| Know all men by these presents, that the
Richmond & Danville Railroad Company are held and firmly commit unto
the Confederate States of America in the sum of one hundred and
forty nine thousand Dollars, to be paid to the said Confederate
States of America or their assigns, to which payment well and truly
to be made, the said Richmond & Danville Railroad Company bind
themselves, their successors and assigns, firmly by these Presents:
Witness the signature of L. E. Harvie, President of the said
Richmond & Danville Railroad Company and the corporate seal of the
said Company hereto a?? by him, (he being duly authorised thereto by
a resolution of the Board of Directors,) on this seventh day of May
in the year 1862. |
| The condition of the above obligation is
such: That, Whereas the said Confederate States of America have
agreed to advance to the said Richmond & Danville Railroad Company
the sum of $75,000 -- and have advanced, as part thereof, the sum of
Seventy four thousand five hundred Dollars, for the purpose of
enabling the said Company to pay the first instalment on 14900
shares subscribed for by the said Company to the Capital Stock of
the "Piedmont Railroad Company," incorporated by an Ordinance of the
Convention of the State of North Carolina, ordained on the Eighth
day of February 1862, (the whole of the said sum of $75,000 not
being required by the said Richmond & Danville Railroad Company for
the purpose aforesaid, but only the said sum of $74,500 being
required,) the sum so advanced to be a part of the loan agreed to be
made hereafter by the said Confederate States of America to the said
Richmond & Danville Railroad Company, as stipulated in the said
agreement, without interest, as therein provided, at least until the
said Piedmont Railroad is completed and in operation, in accordance
with the said Agreement; Now, therefore, if the said Richmond &
Danville Railroad Company shall well & truly apply the said sum of
$74,500 to the payment of the first instalment on the subscription
aforesaid, and shall also take the loan aforesaid of the said
Confederate States of America, including therein the said sum of
$74,500, and shall execute, for such loan, the obligations and
securities required by the said agreement, and as therein stipulated
and provided for, then the above obligation to be void, else to
remain in full force and virtue. |
| Lewis E Harris President of the Richmond & Danville
Rail Road Company |
|