Delaware State journal and statesman., 1865-02-07
cam Printing Estabshmen s. E. and Market
Not:

the proceeds as follows, that is to say; he
shall, Herewith pay of and discharge In
the hands Of any one or more holders, one
hundred Of the bonds issued by authority
of the first section hereof and instead OF
cancellng the same he shall hold them
as State Treasurer and deposit them in
the name Of the State in the Farmers
Bank at Dover and pay the interest on
them from time to time o. it accrues and
Immediately dispose Of said interest in
the payment and discharge of other said
bonds, and hold the same in like manner,
so that by such operation a complete sink
ing fund shall be created and set in ope-
ration for the payment at maturity Of the
whole number Of the bonds issued as
aforesaid by authority Of the FIRST section.
SECTION 8. This act is passed upon the
express conditions following, to wit -
1st. That the Junction and Breakwater
Railroad Company do, on or before the
first day Of june next, execute in due
form Of law and deliver to the State
Treasurer, to be by him recorded at the
expense Of the Company in Kent and
Sussex Counties, a mortgage of said
Company for the debt OF one hundred
thousand dollars, bearing date the first
day of July next and payable thirty years
after date, the interest to be payable
semi-annually on the first day Of January
and July in each year, Of all its property in
Kent County and also so much thereof in
Sussex County as is now used by it or its
lessses or agents, including depot, side
lings, bridges, culverts, track, rondbed,
and all other real estate Of said Company
between the Junction at the village of
Harrington in Kent County and the
utmost point at which any rails are laid
or structures erected in Sussex County:
I'd. That the whole profits of that part
of the road described as aforesaid, after
the payment Of all necessary expenses, be
so assigned and appropriated with view
to the payment of the interest on such
mortgage, as that they shall pass imme-
diately into the hands of the State Treas
urer to be applied to such purpose;
d Sd. That the Legislature hereafter
appoint Eve of the nine directors of said
Company
4th. That no more than five cents per
mile, independent of the State Tax
which with reference to this road shall
from and after the first day Of July next
be at and after the rate of thirty cents for
each and every passenger carried over or
upon the same-shall be charged on pas
sengers travelling on said road, five cents
per basket on peaches or other fruit or
vegetables, carried in peach baskets, ten
cents per crate or box on such produce
carried in crates or boxes, four cents per
bushel for any kind of grain, five cents
per thousand for any kind of timber or
lumber, and four cents per cord for any
kind of fre-wood; and SO, rateably, ac-
cording to the number of miles passengers
are carried, or freight transported.
9th That this act be assented to and
accepted by the aforesaid Company at q
meeting Of its stockholders to be held on
or before the first day of May next such
acceptance to be certified under its cor
porate seal and the hand Of its President
and delivered to the State Treasurer to
be by him recorded in the Recorders
Office at Dover and then delivered to the
Secretary of State to be filed in his Office.
When duly recorded, the record, or a
copy duly certified, shall be evidence.