Chapter CIX. to provide for the Collection of Debts due from southern Railroad Corporations, and for other Purposes
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CHAP. CIX.— An Act to provide for the Collection of Debts due from southern Railroad Corporations, and for other Purposes.March 3, 1871. Whereas certain suits are now pending in the United States courtsPreamble. within the State of Tennessee, against certain railroad corporations in that State, on account of property sold to said corporations by the government, which suits are contested by the defendant corporations; and whereas it is for the interest of the government to speedily adjust and collect the claims of the United States while avoiding litigation and loss by the insolvency of any such railroad:
Therefore, *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the Secretary of War be,Secretary of War may compromise suits against railroad corporations in Tennessee. and is hereby, authorized and required, if he shall deem it advisable, by and with the advice of the counsel of record in such suits for the United States, and Attorney-General of the United States, to compromise, adjust, and settle the same upon such terms as to amount and time of payment as may be just and equitable, and best calculated to protect the interests of the government.
Approved, March 3, 1871.