The Albany register. [volume] (Albany, Or.) 1868-18??, 1870-07-16

by odd numbers nearest to said road, to the
amount OF ten such alternate sections per mile,
on each side thereof, not otherwise disposed of
or reserved or held by valid prescription or
this act. And in case the quantity of ten full
sections per mile cannot be found on each side
of said road, within the said limits of twenty
miles; other lands designated as aforesaid shall
be selected under the direction of the Secretary
OF the Interior on either side of any part of
said road nearest to and not more than twenty
i've miles from the track of said road to make
up such deficiency.
Sec. 2. And be at further enacted, That the
Commissioner of the General Land Office shall
cause the lands along the line of the said rail-
road to be surveyed with all convenient speed.
And whenever and as often as the said company
shall hle with the Secretary of the Interior
maps of the survey and location of twenty or
more miles of said road, the said Secretary
shall cause the said granted lands adjacent to
and coterminus with such located sections of
road to be segregated from the public lands
and thereafter the remaining public landa, sub
Ject to sale within the limits of the sad grant
ehall be gdsh5sed of only to actual settlers at
double the minimum price for such lands And
proctded, also, That settlers under the provis
ions of the homestead act who comply with
the terms and requirements of said act shall
oe entitled, within the said limits Of twenty
mites, to patents for an amount not exceeding
eighty acres each of the said ungranted lands
anything in this act to the contrary notyyith
standing.
SEC. ). And be Il .further enacted, That
whenever and as often as the said eomnanv
shall complete and equip twenty or more con
secutiye miles of the said railroad and tee-
graph, the Secretary of the Interior shall cause
the same to be examined at the expense of the
company, by three commissioners appointed by
him and if they shall report that such com
pieted section Is a first class railroad aud tele
graph, properly equipped and ready for use, he
shall cause patents to be issued to the company
Tor so much of the said granted lands as sh:ii
be adjacent to and coferninus with the said
eompiected completely sections.
SFC. 4. And be Il further enacted, That the
said alternate sections of land granted by this
act, excepting only such as are necessary for
the company to reserve for depots stations
side tracks, wood yards. standing ground and
other neediul uses in operating the road, shall
be sold by the company only to actual settlers,
IN quantities hot exceeding one hundred and
sixty acres or quarter section to any one
settler, and at prices not exceeding two dollars
ahd htty cents per acre.
Sso- 5. 4aad Jc it further enacted, That
the said company shall, by mortgage or deed
of trust to two more trustees, appropriate
and set apart all the net proceeds of the sales
of the said granted lands, as a sinking fund,
TO be kept invested in the bonds of the United
States. other safe and more productive
securities, for the purchase from time to time
aud the redemption at maturity, of the first
mortgage construction bonds of the company
on tac road depots stations, side tracks, and
wood yards, not exceeding thirty thousand
dollars per mile of road, payable in gold coin
not longer than thirty years from date, with
interest payable semi annually in coin not ex-
ceeding the rate of seven per centum per
annum and no part of the principal or inter
est of the said fund shall be applied to any
other use until all the said bonds shall have
been purchased or redeemed and cancelled and
each OF The said first mortg gage bonds shall bear
the certificate OF the trustees, setting forth the
manner in which the same is secured ard its
payment provided for. And the district court
OF TIE United States, coicarrently with tte
the State courts shall have original jurisdiction,
subject to appeal and writ of error, to enforce
the provisions of this section.
Sec. 6. fsaa Be 1t further enacted, That
the said company shall file with the Secretary
of the Interior its assent to this act within one
year from the time of its passage aud the
foregoing grant Is upon condition that said
company shall complete a section of twenty
or more miles ef said railroad and telegraph
wthia two years and the entire railroad and
telegraph within six years, from the same
date.
Approved. May 4 1870.