The Van Buren press., 1866-12-28

the property Vi Ssssu ISt~Tus fucWc NdH-
road QompaRy, except as hereinafter pro.
vided. .tI N
Article 4. On Tuesday, the 10Th day OF
January, 1861, at the Office of the Mem
phis and Little Rock Railroad Company,
in Little Rock, the stockholders of the
Memphis and Little Rock, and Little
Rocl; aud Fort Smith Railroad Compa.
nics, shall elect nine Directors. from the
stockholders of the said consolidated
companies, who shall hold their Offices
for twelve months, and until their sue
ccssors are elected aud qualified, and an
nually thereafter, ut such time and place
rs the Directors may appoint.
Article 3. The domicil of said CeN'fGl
Paefe Rai'road Company shall be at such
place as the directory OF the company
may determine
q Article O. The work of construction
shall begin opposite Little Rock, and
proceed wcstwardly on or before the lst
day of July, 1867, and Il section ftwen-
ty (20) miles prepared for superstruc-
ture on or before the lst day Ct January,
1865, and the same completed OH or be
fore the FIST day of July, 1868 and the
road shall be completed to point oppo-
site Lcwisburg, on or before the first
(lst) day of July, 1869; and to Norris
town, or n point opposite, on or before
the first lst) day of July, 1870; and to
Spadra Bluff on or before the first (lst)
day Of July, 1871 and to Ozark, on or
before the first (lst) day of July, 1872;
and the entire road shall be completed
on or before the first (lst( day of July,
1873.
Article l. Spacious and comfortable
station houses, with convenient platforms,
for the accommodation of passengers
and freight, shall be built, as the road
progresses, at points opposite Lewisburg,
and Norristown, and at Spadra Bluff,
Ozark, Van Buren, and Fort Smith.
Article 8. The principal machine shops
and works of the company, west Of Little
Rock, shall be established at, or near,
Van Burcn, on the north side Of the Ar
kansas river.
Article 9. a first class railroad shall
be made in every respect, and the width
Of excavations shall be at least eighteen
(lS) feet at grade, and of entertainments,
at least twelve (l2) feet at grade.
Article 10. Stockholders of the Little
Rock and Fort Smith Railroad Compa-
ny shall have the privilege Of withdraw
ing their subscriptions to the extent of
the amount yet due, or of continuing
the same, as they may elect, and those
who have paid on subscription an
amount equal to twenty five (25) dol
lars, or any multiple OF the same, shall,
if they desire to withdraw the amount
unpaid, receive a certificate Of stock in
the Central Pacific Railroad Company
for the amount paid, and if the amount
paid shall not make an even twenty five
(25) dollars, then each and every stock
holder shall have the privilege ofpaying,
at any time within six moe r"am the
RIA n rhastract, an amc ssos e. ,'sient
d, ~. III tns antI.. D. ~ o.,,a
Rail1Ga ever rrmpany for the eSqg,ltlRi g,l!itlie, n'"
Article IL. If it shall appear manifest
that, by reason of the casualties of war,
or from any other cause, any stockholder
has lost his receipts for payments made
on subscription, he shall make an aaida-
Wit to that effect, and Of the amount he
has paid, and said affidavit, when approx
ed by the President Of the Little Rock
and Fort Smith Railroad Company, shall
be 4 sufficient voucher III evidence oft
same.
Article l.. All persons who are set
tiers upon any Of the lands of said Little
Rock and Fort Smith Company, who, on
the twenty eighth (2Sth) day Of July,
1866, actually resided upon the same,
shall have the privilege of purchasing
not exceeding one hundred and sixty
(Go) acres OF said land, at a price not to
exceed two and one-half dollars per acre
and the Central Pacific Railroad Company
shall give notice to said settlers, by pub
ication in two newspapers published at
Little Rock, and one each at Van Buren,
and Fort Smith, and by public notice,
posted at the county seat OF each county
in which said lands lie, and settlers shall
have six months after said notice is civ |
en-, in which to make proof and file the
same in the land Office Of the Central Pa
cFc Railroad Company, and upon making
payment for their land, upon such terms
as may be determined by said Central
Pacific Railrood CompOny, in respect to
time and manner ofpayment, they shall
receive 4 deed for the same, Progiaed
Said Central Pacific Railroad Company
shall not require payment to be made be
fore said lands shall have Injured to said
company, under the act Of Congress, of
July 2Sth, 1866.
Article l3. The Little Rock and Fort
Smith Railroad Company reserves the
right to pass and decide upon all accounts
or claims that may now be outstanding
against it, which shall, if approved by
said company, be paid out of any money
in its possession, Procided, That the
rights SO reserved shall cease to exist in
twelve (l2) months from the date of this