The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1864-02-12
AN ACT TO AMEND THE CHAR.
TER OF THE ST. PAUL AND
PACIFIC RAILROAD COMPANY.

Bs it enacted by the Legislature of the State Of
Minnesota:
SECTION /. The Saint Paul and Pacific Rail-
road Company shall have power to create and
issue, in such manner and on such terms as it
may deem eXpedient, one or more classes of
preferred stock and special stock, and to make
such agreements as it may deem proper with
the respective holders thereof, as to the divi-
dends thereon, and the securities for such dlyl-
dends and to make such agreements as it
may deem proper with the holders OF any
such special stock for the appropriation OF the
net earnings of any portion of the railroad
which it may construct or otherwise acquire to
the payment of dividends on such special
stock as may be issued in respect thereto;
which appropriation, as made by such agree
ment, shall be effectual to secure to the SAID
and future holders of such stock, the applica-
ton Of such net earnings as in the said agree
ment provided against any future act OF the
company or any of its general liabilities
And the said company may make such agree
ments as it may deem proper with the holders
of any such special stock, as to the admmls-
tration of the portion Of said railroad and the
land grant appertaining thereto, to which said
stock may pertain; and for the separate Or
ganization of the holders of such special stock
for the purpose of that administration, and en-
abling them or directors chosen by them, sep
arately or in conjunction with the other direct
Ors, to exercise in respect to the portion OF the
road to which such special stock may pertain,
all the powers of the company, subject to the
provisions of such agreement when made ana
entered into.
SEC. 2. The Saint Paul and Pacific Railroad
Company shall have power to provide in any
mortgage or deed of trust which it may issue,
covering or conveying any portion OF its road
now built, or hereafter to be built that the
holders of the bonds secured by such deeds OF
trust or mortgage shall have the right to vote
at any meetings held for the election OF direct
Ors OF said company, or for any other purpose;
such voting power to be to such extent as may
be provided for, either in such deed of trust or
mortgage, or in the bonds issued by said COM
pany. And all meetings, both OF directors or
stockholders of said company, may be held
either within or without the State of Mime
sofa, in the city of London, England, or in any
foreign state or country, as shall be provided
for in the bylaws of said company: and all or
any of the directors may be residents of the
city of London aforesaid, or ofany foreign state
or country.
Sec. 8. The Saint Paul and Pacific Railroad
Company may consolidate the whole or any
portion of its branch railroad from Saint Paul
to Winona, and all the property, rights, pow
ers, franchises, grants and effects pertaining
to such branch railroad, with the rights.
powers, franchises, grants and effects, of
any other railroad company, either within
| or without this State, upou such terms
| jority of the directors of such respective
companies may respectively agree; and the
Railroad Company in which such branch rail-
road shall become vested by such consolida-
ton, shall thereafter hold and enjoy all rights,
| grants, powers and franchises in respect to
such branch which the company possessed be-
| fore the consolidation but the said Saint Paul
and Pacific Railroad Company shall remain
vested with all it's other rights, powers, prvile-
| ges and franchises; and the said Saint Paul and
Pacific Railroad Company may, in like man
ner, consolidate any other portion or part OF
its main line, or any or all of its branches also
| with any other railroad company or compa.
MES, either within or without this State, or
any other State or country, foreign or do
nestle.
SEC. 4. The st. Paul and Pacific Railroad
Company shall have the right to construct and
| maintain suitable bridges over any stream or
| river upon the line of its road and branches, or
| with any other road in this State or any other
| Of the United States, or any foreign state or
| country, but shall maintain suitable draws over
all navigable streams, so as not to materially
impede navigation.
SEC g. Whenever the st. Paul and Pacific
Railroad Company shall complete ten continu-
GUS miles of the main line of said road from
some point on the present constructed line in
| st. Anthony, by the way of Minneapolis. west
wardly, with regular trains running thereon,
the Governor shall certify the same to the Sec
rotary of the Interior, and thereupon further
quantity of 12O sections of land shall vest in
said company, and so on as often as any further.
| twenty continuous miles shall be completed
with regular trains running thereon, the Gov
ernor shall in like manner certify the same to
| the Secretary of the Interior, and further
quantity of 12O sections of land shall vest in
| said company.
SEC 6. The St. Paul and Pacific Railroad
Company shall have the right to relocate the
| lines of its road and branches so as to run and
construct the main line from st. Anthony, by
| the way of Minneapolis, to any point between
the foot of Big Stone Lake and the mouth of
Sioux Wood River, and the branch from Saint
| Anthony to the Red River of the North, so as
| to run and construct the same from some point
at or near st. Cloud to any point in the inter
national boundary near the Red River OF the
North And it shall not be required of the
| said company to construct or MAINTAIN the SAID
branch road to or by the way of Crow Wing.
| Sec T. The st. Paul and Pacific Railroad
Company shall complete those portions of their
| road from Saltwater to st. Paul, and from st.
Anthony by the way of Minneapolis westwardly,
| the distance of twenty miles, within two years,
and the remaining portion of the main line.
| and that part of the branch line from st. Cloud
to the Red River of the North within five
years, and there shall be no forfeiture OF any OF
the lands, property, privileges, rlghts or iran
chises of the said company, for failure to
complete the same or any part thereof prior 10
| the times above specified.
SEC 8. The said st. Paul and Pacific Rail-
road Company is hereby authorized and en-
powered to extend, survey, locate, construct
maintain and operate its road from some poinI
at or above St. Cloud to the westerly end OF
Lake Superior; and for the purpose of extend
ing, locating, constructing and operating the
same, the said company shall have and may ex-
ercise all the rights immunities, privileges and
franchises conferred in and by its charter, and
which are applicable to any other portion OF its
road or branch road.
| SEC. " This act shall take effect and be in
force from and after It's passage.
Approved, Feb. E, 1864.
Fioggtng and Spelling.
The following letter has been received by