North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1868-07-01

and we trust we shall be able to raise suf-
ticient means to extend it to the Missouri
River, and hope that the present or some
future attorney General will try to aid
us in developing the great undeveloped re-
sources of that part of your great and
prosperous State.
Respectfully your Ob't Serv't
~ RUSSELL SAGE,
President Of the McGregor & Sioux City
Railway Company.
Resolutions Formed by the Nc Grego, &
Sioua City Railuay Company, Accept-
ing the law ofls6s granting lands
de-, to them.
Resolution passed by the Board of Dr.
rectors of the McGregor & Sioux City
Railway Company, April 2Sth, 1868, and
filed with the Secretary of State, Of the
State Of Iowa:
Resolced, That we assent to, and accept
the provisions of the act making a grant
of land to the McGregor & Sioux City
Railway Company, or in case of their
failure to accept the same, to the 43d Par
allel Company, and to execute the trust
conferred by act of Congress entitled, "An
act for a grant of land to the State of Iowa,
in alternate sections, to aid in the con-
struction of a railroad in said State,'' APP
proved May 18th 1864, passed by the leg
islature of the State of Iowa, at its session
in 1868.
That while accepting said act, we pro-
test against the right assumed by the State
of Iowa to make such rules and regula-
tons and rates of tariff for the Transports
ton of freights and passengers, as may
from time to time be enacted and provided
by the General Assembly Of the State OF
Iowa and we also protest against all 9th
er conditions and limitations, restrictions,
and p~rovisos contained in said act, which
are not contained in said act of Congress,
approved May 18th, 1864, granting said
JANUS AAdt VIC Cidlul tuuI All VI Sisiu mul-
tiers not contained in said act of Congress
are unwise in policy, unjust as against
private vested rights, and entirely unau-
thorized by the act of Congress, and by
the constitution of the State of Iowa ; and
for the above and other reasons, wholly
imperative, illegal and void. That said
restrictions in our judgment will SO ham.
per us and depreciate our credit in the
money markets of the world as to render
it wholly impossible FOR us to raise the
$3,OOO,OOO cash, AMI upwards, required to
complete said line of railroad in accor.
dance with the terms of said act. That
we accept said act in good faith, meaning
to use our best efforts to get the road con-
structed, and that we rely upon the henor
and good faith of the State of Iowa, re-
presented by the General Assembly, to re.
move raid restrictions and limitations, and
to place this line of road upon the same
general footing as respects that Legislation
that they have placed tho line from Clinton
to Council Bluffs and when they have Sc
placed us, we will use every reasonable
exertion to construct said road as speedily
as possible to the westerly line of the
State of Iowa, and from thence to the
Missouri River, on or heal the 43d paral.
lei of latitude. -g . a..s.-
Cory OF RELEASE and Waiver ofthe Nc.
Gregor Western to the McGregor & Sioux
City Company.
In pursuance OF the authority confer
red by the resolution Of the Company, ani
the requirements Of II statute Of the State
of Iowa enacted at the session of the legis,
lature Of said State in 1868, entitled San
Act making a grant of land to the McGre-
gor & Sioux City Railroad Company, SC
The McGregor Western Railway Company
hereby transfers and assigns to the Nc
Gregor & Sioux City Co., its successor.
and assigns all and any claims, rights OF
interest, or pretended claim, right or in
terest of said McGregor Western Railway
Company, its successors or assigns, in OF
to any of the lands granted to the State O
Iowa by act of Congress, approved May
18th, 1864, which claim, right or interes
arises out Of or is on recount of any rail
road already constructed, And hereby
makes q full, absolute, legal and ~effectua
waiver, release and surrender of the said
claims as above described 20 the McGregol
& Sioux City Railway Company:
In witness whereof the said McGregol
Western Railway Company has caused
their name to be assigned hereto by tn,
Vice President and Assistant Secretary
and their corporate seal to be attached
hereto.
McGregor & Sioux City Ry. Co.
by N. A. CowDREY, Vice Pres.
j. NJ. BoKEE, Asst Sec'y.
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