The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1878-03-06

corporation and held under an Aet Of The Io1
isiature of the State, approved January * TO-
Ind also in respect to the tax upon the ran
road and its appurtenanees, rs to which SUITS
have been pending in the Courts TO ADJUST The
same.
lature of the State eft Mississippi, That
the Sheriffs OF the several counties OF
this State in which any of the lands
embraced in the said grant to the corporation
NAV be and which may have been assessed for
taxes during the years 1914 1910, 1910 anu
1917. for State, county and school, or any other
purposes under the authority OF this State,
shall within thirty days after the passage OF
this Act aud upon and after the dissolution OF
all iniunctiOns restraining the collection OF
he taxes on said lands-in case the said IN
auctions shall be dissolyed-proceed IN their
respective counties to make collection OF All
of such taxes in accordance with the existing
laws for the collection of taxes which remain
due and unpaid, and in the event of inability
to collect said taxes, the SherltIs aforesaid
will advertise and sell such lands in the man
ner provided by law for taxes and costs, such
sales to be made at such times as the Sheriffs
OF said several counties may designate, ana
the deeds the purchasers, made at such
sales, shall have the same operation and Ell ct
as the laws give TO deeds in other cases OF
sales for taxes; and in all matters touching the
advertisements and sale OF said lands, the
Sheriffs of the said counties shall be governed
by the general laws of this State in respect 10
the advertisement and sale of lands for nom
herein provided Provided, however, That, as
"a compromise, the said Mobile and Ohio Rail-
road Company, any Trustee or Trustees, or
purchasers under any decree of any Court for
the sale of the estate and rights OF SAID com
pany or their assigns, shall have the right
to pay to the Auditor of this State, at
any time within the thirty days Aforesaid, the
sum of twenty-five thousand dollars, and shall
moreover consent, in the writ of the accept
ance of said compromise that said land shall
| be reassessed in the year 1873 according to the
| provisions of section Of this Act, and that
| in the future SAID lands shall be subject 10
| taxation as other lands in this State there
| for, and in that case the Auditor he, and he is
| hereby, authorized to acquit and discharge the
| said Company and its assigns from any
| claim, and demand Tor any and every part Of
| the taxes fer the years aforesaid, and there
| shall be further actisn upon this section of
| this Act by the Sheriff aforesaid.
See. 2. Be it further enacted, That the said
corporation, It's successors and assigns, or
any Trustee or Receiver in possession, or
their assigns, shall, on or before the first
! day of January 1879, file with the Auditor of
! this State, detailed statement showing the
cost of that portion of said road lying
| in this State, to the date of its completion in
| 1861, and shalt on, or before the lst day OF
| January, 1879, and of every succeeding year,
| file with the Auditor Of the State Il detailed
| statement Of the expenses and earnings OF
| that portion of said railroad lying within this
| State for the preceding fiscal year of said
| company and the net revenue arising there
| from. The said statements shall be sworn to
and subscribed by the President Treasurer
| of the company, or the Trustee or their or has
| assigns. But the State shall not be estopped
| to deny the truth OF such statement, and IN
| the event of the acceptance of the compromise.
provided by section | of this Act and of Il
| failure to file such statements aforesaid,
! the said company shall forfeit to the State, as
a penalty, hye thousand dollars and IN the
| future taxation shall be assessed according to
| the third section of an Act, entitled anAct to
| incorporate the Mobile and Ohio Railroad
| Company, approved 18th February, lS4S; Pro-
! vided, however, That the said corporation
! shall be entitled to the benefit of any general
Act for the taxation of railroads in this State,
if it shall choose to avail itself thereof, which
election shall be communicate to the Auditor
prior to the first day of January of the year
in which it is made, and a settlement of the
taxes of such year shall be made at the same
time.
SEC g. Be it further enacted, That upon
the acceptance of this Act, by the corporation
aforesaid, the said corporation shall be bound
to dismiss all of its suits against the State
and its officers and any appeals thereof on
account of taxes and shall pay all the Court
costs in such cases.
SEC. 4. Be it further enacted, That upon the
payment of the sum of money and the accept
ance of the compromise hereinbefore provided,
the Auditor shall notify the Assessors of the
several counties in which the said lands of
said corporation lie, to proceed Immediately,
according to law, to make assessment of
said lands during the year 1873, and for the
levy of taxes thereon for said year; and
the said Assessors shall proceed Immediately
to assess said lands in pursuance of the gem
cral laws for the assessment of lands in this
State. Such assessment shall in all respects
be governed by the laws of the State in refer
ence to the assessment of lands. Upon the
return of the rolls of such assessment to the
Auditor it shall be his duty to dis
tribute two-thirds of the said sum of
money so paid to him among the several
counties where said lands lie. He shall
be governed in such distribution by such as
sessment Of 1873, and shall divide said two
thirds of said sum among the said several
counties pro ratio. according to such assess
ment The remaining one-third of said sum
shall be paid into the State Treasury.
SEC. D. Be it further enacted, That this Act
take effect and be in force from and after it
passage.
APPROVED, February 81 1873.