The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-03-22

tvoQr
are suejeined, to which our attention Il invited.
Very respectfully, 9. 8. GApsDEH,
Engineer and superintendent.
The "Act to enable the Savannah and
Charleston Railroad Company to complete
their road" passed by the State Legislature.
and ratified I'd March, 1869, was then subnlit-
ted, and on motion accepted and adopted. Ia. .
AN ACT TO ENABLE THE sAvANNAn AND CHARLRsFoN
y RAILROAD COMPANY TO COMPLETE THEIR noAD.
SECTION l. BE IL enacted, by the Senate an House
OF Representatives, of the State OF South Carolina
now met and citing in General Assembly, and BY
Charleston Railroad Company Is authorized and
empowered to borrow and raise the OF not more
a saHn Mve nunureo tnousand collars, to be used in
extending and rebuilding their road under the pro-
visions Of their charter. d, ! .
SEC 2. That for this purpose the said company is
hereby authorized and empowered to issue bonds to
the amount of net more than Eve hundred thousand
dollars payable twenty years after the date thoreef
seven per cent per snnum, payable semi.annually
SEC. 8. that the said company is hereby further
authorized and requi, ed to iund and redeem the
coupons for interest of the bonds Of tho Charlcson
and Savannah Railroad Company guaranteed by the
State now past due, and that may fan due ON or bo.
therefor an equal amount 81 their bonds. WITH cou
pons attached for interest payable ssmi-annually at
epa 10 bseo 81 na T. per snd ho pr
thereof And the payment Of taid bonds 30 to be H.
sued IN Substitution for interest coupons shall BE
fully as the original bonds o. the Charleston ana sd.
vannah Railroad Company are now gaaFanteed sub
SEQ ise bends hereinbefore authorjsed tar -.
building said road shall be used exclusively for the
building thereof and the outfit Of tho same; salary
shall be paid to any ocer Of the said road out Of the
funds SO raised by this act. INN
SEC. 5. The said railroad company shall deposit
comes due, with the financial agent Of the State Of
South Carolina, In the City Of New York, and shall
notify the creditors Of the same by public advertise
ment In one newsp per New York, one in Charles
ton and one tn Savannah, and IL said company ehal
fail to pay the interest on it's debt within SIX months
after It shall have bec6me due, or fail to paw OF
within SIX months after it shall have become due
It shall be the duty Of the Comptroler-General Of
mediate possession Of said road with AL its appur
tenances, and lease the same to responsibie partee
Assembly shall by law. provide for the settlement
OF the affairs Of SAID company in the interest Of all
its creditors The Governor Of the State is hereby
authorized and empowered to appoint two directors
to represent the State in the direction of said
snc. g. That the present lien of the State of seuth
Carolina said 70 id SHALL upon the issue Of the bonds
provided for IN and by the Arst section of this aot
be postponed and become second Lien. which said
second lien shall extend over and cover the whole
road ie outfit and real estate fully as is already
provided for by law. The said road shal be compile
ted by the Arst day Of January, 1870
sno. This act shall NOT DO OF force until said sa-
vannah and Charleston Railroad Company eonsent to
the amendmen q their charter 60 that the property
OF said corporation shall be subject 70 taxation In
conformity wth section Of article Ia Of the const
tution and said consent be certified under the seal
OF said company, to the Comptroller General ana
secretary Of State. Upon the fing Of said consent
the said charter sha! be deemed ana held to be mod
ton: Provided that tsx ehall be assessed levied
upon said road until the same shall have been com.
peted. |I 01s0 a
In the senste House, the second day OF March. I'm
the year Of our Lord one thousand EIGHT hundrea
and sixty-nine. CH. W. MosTaoMEaY,
President Of the Senate Pre- tsm.psre.
Ys,T speaker House OF ReprepeA tativos.
g. nm
certify that this act originated In the Senate was
presented to the Governor for his approval Wednes
day March 8, .11.80 A. M and has become law bv
failure Of its return Senate within the time nre
scribed by the Constitutions Oh the state =
- q d. B. - NJ
EnsRxrABx or SrAar,s crr1on ~
~ OoYuarnsA a RI snSsrsh q Saeo
LEI Cerdoxo Secrefarv ~ Stafa 10 scutS y a..
lima do herby certify thaf this is anr,aat ccysv ~
an act entitled can act to enable the ssvaans ana
Charloston Railrnai Comaanv sn nn,ssists asss. 80,
road, - died in this ofSce. y s*sAT
Celumbia, this a.h day Of Maroh, 4. 5. 1862 srd
NJ in the ninaty.fhird wear 81 tho ndcnandsm g ~
II the United states of A1Asriea. =
+ ssoestary Of State South csr0lina.
non. henry BUST onered the following reso-
lutions, which wore seeondod by q. w. vii.
,;sros p.o .na a,.>...;...,- "-1
-,''.'' ~ .''i.' ~ aAu ui"ii 'liAo"s'y auVptsu'
no Ms CSp.rotlcr tseras sad IN. Secretary Stats
rV Me StsLc eL SowtA cfsrolinn: =,
5hsf u @ cortlfy. that O nIsetng Of the steek-
n no,aefa OF toe Ssyalaah anHEharlsston Pai'road
4; ..up hsAH an coMormlySo Sno