81 . Stock or First Mortgage Bonds to be given by Company:
— Before any company shall receive any bonds so issued for
such stock said company shall deliver to the treasurer of such
county, township or city, stock in said road equal in amount
with the bonds issued. Before any such bonds in the nature
of a loan shall be delivered to it, the company shall
execute and deliver to the proper treasurer first mortgage
bond on such portions of its road-bed and property as may be
specified in the proposition voted upon, which mortgage bond



2l8 KANSAS — RAILROAD AID AND OTHER BONDS.
shall be for the same time and rate as, and equal in amount,
less twenty per cent, with the bonds of such county, township
or city.
