Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1872-03-21

they shalt bssKAble ESobs fned I'M a
sum not exceeding oe hundred dol
lars, to be collected n any proper !ac-
tion by the Town Co neil.
: SEcal5.a Thatysaly Town Council
|ahal havepower toby out sand ar
FraTges alla Streets ah roads within
said corporate. limits asatbea ppbic
good may require: Povsded, The land
Of no party or partie shall be taken
or appropri ted :forlsuch purposes
without compensationas nowrequired
by the law for condemned lands.
sec. 16. That the Town Council
shall have power to Ivy a town tax
on all assessed propety within the
limits of said town, fo the year 1872,
Immediately after the passage Of this
Act, and proceed to bllect the tax
thereon the followingnonth.
Approved March, 4l072.
AN ACT to relieve til State of South
Carolina Of all labilty for its
Guatantce Of the Bonds of the
Blue hidge IL 'n'oa Company By
rrouidiny for the Stwasg and De-
st,uetio'a Of the sam.
Whereas the State of South Caro-
lima has, by and in p,suance of the
provisions of an aci approved the
fifteenth day of Serembcr, A. D.
1868, entitled "an at to authorize
additional aid to te Blue Ridge
Railroad Company, in puth Carolina, =
endorsed II guaranteed the faith and
credit of the State oiqfour millions
If. dollars of bonds, Issued by the
said Blue Ridge Raibad Company,
comprehending the Bic Ridge Rail
road Company in sout. Carolina the
'Blue Ridge Railroad Company in
Georgia; the Tennesse River Rail.
road Company NTH, Carolina I;
the Knoxville and Carleston9 Rail-
road Company in Tensssee, and the
Pendleton Railroad Cupany in South
Carolina, for the pupose of aiding
the speedy comple.io of the said
.RaiIr9adJ which bond are liable for
l!ahesdehts Of the said Railroad Conf
panies; and whereas lie present con-
dition of the finances Of the State,
and Of said companie: is such as to
m Ike the further continuance of said
bonds on the marke- independent
and unadvisable, and serious injury
and prejudice to thecrtdit of the
State; and whereas IL existence Of
the said. four millions of dollars of
the. bonds, SO gusranted, creates q
large liability upon IL part Of the
State, which the treasly may he re-
quired to'meet'at -unf"aseen and IN
opportune times; apd whereas the
tiiabiiity- of the State, on account Of
suclr Snara fee, SHOULD be faithfully
met,and discharged; threfol e., in or
der to secure the -recoerv and des
truction Of the bonds nd coupons OF
the sald company, issud under and
in pursuanceEof the prvis:ons of the
aforesaid actsss now p:dged in. the
city Of New-York ad elsewhere,
andPto relieve the Stat.of' all liabili-
ties whatsoever, BY reson Of its en-
dorsement@ and gparetee, ofwsaid
bonds &c gsa gsa sS1 0SSz /
SECTION l. .Bs.it c1.cted by the
Senate and House OF representatives
Of the State Of South trolina, now
met and sitting in Gehcal: Assembly
and BY the authority St the same
That the State Trelsrert is hereby
directed, wifi the consnt in writing,
of the Blue Ridge Railpad C. mrany,
in South Carolina, to- require the
Financial Agent of9theState, in the
city of New York, Immediately to
deliver Itost the State Treasury all
bonds Of the Blue Rilse- Railroad
CompanA ena6rsed ana Guaranteed.
byltbe state of South Caolina, which
are now in his possessiol, and held
by-htin-as-collateral~ccrity,-for adj
vances em@erbygthe sadzFinancial
Agent, By the order Of he Financial
Board, to the Blue .Rige Railroad
Company i and Upon thl delivery Of
bonds, the, Treasurer j hereby. re-
auirel Ito .-cancelzthe anne, IN the
manner hereinafter tliectecl,; and
thessaid BlueaiRidge Railroad Com.
panyyshailo thereupon be.disckarged
'from all-habilitv to the 't,te on &c.
count'nfe such advances.
''.SEc. 2. That upon til. surrender
'By the said Company t the State
Treasury Of the balance of the said
four millions of d6llars Of bonds,
issued BY the said Bue Ridge
Railroad Company, and guaranteed
by Tie State, the State treasurer is
hereby authorized and equired to
deliver to the President of-the Blue
Ridg Railroad Company, in. South
Carolina, Treasury certificates OF IN
debtedueas (styled REVENUE Bond
Scrip to the amount, of 5ne million
eight hundred, thousand collars, the
said certificates to be exemted in'the
manner hereinafter -direted ; and if
the said 'cohpahy shall nd be'able to
deliver all Of said bonds 1t one time.
tbeaEseaasarer isa .autApriaas ssna sre7
quired to- deliver-to the said Presl7
dent such amount of sucl Treasury
csfhfSats as aAaIlI j b Ibasplgtii99
the amaahtofp bond delivered d,ist>,l /
f1osEat ssEt. 81 That, nt tt tasaJ iast3S} }]5aR]
pasaasaf othis1Aet, Jha {sEasid dneasReH
Isrhepeh5o agthusiaeds a,id haesuifsd too
Hsse laE a Itsg,