Mountain Democrat. [volume] (Placerville, El Dorado Co., Cal.) 1854-1860, 1858-02-27

tnuS SuFteycui e4CopttnN tuuSc uctStu ScS
apart and appropriated for the use Of said
road: Provided, that SO soon as . contract
is made, in pursuance Of the provisions of
this act, for the construction of said road,
it shall DO the duty Of the President to
cause tho public lands for forty miles on
each side Of so much of said road as the
contracting parties shall indicate to be
| withheld from settlement sale or Occupa-
ton until the lands shall have been sur
veycd, and the alternate sections selected
as provided for in this act,
SEc. &. And be further enacted, That
| in making said contract il shall be stipU-
lated that the said road shall be divided
into sections Of twenty-five miles each,
and that none Of said lands are to be con-
veyed to the contracting party until one
Of those is completed and put into success
full operation, when the President shall
convey hy patent to the contracting par
ty thrce-iourthS Of the land pCtAining to
the section 81 completed, retaining the
other fourth a$ security for the compile
ton Of the next section of twenty-five
miles; and when the next is completed,
the President shall, in like manner, con-
vey to tho contracting party thrcc'fourths
Of the land pertaining TO that section, to-
gethcr with tho rCmaining one.fourth on
| the previous section; and so on with each
succeeding section, conveying three
fuurthS aud retaining onc-fourth as Sccu-
rity for the completion Of the next, until
the last section Of the road is finished and
put into operation, when the President
shall convey To the contracting parties
the residue 0f the lands hereby app opri-
atcd; aud said contract shall require that
the United States mail shall at all times
be carried on said Toad under the dircc-
ton and control Of the PoStmaatcr Gene
raj, and all other government transporta-
ton provided for IN this act shall be per.
formed under the direction Of the proper
departments respectively, and the COM
penSatiOn therefor at the prices specified
in said contract or contracts shall be reg
ularly paid from the treasury Of the
United States quarterly, or at such times
as may be agreed upon.
SKI. :. Aud be il further enacted, That
the President hr, and he is hereby, au-
thorired and directed, so soon as one Sec
ton OF twenty-five miles Of said road is
made aud put into successful operation,
to cause to hc issued to said contracting
party bonds OF the United States bearing
not exeectling five per ccntum per annum
interest; which interest shall be payable
mi,annually, and the paincipal payable
nineteen years from the date Of their issue,
to the amount Of twelve thousand five
hundred dollars for each mile Of the same;
and in like mANNer, when another section
OF Twenty-Five miles is made and put into
successful operation, an CQaal amount oi
bonds shall bc issued aud delivered tC
said contracting party; and so with each
succeeding section, until the whole road
shall have been completed: Provided
That the entire amount Of bonds hereby
authorized to bc issued on account Of said
road shall in no event exceed, in the ag
gregate, the sum Of twenty-five millions
Of dollars, il being the intent Of this act
to advance to the contracting party twelve
thousand five hundred dollars for each
mile Of road completed aud put into sue
SuceecS$i0l operation; which sum o.
money thus advanced, together with thS
interest thereon, is TO be repaid to thC
United States by the said contracting
party in the transportation and scrN icC
provided for in this act; aud compensa
ton, other than the lands appropriated
aud bonds authorized to be issued by
this act, shall bc made to the contracting
party for transportation Aad service rem
dcrvd under thCir contract until the value
for such transportation and service shal
be equal to the aggregate amount Of the
principal and interest Of said bonds: Pro
vided, That all duties on railroad iron I'M
ported aud laid down on said road shall
DC charged To the contracting party anC
paid TO the United States, by dcductinG
the amount from the credit to be given fol
tho service tirSt performed under this act
Provided, farther, that If American manu-
iaeturCd railroad iron, Of equal qualities
shall be offered to the said contractor ol
contractors, which, including all items o.
cost of manufacture, sale, and delivery
shall not cxcCcd the like cost Of such iron
ii obtained irum foreign countries, the
American manufactured iron shall be
preferred and used by said contractor OF
contracting parties,
SEc, s Aud he il further enacted, That
should said contracting party, neglect OF
in any way refuse 10 prosecute the work
undertaken by them in manner to secure
the completion thereof in compliance with
the contract, or should violate the terms
of said contract, then all rights Of said
contracting party TO said road, right oi
Way, lands or other property pertaining
thereto. Including such amount Of the dc.
posted stocks il any, that may remain
uneNpSntlSSs, shall be and become forfeited,
and the United States may enter upon
aud retain the same. In the event Of such
forfeiture, to be determined by the Presi.
dent, he shall proceed to rclct that portion
Of the roAd rcalaining Uncomplctcd under
such forfeited contract, and provide fol
the disposition Of the work in such man
ner rs will secure the earliest completion
Of the rad in conformity with the provi
SioNS Of this act; Provided, that he shall
not StipUlatc> On the part Of the Unitet
States, for any higher or other terms thar
are authorized and provided for in thi.
act.
SIC, Q. And be Il further enacted, That
the contracting party, receiving lands un
der the provisions Of this act, shall be re
! q1ircA to sell and Uncondi6onally convey
one-half of the same within Eve years from
and after the issuing Of the patents fou
the Sames and all landssO granted, which
shall rcnAain the property OF such contEac
ting party, Or which may be held by them.
selves or others for their use or beceat
at the expiration Of ten years trOm the
date of the patents shall be and become
the property Of the United States.
Sr.> IN AnA ka Il har1hAn aua~r<ss1