New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-01
rPuBL1C REsoLUT1oN-No. a..


A resolution authorizing the Northern Pa
cifc Railroad Company to issue its bonds
for the construction Of its road, n to
secure the same by mortgage, and for
other purposes.
Resolved. By the Senate and House
of Representatives of the United States of
America in Congress assembled, That the
Northern Pacific Railroad Company be,
and hereby is, authorized to issue its
bonds to aid in the construction and equip
ment of its road. and to secure the same by
mortgage on its property and rights OF
nroperty of all kinds and descriptions,
real, personal aud mixed, including Its
franchise as a corporation; and, as proof
and notice of its legal execution an ehectu-
tual delivery, said mortgage shall be filed
and recorded in the Office Of the Secretary
of the Interior; and also to locate and con
struct, under the provisions and with the
privileges, grants, and duties provided Tor
in its act of Incorporation, its main road
to some point On Puget Sound, via the
valley Of the Columbia river, with the
right to locate and construct its branch
from some convenient point on its main
trunk line across the Cascade Mountains
to Puget Sound; and in the event OF there
not being in any State or Territory in
which said main line or branch may be To-
Gated, at the time Of the final location
thereof, the amount of lands per mile
granted by Congress to said company,
within the limits prescribed by its charter,
then said company shall be entitled, under
the directions of the Secretary of the In.
terror, to receive so many sections OF land
belonging to the United States, and desig.
mated by odd numbers, in such State or
Territory, within ten miles on each side OF
said road beyond the limits prescribed IN
said charter, as will make up such de-
fciency, on said main line or branch, ex-
cent mineral and other lands a excepted
in the charter of said company of eighteen
hupdred and sixty-four, to the amount OF
the lands that have been granted, SOLD,
reserved, occupied by homestead settlers,
pre-empted, or otherwise disposed OF SUD-
sequent to the passage OF the act OF July
two, eighteen hundred and sixty-four.
And that twenty-five miles OF aid man
line between its western terminus ana tne
city of Portland, in the State OF Oregon,
shall be completed by the first day Q,
January, ammo Domini, eighteen hundred
and seventy-two, and forty miles OF tne
remaining portion thereof each year there
after, until the whole shall be completed
between said points: Provided, That al
lands hereby granted to said compan.
which shall not be sold or disposed OF o.
remain subject to the mortgage by tbi
act authorized, at the expiration OF nv
years after the completion OF the entlr'
road. shall be subject to settlement AM
pre.emplion like other lands at a price u
be paid to said company, not exceeding
two dollars and fifty cents per acre; an
if the mortgage hereby authorized shall a
anv time be enforced by foreclosure o
other legal proceeding, or the mortgage
lands hereby granted, or any OF them, o
sold by the trustees to whom such NOR
gage NAV be executed, either at Its M
turitv or for any failure or default OF sal
comnany under the terms thereof, sue
lands shall be sold at public sale, at place
within the States and Territories IN whlc
thew shall be situate, after not less tina
sixty DAYS previous notice, in single set
lions or subdivisions thereof, to the hlgf
est and best bidder: Provided further, In;
in The construction Of the said railroad
American iron or steel only shall be use'
the same to be manufactured 1ro
American ores exclusively.
Sec. 2, And be it further resolved, Tn'
Congress may at any time alter or amen
This Joint resolution, having due regard
to the rights of said company, aud al
other parties. o-o
Approved May 81, 1870.