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Proceedings and Acts of the General Assembly, 1876
Volume 199, Page 707   View tiff image (44K)
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JOINT RESOLUTIONS.

707

WHEREAS, By section five (5) of said act of eighteen

 

hundred and thirty, chapter one hundred and fifty-

Preamble.

eight, it is expressly provided that nothing in said

 

act contained shall be so construed to preclude

 

the Legislature of this State from the imposition

 

of such taxes as shall be reasonable and just, in

 

accordance with the burthens imposed on other

 

real or personal property; and

 

WHEREAS, The supplement to said act, passed at

 

December session, eighteen hundred and thirty-

Preamble.

two, chapter one hundred and seventy-five, and as

 

well as the beforenamed act, accepted by said com-

 

pany expressly declares that the whole amount of

 

stock subscribed for the construction of said Wash-

 

ington Branch Railroad shall be considered as a

 

separate and distinct stock forever; and

 

WHEREAS, It is the sense of this General Assembly,

 

in view of the provisions referred to, that nothing

Preamble

in the act incorporating said company, or in any

 

of its supplements, which may have been or might

 

be in the future, construed as exempting from

 

taxation the capital stock of said company, can or

 

ought to apply to said Washington Branch Rail-

 

road, or any of the works connected therewith, or

 

any part of the capital of said road, as defined in

 

section five of the acts passed at December session,

 

eighteen hundred and thirty-one, chapter three

 

hundred and thirty, and section three of the act

 

passed at December session, eighteen hundred and

 

thirty-two, chapter one hundred and seventy-five ;

 

and

 

WHEREAS, Through a misapprehension of the rights

Preamble.

of the State in the premises, the property, real

 

and personal, of said Washington Branch Rail-

 


 
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Proceedings and Acts of the General Assembly, 1876
Volume 199, Page 707   View tiff image (44K)
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