, 1864-10-03

pcrty, and shall be transferable in such
manner as the bylaws Of said corporation
shall provide. The persons hereinbefore
named are hereby appointed commissioners,
and shall be called the board of commission
ers Of the " Northern Pacific Railroad Com
pany." and fifteen shall constitute quorum
for the transaction Of business. The first
meeting of said board of commissioners shall
be held at the Melodeon Hall. in the city
of Boston, at such time as any FIVE commis-
sioncrs herein named from Massachusetts,
shall appoint. not more than three months
after the passage of this act. notice Of which
shall be given by them to the other commits
sioners by publishing said notice in at least
one daily newspaper in the cities Of Boston,
New York, Philadelphia, Cincinnati, Mil
waukie, and Chicago, once a week at least
four weeks previous to the day of meeting.
Said board shall organize by the choice from
its number Of a president, vice president,
secretary, and treasurer, and they shall re-
quire from said treasurer such bonds as may
be deemed proper, and may from time to
time increase the amount thereof as they
may deem proper. The secretary shall be
sworn to the faithful performance Of his
dut es, and such cath shall be entered upon
the records of the company. signed by him,
and the oath verified thereon. The presi-
dent and secretary Of said board shall in
like manner call all other meetings, naming
the time and place thereof. 1t shall be the
duty of said board Of commissioners to open
books or cause books to be opened at such
times and in such principal cities or other
places in the United States as they or
quorum Of them shall determine, within six
months after the passage Of this act, to re-
ceive subscriptions to the capital stock Of
said corporation, and cash payment Of ten
per centum on all subscriptions, and to re-
ceipt therefor So osoOn as twenty thousand
shares shall in good faith be subscribed for,
and ten dollars per share actually paid into
the treasury of the company, the said pres
ident and secretary Of said board of CON-
missioners shall appoint time and place
for the first meeting Of the subscribers to
the stock Of said company, and shall give
notice thereof in at least one newspaper in
each State in which subscription books have
been opened, at least fifteen days previous
to the day of meeting, and such subscribers
as shall attend the meeting so called, either
in person or by lawful proxy, then and there
shall elect by tallot thirteen directors for
said corporation; 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.
-. g hns- a,LslskxV
any two of the cfIicers of said board, shall
act as inspectors Of said election, and shall
certify under their hands the names Of the
directors elected at said meeting; and the
said commissioners, treasurer, and secretary
shall then deliver over to said directors all
the properties, subscription books, and other
books in their possession, and thereupon
the duties Of said commissioners and the
officers previously appointed by them shall
cease and determine forever, and there
after the stockholders shall constitute said
body polite and corporate. Annual meet
ings Of the stockholders Of the said corpo-
ration for the choice 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 pre-
scribed in the bylaws.
See. 2. ARd D. IL further enacted, That
the right of way through the public lands be
and the same is hereby granted to the said
. Northern Pacific Railroad Company" its
successors ndassigns, for DEMONSTRATION Of
arailroad and telegraphas proposed; andthc
right, power, and authority is hereby given
to said corporation to take from the public
lands, adjacent to the line of said road, ma
terial 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 pub
lie domain, including all necessary grounds
for station buildings, workshops, depots,
machine shops. switches, side tracks, turn
tables, 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
as may be consistent with public policy and
the welfare Of the said Indians, the Indian
titles to all lands falling under the operation
of this act, and acquired in the donation to
the lroadl named in this bill.
Sec. 3. AHd be IL fsrtIer enacted, That
there be and hereby is granted to the
T" Northern PaciGc Railroad Company" its
successors and assigns, for the purpose OF
aiding in the construction Of said railroad
and telegraph line to the Pacific coast, and
to secure the safe and speedy transportation
Of the mails, troops, munitions Of. war, and
public stores, over the route of said line Of
railway, every alternate section Of public
land, not mineral, designated by odd num-
bers, to the amount Of twenty alternate sec
tious per mile, on each side Of said railroad
line, as said company may adopt, through
the Territories Of the United States, and ten
alternate sections Of land per mile on each
side Of said railroad whenever it passes
through any States, and whenever, on the
line thereof, the United States have full
title, not reserved, sold, granted, or other
wise appropriated, and free from pre-emP-
ton, or other claims or rights, at the time
the line Of said road is definitely fixed, and
aplat thereof fled in the office Of the Com
missioner 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, occupied by home
stead settlers, or pre-cmpted, or otherwise
disposed Of, other lands shall be selected BY