St. Cloud Democrat. [volume] (Saint Cloud, Stearns County, Minn.) 1858-1866, 1864-02-04
Observation-Disclosures I'M.
lpxITANT BILA.

On Thursday last Senator Rice in
troddced'iato the Senate bill for al
act to amend the charter of the St
Pau" and Pacific Railroad Company
1.-THE bill is long, an we satisfy cur.
selves with Condensed review uf the
opening $, ctionS, from the Press, and
| with copying the last three sections,
for the informative, of our readers:
III provides that the Company shall
have power to create and issue in such
manner and un such ten as it may ueem
expedient. one or Morc classes of Preferred
Stock, and oil Special Stock, &c, with pro.
visions Tor the application uf not earnings
to the payment at such stock. ~"..-
''Mcrt:"Ss Vt Evaru vi directors or Stock.
holders may be lrld within Or wi,hou,
the State, III the city Of London, England,
"r II" any foreign State Or country &C.,
md 'aI or amy ot-,I,e Directors may be
Residents Of the city Of London
",he Company may consolidate the
VIII lie or amy portion vi Its m.,in line or
its branch ru:,d trum st. Paul to Ni,loua,
ul aAy her branch, with al. the anchises,
&C.. thereof with any o.her company,
either within or unl OF IL. State, or any
torei.n Company.
The closing Scctiol,s are:
Sf-'. u, The ST. raul aud Pacific Rail
road Company shall have the right 70 re-,
locate the lines Of its road and branches so
rs to run and construct the main line from
S.. Anthony, by the way Of Minneapolis,
to any point between the foo, Of Big Stone
Lake aud the nlouh ct Sioux Wood River
and The branch from St. Anthony TO the
Red River VI the North. so as to run ans
coa>truc' the same from some point ut or
neal st. Cloud TO any point in tic interna
tion.l boundary near the Red River Of the
North, and it shall not be required Of said
company to construct or maintain the said
branch road to or by the way Of Grow wing.
5 T.. The st. Paul ant Pacific Rail-
road Company shall complete those por-
tons Of their road, from Saltwater to ST.
Paul, and from St. Anthony. hy the way
vi Minneapolis wes.waraly, the distance Of
twenty miles within two years, and the re
naming 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 TO forfeiture of
any Of the lands, property. privileges,
rights or franchises Of the said company,
for failure to complete the same or any
part thereof, prior to the times above spec
flied. y
Sac. 8. The St. Paul and Pacific Rail-
read Company is hereby authorized and
empowered to extend, survey, locate, con-
struc,. maint in and perate is road from
some point at or above St. Cloud to the
westerly end Of Lake Superior; and for
the purpose Of extending. locating, con-
strnc'ing and operating the same, the said
Company shall have and may exercise all
the rights, immunities, privileges and fran
clIisesconfcrred1 in and by its charter, and
which are applicableto any portion Gifts
road Or branch road.
If the last section means anything
I'D there is always strange ambigui-
ty about Legislative bills-it means
that tue St. Paul and Pacific Railroad,
OF which Senator Rice is President, is
willing to accept the land grant and
build the,1St. Cldail and Lake Superior
Railroad, as designated ty the Eegis-
lature last winter; work which it has
heretofore declined or pretended to de-
cline But we shall await the further
action Ut the Legislature in the matter
before saying anything additional; and
when tho bill shall have passed through
the various and inevitable manipula-
tons to which it is destined, we shall
publish it entire.