New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-20
LAWS OF THE UNITED STATES.
Passed at the Third Session of the Forty.
First Congress.


AN ACT to incorporate the, Texas Pacifi
Railroad Company. and to aid in the con
struction of its Road, and for other pun
poses.
Be it enacted by the Senate and House o
Representatives of the United States O
America in Congress assembled, That JOIN
G. Fremont, James L. Alcorn, G. M. Dodge
o. C. French John ID. Caldwell, j. j. Noah A
C. Osborne, Timothy Hurley, C.. c. Pool
Wentworth, Philip H. Morgan, j. d. Cam
eron, Marshal q. Roberts, James L. Hodges
John Ray, w. Vermilye, Enoch L. Faucher
Charles K. Liyermore, Joseph H. Oglesby
John Whytock, Daniel Drew, +. S. Davis
w. Orion. A. c. Babcock, Thomas A. Scott
Samuel D. Hoffman, H. Ramsdale, William
II. jackson, r. c. Parsons, Delos w. En-.
mons, Nj. A. Southworth, JOHN II. Hall, g
c. Kinney. w. p. CLARK, James Dart, H
Jacobs, L. T. Smith. w p. Dole, C. A. Weed
A. 2. *. Stafford, H. Mccullough, Charles
jackson, Elisha Dyer, Alfred Anthony
James Hoy, NJ. w. Benjamin, II. d. Cooke
Joseph r. West, W. S. Huntington, j. NJ
Tebhetts. G.. G.. Leondridge, d. ID. Porter.
M. Woodhul, Hiram Price, M. c. Hunter,
w. T. Walters, j. b. Brownlow, r. A. Nor
ris. Owen fuller, j. H. Ledlie Il. NJ. Bishop.
gustus H Whiting, G.. L.. Johnston, j. w.
GOOdland. Powell Clayton. Samuel Tate,
". Bolton, II. Robinson. George Nancy,
o. H. Bynum, NJ. Burns, j. c. Good
lOe, E. G. Barney, Cyrus Bussey, j. w.
Forney, j. Lockwood, Z. NJ. Davis, n. Pat
ton, W. Flanagan, G. O'Brien. g. L. Buel,
q. II. Gliding, J. j. Newell, f. w: Rice, K.
NJ Shoemaker, Samuel Sloan, 5. W. Morton,
j. b. Bowman. L. NJ. Flournoy. j. j. Kinds,
G. r. Weeks. j. 7. Ludeling, Is. q. Gilbert,
b. d. Williams, Thomas OlcOtt. G. A. Eos
dick Harry HAYS, p. S. Forbes. John t.
Spraeue, L. X. Marsh, A. W.. Beckwith, j.
G. Stanton. Cyrus II. Baldwin, A. j. Hamil-
ton Rush r. Sloan, Silas c.. Colgrove, Sam
uel D. Jones, n. II. Decker, William n.
Leet, f. E. Allen, J. B. Chaves, Augustus
KountZe John n. Goodwin, William s.
Rosecrans, Michael Hahn, ii. G. Warmoth.
j. S. Williams, G. NJ. 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 a common seal; and
the SAID corporation is hereby author
lied and empowered to Law 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-
rison, State of Texas; thence by the most
direct and eligible route, to be determined
by said company, near the 'thirty-secon6
parallel OF north latitude, to a 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
fOrnir, 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,
privileges and immunities necessary to carry
into effect the pur [pol 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
shall constitute a quorum 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
and six of his associates and to
be published for two weeks in, at least one
daily paper in New York, New Orleans and
Washington; and, when so met, they may
cause books TO be opened for the subscrip- |
ton of the capital stock of said company |
and when twenty thousand shares. amount |
ing to two millions of dollars. shall have |
been subscribed, and ten per centum |
paid thereon, IN 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 |
he company when organized, then it shall |
De la wtul for such subscribers or stock |
holders, or d majority thereof to organize |
'aid company in accordance with the pro /
visions OF this act, and to elect not less |
han seven, nor more than seventeen direc- |
Ors, majority of whom shall DE necessary |
% the transaction of business, and who /
hall hold their offices for one wear and |
Until their successors shall be elected and /
qualified; and the said directors shall imme-
lately proceed to elect a 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 a shareholder.
The directors shall hold their offices for any
ERIN not exceeding three years, as may he
provided III the bylaws; and the annual
meetings of stockholders shall take place as
r0VIded Tor IN SAID DY-laWS.
SEC. 3. That the capital stock of the Texas
Pacific Railroad Company shall be fixed by
be board of directors at a sum not exceed
1g 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
made by a majority vote Of the whole num-
er of directors at a regular meeting, which
aid assessments shall be paid at the expira
ion of thirty days after notice given in
me newspaper in each of the cities of Wash
ngton, Philadelphia, New York and New
Orleans.
SEC. a. That the said Texas Pacific Rail
Dad Company shall have power and lawful
to purchase the stock, land
grants, franchises and appurtenances of,
'hd consolidate on such terms as may be |
agreed upon between the parties, with any
abroad company or companies heretofore
'hartered by congressional, State or terri
oIlaI authority, on the route prescribed in
ne nfst section of this act: but no such con- /
oIdatlon shall be with any connecting
through line Of railroads to the Pacific
ocean.
SEC. >. mat the said company shall have
,ower and authority to make running ar
with any railroad company or
Ompanies heretofore chartered, or that NAV
hereafter pe chartered by congressional,
state or territorial authority; also to pur,i
hase lands, or to accept donations. or
rants Of lands, or other property. from
state or individuals, for the purpose of aid
ng in carrying out the object Of this com
ANY.
SEC 6. That the rights, land, land grants.
privileges and appurtenances
nd property Of every description belong
ng to each of the consolidated or purchased
abroad company or companies, as herein