Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-12-09
TENNESSEE.
PUBLIC LAWS-OFFICIAL.

An Act to Protect the Interest OF the State by
reason of the issuance of Bonds Of the State to
the Mineral Home Railroad Company.
Whereas, On the I'd day Of October,
1869, the Governor of the State issued
one hundred bonds of the State to the
President of the Mineral Home Railroad
Company; and whereas, doubts are enter
tanned as to whether said bonds were le-
gally issued OF not, and whether or not
the State is bound for the payment of
said bonds, and the interest accruing
thereon; therefore,
Section l. Be it enacted by the General
Assembly of the State of Tennessee, That
the payment of said bonds or coupons
clipped from said bonds, be, and the
same are hereby for the present suspend
ed until it shall be decided by a court
having competent jurisdiction, as to the
obligation of the State arising from the
issuance of said bonds.
Sec. 2. Be it further enacted, That the
Comptroller of the Treasury and the
Treasurer of the State are hereby express
ly prohibited from paying either of said
bonds, or the coupons clipped from said
bonds, out of the assets in the Treasury
of the State, cor for receiving them in
payment of any of the dues of the State
in any way whatever, until the decision
of the court, referred to in Sec. l of this
Act, is had and determined.
Sec. 8. Be it further enacted, That the
Attorney General for the State be and he
is hereby directed to take SUCH immediate
action es will secure in the use and behalf
of whom it may concern, the money for
which said bonds so issued were sold, and
all the individual subscription of stock in
said Mineral Home Railroad Company,
which were collected, shall be paid into
the Treasury of State and there held for
the special purpose of remunerating the
holders of said bonds go issued to said
Mineral Home Railroad Company.
Sec. 4. Be it further enacted, That the
Attorney General of this State be and he
is hereby instructed to institute suit, in
the name of the State, against such Off
GERS, agents and all the persons of the
State as may have rendered themselves
liable TO the State 10y their completely in
the above-recited fraud, and also against
the following persons, viz: c. T. Grewer,
Jacob ii. Norris, J. G. Donelly, j. w. NJ.
Grayson, Charles Splitter, William Jones
and David Slimp, as also all other per-
sons who may have been stockholders in
said Mineral Home Railroad Company, TO
recover from them the value of the bonds
so fraudulently obtained.
Sec. 5. Be it further enacted, That the
Attorney General shall also Institute such
criminal proceedings. as may now be al
lowed by law against the parties guilty of
the above-recited frauds, to the end that
they may be punished for the same, and
that this act take effect from and after its
passage, the public welfare requiring it.
Passed July l, 1870.
w. ON. PERKINS,
Speaker of the House of Representatives.
D. B. THOMAS,
Speaker of the Senate.
Approved Dec. 6, 1870.
d. w. G. SENTER,
Governor.
l, Thomas II. Butler, Secretary of
State, hereby certify that the foregoing is
true copy of the original, as the same
now appears on file in my office this Sth
December, 1870. T. H. BUTLER,
Secretary of State.