The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-01-22

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dred and sxty-nine.
SEQ. 5. That the said tnx commissioners
may sell for cash, for school purposes any
suitable SUI buildings: with grounds not exceed.
the unredeemed lands at their disposal at
prices to be fixed by said commissioners.
SEQ 9. That the lots and houses in the vii.
lage Of Mitchellvile on Hilton Head Island,
South Carolina, may Ue sold by the said tax
commissioners to freedmen for cash prices:
Provided, however, That said lande shall be
sold at public auction TO the highest bidder,
after such advertisement as the commissioners
shall direct.
SEQ. 2. That all lands, lots and improvements
which were sold under section eleven of the act
entitled San act for the collection Of direct
taxes in the insurrect1onary districts within
tho United States, and for other purposes"
approved June seventh, eighteen hundred and
sixty-two, by said tax commissioners to per-
sons who had served in the army, navy, or ma
rne corps OF the United States, upon which
any deferred instalments Of purchase money
shall be due and unpaid, may be sold agreeably
to the terms set forth III the land sale certi-
Gates issued to suck persons at public auction
after three weeks nUtice in two or moro news
papers published in the said City Of Charleston;
but such nstalmanss may be paid at any time
before such lands sIEa,l be resold; and tho said
tax commissioners aFe hereby authorized to
bid, for the United States, on eny Of the lands
or improvements authorized to he sold at pub
lie sale by the provisions OF this act, such sums
as in their Judgment may secure the same from
unnecessary sacrifice.
SEC. g. That in order to secure the safe and
speedy transportation OF the mails, troops anj,
munitions Of war and public stores aud TO pro-
mote commerce between the State and other
nations, as we'll as the interests OF agriculture,
along and over the route OF the railroad herein-
after described, there be, and th're hereby is,
granted TO the Port Royal Railroad Company, O
corporation existing under the laws Of South
Carolina and Georgia, dated December twenty
first, eighteen hundred and 6fty-sevcn, it's sue
cessOrs and assigns, for the purpose Of aiding
in the construction Of railroad from Port Roy
al harbor in the State OF South Carolina, to the
City OF Augusta in Georgia, the right of way
for said road in and through any lands owned
by the United States, ;.nd now in the hands of
the United States direct tax commissioners for
the State OF South Carolina, through which
said road may pass; raid right OF way to in
clude one hundred fsoS IN each side Of the CEN
t. of the road; or If there be less than one
hundred feet OF land on each side belonging to
the United States, then to include so much
width of land as may belong to the United
ration to take froh any lands owned by the
United States, and in tho hands OF said direct
tax commissioners fo- South Carolina adjacent
to the road materials of earth, stone and tim
Der for the construction Of said road.
See. 8. That all sucl lanes in the District OF
Beaufort, South Carolina, which under the
provisions of an act entitled San act for the
collection OF direct taxes in insurrectionarv
districts within the United States, and for other
purposes" approved June tenth, eighteen hum
dred and sxty-two, belong to the United States
and arc in the hands of tho direct tax commits
sioners for the State of South Carolina, shall
be granted to the said Port Roval Railroad
Company on the completion of said road to
Port Royal Ferry; also tll such surph,s lands in
said district as were set apart in an act APPROX
cd July sixteenth, eighteen hundred and sixty.
six, to meet the claims Of certain needmen
who obtained warrants for the same agreeably
to the provisions OF General Sherman's special
Georgia, and shall not be taken up for such
purpose by said claimants on or before tho first
day OF January, eighteen hundred aud sixty
nine, except those lands known and designated
as Pnckney Island. lots in the cities OF Beau
fort, and Port Royal, lands in st. Lukes Parish,
and lands set apart and known as school farms.
and also all lands set apart for army ana navy
purposes. VAR
SEQ. 10. That whereas from. the sale and
lease Of the lands described In tbs bill there
have boon paiti, by tiio cax comn1tsstun-
thousand ave hundred and three dollars aud
seventeen cents into the Treasury OF the Uni
ted States, and the fur ther sum of fifty-four
thousand five hundred dollars into the hands
gees, Freedmen and Abandoned Lands; and
whereas, by the conditions of the twelfth Sec
ton OF the act approved June tenth. eighteen
hundred and slxty-two, for the collection of
taxes In insurrectiOnary DISTRICTS it is provided
that one-fourth of the amount Of monies so
paid into the Treasury of the United States,
ana into the hands OF the Commissioner of the
Bureau or Refugees, Freedmen and Abandon
ed Lands, shall be paid over to the Governor
OF the State OF South Carolina or his autho-
fi1ed agent, and an additional fourth of the
same monies shall be paid over to said State to
aid in the colonization or emigration from said
State OF any free person Of African descent
who may desire to remove to Hayti, Lib sria or
any other tropical State or colony Therefore,
be it further enacted, That for the purpose OF
securing the construction OF said road at the
earliest practicable time, the Secretary OF the
Treasury Of the United States is hereby au-
thoriZed and directed, whenever and as often as
the Governor of the State OF South Carolina
shall report the completion of five or more con-
secutive miles of said road in accordance with
the provisions OF this act, to pay to the treas.
urer, on the order Of the president OF said
road, in United States Treasury notes., or
the United States shall declare lawful
money or legal tender, to the following
amounts {: three Thousand five hundred dollars
per mile, upon the bonds of said Port Royal
Railroad Company at their par value, which
bonds shall be made payable to the Unted
States or bearer III twenty-five years, and bear
ing six per centum interest. payable annually,
the whole road is completed. If, upon the
completion OF said road, any balance of the
above fund shall remain, 1t shall be paid over
to the said railroad company on the bonds Of
the same, as provided above. TO secure the
payment OF the amount Of said bonds OF the
company, and Of any other bonds which the
SAID company may issue to an amount not ex-
ceeding fifteen Thousand dollars per mile. in
elusive OF the said three thousand five hundred
dollars per mile, together with all the interest
thereon, the issue and delivery Of said bonds
shall lpso facto cons titute first mortgage
ON the whole line OF said road, together with
the rolling stock, fixtures, and property Of
every kind and description used thereon, and
in consideration OF which said bonds may be
issued: and upon refusal or failure OF said
company to redeem said bonds. or any part
thereof, at maturity. with all the accrued in.
terest thereon not paiilsas hereinafter provid-
ed, then the said road, WITH all the rights,
thereunto belonging, and also ali the lands
granted to said company by the United States,
which at the time Of said default shall remain
in the ownership of said company, may be
Treasury Of tng United States and held for the
repayment OF any interest then unpaid by said
company, and also for the payment Of the
principal OF said bonds or any portion thereof
which NAV he then 1na md ,,nnaid 7V