The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1869-06-10
Public Resol1tinn-No. 10. 7

joint Resolution for the protection Of the interest.
| of the United States in the Union Pacific Rail
| road Company, the Central Pacific Railroad
| Company, and for other purposes
| Be it resolved by the Senate and House of Rep
resentatlvts If the United States Of America in
Congress assembled, That the stockholders of the
! Union Pacific Ralr, al Company, at a meeting to
| be held the twenty second day of April. eight
teen hundred and sixty nine at the city OF Boston,
| with power II adjourn from day TO day shall
elect board of directors FIR the ensuing year; and
| said stockholders are hereby authorized 10 estab-
sh their general office at such place in the United
States a. they may select at sad NEE ting: Pro
| yidei, That the passage of dis Resolution shall
not confer any other right npuu said Union Pa
chc Railroad C. mpany than to hold such election,
or be held in any manner to reiluguish waive
any rights Ol the United State. t. take advantage
Of any act o. neglect of said Union Pacific Rail
road Company heretofore done or omitted where
by the rights uf the general government have
been may be prejudiced: And provided further,
Thar the common terminus of The Union Pa
citic and Central Pacific railroads shall bs at
near OGDEN and the Mon Pacific Railroad Com
pauy shall build, and the Central Pacific Railroad
Company pay FIR and own the railroad from the
terminus aforesaid to frumOutOTy summit at
which point the rails shall meet and connect and
form one continuous line.
SEC. >. And be II further resolved, That, to
ascertain the condition of the Union Pacific rail-
road and the Central Pacific Railroad, the Prssi
dent # the United States authorized to appoint
q board OF eminent citizens, not exceeding i've in
road, to examine and report upon the condition Of
and what sum sums, if any, WILDE required to
complete each Of sali roads, for the entire length
thereUf to the said teTEIiuus fret Glass rail
road, compliance with the several acts relating
10 said roads; and the expense of such board, i'll
GLIDING an allowance OF ten dollars TO each for
their services for each day employed IN such exam
inatiun or report, to be paid equally by said COM
panes.
SEC g. And be it further resolved, That the
President is hereby authorized and required to
withhold from each Of said companies amount
OF subsidy bonds authorized to be issued by the
United States under said acts sufficient TO secure
the full pletion a. trst-ciass road of all sec
lions OF such road upon which bonds have alre idy
been issued. OF in lieu Of such bond he may
ceive such security an equal amount OF the
first mortgage bonds Of such company; and if il
shaII appear to the President that the amount Of
subsidy bonds yet 10 be Issued to either of said
companies Is insufficient TO insure the full CON-
petiou Of such road. he may make requisition
upon such company for a sufficient amount Of
bonds already Issued tn said company, or in his
discretion Of their tlrst mortgage bonds, to secure
tue full complexion OF the same. And in default
of obtaining such security as il in this section
provided, the p esideut may authorize and direct
Tie Attorney General to institute such suits and
proceedings on behalf and in the name Of the
United States, in any court OF the United States
having iUrsdictIon shall be es-ary or proper
to compel the giving Of such security, and there
by, IN any manner otherwise, to protect the
interests Of the United states in said road, and TO
insure thefull completion thereof as a first class
road, ;s required by law and the statutes in that
case made.
SEC. /. And he it further resolved, That the
Attorney General of the United States be- and he
is hereby, authorized and directed to investigate
whether or not the charter and all the franchises
OF the Union Pacific Railroad Company and of The
Central Pacific Railroad mlany have not been
Urfeted, and TO institute all necessary and pro-
per legal proceedings: also to investigate whether
or not said companies have or have not made any
Illegal dividends upon their stock, and if 80 TO
institute the necessary proceedings to have the
same reimbursed and also to investigate whether
any of the directors any other agents en-
ployees Of said companies have or have not VIC
lated any penal Law, and if 50 to institute the
proper criminal proceedings against all persons
who have violated such laws.
Approved, April 10, 1869.