Chap. 1.—An ACT authorizing the Dismal Swamp Canal Company to
issue eight per cent. bonds.

Passed December 6, 1866.

L Be it enacted by the general assembly, That it may and
shall be lawful for the Dismal swamp canal company to issue
coupon bonds, bearing interest at the rate of eight per cen-
tum per annum; the principal to be paid at such time and
place as may be deemed by the company most expedient,
and the interest to be paid semi-annually at such place as may
be determined on for the payment of the principal of such
bonds: provided that the whole amount of bonds, which
shall be issued under this act, shall not exceed the sum of
two hundred thousand dollars.

2. Be it further enacted, That the said company be and
they are hereby authorized to sell and dispose of the bonds
‘autiforized by this act, insuch mode and on such terms as
they may deem advisable, and to give such security for the
pynctual payment of the said bonds as they may deem ex-
pedient.

3. This act shall be in force from and after the confirma-
tion of the same by the legislature of North Carolina.