Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1857-05-14
PennsyIYania Legislature.

The bill for the sale or the main line was
taken up in the Senate on Monday, it being
the order of the day on final passage.
Several motions were made for further
amendments, which were all negatived.
The bill was then passed finally by the fol-
lowing vote:
Yeas-Messrs. Cofey, Crabbe, Finney,
Flenniken. Frazer, Grigg, Harris, Ingram,
Jordan, Killinger, Lewis, Meyer, Scofeld
Sellers, Shuman, Souther, Straub, Taggart,
/ Speaker-lS.
Nays-Messrs Brewer, Browne, Creswell,
Ely, Evans, Fetter, Gazzam, Knox, Lauback,
Steele, Walton, Welsh, Wilkins and Wright
IA
/ On Tuesday the bill was taken up in the
! House and the Senate amendments agreed
/ to, so that it but now wants the Governors
signature to become a law. After providing
for the sale of the main line at public sale,
&c. the bill as passed provides as fellows:
And yrorided further, That if the Pennsyl-
vania railroad company shall become the pur-
chasers Of said main line at said public sale
I or by assignment aforesaid, they shall nav
in addition to the purchase money at which
| 1t may be struck down, and which shall not
be less than the sum of seven and a half
/ millions of dollars, the sum Of one and half
millions of dollars, the whole amount Of sale
to be paid IN the bonds Of the company. bear
ing interestat the rate of five per centum per
annum, payable semi-annually on the thirty
/ first days Of January and July of each wear,
and which bonds without further record Shall
remain Il lien upon the said main line, one
hundred thousand dollars, of which said
| bonds, to fall due on the thirty first dav Of
! July, one thousand eight hundred and fifty
! eight and one hundred thousand dollars there
/ of annually thereafter until the thirty first
( day Of July, one thousand eight hundred and
ninety, when one million Of the residue shall
! fall due, and one million annually thereafter.
until the whole is paid; and upon the execu
ton and delivery of said bonds to the Trea-
/ surer of the State, the Pennsylvania railroad
company, and the Harrisburg, Portsmouth,
/ Mount JOY and Lancaster railroad company,
shall, in consideration thereof, be discharged,
! by the Common wealth, forever from the pay
ment of all taxes upon tonnage or freight car
red over said railroads; and the said Penn
sylyanla railroad company shall also be re-
/ leased from the payment of all taxes Or du-
/ ties, ON its capital stock bonds, dividends or
property, except for city, borough, county,
! township and school purposes, and that it
/ shall be lawful for the purchasers, or their
assigns, either to purchase or lease hold and
use the railroad of the Harrisburg, Ports
mouth, Mount JOY and Lancaster railroad
company; and to Straghten and improve the
said Philadel phia and Columbia railroad, and
10 extend the same to t4le Delaware river. in
/ the city Of Philadelphia; and it shall be fur
/ ther lawful for them to alter, enlarge and
deepen the canal portion of said main line.
and to make such additional locks and dams,
and to make in whole in part Il siackwater
navigation, as may be deemed expedent, and
in tae event of sale or lease as aforesaid
+ by the Harrisburg, Portsmouth, Mount Joy
and Lancaster railroad company. the said
company shall have the power to sell or lease,
/ and the said purchasers, or their assigns to
| buy or take on lease said road, and to make
and receive respectively all such contracts,
deeds or assurances, as may be necessary to
carry the same into effect: Poridcd, That
f. the right Of the Commonwealth TO enter M !
resume and purchase the road of the Penn
Syiyanla railroad company, provided in
their charter, shall thereafter cease and de-
termine: And prorjd-d further, That in case
Of the refusal Of any stockhulder or stock
. holders Of said company to comply with the
provisions Of this act, after the same NAV
have been accepted by majority of the
stockholders of said company, il shall be law
ful for said company to pay to the stockhol-
/ der or stockholders refusing. full market
/ value OF his, her, or their share or shares of
stock and such share or shares shall enurc to
the benefit Of the company, to be disposed of
By directors for the benefit of the balance Of
the stockholders.
Sec. 1. That if the said main line Of pub.
lie works shall be sold to other parties than
the Pennsylvania railroad company, the pur-
/ chaser er purchasers shall lie entitled to
! like credit upon the amount of said purchase
money, and for the performance Of the con
( ditions of said sale, in behalf Of the purcha-
ser, and for the security of the purchase
( money to the Commonwealth, the said pur-
! chase money, until paid, shall remain a lien
/ on said works; and the individuals or compa-
ny purchasing as aforesaid shall within sixty
/ days after said sale, give n mortgage on said
/ main line of the public works, and bonds for
the amount of the purchase money, and in
addition thereto shall deliver, within ten days
! after said sale, to the Governor, for the use of
/ the Commonwealth, bonds Of the State of
! PENNSYLVANIA or of the city Of Philadelphia
I to the amount of one hundred thousand dol
/ lars, and within sixty days the additional am
/ ount of one million nine hundred thousand
/ dollars, or in lieu thereof a like amount of
! first mortgage bonds Of the Pennsylvania
railroad company, and payment of the priR-
cipal of such purchase money shall be made
in certificates Of loan Of the Commonwealth
of PENNSYLVANIA, at par or in cash, and of
the interest in cash semi ANNUALLY on the
thirty first days of July and January in each
and every year upon any balance remaining
due.