1887_public laws_88_25
CHAPTER 87 An act to incorporate the Roanoke and Southern Railway Company. The General Assembly of North Carolina do enact:
To provide for the payment of said subscription made as provided in this act, the board of commissioners of the county in which is situated any township, city or town making such subscription, shall issue coupon bonds to the amount of the subscription so authorized, and said bonds shall upon their face indicate on account of what township, city or town they are issued, and the conditions upon which they are issued. Said bonds shall be in denominations of not less than fifty, nor more than one thousand dollars, and shall run for not exceeding forty years, and bear interest not exceeding six per centum per annum, payable annually or semi-annually, and payable at such time and place as the board of county commissioners may direct.