New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-29
LAWS OF THE UNITED STATES.
Passed at the Third Session of the Forty
q First Congress.

i IL
AN ACT to incorporate the Texas Pacif
Railroad Company, and to aid in the COZ
i@struction of-its Roadssand for other pu
D. poses. rs - ~ ~ -
| Be it enacted BY the Senate and House
Representatives of the United States {
i America in Congress assembled, That job
C.. Fremont, James L. Alcern, G. NJ Dodg,
I O.C.French, John d. Caldwell, j. j. Noah, Z
II G.. Osborne, Timothy Hurley, G. G. Poo
Silas N. Martin, John NJ. -Corse, George I
Wentworth, Philip IF. Morgan, J.. D. Can
i eron, Marshal Roberts. James L. Hodges
1 John Ray, w. Vermilye, Enocb L. Fauchel
4 Charles +. Liverrnore, Joseph Ell. Oglesb,
| w. Orion, A.sC., Babcock, Thomas A. Scott
Samuel ID. Hoffman, III. Ramsdale, Williar
II. jackson, X. Parsons Deles w. En-
| mons, M. A. Southworth, JOHN H. Hall, G
| c.. Kinney, w. p. Clark, James Dart, II
| Jacobs. L. T. Smith, w. p. Dole, C. A. Weed
| A.P-K.- Stafford, H., Mccullough, Charlie
| jackson; Elisha Dyer, Alfred Anthony
James Hoy, M. w. Benjamin, H. D. Cooke
Joseph K. West, w. S. Huntington, j. NJ
Tebbetts, &C. Leondndge, D. d. Porter
M. Woodruff Hiram Price, M. C. Hunter
w. I. Walters, j. B. Brownlow, T. A. Nor
ris, Owen fuller, j. H. Ledie, r. NJ. Bishop
Samuel Craighead, d. N. Stanton, An
gustus H. Whiting, G. LIZ Johnston. J. w
Goodland, Powell Clayton, Samuel Tate
w. Bolton, ii. Robinson, George Nancy
o. III. Bynum, M. 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. Newell, E. w. Rice, R
NJ. Shoemaker, Samuel Sloan, S. w. Morton
]. b. Bowman, Z. M. Flournoy. j. j. Kinds
~ p Waal-c sd 4 C,1Ea,.~
b. 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 X. Sloan, Silas c. -Colgrove, Sam
uel d. Jones, N. HI. Decker, William N.
Leet, f. Allen, j.. B.. Chaves, Augustus
Kountze, John N. Goodwin, William S.
Rosecrans, Michael Hahn, H. C. Warmoth,
j. s.. Williams, G. M. 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 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, z construct, furnish, maintain,
and enjoy continuous railroad and tele-
graph line, with the appurtenances from
point at or near Marshall, county of Rar-
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 lPaso; 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
in the location thereof, as near as may be,
the thirty-second parallel of north latitude,
and is hereby vested with all the powers,
immunities necessary to carry
into effect the pur [po] ses of this act.
SEC. Be- That the persons named in the
first section of this act shall constitute a
board of commissioners twenty of whom
shall constitute quorun for the transac-
ton of business), to be known as the Texas
Pacific Railroad Commissioners, who shall
meet in the city of New York within ninety
days after the passage Of this act, at time
to be designated in notice to be signed
by the person first named in the list of
perpetrators and six of his associates, and to
be published for two weeks in, at least, one
iaily paper in New York, New Orleans and
w ashlngton; 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 eentum
actually paid thereon. IN money, to the
treasurer, to be elected by said commits
'ioners, who shall give bond for its safe
Ieeping and payment to the treasurer of
he company when organized, then it shall
,e lawful for such subscribers or stock |
FOLDERS, or asmajOrity thereof, to organize
aid eompanysin 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 |
Q the transaction of business, and who |
hail bold their offices for one wear and |
until their successors shall be elected and |
Iualfled; and the said directors shall imme- \
lately proceed to elect a president, vice
resident, 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 a shareholder
he directors shall hold their offices for anv
erm not exceeding three years, as may be
1eetings Of stoekbolders sbaIi ta1la anu aal
r0vided for in said hy-Ia 1ns'. s'sA9 pace DIS
SEC. 3. That tbe canitaI stool, Of Tho To
'aciic Railroad Comnany shah he a4 tix adA bs
he hoard Of d;rectnrs Of s snrn nc nAeu "
To- fiftv millions nf Soliars 1 IN e sbee
+ one hundred dollars. and ~ H. sna res
mount is SO -fixed If shall nev 80 ha tno
ceased eyoe,+ b1, oo,, ~ so ae ny NC ~
.ssmenfs mon ss;d e stnoI shaif i AS
AIDE br na;oritv vote Of +l 9- 1,,o Inly oe
or of directors at a reg,,1ar nee Snto b;nb
lid assessments shall 5e paid 81 ~ VIII wm,oh
on of thirty days after t not i .ae
ne newspaper in each Of the cites - W. VS.