Unfortunately, the only record of the 47th Arkansas Mounted Infantry (aka 47th Arkansas Cavalry), apart from a few POW records, is the list of men paroled at the end of the war, mostly at Jacksonport, Arkansas, on June 5, 1865. Charles F. Lay was paroled as a third lieutenant (aka junior second lieutenant) in Company I. His age was listed as 20, born in Arkansas.
He applied for a Confederate pension from Van Buren County in 1916, which was approved on August 12, 1916 (Pension File No. 24498). He died in 1927.
There was another man named Charles Lay (no middle initial) who served in the 8th Arkansas Infantry. This man was born c1835.