The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1861-02-15

Sec. 8. In case of default, as provided in the
last preceding section, and in order to secure
the completion of certain lines of said Rail-
roads. the same for the purpose of such compile
ton shall be divided into separate and distinct
sections to be designated as follows:
A section Of Road from La Crescent via.
Chatfield and Rochester, to q point of junction
In the County of Steele with the line of Road
heretofore known a. the Minneapolis and Cedar
Valley Railroad, or so much thereof as shall be
unfinished.
section of Road from said point of junction
via Owatonna, Faribault, Northfeld, and Men
dota, to the south bank of the Mississippi river
at st. Paul, or SO much thereof as shall be I'M
finished.
A section of Road from Mendoza via Shake.
pee, Belle PLANE, and st. Peter, to Mankato, or
SO much thereof as shall be unfinished.
A section of Road from st. Paul via st. An
thony and Anoka to St. Cloud, or 80 much there
of as shall be unfinished.
The lines of the'n Roads to conform to the
routes of the several Land Grant Railroads.
Such companies as shall undertake to construct
any one or more of the last mentioned sections
shall notify the Governor of their intention. and
deposit with him, as security for the perform
ance of the work undertaken to be done, Min
nesota State Railroad Bonds, as follows, viz:
The sum of four hundred thousand dollars for
the first section, and the sum Of ttro hundred
thousand dollars of the principal of said bonds
for each of said other sections of roads last
enumerated, and such company or companies
xo1~> Al :~lk
such section or sections, in the order of such
notice and deposit.
Sec. 9. Provides that in case of default to
construct the roads in accordance with the bill
that the bonds franchises, &C., shall revert to
the State, excepting. when.the company may be
delayed by injunctions, &c.
Sec. 10. All the rights, &C., mentioned in Sec
ton l, shall accrue to the companies only SO
far as the same shall appertan to the routes
therein named, and only so fast as the compa-
ny shall construct and put in operation each
road.
Sec. II, Upon completion of the sections of
the roads provided in the bill, the bonds are to
become the property of the State, and the
Governor is authorized to destroy the same,
keeping record of the number and amount of
the principal and interest due on said bonds.
Sec. IL. After the construction of the sec.
tions of roads provided for, the companies are
authorized to deposit with the Governor bonds
to the amount, with the previous deposit, of
$4,000 per mile, and the bonds so deposited
are to be destroyed as in the preceding section.
Sec. 13. Regulates the method of transport
in ho 30 of oanh nf fho
over the roads of all the sections.
Sec. IA. [Strcken out in the Senate, because
it proposed to raise a revenue in accordance
with the proposed amendment of the Consti-
tution.]
Sec. Is. That any person or persons, or bis,
her, or their heirs, or representatives, who was
or were entitled to the rights of presumption
under the laws of Congress of any of the lands
granted to this State at the time the same was
SO granted by the said act Of Congress, approx
ed on the I'd day of March, 1857, aforesaid,
and by this act granted to any Railroad Com
pany, and who have not purchased the same
from the United States, and shall have contin-
ued in the actual occupancy thereof to the time
any Railroad Company shall or may become
entitled to the same under the provisions of
this act and of the said act of Congress, shall
be entitled to purchase the same of said COM
pany, at and for price or sum to be paid per
acre, or secured to the satisfaction of such
company, not exceeding the minimum price
provided in said act of Congress for the adjoin.
ing sections of land; provided application for
the same, and the right to purchase as afore-
said shall be made and duly proved to said
company within twelve months from the time
said company shall be entitled to the same.
The portion of the Committee that SUBJ
mitted the above bill, also introduced bill
Tor an act proposing an amendment to Sec
tion sew n of article nine of the Constitu
ton, and providing for the submission of
the same to the people. The principal fea-
ture of the proposed amendment is as fol-
lows:
The Governor shall issue to any railroad
companies, which shall have complied with
the eighth, ninth, tenth, eleventh and twelfth
sections of an act entitled can act to secure
the construction of land grant railroads." ap-
proved AID, 1861, bonds of this
State, to be denominated Minnesota State
Bonds. to amount and for the purposes in said
act named. And in addition thereto to issue
to such company as shall have completed q
railroad from the Mississippi River to Lake Su-
perior, as provided In section three of said act,
bonds of like denomination, to the amount of
five hundred thousand dollars $500, 000) such
bonds to be dated of the date of their respec-
tive issue. The DO. DIS of this State to be is
sued by virtue of this section, shall be signed
by the Governor. countersigned by the Treas.
urer, and sealed with the seal of the State, of
denominations not exceeding one Thousand
dollars, and redeemable in twenty-five years,
with interest at the rate of seven per cent. per
annum, payable semi-annually in the city of
New York. Tie faith and credit of this State
is hereby irrevocably pledged for the payment
OF the interest and principal of said bonds of
the State. Issued by virtue hereof"
MIR. NORTON, of Winona county, present.
ed report signed by himself, and Messrs.
81