The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1872-05-11
The Mississippi River and Sardis
Railroad.

ItssisriPpi hi'cI anu Oai"is
Railroad.
A few weeks ago We referred to
this enterprise aud called attention
to It as one Of importance to our
town and county. Since then we
have examined the charter and can
speak more knowingly.
The starting point is on the lower
portion of Bolivar county, on the
Mississippi river, opposite Chicot
City, Arkan 'as, {" or such other
point or said river as may, in the
opinion Of the President and Direc.
tors, be more desirnblc,') and the
terminus is some point within the
corporate limits of Sardis.' Ferry
privileges across the Mississippi river
are secured, and the use Of 30 much
Of the levees as may be required.
The capital stock is limited to one
and a halt millions, to be divided into
shares of one hundred dollars each
with authority to increase the same
il that amount is insufficient.
Until the election Of a Board of
Directors by the stockholders, the
work Is to be controlled and directed
by five commissioners, who are au.
thorized to elect one Of their number
President, aud to elect q treasurer
and such other officers as may be
necessary, and to fix their compen
sation. The commissioners named
10 the bill are Messrs. ". W. Howe,
A. Hemmiugway, Thos. Burns, ].
+. Simmons and B. W. Martin.
Counties and incorporated towns
are authorized to subscribe to the
capital stock, and to issue bonds for
that purpose, upon the conditions
laid down by the constitution Of the
State ; aud Presidents OF Boards Of
Supervisors and May ors of incorpo-
rated towns nro directed to submit
tho question Of subscription to the
voters, upon the application Of fifteen
legal voters Of the county or town.
The company is authorized to re-
ceive land aud other property is pay
ment for stock, and to borrow money
On mortgages OF its real and personal
property and franchises; and all
tases-State, county and municipal
and profits of the company are
to be appropriated to the payment
OF its debts. All fertilizers are to be
transported free OF charge while the
taxes are 30 appropriated, and the
State subsidy Of four thousand dol
lars per mile is secured to the com,
pany, provided twenty-five miles
shall be equipped and in operation
by the first of September next.
Such, in brief, are the principal
features OF the charter, which is lib
eral in NIL its provisions.
This road penetrates a region
hitherto entirely cut of from railroad
facilities, and taps some OF the most
fertile portions of the State, and it
cannot fail to develop the rich re-
sources Of a region too long hidden,
as it were, from the public view.
We understand that the commits
sioners are already at work aud the
engineer corps will propably reach
this place in thirty days, or, at most,
in sixty days, having laid out the en-
tire line.
A meeting Of the commissioners
will be held in Sardis within a very
short time, when a permanent organ
ization will be effected and we have
heard it intimated that our fellow
townsman, Judge ]. F. Simmons,
will be chosen President. If this is
so--and we havo reason to, believe it
is--we think It will be . wise act In
the commissioners, for from the
weT-known industry, perseverance
and indomitabls energy of Judge
displayed in several public
enterprises IN our midst. We Judge
Il 1t If he takes hold Of this road with
|. win, and with bic customary