Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1868-04-17
LAWS OF IOWA.
PUBLISHED BY AUTHORITY,
CHAPTER Is.

PUBLISHED BY AUTHORITY.
CHAPTER Is. 7
AN ACT providing for and rcquir-
Ing the early construction of the
Chicago, Rock Island and Pacific
Railroad, from Davenport to Conn-
Gil Bluffs, Iowa, upon certain con-
ditions therein named.
WHEREAS, The State of Iowa, by
an act passed and approved on the
14th day of July, Al. d., 1855, granted
to the Mississippi aud Missouri Rail-
road company, Ia corporation then
In existence under the laws of this
State) certain lands In said act tlesig-
mated, to aid In building a railroad
from Davenport to Council Bluffs,
and
WHEREAS, Subsequently, to-wit
on the Goth day of May, A. D., 1865,
another corporation was formed call
ed the Chicago, Rock Island and Pa.
cific Railroad company in Iowa, to
purchase In part) and build rail-
road between the same points, and
along or near the line of the said
Mississippi and Missouri Railroad,
and
WHEREAS, The said Mississippi
and Missouri Railroad company be-
came insolvont and the said Chicago,
Rock Island and Pacific Railroad
company became the purchaser at a
Judicial sale of all the rights of the
said Mississippi and Missouri railroad
company, and
WHEREAS, The said Chicago,
Rock Island and Pacific railroad cor
poration subsequently, to-wit: or the
10th day of August, A. d., 1865, con-
solidated its stock aud corporate
rights with that of the Chicago and
Rock Island Railroad company, q
corporation existing by virtue OF the
laws of the State of Illinois with a
stipulation and agreement between
the said consolidated companies that
the whole line would adopt the cor
porate name of the Chicago, Rock
leland and Pacific Railroad company,
and
WHEREAS, The said consolidated
company has completed the said line
of road as far as the city of Des Moines
and desire to complete the same te
the Missouri river AS rapidly rs posi-.
BILE, and for this purpose desire the
use OF said lands SO granted, to aid
In the completion of the same; there.
fore
SIC. /. Be II enacted on the Gen,
erat assembly Of thc State of Iotoa
That the consolidation of the Chicago
and Rock Island Railroad company
q corporation created by the laws d
the State of Illinois with the Chica
go, Rock Island and Pacific Railroad
company of this State under the
name of the last named corporation
be and the same IL hereby recognized
for the purposes named In their arti
cles Of consolidation ~ recorded In
this State.
SEC. 2. The said consolidated com.
pany Is hereby required to construct,
complete, and operate, lis railroad
from the city of Des Moines To q
point ut, or near Council Bluffs OH
the Missouri river, az required by the
articles of incorporation of the said
Chicago, Rock Island and Pacific
Railroad company, In this State, SC
as to enable IL to connect Its line oI
road with tile Union Pacific Railroad
at as early period as practicable
and within two years from the pas.
sage of this act, and to apply tile
lands heretofore granted by the Gen.
eral Assembly To the building and
completion of said line of railroad
for which purpose the State of lows
hereby grants unto the said consoli.
dated railroad company, all right oi
interest the State may have i'm said
lands, provided said railroad com.
pany, accepting the provisions oI
this act, shall, at all times, be sub.
ject To such rules, regulations, and
rates of tariff for transportation oi
freight and passengers as may from
time to time be enacted and provided
for by the General Assembly Of The
State Of Iowa, aud further subject to
the conditions, limitations, restric-
tions, and provisions, contained In
this act and I'm the acts of Congress
granting the same to the State, and
extending the time for the compile.
tion of said road. Provided, said
consolidated railroad company shall
also apply To such construction, com.
pletion, and the equipment thereof,
all the proceeds of forty-nine thous.
and shares of said capital stock, is-
sued and sold by said consolidated
company, or for Ii, by or under the
direction OF Its executive committee,
or the agents thereof, since the 18th
day of September last, or SO much
thereof as may be necessary for that
purpose, and the Issuing aud sale oil
said shares of the capital stot X, OF
said consolidated company as full
| paid shares, and sale of the same fof
less than the sum of one hundred
dollars per share, by Its officers, are
hereby confirmed and declared valid;
and the same are, and shall be deem.
ed and taken To be full paid shares oil
said consolidated company, issued
and sold for the purposes OF complet.
ing said line of road from Des Moines
10 Council Bluffs, and not liable 10
any calls or assessment. -dad, pro
vided further, That the Board OF Di.
rect0rs Of said consolidated company
shall postpone the annual meeting oil
the stockholders for the election oi
directors thereof, until the first Wed.
nesday Of June, A. D., 1869. and that
said Board Of Directors shall make
and file with the Secretary of this
State, ON or before the first days oil
July and January until said road Ii
completed, o report In writing verifi.
ed by the President or Engineer,
showing the progress of the work
the portions Of the road finished, how
much under contract and the amount
expended thereon; and provided
further, The said consolidated rail.
road company shall signify their ac-
ceptance Of the provisions OF this act
by filing I'm the Office Of the Secrt tary
OF State Of this State, written ac-
ceptance thereof ky the President
aud Secretary Of said company, with.
I'm ninety days from the passage OF
this act.
SEC. 3. In case said consolidated
company shall neglect to comply
with the requirements of this act, II
shall forfeit TO this State all its fran.
ehises and corporate rights acquired
by or under the laws Of this State,
and all lands In such case which
have been granted to aid In the con-
structi0n of said road, or any part
thereof, by this State, Or the United
States, held by said consolidated COM
pany, or by any person or persons by
through or under them, shall be for
fcitcd and shall revert to this State,
any conveyance OF. incufnbrance by
said company TO the contrary notwith-
standing.
SEC. T. Any person who, al the
date Of the filing In the proper de-
partment at Washington, al the maps
showing the location OF the route o.
HrA 90 tha Mtaofs.oiv,rs ~rd AFsa.r..~t