The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1860-02-25

the limitation thnt the price 10 ne paiu hhaii bot
exceed. in any event, in pence OF in war. the sum
which in time Of peace has been paid for trans
por,a,ion by frs: class railroads elsewhere in the
United States.
SIC. T. And be II further ensc',d, That when
ever either or 10y OF said companies shall have
constructed fifty miles Of either Of said main rail
road and telegraph lines, and shall have sup
piled the same with ali necessary rolling stock
buildings. and dcpots for the use thereof, Of suit
able quality for said roads, and shall report the
same to the President Of the United States, it
shall be the duty of the President to appoint in,
mcdiatcly a commissioner who shall examine The
same and make repor, to him in relation thereto;
and if it shall appear by said report that fifty
miles Of said main railroad and telegraph lines.
Of eithercompany, have been completed in good
substantial and workmanlikc manner, and sup
piled with all necessary rolling stock, buildings
and depots. for the use Of said roads, and are IN
good working order. then it shall be the duty Of
the Secretary u the Treasury under the drec-
ton ol the President, 10 issue TO the company
or companies that may have completed said fifty
miles oi main railroad and telegraph line or lines
the bonds Of treasury notes Of thu United States
for the sum of one million Of dollars, according
to the s,ipula,ions hereinafter provided, and de-
liver the same to the said company or companies
and the said company or companies shall there
upon execute n mortgage or mortgages upon
said hny miles Of railroad and telegraph line ~
lines 10 the United States, whereby the same
shall be mcrtenged to the United States, free
from all lien or incumbranee, with all the rolling
stock buildings, and depols and including also
all the purchases made Of materials ur outfits.
and work done and to be done on said fifty miles,
10 secure 10 the United States the payment OF
said on million OF dollars in the manner herein
oitrr proyi.led for; and for each and every fny
aid rilro,d ,uj ,elegraph lines :, com
n'.ted and IN, In rnuuine order the Secretary Of
,ho Tr,sury shall i.sue 10 sni,. ca many ar com.
,,,i'. .,u,lctin, Tho same fine Ike sum of one
million If dollar. in the bond. of treasury notes
nr tho I-,i,,1 st.,cs upon IN. execution hy snid
comuany ar comuauie. of a mortgage as afnre-
s,iJ man the ana Gry miles Of railroad and "a.
,,,r.rh line or lime. then comple,,d un,i reaching
a., has., Of tho Rocky mnuntnins. and ntter TINT
,b, .u,, of ,,yo miilnns a, loilar. far every Gny
mil,. mill bond. or treasury no,es shall have
hoa, ;ssue1 10 Tho omonnt of ,birtv.fyc million.
81 dollars In each of said two naiu lines Of rail.
road ami ,cle,,r,nb when no more bond. or
-. ,,,o. shai h. is.nrd. pror,I,J That no
Ian hall be a.le1 from IN, limited Siate. eoy-
,,,.,,,.,, H., ia, .sn,,berr pnc;er Railroad Com.
,,','y l,r n,v r,r,;on nj their road Wing within
h., limit. IL Inc STAT, of r,Nns n1J mo- NOR,
,,,... .,iv.n IN the Ini,,l States on the same;
Ia, *. lo,, b, .aid g,nd shall br nupiie,l tn the
,c,,,,,,s I.;i rnn,i ,,,n4 ,,.t and Nc, Of the
.r,,,.,, ,r,N,s And Zach @, the com, ..;,,,.
n,,,l,.r,aking tn cou.,rn,t the respective roads
,...ii,J -, l., nj. Lil .l,li ,,,,.' T., huiiI five
t,,lr,.d mild. ot ,bcir r,srcr,iyc roads within
.,,r H., go, =, ,i,,s me-, ami liz ne.
-. H., III i,r,,.,',i,- And In hi, end
,,n I'rs.rn!,,o,, Of ,hd .nu,c may br bc,rn ON
,Lc r,c,dr sl ,s ,nrlv a. ON ,hc NJ is.i..ippi and
Nissnu,, r;vcrs And when five hundred and
eny mic. NJ ,i,hc, q, .aid main line. of railroad
anil ,elepraph shall have bon completed and at.
r,oy,I =, I'M. manner h,,s,inb lor, proyi,l,xl the
's,d several counani,.s constructing said railroad
and ,el,graph lines shall have the land. hereby
Granted eonveyal To them respectively. by patent
for 6fy mile. Of said line or lines. continuously
ia the nmo.ut alloyel by the terms OF this act
for .ueh 6l,y miles; and 50 en- tily miles Of hand
for ,oeb INV milo. of railroad and telegraph
line comple,cl by said companies, beyond the
five bundr, and fity miles first finished until
said railroad and telegraph lines shall be ,uiirly
completed; and when either of said roads shall
be committed. the aid companies shall bc en,.-
Tied 10 patents tor The whole Of the lands To
which they are entitled by thu terms Of ,hi- act
leaving The mortgages aforesaid upon the bod or
bed. Of said road or roads, aud all the rolling.
stock. bui d.nss. and tepo,s thereof, a. security
for the pavu,eni TO the United states Of dc
amour, Of he bonds or treasury notes issued as
aforesaid until the whole thereof shall bc paid to
tb, limited states in mail and other services. ac.
cordinp 10 the provisions Of this act: Pror.dsd,
That the commands receiving lands by this gran,
from the co,crumcn, Of the United State shall
sell and alirnate one half of said lands within five
wears from date Of the patents to the same. and
,be r., of said land. sn cran,,d To the compa-