New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-22
LAWS OF THE UNITED STATES.
Passed Mt the Third Session Of the Forty.
First Congress.

structiOn Of it's Road, and for other pur
poses
Be it enacted by the Senate and House O
Representatives Of the United States O
America IN Congress assembled, That job,
c. Fremont, James L. Alcorn, G. NJ. Dodee
o. C. French. John d. Caldwell. j. J. Noah. a
c. Osborne, Timothy Hurley. C.. C. Pool
Slas n. Martin, John NJ. Corse. George 3
Wentworth, Philip H. Morgan. j. d. Cam
eron, Marshal .. Roberts, James L. Hodges
John Ray, w. Vermilye, Enoch L. Faucher
Charles f. Livermore, Joseph H, Oglesby
John Whytock Daniel Drew, F. S. Davis
w. orion. A. G. BabcOck. Thomas A. Scott
Samuel D. Hoffman, H. Ramsdale, William
H. jackson. r. c. Parsons, Delos w. En-
mons, M. A. SOuthwOrth, John H. Hall, G
Z. Kinney. w. P. Clark, James Dart, H
Jacobs: L. I: Smith, w. p. Dole, C. A. Weed
A. Z. X. Stafford, H. Mccullough, Charlie:
Jackson. Elisha Dyer, Alfred Anthony
James Hoy. n. w. Benjamin, H. D. Cooke
Joseph X. West, w. S. Huntington, J. NJ
Iebbetts, c. c. LeOndridge, D. d. Porter
N. Woodruff, Hiram Price. NJ. C. Hunter
w. T. Walters j. B. BrOwnlow, T. A. Nor
ris. Owen fuller, J. II. Ledlie, r. NJ. Bishop
Samuel Craighead, D. n. Stanton, Au
gustus H. Whiting. G. L. Johnston. J. w
Goodland, Powell Clayton, Samuel Tate
". Bolton, H. Robinson. George Nancy
~. H. Dyutul, NJ. DuTUb, y. Y. VOOu
loe, L. G. Barney. Cyrus Bussey, j. w
Forney, J. Lockwood, +. NJ. Davis. n. Pat
ton, w. Flanagan, G. O'Brien. G. p Buel,
G. H. Gliding, J. j. Newell, E. w. Rice, r.
NJ Shoemaker, Samuel Sloan. S. w. Morton,
j. B. Bowman. L. NJ. FlournOy. j. j. Kinds.
G.. X. Weeks, j. T. Ludeling. B. C. Gilbert,
3. D. Williams, Thomas OlcOtt. G. A. Eos
dick. Harry Hays, P. S. Forbes. John T.
Sprague. L. r. Marsh, A. w. Beckwith. j.
c. Stanton, Cyrus H: Baldwin, A. j. Hamil-
ton, Rush r. Sloan, Silas c. Colgrove, Sam
Leet F. E. Allen, j. B. Chaves. Augustus
Kountze. John N. Goodwin, William S.
ROsecrans, Michael Hahn, H. C. Warmoth,
j. S. Williams, G. NJ. Spencer, L. j. Highly,
w. C. Kimball, and all such persons as shall
or may be associated with them, and their
successors, are hereby created O body poll
tic and corporate in fact and in law. BY the
name, style, and title Of the Texas Pacific
Railroad Company, and by that name shall
to sue and be sued, plead and be implicated,
defend and be defended. in all courts of
law and equity within the United States
and may make and use common seal; and
the SAID corporation is hereby author
lied and empowered to lay out,
locate, construct, furnish. maintain,
and enjoy a continuous railroad and tele-
graph line. with the appurtenances from a
point at or near Marshall. county Of Har-
rison. State Of Texas; thence by the most
direct and eligible route. to be determined
by said company near the thirty-second
parallel of north latitude. to a point at or
near Ell Paso; thence by the most direct
and eligible route. to be selected by said
company, through New Mexico and Ari-
iona, to a point on the Rio Colorado, at or
near the southeastern boundary of the
State of California; thence by the most
direct and eligible route to San Diego. Cali.
fornia. to ships channel. in the bay of San
Diego, in the State Of California, pursuing
i'll the location thereof. as near as NAV be.
the thirty second parallel of north latitude.
and Is hereby vested with all the powers.
and immunities necessary to carry
into effect the pur [pol SEES of this act
SEC. !. That the persons named in the
first section OF this act shall constitute
board OF commissioners twenty Of whom
shall constitute quorum for the transac-
ton OF business), to be known as the Texas
Pacific Railroad Commissioners, who shall
meet III the city of New York within ninety
days after the passage of this act. at time
to be designated in a notice to be signed
by the person first named in the list of
corporatOrs and six of his associates. and to
be published for two weeks in. at least, one
daily paper in New York. New Orleans and
and, when SO met they NAV
cause books to be opened for the subscrip-
lion Of the capital stock of said company,
and when twenty thousand shares. amount
ng to two millions Of dollars. shall have
been subscribed, and ten per centum
actually paid thereon. in money to the
treasurer, to be elected by said commits
ioners, who shall give bond for its safe
leeplng and payment to the treasurer of
na w hon 7.t fI,au cEaI
,e lawful for such subscribers or stock
holders. or a majority thereof. to organize
aid company in accordance with the pro-
-lSiOns OF this act. and to elect not less
han seven, nor more than seventeen direc- |
ors. majority Of whom shall be necessary
o the transaction Of business. and who |
hall hold their Offices for one year and |
util their successors shall be elected and !
ualfied; and the said directors shall imme-
lately proceed to elect president, vice |
secretary and treasurer; the pres
lent and vice president shall be directors.
It all elections for directors each share Of |
took shall be entitled to one vote, which
lay be given by the holders in person, or BY |
roxy, who shall also be shareholder.
he directors shall hold their offices for any
erm not exceeding three years. as NAV be
rOvided in the bylaws; and the annual
leetlngs OF stockholders shall take place as
rOVlQed Tor III SAID bylaws Il
SEC. 3. That the capital stock of the Texas
acific Railroad Company shall be fixed by
le board of directors at sum not exceed
z fifty millions of dollars. in shares
one hundred dollars; and when the
mount is so fixed, it shall never be in
'eased except by consent of Congress. AS
upon said stock shall ONLY be
ade by majority vote of the whole num-
ar OF directors at regular meeting, which
I'D assessments shall be paid at the expira-
On OF thirty days after notice given in
lie ne wspaper III each Of the cities Of Wash |
gtOn, Philadelphia, New York and New {
rleans
SEC. 4. That the said Texas Pacific Rail-
ad Company shall have power and lawful {
lthOrity to purchase the stock, land
ants, franchises and appurtenances of. &
I'd consolidate on such terms as may be
reed upon between the parties, with any
ilrOad company or companies heretofore {
artered by congressional, State or terri
rial authority, on the route prescribed in
e first section of this act; but no such con-
lidation shall be with any competing
rough line of railroads to the Pacific
,ean.
SEC. s. That the said company shall have
wer and authority to make running ar
ngements with any railroad company or
mpanies heretofore chartered, or that may !
reafter be chartered by congressional,
ate or territorial authority: also to pur- {
ase lands, or to accept donations, or
ants Of lands, or other property, from t
ate or individuals, for the purpose Of aid q
in carrying out the object Of this COM I
nv. 1t
SEC. 6. That the rights, land, land grants,
anchises, privileges and appurtenances G
10 property of every description belong &
< 10 each of the consolidated or purchased I
.iroad company or companies, as herein 9
ovlued, shall vest in and become abso- t
tGiy the property of the Texas Pacific f
1AlIO9U OOnNaNY. nrO1,idad In. l "a