The mountain Democrat., 1864-10-29

hs publi.hed in some Newspaper published 10 said
osunty, spseifying the numbsrp Of the oonds 20 -
PAid AFTER whieh time shal cease e dIsw Sn 49,
tsrest. An uoasye remainin9in 10 said RaiiTo9d funa
atsr all Of said bonds shan have been rsaeemsas
sRan Be patd BY the said D1mmissioueH 70 -
County TEsesurer, who shah ny one -thira tas,sel
into the sshoO Fund, and the ssidus into me Gsnt
eral Fund OF said county
L : Sec l9 wheneYer Guy hDnds shall have been
| paid and redeemed ~ said CommiSsioners, they
! ShAll mark the same :" eaneeled over tne nght ~,
tuTes Of said Commissioner and shall Immediately
deliver the same 70 the County Clerk, tkting his
receipt ehereIoT and the said Clerk SHAH hle said
cancelled bonds In bis ONCE.
deerS herein mentioned sha be liable on their ot-
cial bonds Tor the fai;hful performance Of ali the
duties required Of them under the provisions OF this
Act, and shall, In all thing: herein REQUIRES Of
! 70 which they are Subeeted IN the performance Of
any other Of the duties Of their respective oees,
and said Commissioners and other otneefS shAH re-
required Of them under the provisions Of this Act,
| than such ~ are allow ed by law for the perform
aDce Of the duties of their respective odiees
See. II. The said Bbard Of SupeTVtsoTs shal have
authority % authorize q committee OF any one or
more Of their number, or sny other persOn or per-
sons 10 east all votes tsepEsSsntingl respecting the
capital stock 20 subscribed by them at all meetings
OF the etochholders Of the Sad PtaesTvils and Sac
| ramento Valley Railroad Company and they shall
BY an oEdeT made and entered on their Journal for
that purpose, have full power to SELL transfer, and
assign, said capital stock or any part thereof 90
i taken by them under the provisions Of this Act,
whenever, on submission to the qualified electors
Of said county at any county or general or special
election, Of proposition TO sell the same, major
ity OF those voting upon Said proposition shall vote
Sec. IS. Said Board Of Supervisors shall have all
the rights and powers appertaining to any other
subscriber to the stock Of said railroad COMPANY
and shall receive all Of the dividends, issues and
prohts arising from the capital stock subscribed
by thsn and it shall be their duty TO set aside and
transfer all such dividends, issues and profits, to-
gether with all taxes which may be from time &c
time paid to said county by said railroad company
to the said Railroad Fund, to be applied BY the said
Railroad Commissioners to the payment Of the in
terest and principal OF the bonds issded under thG
provisions Of this Act in the manner provided by
section eleven Of this Act and after the full pay
ment Of all Of said bonds, both principal and inter
est, the said dividends, isSuea, and profits, arising
from said stock subscription shall be applied as fol
lows: One-third part thereof to the schoOl Fund
the General Fund Of said county.
Sec. l6. The subscription Of stock authorized b.
virtue Of the provisions Of this Act, sha be mad'
by said Board Of Supervisors the books Of sale
railread company. upon the express -ondition tba
the said county shall not be liable for any of thu
debts or liabilities Of said company beyond thu
amount go subscribed, and this provision as TO thu
liability Of said county shAll be part OF and ex
pressly stipulated in all contracts made by saiC
company for the construction and equipment Of sai'
road.
sec. IL. IL tha ii oe tn0 outy OF sAlu DoNu OF Su
peTvisors to cause this Act TO be published for th
space Of ten days in some newspaper published il
said county, and such publication shall be complet
ed prior to the election mentioned IN the drst sec
tion of this Act.
Sec. liz. So much Of an Act entitled an Act 4
authorize the Board Of Supervisors Of the Count
Of FL Dorado TO subscribe two hundred tbouSan,
dollars to the capital stock Of the PlAcerVille NJ
Sacramento Valley Railroad Company, and to pro
vide for the payment Of the same, and other mat
ters relating thereto, approved March twenty eigh
eighteen hundred and sixty three, as CONFLICTS witt
the provisions OF this Act IL hereby repealed.
Sec. 10. This Act shall be taken and deemed
pubir Act ard shall be in force and take effect fror
aud alter its passage.