Page:State v. Little Rock, Mississippi River and Texas Railway.pdf/5

. 31] approved July 21, 1868, and ratified, after being submitted, by the people at a general election held November 3, 1868 (in accordance with section 6, Art. x, of the Constitution of the State), and, being satisfied that the construction of said line of railroad will be a public benefit, the application of said company for a loan of the State credit, to the amount of $15,000 per mile, for a distance of one hundred and twelve miles, is hereby approved, and said loan of the State credit is pledged and granted to said railroad company, and said railroad company shall be entitled to, and have a right to ask for, demand and receive the bonds of the State, hereinbefore declared to be pledged and granted, after complying with and fulfilling the terms and conditions of the above-named act.

"P C, "R J. T. W, "B. T, "Board of Railroad Commissioners."

The following is an extract from the proceedings of said Board of Railroad Commissioners, upon application of said company, to-wit:

"E O, "L R, March 15, 1869.

"Board of Railroad Commissioners met at the call of the president—all the members present.

"Commissioner Benjamin Thomas moved to take up the application of the Little Rock, Pine Bluff and New Orleans Railroad Company for State aid, which motion was adopted, and, after due consideration, the board consented to approve and grant said application for State aid, and for that portion of the road which lies between Pine Bluff and the State line, commencing at Pine Bluff and running southeasterly with the line of the road toward the State line, one hundred and twelve miles.