, 1862-06-28
SATURDAY, JUNE %. 1862.

this act, together with all their furniture, fix
/ lures, rolling stock, machine shops, lAnds,
tenements. and hereditaments, and property
Of every kind and character, shall be forfeited
to and be taken possession OF by the United
States: Provided, That OF the bonds of the
United States In this act provided to be deliv-
cred for any and all parts Of the roads to be
construct ed east Of the one hundredth merid{-
an Of vest longitude from Greenwich, and for
any part OF the road west Of the west foot OF
the Sierra Nevada mountains, there shalt be
reserved Of each part and inEtalInent twenty
five per ctn1um, to be and remain In the Uni
road and all parts thereof provided for in this
act are entirely completed; aud of all the
bonds provided to be delivered for the said
read. between the two points Aforesaid, there
8ha4 beItEerFed out Of each insta1uleut fifteen
per centum, to be and remain in the Treasury
until the whole Of the road provided for in
ttis act il fully completed; and If said road,
Or aDy part thereof, shall fail of comp1etiop at
the time limited therefor in this act, then and
in that case the said part Of said bonds 40 re-
served shall be forfeited to the United States.
SEC. Is dnd Be Il Jurther enacted That (109}
whenever it appears {l02) [thereby] that tue
net eatDisgs Of the entire road and telegraph,
| including the anlaunt aI1o @ed for services
rendered for the United States, after deduct
ing all expenditures, including rep1irs and
Tie furnishing, running, and managing OF said
road, shall exceed ten per centnm upon It's
| cost, exclusive Of the FIVE per centum to be
paid to the United States Congress nav re-
| dnce the rates of fare thereon, if unreasonable
| IN aMouDt, and may f1x and establish the same
by Law. And the better to accomplish the
object Of this act. nameiy, to promote the
| public interest and welfare By the construc~
F! lion Of said railroad md telegraph line, and
Keeping the same in working order, and to se-
cure to the government at all times {but par
Of the same for postal, military and other pur-
| poses, Congress may, at any time, having due
| regard for the rights Of said companies namrd
here;n, add to, alter, amend, or repeal this
| act.
(10s) [sEc. 10. A,.d b.. it further enacted.
That persons in possession of government
lands in the territory OF Nevada at the
time Of tile passage Of this act, except nine
mi lands, or who may. under the Laws Of Con-
| gross, have the constructive right to the pos
session Of one hundred and sixty acres, should
| such lands be conveyed to said road company
under this act, shall have the right to purchase
the same from said company at the s1tne price
that The government slall fix for the sale Of
the adjoining lands.
(1o4) SEC. :. Ind BE it further enacted, That
The several railroad companies herein named
| ART authorized to enter into an arrangement
with the Pacitle Railroad Company, the Over
land Telegraph Company, and the California
| State ltlcgruph Company, SO that the present
Line OF Telegraph between the Missouri River
and San Francisco may be upon or along the
LIZ "a 9"AA 1Al12AAA AuA UlAQEAE6 slE 4H4t EE
said roads ard branches are built; and il said
arrangement be entered into, and the transfer
OF said Telegraph line be made in accordance
Herewith TO the line of said railroad and
branches, such transfer shall, for au purposes
OF this act, be held and considered q fulflment
on the part Of said railroad companies of the
provisions Of this act in regard to the con.
struction Of said line Of telegraph. And, in
case Of disagreement, said telegraph com "a,
t nits are authorized to remove their line oi
tcle graph along and uppn the line Of railroad
herein contemplated without prejudice to the
rights Of said railroad companies named
| herein.
Qo5} SEC. -. And te it further enacted That
the corporation hereby created and the roads
t connected Herewith under the provisions o
! this act shall make to the Secretary of the
Treasury an annual report wherein shall bt
SET forth
First. The names Of the stockholders mud
eal be nscertained;
Second. The names and residence Of tho
directors, and all other officers Of the coln-
puny;
Third. The amount ofstock subscribed, and
The amount thereof actually paid in
Fourth. 4 description Of the lines of road
| surveyed, Of the lines thereof fixed upon fol-
the construction Of the road, and the cost ol
such surveys;
, Firth. The amount received from passen
gers on the road;
Sixth. The amount received for fteights
thereon;
Seventh. 4 statement Of the expenses d
said road and its fixtures;
Eighth. 4 statement OF the Indebtedness
Of raid company. setting forth the various
kinds thereof. Which report shall be sworr
to to BY Tie president e1 Of said comp'ny, and shal
OIL Or before the firs' day Of July in EACH yeaT
Attest. J. w FtnNEF, Secretary