The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-03-17

thousand dollars and whenever thereafter, and as oft.
en- as either of said Companies shall produce to the
Governor like evidence that any further ten miles OF
said road is in operation as aforesaid, the Governor shall
cause to be issued to such Company further like bonds
to the amount of one hundred thousand dollars until
the full amount of the bonds hereby authorized shall be
issued; Provided, That two-6f,hs and no moro OF all
bonds issued to tn, Southern Minnesota Railroad Com
pany, shall be expended in the construction and equip
inent of the line of road from La Crescent to the point
of junction with the Transit Road, as provided by law
md further provided, that the Minneapolis and Cedar
Valley Railroad Company shall commence the construc
ton Of their road ut Faribault and Minneapolis, and
shall grade an equal number Of miles from each OF said
places.
The said bonds thus issued shall be denominated
Minnesota State Railroad Bonds aud the faith and
credit Of this State are hereby pledged for the payment
of the interest and the redemption of the principal
thereof. They shall be signed by the Governor. coun'
tersigued aud registered by the Treasurer, sealed with
the seal of the State, of denominations not exceeding
one thousand dollars, payable to the order OF the Com
pany to whom issued, transferable by the endorsement
Of the President of the said Company, aud r~edeemable
at any time after ten and before the expiration OF
TWENTY-FIVE wears from the date thereof. Within thirty
days after the Governor shall proclaim that the people
have voted for q loan Of State credit to railroads, any OF
said companies proposing to avail themselves OF the
loan herein provided for, and to accept the conditions OF
the same, shall notify the Governor thereof, and shall
within sixty days commence the construction OF their
roads, and shall within two years thereafter. construct
ready for the superstructure, at least fifty COW miles OF
their road. Each company shall make provision tor
the punctual payment and edemption OF all bonds 49,
sued and delivered as aforesaid, to said company, and
for the punctual payment of the interest which shall
accrue thereon, in such manner as to exonerate the
Treasury of this State from any advances OF money Tor
that purpose and as security therefor, the Governor
shall demand and receive from each of said companies,
5000 III l--lS ~-a i1.roC ON nCtrlmnn
pledging the net profits of its road, for the payment OF
said interest, and Il conveyance to the State OF the hrst
two hundred and forty sections Of land, free fronl prior
membranes, which such company is or may DE- au-
thoizcd to sell in trust for the better security OF the
Treasury of the State from loss on said bonds, when
said deed of trust shall authorize the Governor and Sec
rotary Of State to make conveyances of title to all or any
IF such lands to purchasers. agreeing with the respective
railroad companies therefor. Provided, That before re-
leasing the interest of the State to such lands, such sale
.hall be approved by the Governor, but the proceeds OF
al such sales shall be applied to the payment OF interest
accruing upon the bonds in case OF default OF the pay
ment Of the same, and as a sinking fund to meet any
future default ia the payment of interest and the pr'n-
cinal thereof when due and as further security, an
amount of first mortgage bonds, ON the roads, lands ana
franchises, Of the respective comp mics, corresponding 10
he State bonds issued, shall be transferred to the Treas
,rer of the State at the time of the issue OF State bonds,
md in case either of said companies shall make default
n PAYMENT Of either the interest or principal OF the
,ouds issued to said companies by the Governor, no
more State bonds shall thereafter be issued to said COM
oauy and the Governor shall proceed in such manner
IS may be prescribed by law, to sell the BONDS OF the
lefaultipe company or companies, or the lands held IN
! rust as above. or may require a foreclosure OF the mort
,age executed to secure the same; Provided, That II
nv company so in default, before the day of sale, shall
my all interest and principal then due, and all expenses
Incurred BY the State, no sale sha take place, and the
ciph, of such company shall not be impaired to a further
/ - g Co., o.oG+ Droy;dod If any Of said cOmDaDleS
,hall at any time offer to pay the principal, together
| With the interest that may then be due upon any OF the
Minnesota State Railroad Bonds, which may have been
issued under the provisions Of this section, then the
| Treasurer Of State shall receive the same, and the Ia
| ,ilities of said company or companies, in respect to Sail
! bonds. shall cease upon such payment into the State
! Treasury, of principal. together wit" the interest," as
aforesaid. Provided further, That in consideration Of
| the loan of State credit herein provided, that the COM
| pany or companies which may accept the bonds OF the
| State in the manner herein specified, shall, as a cono'-
| ton thereof, each complete not less than fifty miles OF
| ITS road on or before the expiration of the year 1861,
! and not less than one hundred miles before the year
! 1864. and complete four.ffths of the entire length OF
its road before the year 1866, and any failure on the part
Of any such company to complete the number of miles
# its road or roads, III the manner and within the scvera'
| times herein prescribed, shall forfeit to the State all the
rights. title and interest of any kind whatsoever IN and
to any lands, together with the franchises connected
with the same not pertaining or applicable TO the por'
ton of the road by them constructed, and a tee simple
| to which has not accrued to either of said companies
by reason of such construction, which was granted |"
| the company or companies, thus falling to comply with
the provisions hereof, by act of the Legislature OF the
Territory Of Minnesota, vesting said land IN such con-
panies respectively.
Sec. 2. The foregoing amendment shall be submitted
| to the electors of the State, at an election to be held on
the 18th day Of April, one thousand eight hundred and
6fty. eight. in the several elective districts of this State.
The ballots at such election shall be written or printed
as follows those in favor of the amendment " Loan OF
State Credit for Railroads-Yes." Those against the
amendment " Loan Of State Credit for Railroads.&c."
The polls at said election shall be opened between the
hours of eight and ten O'Clock, A: NJ, and closed at SIX
P. NJ, and the said election shall be conducted and the
returns thereof made and certified, in the manner provid'
ed by law for returning votes for Territorial Delegate to
Congress, except that the said returns shall be addressed
to the Governor, by whom the same shall be canvassed
within twenty days after said election; and IT 1t shall
appear that a majority OF voters present and voting at
said election have rati6 ID the proposed amendment, the
Governor shall incorporate the foregoing amendment IN
the Constitution, and shall make proclamation of the
result, and deposit the election returns in the Office OF
the Secretary of State. "
SEC. 3. Besides tie publication prescribed by existing
laws. this Act is hereby directed to be published IN all
the newspapers Of this State, for which publication
the same rate Of compensation is hereby fixed as tor
similar insertions in the off :ial paper of the Legislature.
SEC. 4. This Act shall take effect from and after its
passage.
Speaker pro I'm of the Il off.
RICHARD G. MURPHEY,
President pro tenn of the Senate.
Approved March 9. 1883.
CHAs. l. CHASE, Acting Governor.
SgcaErAnY's OrrIcs, Minnesota,
March 0, 1853.
hereby certify the foregoing to be a true copy Of
the ORIGINAL on file in this Office.
CHAs. i CHASE, Secretary.
4 Timely Work.
The Messrs. Fowler Il Wells, sos Broadway have
issued many useful works for the people; but we think
fo- the western market, a work they have now in press
will exceed in interest anything of the kind that has
appeared in this country. 1t IS entitled The Garden,
4 Pocket Manual of Practical IIorticulture.' 1t will