, 1862-05-29
PUGET SOUND AND COLUMBIA RIVER
RAILROAD,

bia River Railroad Company. For the informa.
ton Of those who feel an interest in the project
We publish it in full as it passed the Legislature
and bespeak for it a careful perusal
Il will be seen that the terminus on the Sound
is SteilacoOm, and not Olympia, as several Of our
contemporaries have it. In our next issue we
shall give the subject further notice the length
Of the Act compelling US to defer till then ex.
tended remarks
An Acr to incorporate the Puget Sound and Co.
luubia River Railroad Company.
SECTION l. Be Il enacted by The legislative As
sembly Of the Territory Of Washington, That
Peter J. MOOrey, J. b. Webber, p Reach, La.
hyette Balch, ThOs. NJ. Chambers. S. McCaw, J.
W. Nye, Lewis Lord, Richard CovingtOn, John
Aird, Louis Sohn, Geo. W. Hart, G. Lancaster,
I. j. Demaree, Geo Woods, Enoch s. Fowler,
Paul K. hubbs, II. 2. Wheeler, J. P. Keller, A.
A. Denny, II. L. Yessler, Chas P. Plummer, W.
w. Miller, A. J. Chambers, James BiIes, II. D.
Huntington, Chas Holman, Cyrus Walker, Frank
Clark, W. N. Morrow, and all such persons as
shall hereafter become Stockholders in said com.
pany, hereby Incorporated, shall be q body cor
porate and polite, by the name and style Of the
Puget Sound and Columbia River Railroad Com.
pany, with perpetual succession, and under the
name aud style shall be capable Of sueing and
being sued, impleading and being impleaded, de-
tending and being defended, in law and equity,
in ell courts and places whatsoever, in like man
ner and as fully as natural persons; may make
and use . common seal, and alter or renew the
same at pleasure, and, BY their said corporate
name and style, shall be capable In law Of con.
tracing and being contracted with, and shall BE-
and are hereby invested with all the powers,
Veying real and personal estate, which may be
needfu to carry into effect fully the purposes and
objects Of this act
Sac. .. The said corporation is hereby author
iEed and empowered TO survey, locate, construct,
complete, alter, maintain and operate q railroad,
with one or more tracks or lines Of rails, com.
menciOg at SteilacOom, In Pierce county, on Pu.
get Sound, and running thence to Vancouver
city, in Clarke county.
SEC. 8. The capital stock Of said company shall
consist Of fifteen millions Of dollars and may be
increased to Iiity millions Of dollars TO be divided
into shares Of one hundred dollars each. The
immediate government and direction Of said com
/ pany shall be vested In thirteen directors, who
shall be chosen by the stockholders Of said coui-
pany IN the manner hereinafter provided, who
shall bold their Office one yearaiter their election
and until others shall be duly elected and quail.
ded 70 take their place as directors, and the said
directors, majority Of whom shall form quo
rum fnF the transaction Of business, shall elect
one Of the members to be the President Of the
company. The said board Of directors shall
have power 10 appoint I'll necessary clerks Of
business Of said company.
s.c. 4. The said company are hereby author
lied By their agents. surveyors or engineers, 10
cause such examinations and surveys % be made
Of the ground and country between IN thc points
mentioned IN The second section u TINS act IS
shall b necessary 20 determine the most advan-
lageous route, Tor the proper line or course
wheroon 10 construct the said railroad; and Il
shall b lawful for the said company 70 enter
upon, and take possession Of, and use an such
lands and real estate as may be necessary TO the
construction Of and maintenance Of the said
railroad, Is depols water stations, side tracks,
machine shops engine houses and bulldingi, al
appendages necessary 70 the construction and
workingof said railroad provided, that aIl lands
OF real estate entered upon, taken possession Of,
and used by said company lor the purpose ana
accommodation Of mid railroad, o. upon which
The aioEesaid railroad shall have been located Or
determined By the said corporation, shall be paid
lor by said company In damages, Il any b sus
tanned By lhe owner o. owners thereof by the
usa of he same lof the purposes Of iaid railroad.
and all lands entered upon and taken fbr lhs uss
Of said corporation, which are not devuted to
naid corporation. a such prices a may Be mu-
tually agIsed upon By said corporation and tbe
owners Of aaid lands Or real estate, and 10 case
] Of dleagTlomenl Tie price shall Be estimated,
ixed and recovered IN the manner provided for
taking lands lor The construction Of public roads,
canals, Or ether public uorks
SIC. 8. Thatime Of holding the annual meeting
cf said company for Tie election Of directors
shall bs fixed, and determined b. The bylaws Of
/ aid company, and a an meetings such stock
holders shall b entitled % Vote, in person or hw-
lhl proxy. ono vote Ior each share of stock. he.
! che or they may hold, bona Ode II said COM
pany, upon which AZ instalmcnia called have
boen paid
6nc. 9. The persons named IN The hrsi section
cl his act are hereby appointed commissioners,
Eho. q majority q whom. allsr mss,ing duly
called bv thirty days notice IL two o. more news
papers published in Washington Territory, are
hereby authorized 70 open subscription books ior
said stock, a stuiacoom and Vancouver, and
shall keep such books open until one hundred
and any thousand dolaTn Of oaid capital stock
shall b taken. Said Commissioners shall require
each subscriber 70 pay fro dollars on each share
subscribed AZ the time Of subscribing; said CON.
missionerg shall Immediately thereafter call 4
meeting Of the stockholders BY giving thirty days
notice IN such newspapers as may Be deemed
necessary and a such meeting l. shall BE- lawful
70 elect he dlrector. q said company, and when
the directors Of slid company arc chosen, the
aid eommissionsrs shall deliver said subscription
hooia with the sums Of money received BY them
e commissioner, to said directors No person
shall Be- director 10 said company unless be shall
own a least one share of ths capital stock.
SEC, z. Thattho right Of and The real estate
purchaaed Ior the right Of way by said company,
whether By mutual agreement Or otherwise, Or
shall become tho property Of The company By
operation Of law, q IN this act provided, shall,
upon tie payment Of the amount Of money Be.
longing to the owner Or owners Of aid lands, as
aeompen1nlion Of fhe same, become the property
q nd company in fss simple. s