State of Arkansas vs. Little Rock, Mississippi River and Texas R'y Co.
"On motion of R. J. T. White, the board adjourned, to meet at the call of the president.
"POWELL CLAYTON, President.
"BENJ. THOMAS, Secretary."
Subsequently, to-wit: On the 25th day of June, 1870, upon the application of said company, said Board of Railroad Commissioners granted additional State aid to said company, to the extent of eight miles of the road, at the rate of $15,000 per mile; and again, on the 16th day of March, 1871, upon a similar application, said Board of Railroad Commissioners granted additional State aid to said company, to the extent of fifty additional miles of said road, at the rate of $15,000 per mile.
The amount of bonds issued by the State of Arkansas to the Little Rock, Pine Bluff and New Orleans Railroad Company, under the aforesaid act of July 21, 1868, with the dates and amounts of each respective issue, is as follows, to-wit:
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April 26, 1870
....................................................................................................................................................................................................................................................
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$150,000 |
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August 25, 1870
....................................................................................................................................................................................................................................................
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150,000 |
|
October 17, 1870
....................................................................................................................................................................................................................................................
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300,000 |
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January 17, 1871
....................................................................................................................................................................................................................................................
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150,000 |
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September 25, 1871
....................................................................................................................................................................................................................................................
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450,000 |
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Total issue
....................................................................................................................................................................................................................................................
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$1,200,000 |
The State of Arkansas has paid from time to time, between the 1st day of April, 1871, and the 1st day of October, 1872, to the holders of the bonds issued in aid of the Little Rock, Pine Bluff and New Orleans Railroad Company, the sum of $108,570 as interest upon said bonds, to recover which said sum of money so paid, with interest thereon, this action is brought against the present defendant corporation.
