The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1873-06-05
GENERAL LAW, No. 22S /
AN ACT to aid in the construction of the
Vicksburg and Nashville Railroad.

AN ACT to aid in the construction of the
Vicksburg and Nashville Railroad.
SECTION l. Be it enacted by the Legisla-
ture of the State of Mississippi, That all
moneys, bonds. or securities, now In the
State Treasury belonging to the three per
cent. fund, and all moneys. bonds, or secu-
rites belonging to the fund derived from
the sale of land scrips received from the
United States, under the act OF s6apl gress,
approved July I'd, 1862, and the aakEs pple-
mental thereto, known as the agricultural
Land Scrip Fund, and all moneys, bonds
and securities of whatsoever kind which
may hereafter be paid into the Treasury of
the State of Mississippi, for and on account
of either of the aforesaid funds be, and the
same are hereby appropriated and set apart
in the hands of the Treasurer of the said
State, to be used in the construction of the
Vicksburg and Nashville Railroad and for
no other purpose whatever, and the Irea-
surer of the State of Mississippi Is hereby
authorized and required, to pay over said
funds to the President or Treasurer of the
Vichsburg and Nashville Railroad Com
pany, in the manner hereinafter provided T;
and the interest which shall from time to
time be paid into the State Treasury by
said railroad company on account of the
Agricultural Land Scrip Fund, Is hereby
set apart and appropriated to the use OF Al
corn University and the University of Mis-
sissippi, situated at Oxford, as now provided
by law.
SEC. 2 Be it further enacted, That when
the said Vicksburg and Nashville Railroad
Company shall have five or more miles
completed, and that fact shall be made
known to the Governor of the State of Mis-
sissippi by a written certificate of the Pres
ident of said Railroad Company. supported
by the affidavit of the Chief Engineer OF
said Company, and commissioner TO be APP
pointed by the Governor, then it shall be the
duty of the Governor of said State, and he
is hereby authorized and required to make
a written order upon the Treasurer of the
State, directing him to pay over to the
President or Treasurer of the Vicksburg
and Nashville Railroad Company, from said
special fund. the sum Of eight thousand dol
lars ($S000) per mile for each and every
mile of said railroad so completed. as afores
said; and from time to time thereafter,
upon like proof as aforesaid. the Governor
shall make his order on the Treasurer OF the
State to pay over to the President or Trea-
surer of said Company, from the special
fund aforesaid, a like amount for each mile
of said railroad thereafter completed, until
said special fund shall be exhausted: Pro-
vided, That before any part of said special
fund snail be delivered to said railroad com
pany, the proper officers of said company
shall execute and deliver to the Treasurer
of the State, the notes or obligations OF the
Company for the amount received, payable
in ten years from date, bearing interest al
eight per cent, payable semi-annually or
the first days of January and July, of each
and every year, secured as collaterals by
the first mortgage bonds of said Railroad
Company, bearing interest at the rate o.
seven per cent. per annum, payable in goio
coin, and equal in amount to the sum which
i shall be demanded. and for which the order
of the Governor shall be made as aforesaid
I Provided, That if at any time the Legisla
I ture shall deem the securities of said Com
/ pany insufficient, the said Company shall bC
/ compelled to give such additional securitie:
as may be demanded, to make the indebt.
edneSS secure.
SEC. 8. Be it further enacted, That i
/ shall be the duty of the Governor of tn,
| State of Mississippi to collect, by suit. i
necessary. any claim or evidence of deb
belonging to either OF the two funds men
/ toned in section one of this act. which ar,
now due, or which may hereafter becom,
due, and to pay the moneys so collected int
the Treasury of the State as a part of thu
| special fund created by this act for the con
struction of the Vicksburg and Nashville
Railroad; it shall further be the duty of tn
Governor, and he is hereby required, Il
case no money belonging to said specia
fund shall be found in the Treasury wheI
an order shall be drawn therefor, to pa
| over to the Treasurer of the Nicksburg ant
| Nashville Railroad Company, such bonds
securities or evidences of debt as may be Il
Treasury of the State, belonging either t
the three per cent fund or 20 the Agricul
tural Land Scrip fund, - said Railroal