The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-03-14

receive the same in payment Of all dues
to the State; aud still further to provide
for the redemption of said Revenue
Bond Scrip. an annual tnx If three mills
on the dollar, in addition to all other
tlxcs, on the assessed Value of MI taxa
BILE property in tho State. is her eby le-
Wed. to be collected in the Same manner
and at the same time rs may be provided
by law for the levy and collection of the
regular annual taxes OF the State; and
tho State Treasurer is hereby required
to retire, at the end of each yemr from
their date. one-fourth of tho amount of
the Treasury Scrip hereby authorized to
be issued, until al of it shall be retired,
and to apply 10 such purposes e1cln-
sively tho taxes hereby required 10 be
levied.
SEQ. 4. That if any such Revenue
Bond Scrip is received in the Treasury
for payment OF taxes, the Treasurer be,
and he is hereby, authorized to pay out
such Revenue Bond Scrip in satisfaction
OF any claims against the Treasury, ex-
cept for interest that may be due on the.
public debt.
SEC. 6. Thnt upon thc delivery to the
State Treasurer Of the said guaranteed
bonds Of the Blue Ridge Railroad Com
pany, or OF any pdrt of them. tho State
Treasurer is hereby required to cause
tho samo to be cnnce!oa and destroyed,
in the presence of the'President of the
Blue Ridge Railroad Company, i'll South
Carolina, and in the presence OF Joint
com mittee of the Senate and House of
Representatives of this State, to be for
that purpose appointed.
SEQ. Z. That whenever the whole num-.
Der Of the said guaranteed bonds shall
have been delivered to the Treasurer
and cancelel as required by the provi-
sions of this Act, the lien of the State
OF South Carolina. nN III the estate, pro-
perty and funds of l..c said Blue Ridge
Hallroad Company, in this State, and of
tue other associated companies in the
States of Georgia, North Carolina and.
tennessee, rs secured by the provisions
of On Act entitled San Act to authorize
additional aid to tho Blue Ridge Rail-
| road Company. in South Carolina"
passed on the fifteenth day of Septem-
Der, Anno Domini one thousand eight
hundred and sixty-eight, and all other
claims or liens which are held by the
State against said company or cnmpa-
MES, on account Of said guaranty, shall,
from thenceforth, be forever discharged
and released; and should the said com
pany be unable, from any cause, to de-
liver oil of said bonds, such liens shall
be discharged and released to an extent
which shall be proportional to the amount
of such bonds actually delivered.
SEC. 8. That if the said company shall
accept the provisions uf this Act, it shall
be authorized, if the Board of Directors
may desire. to change the corporate
name Of the company to that of the
"Knoxville and South Carolina Railroad
Company" and shall have power to ex-
tend it's railroad, or construct brarches
thereof, to any points or places in this
State, with oil the powers and privileges
with which the said company is now
vested by the provisions of its charter:
and tho said company shall also have
power to isa 10 bonds. and to secure the
same by mortgage, to such amount,
and in such manner. ns the Board of Di-
rcctors may direct. Aud al! sales Of.
stock i'll the said Blue Ridge Railroad
Company, in South Carolina, und it's as
sociute companies. formerly held by the
State and sold by the Commissioners Of
tue Sinking Fund b,, aud they are i.vre-
by. confirmed.
SIC. .. That if any person Shall forge
or counterfeit the Treasury Scrip hereby
authorized to b issued, or shall, directly
or indirectly, aid or mssia. in the forging
or counterfciting Of such Scrip, or shall
Issue, or Ill any manner uso ANY such
forged or conn:Crfeitc,. Scrip, ha shall,
on convection thereof, be iiuci IN the
discretion of the court, ana shall H.. iiu-
prisoned III the P.n,tcnti.iy Tor ~ t,rr
not exceeding ten years.
IN TIE House OF REPRESENTATIVES,,
COLUMBIA, S. g.. March 2, 1872
On the question 'ahA,i thi. Ar' b,
come law. the ot'jrc;iun. q! his Exec
lency the Governor to the cuutru,y not
wiiLstanding. the yeas aud nays were
ordered, pursuant 10 provision II tho
Constitution, resulting yeas eighty four.
nays eighteen, and ordered ru be ;, 1T to
the Srnutc.
by order. a. O. JONES,
Clerk H"n>'. -: II ..r,.rn'nlvcs
Is THE SENATE.
COLUMBIA, S. e., Mnich =, 1872.
On the question, ''shali THIS Act l;n:s
and become IL Lave. the "hj,cti"ns q, his
Exccllcncy To ;he contrnr, nutwi.ii>tnnd.