The Magnolia gazette., 1873-04-04

Approved March 18th, 1873.

poses.
SECTION l. Be il enacted By the Legisla-
tare Of he State Of Mississippi, That the
venue Of actions and suits against railroad
companies in this state shall be in any
county in which any part Of the road bed
Of the company which may be sued lies !;
and the venue aud suits Of action against
any express company doing business in this
state shall be in any county in which any
par. of the line on which it does business
may run and the venue OF action and
suits against telegraph companies whose
lines run through any part Of this state,
shall be in any county through which any
part OF the line Of any such company which
may be sued shall run and if the president
or other principal aficers Of such corpora
tion cannot be found in the county in which
suit is brought, it shall be the duty of the
sheriff or other officer having process to
execute against said corporation, to diver
true copy Of said process to any operator,
clerk Or agent Of any telegraph or express
company, in said county; and said service
shall be as good aud efFectual as il served
on tile president Or other principal officer
Of such corporation.
Z az. BE iiftrtlsr enacted, That this act
shall take effect and be in force from and
after its passage.
I Approved March 4.h, 1873.
Az ACT 70 establish the legal and conyen-
tionsl rate q interest,
4 SECTION ! Be Il enacted 5y The Legisla-
lt,rs Of he State Of Mississippi, That any
rate Of interest agreed upon in writing by
the contracting parties may be charged and
collected, and all laws in conflict with this
act be and the same are hereby repealed !;
provided, that no rate Of interest exceeding
ten per cent per annum shall be charged
against or collected from the estate OF any
deceased person, except so much as may
have accrued prior to the death Of the con-
tracing parties, nor shall any more than
ten per cent be charged or collected from
any minor or person non compus mentus.
/ az. Be il. further enacted, That where
no rate Of interest is specified in writing,
the legal rate Shall be six per cent per
annum.
33. Be 1firtfer enacted, That this act
take efTsot from and after is passage.
Approved March 8, 1873.
The Itallroad IntLcbtcdncss.
A The following, says the Jackson Pilot, is
the text Of the bill which has passed both
houses, and now goes 10 the Governor:
AN ACT to facilitate the collection Of debta
due from railroad companies to this state.
SEorloN1. Be il enacted 6y Me Legislq.
tire Of tie State Of Mississippi, That the
Mississippi Central Railroad Company, the
Mobile and Ohio Railroad Company, and
the Mississippi and Tennessee Railroad
Company, or either Of them, be and they
are hereby permitted tc pay the principal
sum Of their indebtedness to the state OF
Mississippi, in five annual installments, with
interest at the rate Of eight per cent per
annum, payable annuallyi said interest to
begin six months after this act shall 90 into
effect
az. BE RJariber enactecl, That upon The
execution by any of the above named com
panies Of the proper obligations to the state
Of Mississippi with good and sufficient
security, to be approved by the Governor
Secretary Of State and State Treasurer, and
a majority Of the three, the Governor, Sec
retary Of State and State Treasurer, shall
have power to decide what may be consid,
cred good and sufficient sccurityl within
six months from the date when this acl
shall go into effect, for the principal sum O.
its own said indebtedess as provided in the
foregoing section, the interest acoruing unou
said principal prior to the date when tn,
interest shall begin as above provided anc
shall be remitted to the company or compa
nies executing the same; provided, how
ever, that in the event either of said rail
road companies shall fail to pay the princi
pal Of said indebtedness, and the interest
} thereon as provided for in this act, thor
the interest heretofore due and proposed tc
be remitted by this act on said conditions
: shall be due and payable to the state tn,
/ same as if no relief had been extended tc
/. such company so failing to carry out il
, good faith the provisions herein contained
/; a3. BE il further enacted, That sale
! obligations shall be paid they severally
. mature, in warrants issued by the Auditor o
: Public Accounts on the Treasurer, bearin,
, date subsequent to January l, 1870, q
{ in certificates of indebtedness Of the state
[ issued under an act nntitlad an "a.