The Albany register. [volume] (Albany, Or.) 1868-18??, 1869-06-12

No. l9.-Joint Resolution for the protec-
tion of the interests of the United States IN
the Union Pacific Railroad Company, the
Central Pacific Railroad Company, and for
other purposes.
Be it resosved 6y the Senate and House Of Rep
resentatiCes If the United States cf Il naericG
in Congress assembled,
That the stockholders of the MON Pacifi,
Railroad Company, at meeting to be held
on the twenty second day of April, eighteen
hundred and sixty-nine, at the city OF Bos-
ton, with power to adjourn from day to
day, shall elect board of directors for the
ensuing year and said stockholders are
hereby authorized to establish their general
office at such place in the United States as
| they may select at said meeting; Prousded,
That the passage of this resolution shall not
confer any her right upon said Union Pa
/ cifc Railroad Company than to hold such
| election, or be held in any manner to rclin-
qui-h or waive any rights of the United
] States to take advantage of any act or neg
| lect of said Union Pacific Railroad Company
| heretofore done or omitted whereby the
| rights of the general government have been
or may be prejudiced: And provided fl''-
| Mer, That the common terminus OF the
| Union Pacific and the Central Pacific Kali
/ roads shall be at or near Ogden and the
Union Pacific Railroad Company shall build,
and the Central Pacific Rairoad Company
| pay for and own the railroad from the ter
minus aforesaid to Promontory summit. at
| which point the rails shall meet and connect
| and form one continuous line.
| Sec. 2. And be it further res0tcrd. That
| to ascertain the condition of the Union Pa
| cific Railroad and the Central Pacific Rail-
| road, the President of the United States -
| authorized to appoint board OF eminent
| citizens, not exceeding five in number, and
4 who shall not be interested IN either road, to
| examine and report upon the condition OF,
! and what sum or sums, if any, will be
| quired to complete each of said roads, for
the entire length thereof, to the said ter
| minus first-class railroad, in compli-
ance with the several acts relating to said
roads; and the expense OF such board, in
cluding an allowance of ten dollars to each
for their services for each day employed IN
such examination or report, to be paid equal
ly by said companies.
SEC 3. And be it further rssolred, That
| the President is hereby authorized and re-
quired to withhold from each of said COM
panies an amount of subsidy bonds authoiiz-
ed to be issued by the United States under
said acts suffirient to secure the full COM
pletion first class road of all sections
of such roads upon which bonds have ell
| ready been issued, or in lieu OF such bonds
he may receive such security equal
amount of the first mortgage bonds of such
company; and If it shall appear to the Pres
ident that the amount of subsidy bonds yet
to be issued to either of said companies IS
insufficient to insure the full completion of
such road, he may make requisition upon
such company for a sufficient amount of
bonds already issued to said company, or n
his discretion of their first mortgage bonds,
to secure the full completion of the same
And in default of obtaining such security as
[isI in this section provided. the President
may authorize and direct the Attorney Cen
eral to institute such suits and proceedings
f on behalf and in the name of the United
States, in any court of the United States
) having jurisdiction, as shall be necessary or
, proper 10 compel the giving OF such security,
and thereby, or in any manner othe rwise, to
protect the interests of the United States in
said road, and to insure the full completion
thereof as first class road; as required by
law and the statues in that case made.
Sec. 4. And be 1t further resotred, That
the Attorney General of the United States
f be, and he is hereby. authorized and di-
rected to investigate whether or not the
charter and all the franchises of the Union
Pacific Railroad Company and of the Gem
trail Pacific Railroad Company have not been
! forfeited, and to institute all necessary and
proper legal proceedings; also to investie
gate whether or not said companies have OIL
+ have not made any Illegal dividends upon
their stock, and if so TO institute the neces-
e sary proceedings to have the same reirc
e bursed and also to investigate whether aay
+ OF the directors or any other agents or EN-
: ployees OF said companies have or not vip-
2 lated any penal law, and il so to institute
the proper criminal proceedings against all
persons who have viola, ed such laws.
|. Approved, April 10, 1863.