, 1862-09-02
TEE PACIFIC RAILROAD ACT.

Be IL enaCteu by Lae o6uaho anu AoosE ~
Of the United States of
America in Congress assembled, That Walter
T. Burges, William P. Blodgett, Benjamin H. |
Cheever, Charles Fosdick Fletcher, ct Rhode |
Island; Augustus Breester. Henry 2. Haven,
Cornelius 8. Bushnell, Henry g Aapmond. Of
Royal Phelps, William 3. Ferry, Henry A |
Paddock. Lewis ]. stanc!iff, Charles a. secor,
Samuel R. Campbell, Alfred E. Tilton, John
anderson, Azariah Boody, John 8. Kennedy,
F. GaVsg Je?sRh F{cla Bs1ann Rortsn F. c2Rmp' Rspp
Holiday, D. n. Barney. s. DsWist Blood
good, WIN. b. Grant, Thomas ". Oleott,
Samuel B. RuggIes James B. Wilson, Of New
York Ephraim Marsh. Charles H. Harker,
Of New jersey; John Edgar Thomas, B7nja-
min Ha5Tsra JegePh f s5n Scranton RossPh
Daniel J. Morel!, Thomas N. Howe, William
F. johnson, Robert Finuey, John A. Green,
E. R. Myre, Charles F. Wells, junior, Of Pena-
sylyania; Noah L. Wilson, Amasa Stone,
Wia9 3o5d 3 22os5 Gsmfnt Tam S ia9@e besnfsne
sl JACOB Bic Blickensdef{er, in Of Ohio; william.
N. Mcpherson, Z. ". Wells, Willard
2. hall, Armstrong Beatty, John
Corby, Of Missouri; S: ]. Hens1ey,. Peter
DoDahue, c. ?. Huntington, 7. D. Judah, Jas.
ehaTes hisy Ma9sS SaSs D aIi Mi'i samnsl Bs Ionis
McLane, George ". Move, Charles McLausb-
lin, Timothy DANE. y ohm R. Robinson. Of Cal
itornia; John Atcbison and John D. Winters,
ofthe Territory of Nevada; John D. Campbell,
Il. n: Rice, Charles A. TroT Tbrldge and Ran;
Gorham, William Mcconnell, Of Michigan;
William F. Coolbaugh. Lucius e. LangWor-
thy, Hugh T. Reid, Hoyt Sherman, Lyman
Cook, Samuel R. Curtis, Lewis 4. Thomzs,
Platt Smith, OF Iowa. William B. Ogden,
c. Babcock, ". Seldom Gale, Nehemiah Bush
nell. and Lorenzo Bull Of Illinois; William
A. Swift, Samuel T. Dana, John Bartram,
Franklin 8. Stevens, Edward R. Tinker, of
MASSACHUSETTS,; Franklin Go1in, Laoin j.
Bradford and John T. Lewis, Of Kentucky )
Joseph Eaton, Of AIsine; Henry =. Baxter,
| Geo. W. Collemer, Henry Reyes, Thomas Fl.
| Caufeld. of Vermont; William s. La1d. A.
| II. Berry, Benjamin F. Harding, of Oregon !;
William Bunn, jr., John Catlin, Levi Sterling,
Jotn Thompson, Elihu [: Philips, Walter y.
q. Virgin, Of Wisconsin; Charles Paine, Tho's
| q. Morris, David C. Brandham, Samuel Ham
ma, Jonas Fotaw, JesseL. Williams, Isaac C..
Elston, Of Indiana; Thos.- Swan, Chauncey
BROOKS, Edward wilkins, Of Maryland; Francis
Henry a. Swift, D"ight Woodbury., John
McCn6lck, John r. Jones, Of Minnesota; Jo-
eeph a. Gilmore, Charles ". Woodman, of
NEw Hampshire; ". e. Grimes, J. c. Stone,
Chester Thomas, John Kerr, Werter R. Davis,
| 4luLItl H. luil11a, JusIdH 11ulGF. UI haQSaS ;
Gilbert G. Mcneil and Augustus Kountz, e.
n. Marquette, Wm. q. Taylor, Alvin Sam
derE, OF Nebraska; John Evans, of Colorado
Together with FIVE commissioners to be ap.
pointed by the Secretary Of the Interior, and
all persons who shall or may be associated
created and erected into body corporate an6
politic in deed and in law, by the name, style
and title Of The Union Pacific Railroas
Company" and By that name shall have per
petual succession, and shall be able to sue ant
10 be sued, plead and be impleaded, detent
EQUITY within the United States, and ma,
nuke and have common seal; and the sail
corporation is hereby authorised and empoW n
; cred to lay out, locate, construct, furnish
maintain and eEjoy a continuous railroad an
telegraph, with the appurtenarces from
point on the one hundsedth meridian Q
: 1.1gitude west from Greenwich, between til
| south margin Of the valley Of the Republica
River and the north margin Of the valley {
: the Platte River, in the Territory of Nebrass;
to the western boundary OF Nevada Territory
t upon the route and terms hereinafter prov
dtd, and is hereby vested with all the power
: privileges and immunities necessary ID carr
8 into eject the purpose OF this act IS herei
q set forth. The capital stock of said compan
C shall consist Of 10U, 900 shares Of 81 600 eac
), which shall be subscribed for ard held in III
b more than eco shares by any one person, al
: shall be transferable in such manner as tt
bylaws Of said corporation shall provide. II
6 persons hercinbciore named. together MI
e those to be appointed by the Secretary Of II
t Interior, are hereby constituted and appoiu
ed commissioners, and euch body shall
u called the Board of Commissioners of Il
|, | Union Pacific Railroad and Telegraph Coz
e papy, and twenty five shall constitute
!, Quorum for the transaction Of business. T
i, held at Chicago, at such time
IS the commissioners from Illinois hel
D. herein named shall appoint, not more tn
u three nor less than one month after the pas
q age Of this act, notice Of which shall be Civ
70 BY them to the other commissioners by {
10 posting call thereof in the postotlice at G
cago, post paid, to their address at least f,1
ID days before said meeting, and also by puolit
s, ing eaid notice in one duly newspaper in e1
p Of the cities of Chicago and St. Louis, 81
board shall organize ey the choice from
be number Of president, secretary and tre
1g urtr, and they shall require from said treasu
If, such bonds as may be deemed proper, 8
To u,ay from tine to time increase the amor
en- thereof as they may deem proper. It shall
ss the duty of said board of commissioners
en- open books, or cause books to be opened,
m such times, and il such principal cities in
United States as they, or quorum Of th
'ce shall de. ermine, to receive supscrip ions
Ks the capital stock c. said corporation, an
W~ cash payment Of ten per centum on all 81
IRE scriptiors, and to receipt therefor. So SC
LC3 | 15 -1,uLt euS1l Ii 6ua4l NC Ill ENNA 4A(LA .
di- scrihed for, and ten dollars per share &C
le- ally paid into the treasury OF the compa
on tho ssaid president and secretary Of E
Of board Of commissioners shall appoint a ii
) it ard place for the first meeting ct the subs
Lhe ! bcrs to the stock OF said company, and 81
the give notice thereof. in ct least one ne Espa
to in each State in which subscription bO
ae. have been opened at least thirty days pr
ith ons to the day OF meeting, and such subs
[ud hers rs eball attend the meeting eo-cal
ow eithtr in person or By proxy, shall then
red there el>ct By ballot not less than thirt
dto dire ctcrs for said corporation; and In sucn
ton each share Of the said capital shall ent
~ the cWDer thereof to one vote. The prcsid
a., and secretary Of the board Of commission
nv shall act as inspectors Of said election,
mo shall certify undtr their hands the name
~ the directors elected al said meeting and
~ sasd commissioners, treasurer and secre
m sta1l then deliver over to said directors all
~ properties, subscription books and oI
mo books in their possession, and thereupon
~ duties Of said commissioners and the
,res GERS previously appointed By them shall c
nv ard determine forever, and thereafter
~ stockholders shall constitute said body po
h;1. ~ and corporate. AT the time Of the frat
,at each trlenDial election Of directors by
ant stockholders, two additional directors shal
~ npI ointed By the president Of the Tn
,ere States, who shall act with the body of di
,erc | tors, and to be denomiaated directors on
een part Of the government; any vacancy hap
e1s. ing in the government directors, at any t
uann nluS be filed by The president Of the Tn
hen States The directors to be appointed by
w. president shall not be stockholders in
hot Uuion Pacific Railroad Company. The dil
ors eo chosen sh1ll, as soon as may be
[on- their election, elect from their Own numb
ON prtsldent and vice president. aud slall
the elect . treasurer and secrs tary. NO pc
ties shall be 4 director in said company unle:
nth shall be bona fde owner Of
tim. least five shares cf stock in the
10, Nv. company, except the two directors tc
appointed By the president As aforesaid.
of,- company, at my regular meeting Of
of | stockholders called Tor tina: purpose,
.iver have power to make bylaws, rules and 7
Tne la1ions as they shall deem needtu1 and pr
or touching the disposition Of the st
Ion. property, estate, and effscts OF
eitS,. | company, not Inconsistent herewith,
rho transfer Of shares the term of 0
duties and conduct of ther officers and
and wants, and all matters whatsoever "
,ixtV may appertain to the concerns ot said co
With ny; and tue said board Of directors
,ciIi haye power to appoint such engineers, ag
q re. and eubordinstes as may from time to 11a
onIe necessary to carry into effect the object oi
,hieS act, and to do all acts and things touehinl
"a - locetion and construction Of said road
49,. telegraph, Said directors may require
gET ;eer ment Of subscriptions to the capital 81
usss after due notice, at ouch times and in
~ ~ proportions as they shall deem necessal
nat complete the railroad and telegraph With
Ehat time in this act prescribed. Said presl
nv a | vice president and directors shall loid
tha office for three years, aud until their su
West sors are duly elected and qualified,
He such less time as the bylaws OF the co!
John tod may prescribe; and majority OF g