Charles City Republican intelligencer. [volume] (Charles City, Iowa) 1861-1864, 1862-09-04

west foot of the Sierra Nevada mount
ain, there shall be reserved of each
part and instalmcnt twenty-five per
centum, to be and remain in the Uni
ted States Treasury, undelivert I'M
ill said road and all parts thereof pro-
.vdcd for in this act are entirely com
pleted and of all the bonds provided
10 lie delivered for the said road, be-
tween the two points aforesaid, there
shall be reserved ont of each Install
ment fifteen per centum, to be and re-
main in the Treasury until the whole
of the road provided for in this act is
fully completed; and if the said road,
OF any part thereof, shall fail Of COM
pletion at the time limited therefor in
this act, then and in that case the said
part of said bonds so reserved shall
lie forfeited to the United States.
Sec. 49, Ind be il further enacted, That when
ever it appears that the net earnings
of the entire road and telegraph, in.
GLIDING the amount allowed for SER
vices rendered for the United States,
after dcducting all expenditures, in
cluding repairs and the furnishing,
running, and managing of said road
shall exceed ten per centum upon it's
cost, exclusive of the five per ccntum
to be paid to the United States, Con.
gross may reduce the rates of fare
thereon if unreasonable in amount,
and may fix and establish the same by
law. And the better to accomplish
the object of this act, namely, to pro.
mute the public interest and welfare
l'y the construction of said railroad
and telegraph line, and keeping the
same in working order, and to secure
10 the Government at all times but
particularly in time of wary the use
aud benefits Of the same for postal,
military, and other purposes, Congress
may, at any time, having due regard
for the rights of said companies named
herein, add to, alter, amend, or repeal
this act.
Sec. 10. And be il further enacted, That the sew
rral railroad companies herein named
are authorised to enter into an arrange
mcnt with the Pacific Telegraph Com
pany, the Overland Telegraph Com
pany, and the California State Tele-
graph Company, so that The present
line Of telegraph between the Missouri
river and San Francisco may be moved
upon or along the line of said railroad
and branches as fast as said road and
branches are built !; and If said ar.
rangemcnt be entered into, and the
transfer Of said telegraph line be
made in accordance Herewith to the
line of said railroad branches, such
transfer shall, for all purposes Of this
act, be held and considered a fulfil
ment on the part of said companies Of
the provisions of this act in regard to
the construction of said line Of teic.
graph. And, in case of disagreement,
said telegraph companies are author.
ized to remove their line of telegraph
along and upon the line of railroad
herein contemplated without prejudice
to the rights of said railroad compa-
MES named herein. ... ..a" "#
Sec 20. .And Be IL further enacted, That the
corporation hereby created and the
roads connected herewith, under the
provisions of this act, shall make to
the Secretary Of the Treasury an an
nual report wherein shall be set
forth r ..aaa.sI
First. The names Of tho stockhold-
crs and their places Of residence. 30
far as the same can be ascertaincd /;
Second. The names and residences
Of the directors, and all other officers
VI the company; aHHag Ls
Third. The amount Of stock sub
scribed, and the amount thereof actu-
Fourth. 4 description of the lines
If road surveyed, of the lines thereof
fixed upon for the construction of the
road, and the cost of such surveys;
Fifth. The amount received from
passengers on the road .
Sixth. The amount received for
freight thereon . 4 '.aar.ts
Seventh. A statement of the cx-
pcnsc of said road and it's fixtures
Eighth. A statement of the indebt-
cdncss of said company, setting forth
the various kinds thereof Which re-
port shall be sworn to by the presi-
dent of said company, and shall be
presented to the Secretary of the
Treasury on or before the first day Of
July in eacn year.
Approved July /, 1862. l E.la