Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-10-01

from and treasurer srch bonds as uny b
deemed proper, and from time 10 time in
crease the amount thereof as they NAV deeu
proper. The secretary shall lie sworn to th.
faithful Performance of his duties. and sucl
oath shall be entered upon the records of The
company. signed by him. and the oath veri
fed thereon. The president and secretary d
said board shall in like manner call othe,
meetings, naming the time and place thereof
II shall be the duty of said board Of commits
sioners TO open books or cause books to b
opened at such times and in such principal
cities o. ether places in the United States =,
they or quorum of them shall determined
within six months after the passage of thi.
act, to receive subscriptions TO the capital
stock OF said corporation, and cash pay.
mcnt of ten per centum OH all subscriptions
and to receipt therefor. So soon as twenty
thousand shares shall in good faith be sub.
scribcd for, and ten dollars per share actually
paid into the treasury of the company, the
said president and secretary of said board Of
commissioners shall appoint time and place
for the first meeting of tho subscribers to the
stock of said company, and shall give notice
thereof in at least ono newspaper in each
State in which subscription books have been
opened, al least fifteen days previous 10 the
day of meeting, and such subscribers as shall
attend the meeting 80 called. either in person
or by lawful proxy, then and there shall elect
by ballot thirteen directors for said corpora
tion; and in such election each share of said
capital stock shall entitle the owner thereof
to one vote. The president and secretary OF
the board of commissioners, and, IN case Of
their absence or inability, any two of the
officers of said board, shall act as inspectors OF
said election, aud shall certify under their
hands the names of the directors elected at
said meeting; and tho said commissioners,
treasurer, and secretary, shall then deliver
over to said directors oil the properties,
subscription books, and other books in their
possession, and thereupon the duties Of said
commissioners and the officers previously ap.
pointed by them shall cease and determine
forever, and thereafter the stockholders shal,
constitute said body polite and corporate.
Annual meetings of the stockholders Of the
said corporation for the choics Of officers
(when they are to be chosen\ and for the
transaction Of business shall be holden at
such time and place and upon such notice as
may be prescribed in the by-la ws.
Sec. 2. And be 1t further enacted, That
tho right of way through the public lands be
and tho same is hereby granted to the said
" Northern Pacific Railroad Company" its
successors and assigns, for the construction
of railroad and telegraph as proposed; snd
tho right, power, and authority il hereby
given to said corporation to take from the
public lands, adjacent to the line Of said road
material of earth stone. timber, and SO forth,
for the construction. thereof. Said way is
granted to said railroad to the extent Of two
hundred feet in width on each side Of said
railroad where it may pass through the public
domain, including all necessary grounds for
station buildings, workshops dspots, machine
shops, switches, side tracks, turn table, and
water stations; and the right of way shall be
exempt from taxation within the Territories
of the United States. The United States
shall cxtinguish. as rapidly a. may be con-
sistent with public policy aud tie welfare OF
the said Indians, the Indian titles to all
lands falling under the operation Of this act,
and acquired in the road named in this
bill.
Sec. g. And be it .fl1her enacted. That
there be and hereby is granted to the "North-
crn Pacific Railroad Company" its success
sors and assigns, for the purpose Of aiding in
the construction of said railroad and tele-
graph line to the Pacific coast, and to secure
the safe and speedy transportation OF tue
mails, troops, munitions OF war, and public
stores. owe. the route of said line Of railway,
avery alternate section of public land, not
mineral, designated by odd numbers, to the
amount of twenty alternate sections per mile,
on each side of said railroad line, as said
company may adopt. through the Territories
of the United States, and ten alternate sec
tions Of land per mile on each side OF said
railroad whenever it passes through any
States, & whenever, on the line thereof, the
United States have full title, not reserved.
sold. granted, or otherwise appropriated, and
free from prescriptions Or other claims
or rights. at the tune thaline Of said road ID
definitely fixed, and . plat thereof filed in
the Office of the Commissioner Of the General
Land Office; and whenever. prior to said
time, any Of said sections or parts Of sections
shall have been granted. sold, reserved. oc'
cupicd BY homestead settlers. or Pre-empted
or otherwise disposed Of, other lands shall be
selected by said company in lieu thereof
under the direction of the Secretary Of the
Interior, in alternate sections. and DESIGNATED
bv odd numbers, n1 more than ten railcs be-
vond the limits Of said alternate sections
Ptor,,ied, That il said route shall be found
upon the lire of any other Railroad route 'e
aid in the construction II which lands hass
been heretofore granted by the Unii-d States
a. isr as the routes are upon the same gener.
al line. the amount Of land heretofore granted
shall be deducted from the amount granted
bv this act Proriied. further. That the
railroad company receiving the previous gran,
Of land may assign their interest TO SAID
q Northern Pacific Railroad Company. OF
NAV consolidate. confederate. and associate
with said company upon :he terms named u