The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1882-11-08
STATE OF MISSISSIPPI,
Kinds County.

STATE OF MISSISSIPPI,
Kinds County.
This agreement, made and entered
into ON this the twenty-ffth day of Octo-
ber, A. d. 1882, by and between David
G. McRae, VIM. H. Chichester and
Nicholas B. Smith, a majority of the
Board of Supervisors of said county, for
and in behalf of the county of Kinds,
and Eugene &. Gordon, of the State of
Alabama, for himself and associates
Witnesseth, That for and in consideration
of the sum of one dollar in hand paid
by the said E. c. Gordon, the receipt
whereof is hereby acknowledged, and for
the further sum of one hundred thous-
and dollars hereafter to be paid on the
conditions hereafter set forth, the un-
dersigned Board of Supervisors of Kinds
county, Mississippi, do bargain and sell
to the said Eugune c. Gordon, all the
capital stock, namely, two hundred
thousand dollars, par value, in the
Natchez, Jackson Il Columbus Railroad
Company, a corporation chartered under
the laws of Mississippi, with line of
railroad at present built and in operation
from the city of Natchez to the city of
jackson in said State. Now the further
consideration of this contract and agree
ment are such that, if during the session
of the Legislature of the State, to con-
vene in the early part of the year A. d.
1884, the said county shall secure the
passage of an act by said Legislature
authorizing the said county to sell the
said stock in the said railroad company,
and the same shall become law, and if
in the meantime the said Gordon
shall acquire by purchase the capital
stock in said railroad company now own
ed and held by the county of Adams in
this State, then the said Gordon binds
himself to pay the said county of Kinds
one hundred thousand dollars for the
said two hundred thousand dollars (par
value) of said railroad stock above re-
ferred to, within fifteen days after the
approval of the said enactment, by the
governor of the State. The county of
Kinds furthermore agrees to use diligent
effort to secure the passage and execu-
tive approval of such enabling act as
above referred to. 1t is further agreed
that if said Gordon does not secure by
purchase the capital stock owned by
Adams county above referred to, he will
have the option of taking and paying
for the capital stock of Kinds county,
or of declining to take and pay for same,
as he may elect. 1t is furthermore
agreed that the capital stock above re-
ferred to is to. be transferred on the books
of said railroad company, and the GER
tifeates of stock to be also assigned to
the said Gordon, or to his order,
simultaneously with his payment of the
consideration of one hundred thousand
dollars above referred to. 1t is further
more agreed that during the time of the
continuance of this contract in force,
the said Eugene C. Gordon shall be
appointed and is hereby appointed by
the Board of Supervisors of said county
OF Kinds, to vote the said stock of said
company, at meetings of stockholders
of said company, and to otherwise exer-
else the privileges of said county in the
management of said company's affairs, as
if exercised by the Borrd Of Super
visors. EUGENE G. GoRDoS,
ID. G. McRAE,
w. III. CHICHEsTER,
n. B. SMITH.