The Elko independent. [volume] (Elko, Nev.) 1869-1872, 1871-02-11
AN ACT

lOtIery. he nhu only ono TICKET.
AN ACT
To encourage the construction of railroad in
the Eastern portion Of the State of Nevada,
introduced by Mr. Mills, in the Senate, on
January oath, 1871.
The People of the State of Nevada, repre-
sented in Senate and Assembly, do enact as
follows: Section l. - The Eastern Nevada
Railroad Company, company heretofore or
ganized and created, and now existing under
and by virtue of the laws of the State of Ne
vada, is hereby given and granted the right,
privilege and franchise of building, construct
ing maintaining and operating a narrow gauge
railroad between the town of Elko, in the
county Of Elko. and the city of Hamilton, in
the county of White Pine, the gauge whereof
shall be of width not less than one foot and
llL inches, and the said company is here
by vested with and shall have and enjoy all
aud singular the rights. privileges and fran
chlses conferred upon railroad companies in.
corporated in this State, by the provis-
ions of an act entitled IAN act TO provide for
the Incorporation of railroad companies, and
the management of the affairs thereof, and
other matters relating thereto" approved
March %, 1868, and the acts amendatory
thereof.
Sec. 2.-The Boards of County Commits
siOners of the counties of Elko and White
Pine, in this State, are hereby authorized, en-
powered and directed, 10 prepare and issue the
bonds Of their respective counties upon the
conditions and pursuant to the provisions
hereinafter enacted, which said bonds when
issued shall be delivered to the said Eastern
Nevada Railroad Company, for its benefit.
Sec. 3-Whenever the said Eastern Nevada
Railroad Company shall present to the Board
of County Commissioners OF either OF said
counties n petition signed by the owners, or
the agents or representatives of the owners, of
tlnn -lulf pl the taNallp nFnngfty az
such county, as appears by the assessment
roll thereof for the year 1870, or by more than
one-half III number of the tax payers of such
county, Hs shown by said assessment roll,
which petition shall state that il is the desire
Of the signers thereof that the bonds of the
said county should be issued to the said East
ern Nevada Railroad Company, in an amount
to be IN said petition named, which shall not
exceed one.tenth of the value Of the taxable
property of said county, as shown by said
| sessment roll, then and thereafter il shall be
the duty of the Board Of County Commission
ors Of such county, and such Board is hereby
empowered and directed to prepare and issue
bonds Of such county in the amount named in
said petition, as hereinafter provided.
Sec. 4.-Whenever the said Eastern Nevada
Railroad Company shall have completed in
either of said counties ten miles of the grading
Of a narrow gauge railroad track upon the line
| of a railroad from the said town of Elko TO the
WY VI hllN DctluOH
toned In section three Of this act shall have
been presented TO the Board of County Com
miSsOners of such county, then the said
! Board of County Commissioners of said coun-
| ~ shall prepare and issue, and deliver to said
| company, bonds of said county in an amount
| that shall bear the same proportion to the
| whole amount of bonds 10 be issued as speci.
| fed in said petition, the said ten miles Of
! grading bears to the whole amount of road
| proposed to be constructed in said county, as
! shown by the survey thereof; and thereafter
upon the completion of the grading in such
county Of each succeeding ten miles of the
| grading Of said road n like amount of said
bonds shall be prepared, issued and delivered,
| upon the completion of the last section Of ten
miles or less OF the said grading in said county,
when and at which time the whole amount of
| said bonds remaining unpaid shall DO issued
and delivered To said company.
Sec. 5.--The said bonds shall be of such
amount as shall be deemed most saleable and
convenient, but no bonds shall be Of less
amount than 800, and none for a greater
amount than one thousand dollars; said bonds
shall be printed with interest coupons attached
| thereto; shall express, on the face of both
bonds and coupons, that they are payable in
United States gold coin; shall bear interest ut
the rate Of ten per cent. per annnm, payable
semi.annualy. The bonds shall be payable
| 10 bearer at the Office of the County Treasurer
|
The bonds shall be prepared in proper form,
under tho directions of the Board, and shall
be signed by the President or Chairman Of the
Board and countersigned by its Clerk, who
shall attach thereto the County Seal The
coupons for som.annual interest shall be
signed by the President or Chairman of the
| Board.
Sso. G.--Immediately after being notified
by tho company Of tho fulRllment Of the con-
ditions upon which any set of said bonds are
10 Issue as above stated, the Board Of County
Commissioners shall proceed TO satisfy them.
selves by personal inspection, or otherwise, of
tho fact Of the performance Of said conditions,
and on being so satisfied shall, without delay,
prepare, issue and doliver the bonds rs above
directed; provided, the certificate OF the County
Surveyor of such county TO the fact Of the ful.
fillment Of said conditions shall be conclusive
evidence thereof TO said Commissioners.
SEo. from aud after tho issuance Of said
bonds, or any set thereof, the Board Of County
Commissioners Of tho county shall annually, al
tho same time, and in the same manner as
other county taxes arc levied, levy speoia
county tax sufficient in amount 10 pay thu