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An Act to distribute the proceeds of the 500,000 acres of land donated to the State of Arkansas, for Internal Improvements. 1848-1849 43 (1848)

handle is hein.slavery/ssactsar0076 and id is 1 raw text is: 43 same is hereby attached to, and made a part of the county of Prairie. Sc. 2. That this act shall take efifct and be in force from and -after its passage. M. W. IZA1lD, Speakerpro tem. of the lHou-se of Reprsenfatives. R. C. BYRD, 1resident of the Sen ate. Approved, D)ec. 30, 1848. THOS. S. DREW. An act to distribute the proceeds of the 500,000 acres of land donated to the State of Arkansas, for Internal Improvements. SECTION. . Divides the proceeds of the 500,000 acre donation equally among the several counties. 2. First distribution to be made on the 1st Monday of July, 1849, and every six months thereafter until the fund is exhausted. 3. On the first Monday of May, 1849, and every two years thereafter, five commissioners to be elected by each county as a board of internal im- provement for the county. 4. In case of a vacancy 1n the office of .commissioner, the -presiding judge of the county court to order an election to fill such vacancy. 5, Commissioners to hold office for two years. 3. For disbursing money, or entering into contracts, four commissioners must be present, and a majority consent, but in other cases a major- ity of the commissioners shall con- stitute a board. 7. Board of commissioners to elect a treasurer, who shall take an oath and give bond for the faithful dis- charge of his duties. S. Board of commissioners to elect a president; in absence of the presi- dent, treasurer to act as president pro tem. 9. Board of commissioners incorporated for all purposes of this act. SECTION - 10. Board of commissioners to elect a secretary, whose books and minutes shall be open for inspection to all persons. 11. Said commissioners may purchase slaves, or other property, and may sell the same, provided, that the money arising from the sale of such property be paid ifito the treasury of the board. 12. Commissioners shall not loan the funds of the board for a less interest than six nor more than ten per cent. or for a longer time than one year, and to take bond and security for the payment of the same. 13. The funds loaned to be Collected when due, with the interest, and the prin. cipal may be reloaned. 14. Board to determine the objects of im- provement, and to commence and complete the same, prouided that no neighborhood improvement shall be made. 15. Boards of commissioners of several counties may form their counties into a district, and unite their funds for such, improvement as they may agree upon. - 16. To effect such union of funds, the sev- eral boards shall meet ih conven- tion, and decide upon the work to be done; and shall elect a district board, and said district board shall

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