in said county, of the holding of said court as provided in section one of this act.

SEC. 3. That all writs, process and proceedings returnable to any other time, shall be returnable to the time fixed by this act.

SEC. 4. That all laws and parts of laws in conflict with this act be and the same are hereby repealed, and this act shall take effect and be in force from and after its passage. Approved November 16th, 1875.

No. XIII.

AN ACT to Change the Time of Holding the Circuit Courts in certain coun-ties in the Fourth Judicial Circuit in the State of Arkansas.

SECTION

1. Prescribes the time for holding the circuit courts in the counties of Newton, Searcy, Marion and Boone, in the Fourth Judicial district.

2. Provides for the return of process, etc.

3. Conflicting laws repealed, and when this act to take effect.

Be it enacted by the General Assembly of the State of Arkansas: SECTION 1. That circuit courts for the following counties: in the fourth judicial circuit of the State of Arkansas, shall be begun and held as follows, viz:

In the county of Newton, on the first Monday in Febru-ary and August in each year.

In the county of Searcy, on the second Monday in February and August in each year.

In the county of Marion, on the third Monday in February and August in each year.

In the county of Boone, on the second Monday after the third Monday in February and August in each year; and in all the other counties in said circuit at the time now prescribed by law.

SEC. 2. That all writs, process and proceedings returnable

to any other term shall be returnable to the term as fixed by this act.

SEC. 3. That all laws and parts of laws in conflict with this act be and the same are hereby repealed, and that the act take effect from and after its passage. Approved November 16th, 1875.

No. XIV.

AN ACT to be entitled "An Act to Authorize the State Board of Finance to Borrow Money to Pay the Expenses of the State Government, and to Pledge the Bonds of the State as Security."

SECTION

1. Authorizes the State Board of Finance to borrow money for certain purposes.

2.

How interest and principal so borrowed to be paid.

3. When this act to take effect.

Be it enacted by the General Assembly of the State of Arkansas : SECTION 1. The State board of finance is authorized to borrow money from time to time to pay the expenses of the State government; and the Governor and the Secretary of State are authorized to execute in the name of the State, and the said board of finance is authorized to countersign and deliver, promissory notes of said State, or other instruments in writing, as evidence of the indebtedness so incurred. The faith and credit of the State are pledged to the payment of said obligations. Further, to secure the payment of said obligations, the said board is empowered to pledge the bonds of the State which were authorized to be issued by an act entitled "An act to provide means for paying the expenses of the State government, and to retire the outstanding Auditor's warrants and Treasurer's certificates," approved December twenty-third (23d), one thousand eight hundred and seventy

four (1874). That upon default of payment of the principal sum or interest on said obligations, as the same may become due, a sufficient amount or number of said bonds so hypothecated to pay off the interest or principal sum then due, may be sold at public sale, at the city of New York, or the city of Little Rock, after having given at least thirty (30) days' notice of the time and place of sale to said board of finance; said notice shall be given, by public advertisement, in at least one of the leading papers published in the city of Little Rock; and for this purpose said bonds may be executed by the proper officers in the same manner as if a contract of sale had been made therefor; provided, that such bonds shall not be pledged at a rate less than one-half their par value, and that no more than five hundred (500) of said bonds shall be pledged in any one year; and said board shall not pay a greater interest on the sum borrowed than ten (10) per centum per annum.

SEC. 2. That a sufficient sum, not exceeding twenty-five thousand ($25,000) dollars per annum for two (2) years, is hereby appropriated out of the fund collected to pay the interest on the public debt, to pay the interest accruing on the money borrowed as authorized in this act. That a sufficient. sum, not to exceed two hundred and fifty thousand ($250,000) dollars per annum for two (2) years, is hereby appropriated out of the general revenue fund to pay the principal of said money borrowed as aforesaid, when the same becomes due. That if, when said money becomes due, there should not be sufficient money in the treasury belonging to the general revenue fund to pay the same, the State board of finance is authorized and directed to deposit in the State treasury, to the credit of the interest fund, such number of the bonds authorized to be issued by the said act of the General Assembly approved December twenty-third (23d), one thousand eight hundred and seventy-four (1874), as may be necessary to procure money to pay the amount due on the money borrowed under the provisions of this act. That upon receiving

said bonds from said board of finance, the Treasurer shall place them to the credit of the fund to pay the interest on the public debt, and take from said fund the amount of such bonds so deposited, and apply the same to the payment of the amount due for the money borrowed; provided, that any and all interest collected on the bonds hypothecated by the holders thereof shall be applied, first, to the payment of the interest on the sum borrowed by the board of finance; and second, to the payment of the principal of said sum. The interest accruing on the bonds so deposited shall be paid into the treasury to the credit of the interest fund, until the bonds are redeemed by the replacing the amount.

SEC. 3. This act shall take effect and be in force from and after its passage.

Approved November 16th, 1875.

No. XV.

AN ACT to be entitled "An Act for the Relief of the Securities of John P.. Bull, as Sheriff and Collector of Taxes in the County of Hempstead.

SECTION

1. Releases John P. Bull and his bondsmen from all penalties and forfeitures to the State as sheriff and collector of Hempstead county for the years 1872 and 1873.

2. When this act to take effect.

WHEREAS, It appears that the securities of John P. Bull, as sheriff and ex-officio collector of taxes in the county of Hempstead for the years A. D. one thousand eight hundred and seventy-two (1872) and one thousand eight hundred and seventy-three (1873) have fully and promptly paid to the State all deficiencies in his account except penalties and for

STATE BOARDS ELECTION SUPERVISORS-RECORDS, ETC., OF. 17

feitures, at the earliest convenient period after said deficiency had been ascertained; therefore,

Be it enacted by the General Assembly of the State of Arkansas: SECTION 1. That all penalties and forfeitures to the State incurred upon the bond of John P. Bull, as sheriff and collector of taxes in the county of Hempstead, for the years A. D. one thousand eight hundred and seventy-two (1872) and one thousand eight hundred and seventy-three (1873), be, and the same are hereby remitted and released.

SEC. 2. That this act be in force from and after its passage. Approved November 16th, 1875.

No. XVI.

AN ACT to Authorize the State Boards of Election Supervisors to Deposit

the Records and Papers of Elections in the office of the Secretary of State, and to fix their Compensation.

SECTION

1. Requires the State Boards of Election Supervisors to deposit with the Secretary of State the records and original returns, and other official papers pertaining to the elections held in this State on the 30th day of June and the 13th day of October, 1874.

2. Fixes the compensation to be allowed the State Supervisors for the election held on the 13th day of October, and how the same is to be paid. 3 When this act to take effect.

SECTION 1. Be it enacted by the General Assembly of the State of Arkansas, That the State boards of election supervisors, created by the provisions of the sixth (6th) section of the act entitled "An act providing for a convention of the people of the State of Arkansas, to frame a new constitution," ap(proved eighteenth (18th) May, one thousand eight hundred and seventy-four (1874), and by the provisions of the seventh 7th) section of the schedule to the constitution recently framed for this State, be, and they are hereby authorized and