Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1880-03-18
An Act to Facilitate the Compile
tion of the Blue Ridge
Railroad.


Railroad.
SECTION l. Be it enacted by the Senate
and House of Representatives of tho State
Of South Carolina, now met and sitting in
General Assembly, and by the authority Of
tho same:
That for tho purpose of assisting the
completion Of tho Bluo Ridge Railroad the
counties Of Anderson and Oconoc, and tho
towns therein, in this State, are hereby au-
thorzcd and empowered to subscribe such
sums payable in County or town bonds,
at thoir par value, to tho present owners, or
any person or persons who may become the
owners of tho said railroad, and not to
exceed in amount five per oentum of the
assessed value of tho taxable property in
such County, city or town. In order to
mako such subscriptions, the County Com
missoners Of said Counties are hereby re-
quired, when petitioned in writing by five
hundred owners of real estate in such
county, to submit the question of T'subscrip
ton" Or or mo subscription" to tho qualified
voters thereof, after advertising the time
and places of such election and managers
thereof fer at least thirty days before the
day OF election, for sum to be specified in
tie said petition and advertisement. The
returns ofsaid election shall be made within
three days to the County Commissioners at
the Court House, and they shall tabulatc
the. same by precincts; and if majority Of
the qualified voters of such County voting
in said election vote in favor of "subscrip-
ton" the said County Commissioners shall
so declare, and thcrcupon it shall be their
duty, in writing, 10 contract with tho
owner or owners Of said Blue Ridge Rail
road to issue to them or their successors or
assigns bonds of such County, of dcnomi-
nations of not less than one hundred dollars,
in the sum fixed as aforesaid, payable to
bearer thirty years after the date thereof to
DO delivered to them upon The completion
of the said road to Knoxville, in the State
of Tennessee, and to bear interest, payable
scmi-anIually, at the ratc Of six per ccntum
per aunum: Provided, Tho said road shall
be completed within threo years FROM the
passage of this Act. When tho foregoing
condition shall have been complied with i;
shall be the duty of tho County Commis4
sioncrs of such County to issue the bonds
as agreed to, and annually levy and cause
to be collected sufficient tnx to pay tho
interest due upon such bonded debt, which
shall be dcnominattd upon the County
Trcasuror'e books "Blue Ridge Railroad
Tax" and paid out by him for the coupons
of said bonds as rapidly as they fail due
and arc presented for payment He shall
mark or stamp each coupon paid, and turn
tho samo over to tho County Commissioners
as his vouchers in settling his accounts with
them, and take receipts therefor, and said
Commissioners shall keep tho said coupons
among the claims paid by such County.
In return for such bonds the said person or
company of persons who may own said
Blue Ridge Rairoad shall issue to such
County stock in such company, ut it's par
value, equal in amount to the sum SUBJ
scribed in bonds by the County, and such
stock may be represented from timo to
time by the said County Commissioners or
persons appointed by them. In said towns
the municipal council thereof sail, upon
petition Of fifty real estate owners, proceed
in like manner and under the same condi-
tions as above required of County Commits
sioners, except that auch municipal taxes
sholl be collected and paid out by the
Town Treasurer under the tax regulations
thereof, and not by tho County Treasurer.
SEC. g. The Counties of Anderson and
Oconeo, or any town therein, instead of sub
soribing bonds in aid of said railroad may
upon the samo conditions and in like man.
ner subscribe an annual tax upon the taxa
BILE property thereof not to exceed tax Of
ten mills per annum and not to run for a
longer period than six years.
SEC. 3. Tho State Of South Carolina
hereby agrees to remit tho taxes, not in
Guiding tho school tax, and all penalties
now duo upon tho property of tho Blue
Ridge Railroad company and such as may
become duo during the next threo years:
Provided, That tho work on tho said road
be begun on or before the 1st day of Janu.
ary, 1881, and that it be completed within
three years.
SEo+4. That tho said company is heroby
authorized to pay off the sum duo for
County taxes in Anderson and Ocoucc
Counties, as we'll as such as may become
due before tho completion of the road, not
including the school tax, in stock of said
railroad at par: Provided, That tho road be
begun OF tho time aforesaid and be COM
plotod within the period aforesaid.
SEQ. 8, Tho State of South Carolina
hereby pledges her faith that all taxes for
State Nount,, or N,un;o;no1 ,,,rpounu aov