Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1857-06-10
EBENsBURG, JUNE 10, 1857.

thousand QOIlarS OF WHICH Salu oouuS, to idii
due on the thirty first day OF July, one thous
and eight hundred and fifty eight, and one
hundred thousand dollars thereof 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 execution and delivery
of said bonds to the Tres surer of the State,
the Pennsylvania Railroad Company, and the
Harrisburg, Mount Joy and Lancaster Rail-.
road Company, shall, in consideration there
of, be discharged, by the Commonwealth, for
ever from the payment of taxes npon tonnage
or freight carried over said railroads; and the
said Pennsylvania Railroad Company shall
also be released from the payment of all other
taxes, or duties, on its capital stock, bonds,
dividends or property, except for city, bor-
ougb, county, township and school purposes,
and that it shall be lawful for their purcha-
sers, or their assigns, either to purchase or
lease, hold and use the railroad of the Har-
risburg, Portsmouth, Mount JOY and Lam
caster Company. and to straighten and i'm
prove the said Philadelphia and Columbia
Railroad, and to extend the same to the Del
aware river, in the city of Philadelphia; and
it shall be further lawful for them tie alter,
enlarge and deepen the canal portion of said
Main Line, and to make such locks or dams,
and to make in whole or part slackRater
navigation, as may be deemed expedient; and
in re, col, b,,
the Harrisburg. Portsmouth, Mount Joy and
Lancaster Railroad Company the said compa
ny shall, have the power to sell or lease, and
the saia purchasers, or their assigns, to buy
receive respectively all such contracts, deeds
assurances, as may be necessary to carry
the same into effect Provided, That the
right of the Commonwealth to enter upon, re-
sumo and purchase the road of the Pennsyl-
vania Railroad Company shall cease and de-
termine And prouided furtker, That in the
case of refusal of any stockholder or stockhol-
ders of said company to comply with the pro-
visions of this act, after the same may have
been accepted by a majority of the stockhold-
ers of the company, it shall be lawful for said
company to pay to the stakeholder or stock
holders so refusing, full market value of his,
her or their share or shares of stock, and such
share or shares shall enure to the benefit of
the company to be disposed Of by the direc-
tors for the benefit of the balance of the stock
| holders.
SEC A. That if the said main line of public
works shall be sold to other parties chan the
Pennsylvania Railroad Company the purcha-
ser or purchasers shall be entitled to like
credit upon the amount of purchase money,
and for the performance of the conditions Of
said sale, in behalf of the purchaser, and for
! the security of the purchase money to the
! Commonwealth, the said purchase money, un-
| til paid, shall remain lien on said works
and the individuals or company purchasing q:
aforesaid, shall, within sixty days after said
sale, give mortgage on said main line OF
| the public works, and bonds for the amount
of the purchase money, and in addition there.
to, shall deliver, within ten days after the
sale, to the Governor, for the use of the Com
monwealth, bonds of the State of Pennsylva
MIA, or of the city of Philadelphia to the
amount of one hundred thousand dollars, anc
within sixty days the additional amount of one
million, nine hundred thousand dollars, or il
bonds of the Pennsylvania Railroad Compa
ny, and payment of the principal of such pur.
chase money shall be made in certificates o.
loan of the Commonwealth of Pennsylvania
at par or in cash, and of the interest in cast
semi-annually on the thirty first days of July
and January of each and every year upon any
balance remaining due.
Sec s. That Immediately after the sait
purchaser or purchasers, or their assigns
shall take possession of the same, tb,
srid purchaser or purchasers or assigns shall
be bound ever hereafter to keep up in goot
repair and operating condition the line of sait
railroad and canal extending from Holidays
burg to Pittsburg, and so much of the West
ern Division as lies between Blairsville an,
Pittsburg, until the North Western Railroa,
shall be opened for business from Blairsvill
to the Allegheny river, with the necessar
toll houses, water-stations, locks, building
and other appurtenances; and the said rail
road and canal shall be and remain forever
public highway, and the said purchaser o
purchasers of the same shall furnish station
airy and locomotive engines, and motive pow
er, for the use of all persons or companies en-
gagged, or wishing to angage, in the tfanspol
tation of tonnage and passengers at such time