The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1880-02-26
PASSAGE iil; d 81 T sTHE Blue RIDGE BiLI.
The Premiums for % ptemnt Cample.,ea
OF tho Road.

ssfi9.essz El-s-1 aPatt ngs
\ The Aetlto facilitate the completion Of
the Blue Ridge Railroad has now passed
/ both Houses of the General Assembly,
! and needs only the approval Of the Gov
ernor, which It win certainly receive.
The first section Of the bill provides
that the cohnties Of Anderson aud Oco-
nee, and the towns therein, ore empow.
] cred TO snhscsiha ench gums, payable ia
county or town bonds, at par value, to
the owners Of said railroad, not to exceed
| five per cent. of the assessed value Of the
taxable property Of such county, city OF
town. The County Commissioners are
required when petitioned by FIVE hundred
| real estate owners to submit the Question
| to the qualified voters. If the result 10
yors subscription, the Commissioners are
to contract with the owners to issue them
bonds, payable to bearer in thirty years,
bearing interest at six per cent, to be de.
livercd on the completion of the road TO
Knoxville, provided the road be com.
pleted ip three years. The Commissioners
| shall levy an annual tax TO pay the in.
terest. In return for tho bonds the own.
ers of the road shall give an equal
amoEntypf its stock qt par value, to be
represented By the Commissioners. In
towns the gonncil shall take the saine
action on the petition OF fifty real estate
o@aefs Section q provides that the two
sieas may, sibstend OF ,Subscribiag
bonds, subscribe an annual tax! not ex-
ceeaing ten mills, and for not Longer Chan
six Tears. :S Ft g s.bs s r So
IN section 8 tho State agrees K, Teiait
alGtazes except the school tag and pen
altieS;noWdne on the road, aud all taxes
except the school. tax for the next three
| years, provided tKe.wofkI b9 begun by tlie
1st Of January, 1881, and be completed in
thee years. r7 ~
Section 4 provides that on similar con-
ditiona the road be authorized to pay the
| county taxes due to Anderson and Oco.
nee, and oil to become due before the
completion of the work, excepting the
school tax in stock at par.
In section 8 the State pirdges its faith
fo "a remit all State, county AND municipal
! taxes except the school tax for twenty
years consecutively to any parties hegia-
| ning the construction of the road from
| The present terminus by the 3et Of Jann.
ary, 1881, and completing It to Knoxville
| within three years from that date. h;~
| Section 6 defines, "a ct,e &C the coudi.
tions Of The act, that the L.rties accept.
| ing its benefits shall huild the road from
| Walhalla in the direction of Clayton
Ca, and thence to Knoxville, Tenn, and
that when completed they shall never
discriminate against the interests OF any
of tiu ports of this State, or offer better
terms of height or passage to any other
ports, or enter into any, combination aitf
other roads within or without the State
by which they shall discriminate in favor
Of any other port oyer Charleston, and
any persons hereafter comipg into pos
! session of the road shall take It subject tc
the terms of This section. The persons
owning or operating said road shall no,
have right to make any discrimination
against Charleston either by rebates ol
special rates, nor in any other way, MOI
combine or pool with any other compa
nies'to do so.s ~
Section says That the State and coun
ties receiving stock shall not be liable ts
any assessment upon the same, nor be il
eny way responsible otherwise than il
loss Of stock. i,.r A
Section 8 authorizes putting as large
mortgage bonded debt as necessary on til
road, the State TO, be in no u Nayiisble, ex
cept as provided in this act. sl
The terms of the act, therefore, arr
liberal indeed. There is now an oppor
tunity for q combination of corporation
or capitalists, within orwitfoit the State
to lift the Blue Ridge Road outaof stiii
legal slough and push it forward to com
pletion, The State gives evidence of it.
earnest desir SECURE the completion Of
the sroad, ana of its Willingness 10 pay
literally for accomplished results. Thii
is the most that could be expected at tlli,
time.-Ne,cs and Courier. :.