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To make disposition of certain Rail Road Iron
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| Whereas in furtherance of a contract
between Charles Moran, Daniel E. Moran and Theodore T. Moran
constituting the firm of Moran Brothers alien enemies residing
in the City and the State of New York and the Eastern Texas Rail Road
Company a large quantity of Rail Road Iron has been received by the
said company and laid on said Road, and another large quantity is on
deposit in Galveston in furtherance of said contract, and whereas the
loan by the State of Texas to said Road of six thousand dollars per
mile in United States five per cent Texas Indemnity Bonds is
sufficient for the payment for the Iron, and was to have been received
by Moran Brothers in such payment but the parties by the existing war
are disabled from completing the contract. |
| The Congress of the Confederate States do
enact |
| That for the iron laid on the said Road
the Secretary of the Treasury shall receive on special deposit from
said company ort the authorities of the State of Texas, the said
United States Bonds sufficient in amount to pay for the said iron,
and, the said company on payment of lawful duty and charges is
authorized to take possession of the iron deposited in Galveston on
giving Bond to the Secretary of the Treasury to respond for the
payment of said iron and when the same is laid on the road, and the
said United States Bonds are issued by the State to said Company or
the Secretary of the Treasury then the Secretary of the Treasury is
authorized to receive the said Bonds sufficient in amount for the
payment for said iron on special deposit. |
| Sect 2 The liability of the said company
to Moran Brothers shall until otherwise provided for be suspended
during the existence of the war, and on the said company complying
with the terms of this Law, the said iron shall be exempt from the
operations of the act for the sequestration of the estates property
and effects of Alien enemies, But nothing in this Act shall be
construed as to imply any liability by the Confederate States to Moran
Brothers or that they have assumed or are subject to any such
liability by virtue of any thing contained in said Act or any
liability for amount of said Bonds |
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