New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-23
LAWS OF THE UNITED STATES.
Passed at the Third Session Of the Forty.
First Coagress.

First Congress-.
AN ACT to incorporate the Texas Pacifi
Railroad Company, and to aid in the cor
struction of its Road, and for other pu,
poses.
Be it enacted by the Senate and House O
Representatives Of the United States q
America in Congress assembled. That Johl
c. Fremont, James L. Alcorn, G. NJ. DODGE
Q. C. French, John D. Caldwell, j. j. Noah
G: Osborne, Timothy Hurley, C. C. Pool
Wentworth, Philip 81. Morgan, j. D. Cam
eron, Marshal .. Roberts, James L. Hodges
John Ray. w. Vermilye, Enoch L. Fauc6er
Charles F. Liyermore, Joseph H. Oglesby
John WhytOck, Daniel Drew, F, s. Davis
w. orion. A. c. Babc0ck, Thomas A. Scott
Samue! ID. Hoffman, H. Ramsdale. William
II. jackson, r. c. Parsons, Delos w. En-
mons. NJ. A. SOuthworth, John H. Hall, G
Y. Kinney. w. P. Clark, James Dart, H
Jacobs. l.. I: Smith. w. P. Dole, C. A. Weed
A. T. X. Stafford, H. Mccullough, Charles
jackson. Elisha Dyer, Alfred Anthony
James Hoy. NJ. w. Benjamin, H. D. Cooke
Tebbetts, C: c: Leondridge, D. d. Porter
N. WOOdhull, Hiram Price, NJ. C. Hunter
w. I. Walters, j. B. Brownlow, T. A. Nor
ris. Owen Tuller, j. H. Ledlie, r. NJ Bishop
Samuel Craighead, D. n. Stanton. An
gustus H. Whiting. G. L. Johnston. j. W.
GoOdland, Powell Clayton, Samuel Tate,
W. Bolton, H. Robinson, George Nancy,
0. Il. Bynum, NJ. Burns, j. C. Good.
loe, E. G. Barney, Cyrus Bussey, j. w.
FOrney, j. Lockwood, E. NJ. Davis. N. Pat
ton. w. Flanagan, G. O'Brien. G. p. Buel,
g. H: Gliding, J. j. Newell, E. w. Rice, X.
N. Shoemaker, Samuel Sloan, s. w. Morton,
4 ROwmon r. M EJovvrn- L.
g. r. Weeks, J. T. Ludeling B. C. Gilbert,
B. D. Williams, Thomas Olcott. G. A. Fos-
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 X. Sloan, Silas c. Colgrove, Sam
uel D. Jones, n. H. Decker, William N.
Leet. +. +. Allen, j. B. Chaves, Augustus
Kountze, John n. Goodwin. William s.
ROsecrans, Michael Hahn H. C. Warnoth,
J. 5. Williams, g. NJ. Spencer, L. j. Highly,
w. e. kimball, and all such persons as shall
are hereby created a 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
have perpetual succession, and shall be able
to sue and be sued, plead and be impleaded,
defend and be defended, in all courts of
law and equity within the United States,
and may make and>use a common seal; and
the said corporation is hereby author
lied and empowered to lay out,
locate, construct. furnish, maintain.
and enjoy continuous railroad and tele-
graph line, with the appurtenances from a
point at or near Marshall. county of Rar-
rison. State of Texas; thence by the most
direct and eligible route, to be determined
~ 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 point on the Rio Colorado, at or
1ear the southeastern boundary Of the
State of California; thence by the most
iirect and eligible route to San Diego. Cali
Ornla, to ships channel, in the bay Of San
Diego. in the State Of California, pursuing
n the location thereof. as near as may be,
he thirty-second parallel of north latitude,
md is hereby vested with all the powers.
and immunities necessary to carry
INTO effect the pur [po] ses of this act.
SEC. :. That the persons named in the
irst section of this act shall constitute a
.oard OF commissioners twenty of whom
ball constitute quorum for the transac-
ion OF business), to be known as the Texas
'aclflc Railroad Commissioners, who shall |
1eet in the city of New York within ninety
a. eSA tAO PasoSoSC Va tlllS s1Cl, at Clul0 /
be designated in notice to be signed |
y the person first named in the list of |
operators and six of his associates, and to |
9 published for two weeks in, at least, one |
ally paper in New York, New Orleans and |
FashlngtOn; and, when so met, they NAV
ause books to be opened for the subscriD- |
on of the capital stock of said company, /
I'D when twenty thousand shares, amount
g to two millions Of dollars. shall have
een subscribed, and ten per centum
,tuaily paid thereon. in money, to the
easurer. to be elected by said commits.
Oners, who shall give bond for its safe
eeping and payment to the treasurer of
e company when organized, then it shall
awful tor such subscribers or stock.
,lders. or majority thereof. to organize
ID company in accordance with the pro-
slons OF this act, and to elect not less
an seven, nor more than seventeen direc.
rs, majority of whom shall be necessary
the transaction of business, and who
all hold their Offices for one year and
til their successors shall be elected and !
lalfied; and the said directors shall imme-
ate!y proceed to elect a president, vice
mt and vice president shall be directors.
all elections for directors each share of
'ck shall be entitled to one vote. which
y be given by the holders in person, or BY
)xy, who shall also be a shareholder.
Q directors shall hold their offices for any
N not exceeding three years, as NAV be C
'vided in the bylaws: and the annual Q
etlngs OF stockholders shall take place as
,vided for in said bylaws. \
'EC. 3. That the capital stock of the Texas l
chic Railroad Company shall be fixed by '
board OF directors at sum not exceed t
fifty millions of dollars. in shares v
hundred 6n11ors. | h
cunt is SO fixed, it shall never be in.
ased except by consent of Congress. AS p
,ments upon said stock shall only be e.
Do by majority vote OF the whole num- o
OF directors at regular meeting, which u
l assessments shall be paid at the expira. n
OF thirty days after a notice given in | t
newspaper in each Of the cities OF Wash tx
ton, Philadelphia, New York and New OF
&c: 1. That the said Texas Pacific Rail. G
1 Company shall have power and lawful Ell
lOrity to purchase the stock. land ht
nts, franchises. and appurtenances of, &C
consolidate on such terms as may be az
Bed upon between the parties, with any ri
road company or companies heretotofore of
rtered by congressional, State or terri to
a authority, on the route prescribed in tn
first section Of this act; but no such con- Ell,
1ation shall be with any competing al
ugh line Of railroads to the Pacific ar
an. u
&c. ). That the said company shall have su
or ana authority to make running ar sa
,ements with any railroad company or
panles heretofore chartered, or that may pa
'after be chartered by congressional, ms
. or territorial authority: also to pur- of
70 lands, or to accept donations. or GA
It's OF lands, or other property, from tn,
or individuals. for the purpose Of aid an
N carrying out tho object Of this com 70:
- thu
&c. g.; ., That the rights, Land, land grants, ho
nro~e,+ pl ~ ana appurtenances Off
!, ~ ~ " every description belong sui