The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-03-31

Twelve OF an Act entitled Gan Act to
authorize the formation OF the Green
vile and Columbia Railroad" passed on
the 18th day of December, in the year
1845. be-, and the same are hereby, re-
enacted, with the following amendments
or alterations:
SEQ. 8. That the Greenville and Co.
lumbia Railroad Company is authorized,
so far as prao icable, to purchase. con-
meet or unite with any connecting rail
road or railroads, and especially to ex
tend railroad Communication to Knox
vile, Tennessee. and to AsheTi!le, In
North Carolina: Provided That If the
Grecnville and Columbia Railroad Com
pany shall fail to construct and finish
the said railroad, including such other
railroad or railroads as it may unto with
or acquire, to the line between this State
and North Carolina and Tennessee,
within FIVE years from the fnal passage
of this Act, the right to further construct
said railroad to Knoxville and to Ashe-
vile shall cense; and the time limited
therefor is hereby extended five years
from the final passage of this Act; but
this limitation shall not impair nor affect
any rights, or any railroad or railroads
acquired, united with or constructed, so
far rs acquired, united with or con-
structed, Mt the end of the time hereby
limited; nor shall anything contained in
this Act impair or limit the right or
privilege to consolidate or unite with
any railroad or railroads under any gene
raj railroad law or laws. That the said
Greenville and Columbia Railroad Com
pany shall have the power to construct
and build, upon the most practicable
route, branch of their road, from some
point on the line of their road ut or
East of Anderson Court House, and
West of the Sslada Rivor, to Aiken or
Hamburg, and there connect with any
railroad incorporated under the laws Of
this State; and, also, shall have the
power to construct and build, upon the
most practicable route. branch Of their
road from Abbeville Court House to the
Savannah River, in the direction of
Washington, Georgia; also, that the
said company shall have the power to
construct and build, upon the most prac-
ticable route. q railroad from Spartan
burg Court House to the North Carolina
line, in the direction of Asheville or
Rutherfordton, North Carolina.
SEQ. 4. That in view of the consolida.
ton of the Greenville and Columbia
Railroad Company and the Blue Ridge
Railroad Company, the action of the
said Blue Ridge Railroad Company in
making the bonds aforesaid, and of the
Comptroller General of the State in en-
dorsing the same, and thereby pledging
the faith and funds of the State to the
payment of said bonds, is hereby ratified
and confirmed; and that the making and
execution by said Blue Ridge Railroad
Company, and said other companies, of
the mortgage aforesaid, to Henry Clews,
n0nrI;n Haor~o
to secure the payment of the bonds
aforesaid, is also ratified and confirmed,
and said mortgage is declared to be
lien prior to that of the State, on all
property described in said mortgage,
and on the entire line of the rond afore-
said, and all the properties of the said
several companies, or which they, or
either of them, may hereafter acquire;
but nothing in this Act contained shall
be construed to divest the State of it's
lien on the estate and property of the
said several railroad companies, or either
of them, for its endorsement of the
bonds aforesaid, but said lien is post
poned to and declared to be subject and
subordinate to that of the mortgage,
hereinbefore mentioned, to Henry
Ciews, Henry Gourdin and George S.
Cameron, trustees.
SEC. 5. That all statutory or other
liens or lien, encumbrances or encum-
brance, equities or equity, except the
mortgage encumbrances now upon the
property, assets, effects, rights and fran
chises of sNd Grcenville and Columbia
Railroad Company, or any part thereof.
and also except the mortgage herein au-
thorized, shall be, and are, or is hereby.
made subsequent to the mortgage en-
cnmbrances now existing thereon, and
subsequent to the one herein authorized,
SO that the holders of tho bonds secured
by said mortgages, or either of them,
shall have a lien and security ns between
each other, &C ,ordng to the time said
mortgages have been or shall be record
ed, and prior lien to all other liens or
encumbrances whatsoever, any law or
laws to the contrary Notwithstanding.
Sec. 6. The following clause in Sec
tion 2, of the Act of September Is, 1868,
to authorize additional aid to the Blue
Ridge Railroad Company. in South Gu
rolinn, viz; "And further prorided, That
the said bonds, or any part thereof,
shall not be used, unless upon the ex-
press condition that upon application to
the Congress of the United States, or to
private capitalists, the amount Of three
millions Of dOllura in currencv Or an