New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15
LAWS OF THE UNITED STATES.
Passed at the Third Session Of the Ferry.
First Congre1s.

~sesAAAoNA NouIdHN, duu ~ dIu III Cu0 con
structiOn Of its Road. and for other pur
poses.
be it enacted by the Senate and House OF
Representatives of the United States 01
America in Congress assembled, That John
Z. Fremont, James L. AlcOrn, G. NJ. Dodge
&C. French, John ID. Caldwell, j. j. Noah. "A
Z: Osborne, Timothy Hurley, C. C. Pool
Stas N. Martin John NJ. Corse. George E
wentworth, Philip H. Morgan. j. d. Cam
eron, Marshal'O Roberts, James L. Hodges
John Kay, w. Vermilye, Enoch l.. Faucher
Gharles +. Livermore, Joseph H. Oglesby,
John Whytock, Daniel Drew. +. S. Davis,
W. Orion, A. G. Babcock, Thomas A. Scott,
Samuel y. Hoffman, II. Ramsdale, William
II. jackson, +. c. Parsons, Delos w. EN-
mons. NJ. A. SOuthworth. JOHN II. Hall, G..
=. Kinney. w. p. Clark, James Dart, H.
Jacobs. L. T. Smith, w. p. Dole. C. A. Weed,
a. ?. X. Stafford, H. Mccullough. Charles
jackson, Elisha Dyer, Alfred Anthony,
James Hoy. NJ. w. Benjamin, H. d. Cooke,
Joseph K. West, w. S. Huntington, j. M.
Iebbetts, c. e. LcOndridge. D. d. Porter,
W. 7. Walters, j. b. Brownlow. T. A. Nor
ris. Owen fuller, j. II. Ledlie. Il. NJ Bishop,
Samuel Craighead, d. N. Stanton. Au-
sustus II. Whiting, G. L. Johnston. J. w.
GoOdland, Powell Clayton, Samuel Tate,
". Bolton, II. Robinson, George Nancy,
@. H. Bynum, M. Burns, j. G.. Good
loe. E. G. Barney, Cyrus Bussey. J. W.
Forney, J. Lockwood. E. NJ. Davis. n. Pat
ton, w. Flanagan, G. O'Bren, G. P. Buel,
9. II. Gliding, j. j. Newell. E. W. Rice, Il.
NJ. SlOemaker, Samuel Sloan, 5. w. Morton,
J. B. Bowman. L. M. Flournoy. j. J. Kinds.
G. K. Weeks, j. T. Ludeling, Il. c. Gilbert,
b. d. Williams. Thomas OlcOtt. G. A. Fos-
dick. Harry Hays p s. Forbes. John T.
Sprague, L. X. Marsh. A. w. Beckwth. j.
c. Stanton, Cyrus II. Baldwin. A. j. Hamil-
ton, Rush II. Sloan, Silas c. Colgrove, Sam
uel ID. Jones. n. II. Decker, William n.
Leet. +. E. Allen, J. b. Chaves. Augustus
kountze, John N. Goodwin. William $.
ROsecrans, Michael Hahn H. c. WarmOth,
J. S. Williams. G. M. Spencer, l.. j. Highly,
w. Z. kimball, and ali such persons as 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 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,
ana 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 point at or
near FL 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
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
in the location thereof. as near as may 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 [po] ses OF this act.
SEC. ,. That the persons named in the
first section OF this act shall constitute a
board OF commissioners twenty of whom
snail constitute quorum for the transac-
ton OF busness) to be known as the Texas
Pacific Railroad Commissioners. vino shall
meet in .he 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
and six of his associates, and to
be published for two weeks in. at least. one
iaily paper i'll New York. New Orleans and
" ashington and, when SO met, they may
cause books to be opened for the subscrip-
ion OF the capital stock of said company.
md when twenty thousand shares. amount
ng to two millions of dollars. shall have
,een subscribed, and ten per centum
actually paid thereon. III money, to the
treasurer to be elected by said commits
'ioners. who shall give bond for its safe
keeping and payment to the treasurer of
w f1,ap sh
DO lawful fOr such subscribers or stock |
holders. or Il majOrity thereof. to organize |
aid company IN accordance with the pro- |
-isiOns OF this act, and to elect not less |
han seven. nor more than seventeen direc- |
ors. a majority of whom shall be necessary
o the transaction OF business. and who |
hall hold their Offices for one year and
lntil their successors shall be elected and !
lualied; and the said directors shall imme-
lately proceed to elect president, vice
PRESIDENT, secretary and treasurer: the pres
dent and vice president shall be directors
1t all elections for directors each share of
took shall be entitled to one vote. which
nay be given by the holders in person. or by
roxy, who shall also be shareholder,
The directors shall hold their Offices for any
ERIN not exceeding three years. as may be
provided i'll the bylaws: and the annual
meetings Of stockholders shall take place as
TONlucu lOf LII sdlO bylaws.
SEC. 3. That the capital stock of the Texas
'aclfic Railroad Company shall be fixed by
he board of directors at a sum not exceed
lg fifty millions OF dollars. in shares
one hundred dollars; and when the
mount is SO fixed, it shall never be in
reased except by consent Of Congress AS
upon said stock shall only be
lade by a majority vote Of the whole num-
er OF directors at regular meeting, which
aid assessments shall be paid at the expira-
ON of thirty days after a notice given in
ne newspaper in each of the cities of Wash
lgtOn. 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
rants. franchises and appurtenances Of,
nd consolidate on such terms as NAV be
greed upon between the parties. with anv
lilroad company Or companies heretofore
lartered by congressional, State or terri
rial authority, OF the route prescribed in
he first section of this act; but no such con-
'iidation shall be with any competing
trough line Of railroads to the Pacific
cean.
SEC. ). That the said company shall have
over and authority to make running ar
with any railroad company or
'mpanies heretofore chartered, or that may
GREATER be chartered by congressional,
late or territorial authority; also to pur-
lase lands, or TO accept donations, or
ANTS OF lands, or other property, from
ate or individuals. for the purpose of aid ;
g in carrying out the object of this COM
any.
SEC. 6. That the rights, land, land grants.
anchses, privileges and appurtenances
ld property Of every description belong
g to each of the consolidated or purchased
lllroad company or companies. as herein
rovlded, shall vest in and become absO-