Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-03-07
,rLANrIc ANn pAcIFrc nAIIRoAn

In the United States Senate, on the
ID, Mr.. Brown called up the bin 10 grant
lands in aid Of the construction Of rail-
road from Springfield, Mo, to the Pacific,
which was passed. Il endOws the Atlan-
tic and Pacific Railroad Company with
the essential functions Of body corpor-
ate and polite, and authorizes il 70 con-
struct a railroad and telegraph line from
! Springfield, Mo, via the Canadian river,
! at point between the 95th and 9Sth me-
| ridian, the headquarters OF the Rio Pecos
! Companies near Anticho, to the town Of
/ Albuquerque, on the Del Nortre, and via
/ Aqua FriO, or other suitable places, 70
/ the headwaters OF the Colorado; and
/ thence along the S5th parallel of latitude
/ 10 the Colorado river; thence by the
most practicable and eligible route TO the
Pacific.
A branch from the junction with the
Canadian river 20 the boundary line Of
Arkansas, near Van Buren, is author
lied.
The capital stock Of the company con-
sists Of one million dollars, in shares of
S1O0.
The first meeting of the Board Of Com
missioners shall be held at Turner'S Hall,
st. Louis, January I, 1867, or at such
time within three months thereafter as
shall be determined by the Commission
ers, notices being published in papers in
Boston, New York, Cincinnati, St Louis,
Memphis and Nashville four weeks pre-
viOusly.
The opening Of subscription books in
the various cities Of the United States is /
required within twelve months after the
passage of the bill. Ten per cent. of cash
payment must be made on the amount of
subscription.
First meeting Of stockholders may be
called when 10000 shares are subscribed .
TO, with notices in such States where I
subscriptions are made fifteen days be- /
fore the meeting, who may elect, 10y per- /
son or lawful proxy, thirteen directors, /
each share being entitled to one vote. /
The President and Secretary Of the Com /
missioners shall act a. inspectors of the I
election. The second sectilG grants the I
right Of way through public lands, with .
the right TO take saves, timber and earth
from adjacent land for the purpose of
construction. Two hundred feet on each
side Of the road is granted throughout the
public domain, including the grounds ne
cessary for station building, workshops,
depOis, machine shops, switches, side
tracks, turn tables and water stations.
An extinction Of Indian titles as rapidly
as possible shall be accomplished as 10 all
such lands falling under such grant, but
not without the consent of the Indians
holding them.
The third section grants alternate sec
tons of land, not mineral, 10 the amount
IF twenty per mile on each side through
Territories, and ten alternate sections
Jn each side in its passage through States;
)ut where any such lands have been sold,
granted, reserved, or pre-empted, other
a. a. I
Bat coal and iron lands shall not ba re-
sarded as mineral. No money shall he
AIKEN from the treasury to build the
Dad.
Section fourth provides for issuing pat .
,nts for these lands, rs each twenty-five
consecutive miles shall be completed in
good, substantial and workmanlike
manner.
Sec. ). The road is required TO be built
4 American iron, equal in all respects to
abroad Of the first class, and the gauge :
% be uniform; and a substantial tele- c
-raph line is required, which may not
harge the Government more than indi-
idUals for similar services.
See, 6. Allows the even sectiOn=-the
dd sections being reserved by this act
D be pre-empted, and when offered for
ale the price is fixed at = 90 per acre.
Sec. Z. Regulates the purchase of such
dditional lands as may be required for
or working the road.
See. s. Requires the commencement of
obstruction within two years, the COM
letion of not less than fifty miles each
ear, and the construction and equip
lent Of the wholeline by the 4th Of July,
SIS.
Sec. 9. Authorizes Congress TO do all
llnss necessary for its completion, ifany
these conditions remain unfuldlled FOR
ne year
Sec. 10. All people Of the United States
lall have the right TO subscribe TO the
ock until all the capital shall be ta-
en- up.
Sec. II. Congress may regulate its use
nd compensation as a post or military
ute. :
Sec. y. Acceptance Of these condi-
ons shall be signed in writing within q
30 years. :
See. Is. Requires the Directors to make ;
I'D publish an annual report and desig- y
ate their powers. ,
See. II. Relates Ito the duty Of other :
hcers, and requires every director 10 :
q stockh0lder. :
See. Is. The directors hold Office for q :
rm not exceeding two years: seven | :
al constitute quorum. ;
See. l6. All payments, after the first, ,
,on subscriptions may be designated by !,
e directors, and all shares unpaid shall :
forfeited.
Sec. Il. Authorizes the acceptance Of
" grants or donations from Congress,
ate Legislatures or Indian tribes; pro-
des that grants from Indian tribes shall
subject to the approval of the Presi-
mt OF the United States.
Sec. Is. Authorizes the Southern Pa
&c Rrilroad Of California 10 connect
th the Atlantic and Pacific Railroad
ar the boundary of California
Sec. -. Authorizes the Northern Cen
Al Railroad of Nevada to construct =
anch road % connect with the Atlantic
d Pacific Railroad.
Sec. 20. Provides that unless the At =
ltic and Pacific Railroad shall obtain l
Q authorized subscriptions Of its stock
the amount Of million dollars. ten
r cent. 70 be paid within ten years, this
shall be null and void.
Sec. p. Authorizes the repeal or
Of this act by any Congress
any time.