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

Eand aesignatea ass Revenne Bond
Scrip of the State of South Carolina
in such; form, and Of such denomina.
ti5nfas may be determined on by the
State Treasurer, and the President Of
tile Blue Ridge Railroad Company
in South Carolina, to The amount ol
one million eight hundred thousand
dollaArsF;wiiich ResenlIe Bond Scrip
shalt be Sighed BY tie State Treasurer
and.phal express that the sum men.
toned therein is due by the State Of
South Carolina to the. bearer thereof
and that the same will be received in
payment Of taxes and all other dues
to the State, except special. al.tax levied
to pay interest on the public debt.
z .SEGz-4:! The faith. and funds ol
the State are hereby pledged for the
ultimate redemption Of said Revenue
Bond Scrip, and the County Treasu-
rers are1heteby reqhircdto receive
the same in payment of all taxes
levied cby.thel State, except in pay
ment of special tax levied to pay in
terest on, the public debt and the
State Treasurer and all other public
officers; are, hereby required to receive
the same in payment Of all dues to
! the State, and still further to provide
for the redemption, of said Revenue
Bond Scrip, an annual tax of three
mills on the dollars in addition to all
Eo6T GaSess EonSthesa,sessed value OF
all taxable property in the State, is
hereby levied, to-be collected in the
same manner and a; the same time as
may be provided by. law for the levy
and collection of the regular annual
taxes ,of the State land 4the,fState
Treasurer is hereby required to re-
tire, tat the end of each year from
theig date, onesfortpth- Of the amount
Of the Treasury Scrip hereby au-
tAoriasd-to-be-issued,-until-nllo OF it
sshall be retiredg and to applyyto such
purposesekel1 l1aiFeIy the faxes hereby
required to beevisd. jEl (
Sec. 5. That, if any such Revenue
Bond Scripyis received in the Treasu-
nv, for;paSm Smentnf taxes, the Tressu-
.rer be, and hef IS hereby, authorized
to pay out such Revenue Bond Scrip
in satisfaction Of any claims against
the Treasury, except for interest that
!, may be due on the public debt. q
/ SID &That npoH the delivery to
the State Treasurer 8 Of E the said guar
aa1teed bonds. of the Blue Ridge
Railroad Company, or of any part Of
them, the Treasurer is hereby re-
+quiredT to- cause the same to be can
celled and destroyed, in the presence
of the President Of the Blue Ridge
Railroad Company, in South Carolina,
and in the presence of a Joint Com
mittee Of the Senate and House OF
Representatives of this State, to be
for that purpose appointed.
SEC. T. That whenever the whole
number of the said guaranteed bonds
shall have been delivered to the
Treasurer and cancelled, as required
by the provisions of this Act, the
lien of the State. Of South Carolina,
upon the estate, property and funds
of the said Blue Ridge Railroad Com
pany; in this State, and Of the other
associated companies in the States of
Georgia. North Carolina and Tens
nessee, as secured by the provisions
of an Act entitled IAN Act to au-
thorize additional aid to the Blue
Ridge Railroad Company, in South
Carolina, passed on the fifteenth day
of September, Ammo Domini one
thousand eight hundred and sixty
eight, and all other claims or liens
which are held by the State, against
SAID company or companies, on ac-
count Of said guarantee, shall, from
thenceforth, be forever discharged
released; and should the said COM
pany be unable, from any cause, to
deliver ali of said bonds, such liens
shall be- dischmgedEand released to
a1i.extent which shall be proportional
to-the amount of such bonds actually
delivered.
SEC. s. That if the said company
shall accept the provisions OF this
Act it shall, be. authorized il til
Board Of: Directors i.ay. desire TO
change the corporate name Of the
company to that of the Knoxville
and South Carolina Railroad Compa-
n.y. and shall have power to extend
it's railroad, or t ; construct branches
thereof, ITO any points or places in this
State, with all the powers and privi-
leges with which the said company is
now vested by the provisions of'its
charter; and the said company shall
also have power to issue bonds and
to secure the same by IL mortgage, to
such amount, andin snch manner, as
the Board Of Directors may direct:
And all sales Of stock III the sail
Blue Ridge Railroad Company, in
South Gur1lina, and IT'S associate con;-
panies, formerly held by the State
and sold by the Commissioners oi The
Sinking Fund be, and they ere. h"re-
by, confirmed.
SEC. 0. That if any person shall
forge or counterfeit The Treasury
Sclip hereby authorized to be Issued.
or shall, directly or indirectly, all or
assistln5he forgiaS.or couutegiatlns
of sdefsSefip, eT Shall lssda; ofln
any manner use any such forged or
counterfeited, he shall, on convictions
thereof, be fined in the discreti n OF
the court, and shall be imprisoned in
the Penitentiary, for term not ex:
ceeding ten years.
In TIE HoUsE OF REPRESENTATIVES,
COLUMBIA, S. c., March 2, 1872.
= Cnlthe question Hsha'l this Act
become ailaM, the. objections Of His
Excellency the Governor TO the con-
trary Notwithstanding, the yeas and
nays were ordered, pursuant to pro-
vision of the Constitution, resulting,
yeas 81, nays 18, and ordered to be
sent to the Senate,-.----.-,-.
--Ru .nrdar