New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-20

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| it shall be tho duty of the Secretary Of tn
| Interior to cause patents to be issued con
veying to SAID company the number OF sec
tons Of land opposite to and cotermlnOu
with said completed road to which it shall
be entitled for each section 60 completed
| Said company, within two years after thu
passage Of this act, shall designate the gen
eral route Of its said road, as near as may
be, and shall file map Of the same in thu
| Department of the Interior; and when the
map is SO fled, the Secretary of the In
| the lands within forty miles on each side
of said designated route within the Terri.
tories, and twenty miles within the State O1
California, to be withdrawn from pre-
emption, private entry, and sale; Provided,
however, That the provisions Of the
act of September, eighteen hundred
and forty-one, granting presumption
rights, and the acts amendatory there.
of, and Of the act entitled IAN Act
to secure homesteads to actual settlers on
the public domain approved May twenty,
eighteen hundred and sixty-two. and the
amendments thereto, shall be, and the same
are hereby, extended to all other lands of the
United States on the line Of said road when
surveyed, except those hereby granted to
said company.
SEC. Ii. That the president of the com
pany shall annually, by the first day OF July,
make report and file it with the Secretary
of the Interior, which report shall be under
oath, exhibiting the financial situation OF
the company, the amount Of money received
and expended, and the number Of miles OF
road constructed each year; and further,
the names and residences Of the stock
holders, of the directors. and Of all other
officers of the company. the amount Of stock
subscribed, and the amount thereof actually
paid in, description of the lines of road
surveyed and fixed upon for construction
the amount received from passengers and
for freight, respectively, on the road, a
statement of the expenses Of said road and
its fixtures, and true statement Of the in
debtedness Of said company and the various
kinds thereof.
Sec. ID. That the certificate Of the capital
stock must be signed by the president
and secretary, and attested by the seal Of
the company, and shall contain an extract
from the proceedings o. the board OF direc-
tors fixing the amount thereof, as well as
from this act, authorizing such issue. All
the bonds and mortgages issued by said
company must be signed by the president
and secretary and attested by the seal Of
said company, and shall contain an extract
from the law authorizing them to be issued.
The face value OF said bonds shall be one
thousand dollars in gold, and shall be re-
deelaable at such times, and to bear such
rate Of interest, payable seMiannually in
gold, as may be determined by the di.
rectors. The total value Of the construc-
ton bonds to be issued shall not exceed
thirty thousand dollars per mile Of said
railroad, and the total face value Of the
land bonds shall not exceed two dollars
and fifty cents per acre for all lands mort
gagged; the total amount Of each to be deter
mined by the board Of directors.
that may be hereafter constructed, to inter-
sect said Texas Pacific railroad. shall have
a right to connect with that line: that no
discrimination as regards charges for freight
or passen gers, or in any other matter. shall
be made by said Texas Pacific Railroad
Company against any Of the said
connecting roads: but that the same
charges per nile as to passengers and per
ten per mile as to freight, passing from the
said Texas Pacific railroad over any Of said
connecting roads, or passing from any of
said connecting roads over any part of said
Texas Pacific railroad. shall be made by
said company as they make for freight and
passengers over their own road; Provided.
also, That said connecting roads shall reel
prOcate said right of connection and equal
itv of charges with said Texas Pacific rail-
road: And provided further, That the rates
charged for carrying passengers and freight,
per mile. shall not exceed the prices which
may be liked by Congress for CARRYING pas
sengers and freight on the Union Pacific
and Central Pacific railroads.
SEC. l6. That said road shall be construct
ed of iron or steel rails manufactured from
American ore, except such az may have
heretofore been contracted for by any rail-
road company which may be purchased or
with By the company hereby
as provided by this act.
SEC. II. That the said Texas Pacific Rail-
road Company shall commence the construc-
ton of It's road simultaneously at San Diego,
IN the State Of California. and from point
at or near Marshall, Texas as hereinbefore
described, and SO prosecute the same as to
have at least fifty consecutive miles Of
railroad from each of said points Gem
ple.e and in running order within two
years after the passage of this act /:
and to so continue to construct each year
thereafter sufficient number OF miles 10
secure the completion Of the whole line
from the atore said point on the eastern
boundary of the State Of Texas TO the bay
Of San Diego, in the State of California, as
aforesaid, within ten years after the passage
IF this act; and upon failure 10 so complete
{, Congress may adopt such measures as it
may deem necessary and proper to secure
Is speedy completion.
SEC. IS. That the President of the United
States. upon the completion of the first see
ion of twenty miles. shall appoint one CON-
missioner. whose duty ii shall he to examine
he various sections of twenty miles as they
hall be completed. and report thereon to |
lim in writing: and il. from such report. |
le he satisfied that said company has fully |
Completed each section of its road, as in this |
lct provided, he shall direct the Secretary |
II the Interior to issue patents to said COM |
ANY for the lands it is entitled to under |
his act. as fast as each section of said road |
S completed.
SEC. ~. That the Texas Pacific
Railroad Company shall lie, and it
, hereby, declared to be military
nd post road; and for the purpose OF |
assuring the carrying the mails. troops. mu-
ltions OF war, supplies and stores Of the
,nited States. no act of the company nor
ny law OF any State or Territory shall i'm
ede, delay or prevent the said company
rom performing its obligations to the
Jnlted States in that regard; provided. that
aid road shall be subject to the use OF the
.nited States for postal, military and all
Their governmental services at fair and rea-
enable rates Of compensation, not to exceed
be price paid by private parties for the same
ind OF service. and the government shall
t all times have the preference in the ase
t the same FOR the purpose aforesaid. !
SEC. 90 Tha. it shall not be lawful for
ny of the directors, either in their indi-
idual capacity. or as members of an incOr-
GRATED or Joint stock company, to make
ny contracts or agreements with the said
exas Pacific Railroad Company for the
obstruction. equipment OF running OF Its
BAD. or to have any interest therein: and
|! such contracts OF agreements are hereby
eclared null and void, and all money or
roperty received under such contracts or
yreeiuents may he recovered back for the