1869/70_public laws_39_4
CHAP TE Rs Xe Axe AN ACT TO BE ENTITLED AN ACT TO RESTORE THE CREDIT OF THE STATE AND TO FACILITATE THE CONSTRUCTION OF OUR UN- FINISHED RAILROADS.
It shall be further the duty of every president or other officer of a railroad as provided in section first of this act, and every such president or other officer is hereby required to return to the public treasurer, subject to the joint order of the governor and superintendent of public works as hereinafter prescribed, all bonds of the state which have been issued under any authority of law and which remain in the hands of any such president or other officer unsold or undisposed of ; or in case any such bonds have been sold or exchanged for money [or] other securities, the said president or other officer shall deposit in the public treasury such money, proceeds or securities, or so much thereof as he has not actually expended upon his road.