The Placer herald., 1870-04-16
AN ACT

Amendatory Of An Act Entitled An Act
| Su! pementsl to. and Am~odstory Of An
Act En,ul-d An Act 10 authoTixs the
County Of Placer TO subscribe to the Cap
| i,al Stock Of the Central Pacific Railroad
| Company Of California, and to provide
FIR the paymen. Of The same, and other
matters relating thereto, Approved March
3ls'. 1866.
The People of the State of California. rep
ress"trd IN Senate and assembly 10 enact
| az foilows:
Sscnos l-Sec,ion Of ssid Ac, is here.
10y snaudrd so "a TO read ~ follows:
| StCII'N 1.-The Supervscrs Of the coun.
~ OF l'lsc-' ar. hereby au,boriz-d and sm-
pow.r~.i to sell and di-pos- Of any or oil OF
tho StV. I held or Owned ' said County in
the C-o,,si D'sc'6a Railroad Company OF
Calh .rnis upon such terma and cObdiions
. shall I" ssid Board Of Supervisors to be
declared bv y uasnim, ,us vote tLsrsof h..
dcemed .xpsdlsnt sud f,r The beat ioteres,
ot .a'd County. provided tI.t said ss~ .h all
be- for cash aud in gold ron Of th. Uoi,.d
S,a,es. or IN ex ahsnys "t sx'd stock or por-
ton tbsrsof tor its Railroad D ,uds Of SAID
County, isaued !" payment thereof upon
such I~Ims s"d coud,ti"ns TO 10 declared IN
| tho mannsr sf'r~.aid 70 shall bs deemed
.xp-di-,t hy said Board for tho hes, in,~r-
-s's "f >a'd county. aud. provided further
| that the power hereby granted to ssd Board
shall not hs Exercised, after the first Mon
day ct S-pt-mb-r. A D 1871. except with
| The restriction that thereafter said Board
shall have po~ss TO cell sud diap"As # said
stock =, ~. toll par value Tor cash - be psd
~ gold co'a y. aforesaid or by exchange
thereof tor the kslroAd Bonds at ss,d coun.
| ~ up"" ouch tsrms ~ g. folly hqu,da,s ard
| 'lischsrxa ali tho then ou,s tAnd,ng Railroad
Bond. "f sa'd County. together With the un
pad iUt-r-si cup"ns thereto sltAohsd OF be-
longing or by .x.hange Of po,ti"ns Of said
| stock NJ ,ta par vslas for portions of ssid
to0ds y, their par vAlus. upon such tsr0a
tha, the amount "f sa'd Bonds. reckoning
the pr'"ripsl su,ns expressed therein only
~h'eh shsIl aI.o retail" tho interest cupons
the" remaining unpaid shall equal the par
v.ISs e the s'o'k 81 the county so syct angsd
SEC 2.-S.ction 3 Of ssid Act 10 hereby
amended ." ~ to read ~ 'llow.:
Section Seventeen Ct ssid Act is hereby
sm.od-'i 81 ~ t" r.st 40 follows:
Sac II The aa,d Board Of Supervisors
-hsli hS's suthority tO authorize . CON-
| IN tee Of any one or more Of .h~r uumtrr
m sny other prr.on o7 persons to attend
! all meetings "f the S,nrk rkhod-rs Of said
Company. and 70 cast all votes representing
III. CspuAi Stock ~ subscribed snd held by
said COUNTY. and generally Al al! t,mes TO do
aud p~iform INV, al and sverv act aud
thing r~Iauog To sail slotk and tho rights,
privileges, and ohiig cations OF ssid county ~
= Sto. .kholdsr Of ss'd Railroad Company. A..
fully Snd ~ the sams manner and ~llh the
same legal effect "a might or could b. done
or performed by any other Storkholi-r OF
said C""psny, except ouly to cell. dispose
OF pledge. h.p"th~c is or in any manner Il"
iucu'nh-r sAid stork or any portion thereof
SIC. g. Ssc,ioD Three Of said Act is
bsrshy repealed
SEC I This Act shall take effect and
bs 10 force from aud after lts passage.