The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-11-04
To unead 81 Set certified t'An Act 70 establish 3
SYSTEM Of luter1sd Improvement il this STATE,
D. passed the 18th OF February. lS62.


BILL
To anend 81 Set eutiued .'An Act q establi=h
system OF Iuternal Improvement ID this state
passed the 18th OF February. ls62.
SIC. I. Be Il enacted by the General As
senl5lv Of tie State Of Tennessee, That the
Act Aforesaid be 80 amended that the Gov
ernor Of tdis State Be sutbofized and 10
structed 10 issue the six aud one-half cou-
pom bonds Of the State, similar in character
IN every respect 20 The bends issued under
the Act that this Is intended to amend, and
mhturing at the same time, 10 amount sui
fcient 10 pay of all the interest past due, as
wei as that 10 fall due JANUARY lst, 1866, on
all bonds heretofore issued or endorsed by
the State that were iFsuedor Endorsed pre-
viou. To the so called act Of secession, passed
the 9th day Of May ,Is6I. .ft
SIC II. BE Il enacted, That said bonds
shall be issued the LIST day CT January, 1866,
and be payable on the LIST day Of January,
1892.
SIC. III. Be It enacted, That said bonds
shsll, in no eve-t, be sold, exchanged, or
negotiated, at less than their par value but
they may be exchanged for the interest cou-
pom bonds hereby PROV ded 70 be paid, esti-
mating each at their par value.
SIC. ". Be 4 enacted, That the amount
Of interest now due, or that may become due
BY January lst, 1866, by any railroad com
psny to the State on bonds issued to or en-
dorssd for said company, shall be charged
up to said company, on the same terms and
conditions of the or ginal loan under the
law this is intended & amend, and the State
shall have the liens upon each Of said roads
their franchise and property, for The prompt
and faithful payment Of the principal and
interest Of the bonds hereby authorized to
be issued 10 pay the interest on the bonds
said company should have paid interest on,
or it has under the law this is intended to
amend, for the bonds issued under said law.
Sac. Y. Be q enacted, That the several
railroad companies receiving aid under this
Act shall pay the interest on said bonds, as
il natures, IN the same manner and under
the same rules, regulations and restrictions,
as they are now required to pay on the bond
issued or endorsed for them under the act
this is intended 10 amend, concerning the
payment Of said interest on the 18th day Of
June, 1866.
SIC VI. Be Il enacted, That the law now
requiring all railroad companies in this
State to pay into the Treasury ~ per cent.
per Annun as a sinking fund on the amount
Of their indebtedness % the State, be, aud
the same is hereby suspended until January
LIST, 1867, and said Companies are relieved
from the payment Of the sinking fund now
past due under said law.
SIC. VII. Be Il enacted, That each and
every railroad company IN this State, who
have or may receive aid under this Act, or
the Act that this is intended to amend, OF
any amendment thereto shall pay the
Treasurer of the State during the year 1867,
four per cent. on the amount o. It's in
debtedness 10 the State as a smiling fund
on said debt, TO be paid in the bonds of the
State Of like character 10 those issued or
endorsed for said Company, with the cou
pons on the Esme that have not matured,
SAID payments 10 be inside mi-annually on
tho fret Of April and October, and ike
amount every year thereafter until the
whole Of the indebtedness is discharged.
SIC. VIII. Be Il enacted, That the Gov
ernor ofthe state shall, through the proper
State officers, or by himself, or through such
other agent or SCENTS as be may appoint for
the purpose, have the bonds hereby provided
10 be issued, negotiated, aud the proceeds Of
the same applied to the payment OF the IN
terest, now que, or 10 fall due Janusry lst,
1866, on all bonds issued or endorsed by the
State, a. hereinbefore provided, or exchange
said bonds with the holders of said coupons,
50 as to pay of and liquidate said interest.
Sac. TX. Be q further eHacred, That the
expenses Of issuing and negotiating said
londs shall be paid out Of any money now
in the Treasury not otherwise appropriated,
and the same be collected from the RBllruad
Companies 10 proportion 20 the snount is
sued for the benefit Of said Companies pro
rata
SIC. X Be It enacted, That amy Rfail-
road Company receiving aid under this Act,
or the Act III is intended TO amend ar any
amendment thereto, who shall dis crimiutte
in their freight or passenger tariff against
the bus ness Of any city, town or p see IN
this State, or carry frcights lower in me di-
rection thsn another, or refuse 10 give the
citizens Of this State equal facilities for
tran porting their freights to or from any
/ point they may desire TO ship to or fr5ru,
/ with the citizeus Of any other State, whcth-
er the set be committed within the limits Of
1 this state OF not, shall, upon conviction, be
1 fined in the sum OF not less than one hun
/ drei dollars, nor over one Thousand dollars,
l for each and every offence, the sum TO be
/ collected as other fines ard FIXTURES are
collect d, one hall Of the Fame TO 90 the
| State, rnd the other half to the party ag
| grieyed-
sfo Xf. Be Il enacted, Thst when the princi-
pal officers Of the Ststs do not reside ia and
have a ,, rmsnent Office IN this State, it
| shall be competent snd lawful 70 serve no
tice on any Agent Of said Company who
does reside in the State, in any suit brought
! under the provisions ofthe 10th Section Of
| this act.