The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-04-02

sissippt and Missouri Railroad Company
"a corporation then in existence under
the laws OF this StateI certain lands In
said act designated, to aid In building a
railrcad from Davenport to Council
/ Blum, aud fa& #
ii WHEEEAs, subsequently,, to.wit: on
the seth day Of May, A. D. 1850, another
corporation was formed called the Chi
cago, Rock Island and Pacific Railroad
Company In Iowa, to purchase lin part
aud build railruad between the same
paints, sud along or near the line Of the
said Mississippi aud Missouri Railroad,
aud -na ..5H @s@E na5. H #S*' #5"
WHEREAs, The said Mississippi and
Missouri Railroad Company became In
soivent and the said Chicago, Rock
Island snd Paci6c Railroad Company
became the purchaser at a judicial sale
Of all the rights of tire said Mississippi
and Missouri Railroad Company, aud
WHEREAs, The said Chicago, Rock
Island and Pacific Railroad Corporations
subsequently, to-wit: on the 10th day
OF August, A. D. 1896, consolidated It's
stock and corporate rights with that Of
the Chicago aud Rock Island Railroad
Company, corporation existing by vir-
tue of the laws Of tho State of Illinois
with a stipulation and agreement be.
tween the said consolidated companics
that the whole line would adopt the
corporate name Of the Chicago, Rock
Island and Pacific Railroad Company,
and '
WHEREAS. The said consolidate COM
pany has completed the said line of road
as far as the city Of Des Moines and de-
sire to complete the same to the Missouri
river as rapidly AS possible, and for this
purpose desire the use Of said lands 81
granted, to aid in the completion of the
same; therefore .... ..
Sl. Be Il enacted Iy the General IA.
scn.dty Of the !Hate Of Io.sa, That the
consolidation OF the Chicago aud Rock
Island Railroad Company, corporation
created by the laws of the State Of
Illinois with the Chicago, Rock Island
and Pacific Railroad Company Of this
State under the name of the last named
corporation, he and the same il herehy
recognized for the purposes named in
their articles Of consolidation rs record
cd in this State.
az. The said consolidated company il
hereby required to construct, complete,
and operate, its railroad from the city of
Des Moines to point at, or near Council
Bluffs on the Missouri river, Us required
! nv the a-.in,as ~ ,~~~-.r~-,..~...--c
satd Chicago, Rock Island and Pacific
Railroad Company, in this State, SO as
t" enable 1t to connect its line of road
with the Union Pacific Railroad, ut as
early period rs practicable, aud within
two years from the passage of this act,
and I" apply the lands heretofore grant
ed by the General Assembly to the Mis-
sissippi and Missouri Railroad Company
to the building and completion Of said
line of railroad, for which the State of
Iowa hereby grants unto the said con-
solidated railroad company, all right or
Interest the State may have in said
lands, prorided said railroad company
accepting the provisions of act, shall, at
all times, be subject to such rules, regu-
| lations and rates Of tariff for Transports
tion Of freights and passengers az may
from time to time be enacted and pro.
vided for by the General Assembly OF
the State of Iowa, and further subject ia
| tue conditions, limitations, restrictions
and provisions, contained in this aci
and in tllG acts of Congress granting the
the same to the State, aud extending
the time for the completion Of said road
IroUiticd, said consolidated railroad
company shall also apply to such con-
structioD, completion, and the equip
ment thereof, all the proceeds of forty.
nine thousand shares of said capita
stock, issued and sold by said consoIida
ted company, or for it, by or under the
direction Of its executive committee, o
the agents thereof, since the 18th day 0
September last, or so much thereof n.
may be necessary for that purpose, ano
the issuing and sale of said shares of tn.
capital stock, Of said consolidated com
| paIS us Iull palu slaFeS, ana SAFE Oh the
same for less than the sum Of one hun
dred dollars per share, by its officers
are hereby confirmed and declared valid
and the same are, and shall be deemed
and taken to be full paid shares Of sale
consolidated company, issued and sold
for the purpose of completing said line
Of road from Des Moines to Council
Bluffs, and not liable to any calls or as.
sessment. And prorided further, That
the Board of Directors Of said consolida
ted company, shall postpone the annual
meeting Of the stockholders for the elec.
ton of directors thereof, until the first
Wednesday of June, a. %. 1859, and
that said Board Of Directors shall make
and file with the Secretary OF this State,
on or before the first days of July aud
January until said road is completed, a
report in writing verified by the Presi.
dent or Engineer, showing the progress
Of the work, the portions of the road
finished, how much under contract, and
=