purchase of the iron now being removed, which is as follows:-"The SoCa R. R. Co will agree to purchase the Rails, Spikes, + Chains which the Charleston + Savannah R. Road may desire to sell, at their value in 1860 or say $55 per ton as reasonable allowance being made for the near of the rails. And in payment thereof will give their Bonds to be made due, within such period, after the lapse of 12 months, after the termination of the War, as may be agreed upon, say two, three, or --- more years-Or they will give back an equivalent amt of rails at any time after the lapse of 12 mos as aforesaid. Interest at the rate of 7% to be paid semi-annually on the value of the iron until returned"Mr Furman then offered the following resolutions which were adopted:-"Resolved, that it is expedient to sell our iron to the SoCa Railroad Co""Resolved, that the arrangement for the sale be based on the return of the Iron after the War."Also, on motion it was referred to the President to close the contract with the SoCa R.R.Co.The Board then adjournedWm H. SwintonSec
