The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1851-02-15
The Central Rail Road hin,

The Central Rail Road Bill.
We have before US a copy Of this bill, but ow
ing to its great length, We unable to print it
in full. but we give the substance Of it below
which We copy from the Chicago Tribune;
: In the bill as il passed grants 10 the company
the hsds donated by Congress night Of way
belonging % the Statc-tho depot lot IN Care
all property belonging to the state, connected
with the road and right ut way through all lands
Of tho STATE. \ certificate OF the organization Of
the company Is to be presented 70 tho Governor
showing that the charter - accepted, that one
million of stock i, subscribed and twenty per cent
maid in The cupany, also To- deposit 100000
OF m,crr.t-payiu state TdcbteIusss-"rS200,
600 IN cash or L. = stock, IN the state treasury,
to be- returned when fifty mile of tho road are
made The Governor to decd the property
lands, Ic. to the company, at the same trmc ma
kim, deed of trust 10 trustees, to Oc named tn
the bill OF all the road and real estate, a. gen
erll security Tor compliance, on the part Of the
company with the law of Congress, iur the com
p,cton Of the road according 60 the charter, and
the fall Indemnity Of the state tur NIL loss or II
ability 90 grow out of the non mompance by the
company with lhc charter, aud il /, provided that
Il hf,y mile, Of road IS mot completed in two
year, tho whole amount dcpos.,cd"ith the treas,
urrr is To be absolutely forfeited To the State
"'Ihe route Of tho main track Is fixed centrally.
by requiring it 70 run not more than five miles
from the y, l.. corner Of - north Of range
f. OF 81 principal marIdian. nor to diverge at
any place more than II mile from u shrash! line
between tho two terminating points. a branch
hy Galena 10 Dubuque another 10 Chicago diver.
sins not north Of agl degrees The Central track
i, 70 be completed IN four wears, AMI the branch
lr -fN finn tlts FI,,T, ft h.
uusL
"One fourth Of the lands 10 be exempt from the
operation Of the deed u trust to be- sold to meet
c.uIu' Nycu-g, construction. dc, but not to be
,u.i br..l tadu mnu,N 0, expended nn tn road
o.. iar faith %. .ur remaining three uurihs, the
i.ut MAY ,'rar unuIr. NuA raI>r money 10
complete t,- .uta-lhr remembrance created by
,aa -,vo subject To the prior hen Il the state
Oa conn citing each GIy miles Il the road the
trustee. may sell the euyumbrrcd Lands adjacent
thereto for cash " bonds, ON which the lucumL
rance created by the bonds, on tract. suld shall
cease, aud .hp trustee, shall cancel and return 10
Iho company bond. equal TO the amour, of tho
sale
After the completion IT the road and it, bran
chcs The company to pay into the treasury II the
STATE sem annually n'c per cent. Of the grus,
proceed of the entire road The property VI the
tpuI 'tuN IS 10 br subject 70 taxation. W hen the
htaIe taxes exceed tAros !ourths OF one per cent
the excess to be deducted from the per cent Of
the gross proceeds and when such taxes do not
amount toa sum which when added To- the p-r
cent equal 10 seven per cent Of the entire gross
proceeds, then the company pay the deficiency
SIXTY days are gwen to the company TO accep,
the terms Of he bill, and section il added which
VIII leave I! open 10 any other company IN case
tie present one does noiaccept
Our paper this week D., filed with valuable
matter On our first page will lie found Al able
speech from Nj Randall, the member Of Kendall
IN which he gives much important information
pertaining to the history Of our State and her in
ternaI Improvements Also long, and able let.
ter from Mr.. EantUul, to Mr Under chairman u
the committee on internal Improvement. in the
House, with a number Of very valuable stats
tics The proceedings Of the legislature possess
an unusual degree Of interest this week Among
them will be found the Homestead Exemption
6H! n fall On our fourth page is an excellent
article On Plank Road. Al these documents are
worth preserving Each subscriber should Law
tins number Of tie paper away for he will find
that ho will want ths information i. contain, al
mot every day IN hi lie.