The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1868-09-16
lligelleN,
The Blue Ridge Railroad.

The Blue Ridge Railroad.
The following bill has passed both
branches Of the Logislature
a BILL TO AuTHoa1zE ADDITIONAL AID TO
TIE BLUE RIDGE RAILROAD COMPANY IN
SOUTH HUARoLINA, s-'-:,.' -. g
heroas, The General Assembly of the
State of South Carolina, by an act passed
thea1st day:ot December, 1881 entitled ed
.aIfsact olauth orizesaid to the Blue Ridge;
Railroad Company in, South. Carolina,
SsprpYiidcd that the fai TIL and funds of. the
State Of South Carolina be and the same
are hereby piedgcd.t to secure the punetual
!payment OF any contracts which shall be.
made for borro wing money by the Blue
Ridge Railroad Company in South Caro-
lina, from any person or persons COM
pany or comp panies, corp alton or cor
porati0ns, to any amount not exceeding
one million dollars, either intEthe United
States or Europe and when such con-
tracts shall: be made by bond or, bonds,
Signed By the: President OF the Company,
.underits seal, and conntcrsig gned by the
Secretary or Treasurer thereof, it shall be
!. tie sdaty Of the, Comptroller General to
!. endorse thereon that the faith and funds
sofs.the State are-pledged tosthe faithfnl
rierfofmance of said contract ontracts,
8 =asi respects. the punetnal payment of
both the principal and interest, according
ito 1es terms of the said contract or con-
tracts; provided shat certain conditions
} narticalasIy rsclted in section -7~of said
net; be- first executed, and the said Blue
Railroad Company ia South Caro-
= lima. secures the said endorsement by a
mortgage of zall their property in the
States of South Carolina and Tennessee,
duly executed and recorded And, where
,.:as,5theS 1nptroll Her General of the State.
-hassnoG sdorsod lany OF the bonds. Issued
by the saidB Blne Ridge Railroad Company
sin South Carol ina, und dersthe authority of
thesaid act and whereas; the conditions
siInposeds upon said endorsement by said
section Z, have become impossible and in.
sjndicious, while the, necessity. of the COM.
Z pletion Of the road has become more ur-
gsntin the interest of the State; therefore
BE it caactedsby the Senate and House.
5:of fRepresentatives of the State of South
= Carolina, ow met and sitting in General;
"A Assemble and ,by- the authority of the
sSSeaf,a.s hat>witho1ts reference to- tho said
and conditions, whenever any
s-cont tract or contracts may be made by the
Pres dentsof the, said Com pany ,sunderits
ali and as proFid dsd by said act, and not
Exceeding one lion sof dollars, thatSit,
shall be. the duty Of the Comptroller Gen
sa.eral TO endorse thereon thatt the faith and
finds of 5ehe Stats are pledged to the
]: faithful performance of said contract or
contracts, as respacts the punctual pay
tsbos,th: :of the principal and interest,
3 accordin q 10 the terms of said id-contract,o
contracts.; provided that so much of said
issue as may be necessary, not exceeding
$500, ,000, shall pplied tostbe redemp-i
:tTons Of tho present bond debt of said
COMPANY. .:;s:sEs ~ ) :
- svc,r,IIoN rbaf 4 1a ;tb and the. fnnds
I, ss r., tfsof Sontb Caroline: be and the
:. aarna are hereby pledeed to secnre the
nnnetiiai nav most ofaHygcontracts which
slali he made nv tISe .Blne Ridre Railroad
Isoynnafsy in Sontb Carolina for the bor.
::ro vino q. money from any .nerson orSner.
sal sons. eornoration or CORPORATIONS. to an.
additional amount not exceeding ss. 900
s5O0os citberintbe. United States or Europe,
sand when such contract shall besmade by.
bond or bonds, signed by the president OF
the said COMPANY under its seal and
9aconntersigned bys.tl,e secretary or. treas.
S nror tbereof il shall bo the duty of the;
( ;ConntroiIer.G General of this State to en:.
sSSiorse thereon, that the faith and funds Of.
s the State of South Carolina are hereby
!; pledged to tho faithful performance of the
cont or contracts, as it respects the {
punctual payment both Of the principal.
land fefntsrelst. according to tile terms of