Rensselaer Union, Volume 5, Number 32, Rensselaer, Jasper County, 1 May 1873 — The New Railroad Law. [ARTICLE]

The New Railroad Law.

An act supplemental to “An. act to authorize aid to the construction of railroads- liy connties and-town3hips taking stock in and making donations to railroad companies,” approved May 12th, 1869. Section 1. Be it enacted by the General Assembly of the State of Indiana, j That no tax shall be placed upon the ; duplicate of any county for the pur--1 pose of taking stock or making donaI tioiis to railroad companies by any i county or-township, pursuant to the ! provisions of an Act entitled “An Act | to authorize aid to tiio construction of ■ railroads by counties and townships taking stock in and making donations , to railroad companies,” approved May | 12th, ISGO, until Snell railroad shall | have been permanently located in the j county or township making the dona- ; tion-or-taking the stock. ! Section 2. In all cases where stock , lias been taken, or donations made by 1 any county or township for the purpose of aiding in the construction of any railroad pursuant to the above entitled Act, and the special tax authorized thereby has been placed upon the duplicate of the proper county for collection, the Auditor and Treas- ! urer of such county shall suspend the collection of such tax, but the same shall be carried forward on the duplicate without being returned delinquent, until such railroad is permanently located in said county or township, and lias expended an amount of money in the actual construction of sanl ru,ilmad in said county or township to the amount of money to be donated to, or stock to be taken in said railroad company by said county or township; and if said railroad company Shallnot within three years after said tax lias been placed upon the duplicate of the proper county for collection, have expended in the act,jial construction of said railroad, in said county or township, an amount of money equal to the amount of money to be dohated to, or stock to be taken in said railroad company by said county or township, the Board of Commissioners may, in their discretion, make an mulcr annulling and Cancelling sueli subscriptions of stock, or donations of money, upon the applieation of twenty-five free-holders of the county through which said railroad shall pass, upon said freeholders having given thirty days public notice immediately preceding the term of the Commissioners’ Court at which said application is to be made, of their intention to make such application; Provided further, that whenever it is shown to the satisfaction of the Board of Commissioners, that the amount of work done by any railroad company in any county or township taking stock jny or donating to, such railroad company, is equal to the stock.takeu or donation made, it shall be the duty of the Board of Commissioners to order said tax to be collected at once, as though the same had never been suspended. •Section 3. Whereas, an emergency exists for the immediate taking effect of this Act, the same shall be in force from and after its passage. Approved January 30tli, 1573.