New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-22
THE PACIFIC RAILROAD.
MIR. nIcNIurrsy,s Bill.

Al ACT to incorporate Atlantic and ra6e Railroad coUp.ny
Tks Peop u tie STATE Of Nsu York. represented ia SsaHe
and Asssabig, do sHdo! az foNOrs;
SEC 7. Levi 3 Chsthed, Frederick Toilet William
J. McApine, Ersstus Corning Dean Richmond, Orvile
Clark, Peter Cooper, Abram Huett Simeon Draper,
Sanford T. Church, William w LELAND, Andrew q.
Chstfeld Ebenezer Allen Samuel Merrill, Noah Allison,
David Newcomh, Clark Durham, George w. Smyth,
Ira p Barnes Ezra Lincoln. Dudley ). Gregory, John
Wilkinson, Michael Burke, aud such other persons "A
shah may be associated with them Tor that purpose.
hereby constituted and created body polite and
corporate By the name, sly Snd description OF The
Atlantic and Pacific Railroad Company aud said Com
pany with the consent OF The United States is hereby
authorized and empowered 70 build construct complete
and enjoy. n continuous railroad, with one more
tracks and the necessary deP6s turn outs stations aud
appuTenances for the proper convenient and prohts-
bl0 thereof frou the Valley OF the Mississippi River.
from the Gulf OF Mexico 70 San Francisco in Caiior
MIA such other place the Pacific Ocean, and
such route said Company sha deem % be most adj
vantageeus 70 the public sterests and said Company
il hereby empowered, with the like consent of the
United stste. TO construct branch OF said road from
any point the thereof 10 such point In tho Ter
toTy of OREGON shall hest sbserve the interests s
commerce and the defence of the country.
g. Tho said Company Il authorized 70 accept aud re-
ceiye 10 lie use, any grant, gin donation, Loan power,
franchise, and assistance, which may be granted to
conferred upon sold Company by the Legislature, the
laws Il any State Of the United states or by any person
or persons on such terms and conditions may DO an
nexed 10 or imposed upon the grant thereof, and may
make construct and enjoy, sny part portion Of
said road which may shah be, constructed through
any State States Of the United States such terms
may be prescribed In the act acts Ut the Legss.
ture OF such State States comforting the yhI and
power on said Company TO construct sails ro2d through
ruch State sta,es.
g. The said Company Is hereby authorized and em.
powered receive and accept Of any gift grant, loan.
franchise power or aid which may be granted TO- be.
slowed spon provided for said Conpsny, BY the
Congress or the Government Of the United utss sub
ject however % all such terms condition. restrictions
and limitations may be annexed % imposed upon
such gift grant, loan. franchise power aid in the &C,
or acts granting the same or in any act anendatoy
thereof
81 The said Company shall, before the srst day
April in the year l-i accurately survey Elk hundred
miles Of the end OF aid road and make
20 be made accurate maps and plans thereof with
minute description Of the route and hai tar explore
the residue OF said route ~ determine the practicable
ity thereof and the comparative advantages OF the
erAl routes from the Mississippi valley TO the Pacific
ocean, which railroad can conveniently be made
and make a general description Oi each of sai routes
which msps, plans and descriptions shall be duly fled
in the Offices Of the Secretary OF the Treasury and the
Secretary the Interior OF the Usted States and also
In the Office of the Secretary "A State Of New fork and
shall within said period and after such survey and
ploration, determine and decide upon the route which
shall be adopted by said Company in making and con.
stTuctiDg said road and shall within said period. tile
such determination u the Office Of the said Secretary OF
| the Treasury.
! { s. The said Company shall within FIVE yesrs from
the said first day Of April 1854. complete and furnish
ready for single track II said railroad throughout
the entire length thereof and shall ssO, within said Pc
rod, lay and construct continuous line Of magnetic
telegraph along the line OF SAID road with the necessary
sppsrstns that tie shall be ready for use 20
that messages may be transmitted from Francisco
TO such point in the Assipp valley. msy he adopted
b. said Company tor the eastern terminus VI said ros
b. The capital stock u said Company shall he one
hundred millions Of dolsrs and divided into shares Of
one thousand dollars each and which slali ba deemed
pefsona property and transferable in such manner "a
said corporation shall BY liz bylaws, provide and di
:. Levi s. Chstfeif, William J. acAlpine, orville
Clark Frederick Fole.t, Dean Richmond, simeon Ora
per- Zion FsrEswOrth Erastus Corning samuel Merrill
Harvey Baldwin, Ezra Lincoln, Dudley D. Gregory and
Andrew q. Chsthed. shall be COMMISSIONER who's
duty shall be % open books the City Of New York
and al such other place or places the United States
they, or msIory OF them shall direct, receive sui
scriptfons % the cspEl stock Of sad corporation and
the whole capital stock Of sad corDorsnol
shal be u good faith subscribed tie said Commission
ers shsll appoint ssifable and convenient time and
place for meeting OF the stockholders o. said Compa
ny; notice thereof sasll be gwen each stOckhoder
either personally, or By depOsstng proper notice II
the post Office directed said stOckhoder q his real
cence usual place a business leazt twenty dAy
before Tie time Of such meeting ad such stockholdr
a. shall attend the meeting caeo either Ia persOu Of
By proxy shsll then and there elect by ballot, twenty
I'VE Directors Or ssd corporation and in ssch election
each share Of ssid capitol stock shall eli,ie tue yii
hsider thereof, TO one vote Tie ten Co,nmissonen
hTst above named who shall be present sad meeting
shall set a. inspectors Of ssd eecsol snd shall eert
uncer their hsnds the Of the directors elected
said meeting and sts deliver over tne Fad sub.crn
ion books 70 said directors.
-. The Director chosen IN pursuance Of the last Ore
eedlng section shall may be aler such cleo
nsn elect from ther cvn number Presiiezt and Wee
President and IN ease Of TIE death resignation or e
sence Of the PrezdeHt TIE VcePrr shei act a
President un-li tie next annual election and tAe oc
Of beth President anu Vice Pfesdut shall be vacant Ia
Board OF Director sha II suca VACANCIES Tor tae n
uarder Of the year.
.e. The President VICE Presiden, and Directors shs
bold Their orce- for one year respectively The sat
President and VicePresde1t shall be from time % tiq
sppsned BY TIE Board Of Directors, sGi the Director
shall be annually chosen q; such time and paee and Il
said manner may be provided b. the bYlaws OF ss
Company. The sSid Board Of Director. .asH hav
power 70 appoint such clerks engineers sgen snd sab
ordnstes may from time 70 time De necessary 20 carr
into effect the objects OF the act.
go The Corporation hereby created e authorize,
sLf empowered 20 purchase. receive e-fer uDUa an,
hold such lands streams q water sad zeal estate az ma
be necessary and conTenieEt IN carrying iato elect 70
Objects ior his CorpoFar0n = grln5ed d.. az Land.
which streams, and rssl esizfe Eorh sIe ~ doe: 10
q ssia soHrsTy, 'tsI te l-scfsed ysal CIaIaDy q