American citizen. [volume] (Canton, Miss.) 1864-1890, 1873-07-26

two hundred and fifty thousand dol
lars to the capital stock of the Vicks-
burg, Canton and YazOo CITY rail.
road Company, payable in the bonds
of said county, due in twenty years
after the LIST day OF June. 1872, and
bearing interest at the rate of seven
per cent. per annum, the said bonds
to be delivered to said Vicksburp.
Canton and Yazoo City Railroad
Company at certain times and upOn
certain conditions, as in the order
OF the Board of Supervisors of the
said 9th day of April, 1872, stipu-
lated and contained. And whereas.
it now appears evident to the Board
of Super visOrs of Madison county.
from personal inspection and infor-
nation, and after being fully advis.
ed upon the law in reference to said
subscription, that the construction
and equipment of said railroad has
commenced within the limits of said
county of Madison, and that the
greater part, if not the entire amt
of bonds subscribed to said cOmpa-
ny will be issued to the same within
the next ensuing year, under the
provisions and stipulations of the
Order of this Board of the date
aforesaid, and that the interest ac-
cruing upon said bonds thus issued
must be provided for therefore.
Be 1t ordered by the Board of Su-
peruisors Of Madison county, That q
special tax of five mills on the dol
lar be levied upon ali taxable prop
erty of said county, both real and
personal, to be collected for the year
1873, by the o&cers and in the man.
ner prescribed by section 10 Of the
charter of the Canton and Vicks-
burg Railroad Company, approved
July 21st, 1870.
Be 1T further ordered. That said
tax be collected in United States
Treasury or National Bank notes,
and that the same I've paid over by
The collector of taxes to the county
treasurer In the same currency.
Be it further ordered, That the
said taxes, when collected and paid
to the treasurer of the county, shall
be paid out only in redemption of
the coupons due upon the bonds of
the county issued in aid of the con-
structiOn and equipment of the W.
burg, Canton and YazOo City Rail-
road: Pr0rided, that any residue of
said tax remaining in the hands of
the treasurer after the redemption
of the coupons due upon said bonds
on the LIST day of December, 1873,
and on the LIST day OF June, 1874,
shall be invested in the united states
Registered Bonds, bearing interest
at the rate of six per cent per an.
MN. to be used as a sinking fund
for the redemption of said bonds,
as the Board of Supervisors may
hereafter direct; or the proceeds Of
said U. s. bonds may be used to
meet any deficiency that may occur
in any year in the future by reason
of the tax collected not being suffi.
cient for the payment of. the inter-
est due on said county bonds issued
in aid of said railroad.
REPoRT.-The undersigned. ap-
pointed ii committee to examine the
quarterly accounts and vouchers of
j. j. I. Boyd, county treasurer,
would respectfully report, that We
|
find the same correct, and have can
celled all warrants in said treaSur-
er's hands.
J. NJ. RICHARDS,
BLIJAH WARE.
Canton, July 10, 1873.
In the matter Of the Petition of Phil
Up s. Catchings, ct al.
! Ill.,, ,>afit.. x>G DI,.Is,> Hoko1,
ings, and others setting forth that
i'm January, 1916, the Board of Trus-
tees of school and school lands in
Madison county, Miss, did lease to
Robert Love. now deceased, section
16, tow nship 9, range three east
except thirty five acres out of south
east corner thereOf-fOr the term of
ninety. nine years from the 1st day
of January, 1916, and that the said
Robert Love, III his lifetime, full
paid to SAID Trustees the purchase
money for said land, and that part
of said land was leased by said Rob-
ert Love, in his lifetime, to William
G. Love, and one other part to ThOs.
j. Love (which parts are particular
~ set forth in said petitiOn), and
that the remaining part OF said land
belonged to the estate of said RObt.
Love at the time of his death, add
after his death TO his children and
grand children, whose names are
set forth in said petition. and that
SOrintha McLamer, one of the child
rem of said RObt Love, had convey
ed OF let her share to, part or inter-
est in said land to her Co heirs, or
distributees,-h been heard by
the Board, and having been duly
considered, and the Board being
satisfied upon due proof that the
facts stated in said petition are true,
and that said petition ought to be
granted. doth now order and direct
that the county superintendent of
education of Madison county do
execute to the several par ties named
in said petition a lease of said sew
eral parts of said land, according to
the prayer of said petition, leasing
said land for the balance of the I'M
expired term of 80 years aforesaid,
from the said LIST day of January,
1916. to the several parties accord
ing to their respective interests, as
set forth in their said petition.
J. Nj, Richards in the chair, preS't