Evening star. [volume] (Washington, D.C.) 1854-1972, 1871-06-10
lGESERAL NATURE-No. 54.I

OF IOa0. ana Tor Otber purposes.
Be it enacted by The Senate and House of Repre-
sentGtJrsS If the United States Of America in Con-
qTesS GSSsmbisd That John y. Fremont, James
T. AlcOIn. G. NJ. Dodge, o; q. French, John ID.
Hurley, q. g. Pool, Silas n. Martin John M
COTse George f. Wentworth. Philip II Morgan,
49, ~, Cameron Marshal o, Roberts, James l..
Faucher, Charles II. Livermore, Joseph H.
Sglesby. John whytock, Daniel Drew, r. 5.
Davis, W. orion, A q. BabcOck, Thomas A
Scott. Samuel ID. Hoffman, III. RamsdaIe. Will
liam III. jackson, X. q. Parsons, Delos W. EN-
mons, NJ: A; southword, John III. Hall, q. q.
Kinney, w. p. Clark, James Dart, n. Jacobs
i. T. Smith. W. P. Dole. q. A. Weed, A.
r. N. Stafford, ii. Mccullough, Charles
Hoy, NJ. W. Benjamin, h. ID. Cooke. Josenb r
West, w. 5. Huntington, j. M. Tebbetts, q.
"; Leordrtdge, ID. ID. Porter, NJ. woodhull,
b, BIOrnlow, T. A. Morris, owen fuller, j. II.
Ledlie, X M. Bishop, samuel Craighead ID. n
St1Hton, augustus n. Whiting, q. l.. Johnston,
W. Bolton, III. Robinson, George Nancy, q. a.
Bynum, NJ. Burns, j. g. Goodloe 4. g. barney.
NJ. Davis, \. Patton, W. Fianegsn' G.. OBrisn.
u: A. Buel, G. ii. Gliding, j. j. Newell, f. W.
Eice, X. NJ: Shoemaker. samuel sloan, 5. w.
Hinds, q. Z. Weeks, j. T. Ludling, B. T.. Gil
bert, b. ID. Williams, Thomas Olcott, G. A.
fosdick, Harry Hays, P. s. Forbes. John L.
stanton, Cyrus H. Baldwin. A. j. Hamilton.
Hush K. Sloan. Silas q. COlgroye, Samuel ID.
~. IL, II.
Allen, y A Chayes, Augustus Kount re John
n. GoOdsiD, William s. Rosecrans Michael
Hahn, II. q. Yarmouth, j. 3. Williams, g. NJ.
Spencer, L. j. Highly, w. q. Kimban, and ali
such persons as shall or may be associated with
them, and their succeSsOTs, are hereby created
body polite and corporate in fact and in law
by the name. style, and title of the Texss
Pacific Railroad Company and by that
name shall have perpetual succession, and Oh all
pleaded 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 authorized and en-
powered TO lay out, locate, construct, furnish
MAINTAIN, and enjoy q continuous railroad and
telegraph line, with the appurtenances, from
point at or near Rarshall, county OF Uarriso1
state OF Texas thence by the most direct and
chglbie route, TO be determined by said com
pany, near the thirty second parallel OF north
latitude, 70 point at or near FL Paso; thence
by the most direct and eligible route to be
s6lecte q by said company, through New Mexico
end Arizona, 10 a poiBt on the RIO Colorado At
or rear the southeastern bOBndaryiOf the State
OF California; thence by the most direct and
e.iElbe route 10 San Diego, California. to ships
channel. IN the bay OF san DeigO, in the state
o. California, pursuing in the location thereof
a. rear q, may be. the tbirty-seeond parallel of
roIth latitude, and is hereby vested with All
the TCEers, privileges. and immunities Deces
saiy TO carry into effect the purposes of this
SIC. Q. That the persons named in the first
section q this act shall constitute a board of
con mis--oHeTs, twenty Of EhOm shall consti-
tute quorum for ~ 2 transaction of business !
TO he known As the Texas Pacific Railroad conn
mi>sloUers. who shall meet IN the CITY OF New
Aoik within ninety DAYS alter the passage OF
Ills act. at a time to be designated in notice
70 lie sigHed by the person first named in the
Inst CI CpTTOrafOr- and six OF his associates and
10 be published for two weeks in, at least one
daily newspaper in New York. New Orleans
and Was Eton; and, when so net, they nav
cause books 20 be opened for the subscription
Of the capital stock Of said company, and when
twenty thousand shares amounting TO two mil
lions OF d0iia :. shall have been subscribed and
ten per eentum actually paid thereon, in money,
commissioners, who shall give bond for
- safe keeping and payment TO The treasurer
o. the company when organized, then 1t shall
De lawful for such subscribers or stockholders
OF majority thereof. to organize said COMPANY
n accordance with the provisions Of this acf
and 10 elect rot less than seven. nor more than
seventeen directors. majority OF whom shaJ
be necessary 70 the transaction Of business and
who shall hold their Offices for one year and
until their successors shall be elected and quail
red; and the said directors shall Immediately
proceed 70 elect president, vice president sec
rotary, and treasurer; the president and vice
president shall be directors. At all elections
Tor directors, each share of stock shall be emit
tied 10 one vote, which nav be given by the
EoldeIs IN person. or by proxy, who shall also
be a shareholder. The directors shall hold their
CfCes for any term not exceeding three years
- may be provided in the bylaws; and the an
Dual meetings OF stockholders shall take place
a. provided for in said by-laWs-
SIC >. That the capital stock OF the Texas
Paeinc Railroad Company shall be fixed by
she board OF directors, at a cum not exceeding
Gfty millions Of dollars, in shares OF one hun
cred dollars; and when the amount is so fixed
u shall never be increased except by consent
OF Congress. Assessments upon said stock shalI
only be made by majority vote Of the whole
number OF directors at a regular meeting.
which said assessments shall be paid at the ex-
piTati0n Of thirty-seven days after a notice
given in one newspaper IN each OF the cities
OF Washington, Philadelphia, New York, and
SEC. J. That the said Texas Pacific Railroad
Comp any STALL have power and lawful author
ity TO purchase the stock, land grants, fran
avH Of md idaf
on such terms a. may be agreed upon between
the parties, with any railroad company or COM
pan!es heretofore chartered by congressional,
State, or territorial authority, on the route
prescribed in the first section of this act; but
no such consolidation shall be with sny COM
peting through line OF railroads TO the Pacific
ocean.
SIC. 5. That the said company shall have
power and authority TO make running arrange
heretofore chartered, or that may hereafter be
chartered by congressional, State, or territorial
authority; also To purchase lands, or to accept
donations, or grant OF lands, or other property,
from States or individuals, for the purpose OF
aiding in carrying out the object OF this COM
Psny.
sEc. g. That the rights, lands, land grants,
franchises, privileges, and appurtenances, and
property OF every description, belonging to
each OF the consolidated or purchased railroad
company or companies. a. herein provided,
shall vest in and become absolutely the proper
ty of the Texas Pacific Railroad Company:
Pyovided. That in all contracts made and
entered into by said company with any and all
other railroad company or companies, TO
perfect such Aforesaid consolidation or pur-
chase, the Indebtedness or other legal obligations
OF said company or companies shall be assumed
by the said Texas Pacific Railroad Company As
nav be agreed upon, and no such consolidation
or purchase shall impair any lien which may
exist ON any or the railroads 20 consolidated OF
purchased; but said company shall not assume
the debtsor obligations Of any company with
which 10 may consolidate or purchase as
aforesaid, - an amount greater than the cash
value OF the asset received from the same.
SEC That the said Texas Pacific Rsalroai
Company shall have power 20 make and enforce
rules and bylaws for the election OF Its ONO GERS
and the government and management OF the
business OF the company, and 70 do and perform
al needtul and proper things 70 be done aud
performed 70 promote the objects OF the CON-
Pany hereby Incorporated, not inconsistent with
Tie Avs OF the United States and the provisions
SIC. 8. That the right Of way through the
public lands be, and the same Il hereby, granted
20 the said company for the construction OF the
eAid railroad and telegraph line, aud the right,
power, and authority Il hereby given to said
company to take, from the public lands ada
cent TO the line OF said road, earth stone tim