American citizen. [volume] (Canton, Miss.) 1864-1890, 1872-05-04

proper person to whom they shall
he delivered and h,ll in trust, to be
delivered 70 said Railroad Compa-
ny upon the terms and conditions
upon which. said subscription is
made, and there shall be printed
across the face of said bonds these /
words, Received by Nicksburg,
Caution and Yazoo City Railroad
ID. 1877. PRESIDENT which
shall be filed up and signed by the
President of said Company at the
time said bonds are deliterethlSs
said Company and until so signed
they shall not be negotiable or pay
able, but shall be utterly void in
he hands Of any person except the
Trustee. And it is further ordered,
that said Board may, by and with
the consent of said Company amend,
change or alter the form and modes
of issuing SAID bonds so far as the
formaIitIes thereto are concerned.
WIN. BRECK,
Pres Board of Supervisors.
In the matter of the election upon
the question of subscription to the
New Orleans, jackson and Great
Northern Railroad Company by the
county of Madison
1t IS hereby Ordered By the Board
Of Supervisors Of Madison county,
That it appearing from The returns,
certificates and proofs fled herein
by Henry r. Smith, NJ. b. MrMick-
en- and E. Il. Luitwielel, the Board
of Registrars of said county. that
an election was duly held after due
notice according 10 law and the
orders of this Board at each and
every voting precinct in said coun-
| ty, npOn the question of Subscrip-
ton by the county of Madison to
the amount of fifty thousand dol
lars TO the New Orleans, jackson
& Great Northern Railroad Compa-
ny. upon terms and conditions set
forth in the order of the President
of the Board of Supervisors order
ing said election on the 30th day of
March, 1872, and that said election
was in all respects conducted ac-
cOrding to law and the orders of
this Board, and that at said cleo
ton more than two thirds of the
qualified voters OF said county voted
in favor of and for said Subscrip-
tiOn-that the Board of Supervis-
Ors of Madison county, in the name
of Madison county, subscribe the
sum of fifty thousand dollars TO the
capital stock of the New Orleans,
jackson and Great Northern Rail
road Company, and thar the Presi-
dent of the Board is hereby directed
to enter said subscii ,,tiun and to
sign his name thereto as President
of the Board of Supervisors of Mad
iSOn county.
1t is further ordered, That said
subscription shall he payable ac-
cording to the terms and conditions
Of the orders for election therefor,
and that bonds of Madison county
be prepared at the cost Of said com
pany, i'll SIMS of $500 AMI $1,000,
to the amount Of the sum of fifty
thousand dollars, with coupons
thereto attached, bearing interest
at seven per centuEl pei annum.
payable srmi-annually said bonds
to be made payable to the New Or
leans. Jackson Il Great Northern
Railroad Company, or bearer. pay
able twenty years atterdate of issue.
interest and principal payable II
the City OF New York, and shall
bear date on the first of January
A. ID. 1878, and shall be signed hN
the President of the Board of St.-
prrvi~ors OF Madison county, and 10y
the Clerk of said Board, and shall
bear the seal of said Board, and
that the Clerk Of this Board shall
keep a book showing the amount
and number of each bond, when any
interest shall have accrued on any
of said bonds, before they are de
liyered 10 said company, then the
coupons therefor shall be detached
before delivery, returned to the
Board to be cancelled and flied and
that VII, II said bonds are prepared
and signed that the Board of Super
visorS of Madison county shall de
slgnate Il bank or proper person to
whom they shall be delivered, and
held in trust to he delivered to said
Railroad Company upon the terms
and conditions upon which said
subscription is made, and there
shall be printed nctcSS the face OF
said bonds these words. Receives!
Ivy New Orleans. Jacks son and Great
No1thern Railroad Company this
- day Of-A. ID. 1S7-,
PRESIDENT" which shall be flee! NJ
and signed 10y the Pre- i'lent "f said
company, AT the tine said bonds
are delivered 10 said co.rHany, and
until SO signed they shtll not be
negotiable or payable, bur shall be
utterly void in the hands of any
person except said trustee.
.And 1t IS FURTHER 0fderfd, That
the certificates of stock in the capi-
tai stock of said company, issued to
the county of Madison in cInsideTa-
ton of the delivery to said company
of the aforesaid bonds, shall he held
in trust 10y said company to secure
the prompt payment of said bonds
and the interest coupons thereto at
tacbed.
And it IS .thrther orde, ed. That
said Board may by and with the
consent of said company, amend,
change or alter the forms and
modes of issuing said bonds, so far
as the formaiitieS thereto are con
cerned. WIN. BRECk,
Pres. Board OF Supervisors.