New Orleans Republican., 1871-09-19
LAWS OF THE UNITED STATES.


AN All 10 incorporate the Texas Pacif
railroad Company and to aid in the col
e structlon OF its Road. and for other pu
poses.
D BE it enacted by the Senate and House {
Representatives of the United States {
. America in Congress assembled, That ,Joh
G. Fremont, James l.. Alcorn, G. NJ. Dodg,
l &c. French, John D. Caldwell, j. j. Noah.
| Z: Osborne, Timothy Hurley, c. c. Poo
Silas N. Martin, John NJ Corse George T
l wentworth, Philip H. Morgan, J. d. Can
eron, Marshal q. Roberts, James L. HODGES
John Ray, w. Vermilye, Enoch l.. Fauc6e,
charles F. Livermore, Joseph H. Oglesby
John Whyt0ck, Daniel Drew, F. s. Davis
W. Orton, A. Z. Babcock, Thomas A. Scott
Samuel d. Hoffman. II. Ramsdale, William
II. jackson, 4. c. Parsons, Delos w. En-
| mons. NJ. A. SouthwOrth. JOHN II. Hall, G
Z. kinzey. W. P. Clark, James Dart, II
A. P. X. Stafford, il. Mccullough. Charles
jackson. Elisha Dyer, Alfred Anthony
James Hoy. M. W. BENJAMIN. H. d. Cooke
Joseph K. West, w. s. Huntington. j. NJ
lebbetts, Z. e. Leondridge, ID. ID. Porter
N: Woodhull, Hiram Price. NJ. c. Hunter
w. I. Walters, j. B. Brownlow. T. A. Nor
ris. Owen Tuller, j. Fl. Ledlie, r. NJ Bishop,
Samuel Craighead. d. N. Stanton. Au-
Goodland, Powell Clayton. Samuel Tate,
". Bolton, II. Robinson. George Nancy,
Q. II. Bynum, NJ. Burns. j. C. Good
loc. +. G. Barney, Cyrus Bussey. J. w.
Forney, J. Lockwood, E. N. Davis. n. Pat
ton, w. Flanagan, G. O'Brien. G.. P. Buel,
G. H: Gliding, J. j. Newell. Z. W. Rice r.
NJ Shoemaker, Samuel Sloan S. w. Morton.
j. B. Bowman. L. M. Flournoy, j. J. Kinds.
G. X. Weeks, j. T. Ludeling, B. c. Gilbert.
B. ID. Williams, Thomas Olcott. G.. A. Fos-
dick, Harry Hays. T. S. Forbes. John T.
Sprague, l.. X. Marsh. A. W. Beckwith. J.
c. Stanton, Cyrus H. Baldwin. A. j. Hamil-
ton, Rush X. Sloan. Silas c. Colgrove, Sam
| Leet. +. +. Allen, J. B. Chaves. Augustus
kountze. John N. Goodwin William S.
Rosecrans. Michael Hahn. Ii. c. Warmoth,
! j. S. Williams, G. NJ. Spencer. l.. J. Highly,
w. c. kimball. and all such persons az shall
| or may be associated with them. and their
successors, are hereby created 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
point at or near Marshall county of Har-
rlsOn. State of Texas; thence bv 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 El Paso; thence by the most direct
and eligible route, to be selected by said
company, through New Mexico and Ari. |
zona, to 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 hay of San
Diego. in the State of California, pursuing
IN the location thereof. as near as NAV be.
the thirty second parallel Of north latitude,
and Is hereby vested with all the powers
privileges and immunities necessary to carry
mtoeffect the pur tpol ses OF this act.
SEC. Z. That the persons named in the
first section OF this act shall constitute a
board OF commissioners twenty of whom
snail constitute a quorum for the transac-
ton OF business), 10 be known as the Texas
racine Railroad commissioners, who shall
meet In the city of New York within ninety
days after the passage of this act. at a 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
W ashlngtOn and, when so met they NAV
cause books to be opened for the subscrip-
ton OF the capital stock of said cOmpanv |
and when twenty thousand shares amount
ng to two millions of dollars. shall have
Deen subscribed, and ten per centum
paid thereon. in money. to the |
treasurer. to he elected by said commits (
'ioners, who shall give bond for its safe
Ieeplng and payment to the treasurer of
he company when organized, then it shall
,e lawful for such subscribers or stock {
mai ifx-f |
aid company IN accordance with the pro-
.lslons OF this act, and to elect not less Q
han seven, nor more than seventeen direc. t
ors. a majority of whom shall be necessary I
0 the transaction OF business. and who ! '
hall hold their offices for one year and t
ntll their success shall be elected and a
uaifled; and the said directors shall mme- c
laleiy proceed to elect president, vice {
resident, secretary and treasurer: the pres V
lent and vice president shall be directors. n
Il All elections for directors each share of o
[Ock shall be entitled to one -ote. which | p
lay be given by the holders in person, or bv d
roxy, who shali also be a shareholder.
he directors shall hold their offices for any D
'tm noI exceeding three years. as may be c,
rOv!ded III the bylaws: and the annual | Of
lettings of stockholders shall take place as a.
r0vided for in said bylaws. it
DEC. 5: That the capital stock OF the Texas [,
acme Railroad Company shall be fixed by V,
e board OF directors at a sum not exceed | ii
G fifty millions of dollars. IN shares W
one hundred dollars: and when the b,
mount Is so fixed, it shall never be in S;
eased except by consent of Congress. AS .;
ssments upon said stock shal: only he er
ade by a majority vote of the whole num- be
r OF directors at regular meetin :, which ID
III assessments shall be paid at the expira- m
N OF thirty days after a notice given in ! te
e newspaper in each of the cities OF Wasl,- tn
Ston, Philadelphia, New York aud New of
leans. to
SEC. 4. That the said Texas Pacific Rail- c. c.
ad Company shall have power and lawful ell
thorlty 10 purchase the stock. land no
ants, franchises and appurtenances Of ac
consolidate on such terms as NAV be an
reed upon between the parties, " ith any ric
lr0ad company Or companies here totOfore of,
artered by congressional, State or terri to
lal authority, on the route prescribed in tht
!: hrst section of this act; but no such con- eia
ldat1on shall be with any competing am
ougn hne OF railroads to the Pacific are
can. Tn
'Ho' 3' 1hat Che SAID company shall have SUI
Her and authority to make running ar sal
gements with any railroad company or
1panles heretofore chartered, or that NAV pa,
eater be chartered bv congressional ma
te or territorial authority; also to pur. of
se Iands' or to accept donations. or Oat
hts OF lands, or other property, from the
~ vi ndi'ICuais, 1or the purpose of aid ani
IN carrying out the object OF this com. roa
y, e ru the
&c. o. That the rights, land. land grants hol
! aIcnlses' privileges and appurtenances Off,
property OF every description belono- suh
loeach OF the consolidated or purchased mai,
n:"u company OF companies, as herein SIR,
Nv a. 'ii NeSC In and become absO- the
ll,S lrS..u tne property of the Texas Pacific for
lyAl IL