Year: 1871

and collect, or canse to be levied and collec-
ted, . tax upon the real and personal prop.
erty of the said parish, town or village suffi-
cient to realize the amount Of their subScrip-
ton to the stock or purchase Of the bonds of
the said company.


SEC Is. Be it further enacted, etc, Tha:
whenever and as often as five or more con-
secntive miles Of single track roadbed OF
said Arkansas and Delta railroad shall have
been graded, furnished with ncedful bridges
and culverts, and fully prepared for the
superstructure, and the same shall have
been certified in writing by the president of
said Board of Directors or other authorized
agent of said company TO the Governor of
the State of Louisiana, it shall be the duty
of the Governor of the State of Louisiana
to cause the work so done and certified, to
be inspected by competent person appoin-
ted by the Governor for the purpose, who
shall, without delay, make report to the
Governor in writing as to the extent and
character OF said work; and if on such in
spection and report it shall appear that said
work has been done in good and sufficient
manner, then, and in that event, the Gov
ernor shall cause to be executed and deliv-
cred to said company the bonds Of the State
of Louisiana to the amount of seven thou
sand five hundred dollars for each and every
mile of said roadbed which shall so appear
to be graded and prepared; and whenever,
and as often as five or more consecutive
miles of said railway shall be fully compile
ted, having the crossties and iron rails we'll
and properly laid, and the same shall have
been duly certified in writing by the presi-
dent of the Board of Directors or other au-
thorized agent of said company, to the Gov.
ernor of the State of Louisiana, it shall be
the duty Of the Governor of the State of
Louisiana to cause said track, so certified to
him. to be inspected by competent person
appointed for the purpose, who shall, with
out delay, make report in writing as to the
character and extent of such track, and if.
on such inspection, the same shall appear to
have been we'll and properly done, then and in
that event the Governor shall cause to be exc.
cuted and delivered to said railway company
the bondsef the State of Louisiana to the
amount OF seven thousand five hundred dol
lars for each and every mile of track which
shall so appear to be laid and completed
and the Governor of the State of Louisiana
is authorized and directed to proceed in like
manner and cause to be executed and de
livered to said company, on such certificate,
inspection and report, like amount of such
bonds, that Is to say, seventy five hundred
dollars for every mile of single track roadbed
that shall be so graded and prepared for the
superstructure, and a like amount Of such
bonds, that is to say, seventy.fve hundred
dollars for every mile Of track that shall be
SO laid, until ths SAID railway shall be en-
tirely finished; provided, that before any
such bonds shall be so executed and deliv-
cred, the said Arkansas and Delta Railroad
Com pany, by its president, Or other duly
authorized agent, shall execute and deliver
to the Governor Of the State of Louisiana
mortgage having the force and effect of a
second mortgage upon all the railroads,
franchises, appurtenances, rolling stock and
other property and effects, whether real or
personal, or whether in possession or to be
acquired, Of said Arkansas and Delta Rail
road Company, the condition of such mort
gage to be that said Arkansas and Delta
Railroad Company shall pay, or cause to be
paid, all Of the said bonds and the interest
thereon as the same shall become due and
payable.


SEC. Is. Be it further enacted, etc., That
the bonds, so to be issued, shall be cou-
pom bonds in the name of the State of
Louisiana, to the order of the president of
the Arkansas and Delta Railroad Company,
signed by the Governor of said State, and
countersigned by the Secretary of State,
Auditor Of Public Accounts and Treasurer
of the State of Louisiana, and under the
seal of the State Of Louisiana, payable in
forty years after the debt thereof and bear
ing interest at the rate of eight per cent
per annum Said bonds shall be in the
following form, to wit:


UNITED STATES OF AMERIcA,l


State of Louisiana,


$1,000. No. -.


Know all men, by these presents, that
the State of Louisiana acknowledges to be
indebted to the president of the Arkansas
and Delta Railroad Company in the sum of
one thousand dollars, which sum the State
Of Louisiana promises to pay in current
money of the United States to the order
of the president of the Arkansas and Delta
Railroad Company, in forty years from the
date hereof, and also to pay the expiring
coupons or interest, semi-annually, at
eight per centum per annum, at the office
of the Treasurer of the State of Louisiana,
and at such place in the city of New York
as the president of the Arkansas and Delta
Railroad Company shall designate, on the
first day of January and July of each year,
upon the delivery of the interest warrant
or coupon in the margin hereof, until the
payment Of the principal sum, transferable
by Endorsement. In testimony whereof
the Governor of the State of Louisiana has
signed these presents, and the Treasurer
of the State, the Auditor of Public Ac-
counts and the Secretary of State have
countersignei the same, and the seal of the
State is hercunto affixed.


Done at New OIeans this -- day
in the year of our Lord one thousand eight
hundred and sixty -nine


--, Governor.
Countersigned:


-, State Treasurer,