The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-02-14
apply 10 such purpose exclusively the taxes
hereby required to be levied.

|
SEC. S. 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, except for interest that may be due
on the public debt.
SEC. 6. That upon the delivery to the Slate
treasurer of the said guaranteed bonds Of the
Blue Ridge Railroad Company, or any part Of
them, the treasurer is hereby required to cause
the same to be cancelled and destroyed in the
presence OF the president of the Blue Ridge
Railroad Company, In South Carolina, and In
the presence OF Joint committee of the Sen
ate and House of Representatives of this
State, 10 be for that purpose appointed.
SEC. 7. That whenever the whole number Of
the said guaranteed bonds shall have been de-
iVered to the treasurer and cancelled, as
required by the provisions of this act, the
liea of the State of South Carolina, upon
the estate property and funds of the
said Blue Ridge Railroad Company In this
State, and of the other associated COM
panies In the States of Georgia, North Caro-
lima and Tennessee, as secured BY the pr0yl-
slons of an act entitled "An act to authorize
additional aid to the Blue Ridge Railroad
Company In South Carolina" passed on the
fifteenth day ofSeptember, ammo Domini one
thousand eight hundred and slxty-eight, and
all other claims or liens which are held by the
State, against said company or companies, on
account Of said guarantee, shall, from thence
forth, be forever discharged and released; and
should the said company be unable, from any
cause to deliver all 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 &C.
cept the provisions of this act, it shall be
authorized, If the board Of directors may de-
sire, to change the corporate name of the
company to that OF the Knoxville and South
Carolina Railroad Company" aud shall have
power to extend its railroad, or to construct
branches thereof, to any points or places
in the State, with all the powers and
privileges with which the said COM
pduS ID aVH FOo0So W thS PhosAoAohS Va
LIS charter, aud the said company shall also
have power to issue bonds, and to secure the
same by mortgage, to such amount\an in
such manner as the board of directors may
direct. And all sales of stock in the said
Blue Ridge Railroad Company, in South Caro-.
lima, and its associate companies, formerly
held by the State and sold by the commission.
ers of the sinking fund be, and they are here
by, confirmed.
SEC. 9. That if any person shall forge or
counterfeit the treasury scrip hereby autho-
rized to be issued, or shall, directly or indi-
rectly, aid or assist in the forging or counter
feitiDg OF such scrip, or shall Issue or In any
manner use any such forged or counterfeited
scrip, he shall, on conviction thereof, be fined
in the discretion of the court, and shall be i'm
prisoned in the penitentlary for aterm not e1-
ceedlng ten years.
The vote on the passage of the bill was
yeas eighty, nays nineteen. PICKET.
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