Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1857-06-10
The Bill for the Sale of the Main Line as
passed by the Senate and House and sign
Cd bu tho Eouernnr

lDe Dill 1OT JllS Ddlt VI tuc NALL AiAC oS
passed by the Senate and House and sign
ed by the Governor.
SIC. /. Be 1t enacted by the Senate and
House Of Representatives Of the Commonwealth
of Pennsylvania IN General Assembly met,
and 1t is enacted by tie authority Of the same
That it shall be the duty of the Governor,
within ten days after approving this act, to
cause to be ADVERTISED daily until the day of
sale in one or more of the daily papers of ex-
tensive circulation, published in the cities Of
Philadelphia, Pittsburg, Washington. Boston,
and in the borough of Harrisburg, notice
that the main line of the public works will be
exposed to public sale at the Merchants Ex-
change, or some other public place in the city
of Philadelphia, on a day to be selected by
him not more than forty days after the pas
sage of this act. If a sale shall not be efec-
ted en- the day fixed by the Governor, it shall
be lawful for him to adjourn the sale from
time to time as he may deem expedient
Prorided, That public notice of such adjourn-
ment shall be given to such newspapers as he
may select And providcd further, That the
last day Of adjournment for said sale shall not
be less than twenty days before the meeting
of the next Legislature
SEC. 2. That at the time and place so Sc
iected it shall be the duty of the Governor to
have offered at public sale the whole main
line of the public works, to wit the Phila-
elphia and Columbia railroad, the canal from
Columbia to the junction at Duncan Island,
the Juniata canal, from thence to Holidays
burg, the Allegheny railroad including the
new road to avoid the inclined planes, and the
canal from Johnstown to Pittsburg, and all
/ the property thereto appertalning or in any
wise connected herewith.
SIC. 3. That it shall be lawful for any per-
son or persons, or railroad or canal company
/ now Incorporated, CT which may hereafter be
incorpoi ated, by and under the laws Of this
| Commonw cath. to become the purchasers of
the said Main Line of the Public Works, for
any sum not less than seven and half mill
! lions of dollars and in the event of sale of
the said Main Line being made to individu-
ais. it shall be lawful for such individuals so
! purchasing after the said public sale, to assign
! and transfer their right to the said Main Line
under said purchase to any railroad CT canal
company, created by the laws of the Com
monwcalth, and such railroad or canal COM
! pany, on compliance with the conditions of the
said sale, and on the payment or securing of
] the purchase money of the said Main Line as
| hereinafter provided, shall be fully invested
with the rights Of the said purchasers, and be
entitled to the same rights and privileges as
| if the said Main Line had been struck off and
sold to said company at the time OF said pub
I lie sale; and if necessary said company may
increase their capital stock OR borrow money
and issue their bonds to any amount not ex-
ceedlng fifty per ceUtum above the amount
! of the purchase money; and should any asso-
| citation CT individuals become the purchasers
; of the Main Line on the terms prescribed by
this act, the Governor is hereby authorized to
| grant them letters patent Incorporating the
same into body corporate, in deed and IN
law, under the name, style and title of the
Philadelphia and Pittsburg railroad and canal
company with all the privileges. and subject
to all the restrictions of an act regulating rail
road companies, approved the nineteenth day
of February, one thousand, eight hundred and
forty nine, and the supplement thereto. SO far
as it is consistent with the provisions Of this
act p rorided, That no bid shall be accep-
ted unless the bidder or the company to whom
he shall assign the bid shall have deposited in
the hands Of the Governor, or some person du-
ly authorized to receive it, the sum of one
/ b,,p1 Ill IL,
bonds, which shall be forfeited tc the use Of
the use of the Commonwealth, if the terms Of
sale are not complied with; and if the party
to whom the same shall be struck down shall
not comply with the said conditions, by the
payment Of one hundred thousand dollars as
aforesaid, then it shall by the duty of the Gov.
ernor if deemed proper by him, to tender the
same to the next highest bidder who shall
comply with the said conditions: Provided
That said next bid is not less than seven mil
lions. five hundred thousand dollars or agar
expose the Main Line to public sale, as pro
vided for by the first section Of this act: Ano
proo'ded further, That if the Pennsylvani;
railroad company shall become the purcha
sers of said main line, at said public sale O
by assignment as aforesaid, they shall pay il
addition to the purchase money at which
may be struck down, and which shall no
be less than the of seven and hal
milli-ls of dollars, the sum of one and hal
, millions of dollars, the whole amount of sal
. to be paid in the bonds of the company, bear
ing interest at FIVE per centum per annum
na able semi -annnallv ON the thirty first day