| From the State Gazette (Austin, Tex.) |
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| November 30, 1864 |
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| An Act to authorize Rail Road Companies to discharge
their indebtedness to the special school fund with the treasury
warrants and bonds of the State. |
| Section 1. Be it enacted by the
Legislature of the State of Texas, That the rail road companies of
this State, that are indebted to the Special School Fund, shall
continue to be allowed the privilege of paying the interest due said
Fund in the Treasury warrants and Bonds and coupons of the State; and
may also discharge the whole or any part of the principal of their indebtedness
to that fund, (in the same manner,) provided such rail road companies
shall satisfy the Comptroller that the treasury warrants and bonds and
coupons of the State are received by them at par with Specie for
freight and passenger travel. |
| Sec. 2d. That all treasury warrants and
bonds and coupons of the State, so received into the State treasury,
shall be cancelled, and the Comptroller shall issue the bonds and
coupons of the State, bearing six per cent interest, to the Special
School Fund for the amounts so paid in; and this act to take effect
from its passage. |
| Approved, Nov. 15th, 1864 |
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