New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-05
LAWS OF THE UNITED STATES.
Passed at the Third Session of the Forty
First Congress.

| Representatives of the United States 0
| America in Congress assembled, That job
| c. Fremont, James L. Alcorn. G. M. Dodge
o. G. French, John D. Caldwell, j. j. Noah, "A
| C. Osborne, Timothy Hurley, C. C. Pool
| Silas N. Martin, John M. Corse, George
| Wentworth, Philip II. Morgan, j. D. Cam
eron, Marshal O. Roberts, James L. Hodges
John Ray, w. Vermilye, Enoch Z. Faucher
Charles F. Livermore, Joseph III. Oglesby
John Whytock, Daniel Drew, F. S. Davis
| w. Orton, A. G.. Babcock, Thomas A. Scott
| Samuel d. Hoffman, HI. Ramsdale, William
I'll. jackson, r. c. Parsons, Delos w. En-
| mons, M. A. Southworth, John H. Hall, G
C.. Kinney, w. P. Clark, James Dart, III
Jacobs, L. t. Smith, w. P. Dole, G. A. Weed
A. p. X. Stafford, H. Mccullough, Charles
jackson, Elisha Dyer, Alfred Anthony
James Hoy, M. w. Benjamin, III. d. Cooke
Joseph r. West. w. S. Huntington j. M
Tebbetts, c. C. Leondridge, d. ID. Porter
NJ. Woodruff, Hiram Price, M. C. Hunter
w. T. Walters, j. B. Brownlow, t. A. Nor
ris, Owen Tuller, j. HI. Ledlie, r. NJ. Bishop
Samuel Craighead, ID. n Stanton, Au
| glistus III. Whiting, G.. l.. Johnston, j. w
Goodland, Powell Clayton, Samuel Tate
W. Bolton, III. Robinson George Nancy
/ o. H. Bynum, NJ. Burns, j. C. Good
loe, E. G. Barney, Cyrus Bussey, j. w
Forney, j. Lockwood, E. NJ. Davis, N Pat
pUu, w "
G.. III. Gliding, j. j. Newell, Z. w. Rice, r
M. Shoemaker, Samuel Sloan, s. w. Morton
j. B. Bowman. L. nj. Flournoy, J. j. Kinds
G.. R. Weeks, j. T. Ludeling, b. c. Gilbert
Il. ID. Williams, Thomas Olcott. G.. A. Eos
dick, Harry Hays, p. S. Forbes. John T
Sprague, l.. +. Marsh, A. w. Beckwith, J.
G. Stanton, Cyrus H. Baldwin, A. j. Hamil-
ton, Rush r. Sloan, Silas C. Colgrove, Sam
uel d. Jones, N. II. Decker, William N.
Leet, +. E. Allen, j. B. Chaves, Augustus
Kountze, John N. Goodwin, William s.
Rosecrans, Michael Hahn, FL. C. Warmoth,
j. S. Williams, G. NJ. Spencer L. j. Highly,
w. G. Kimbail, and all such persons as shall
OF 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, construct, furnish, maintain,
and enjoy continuous railroad and tele-
graph line, with the appurtenances from a
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-second
parallel OF north latitude, to a point at or
near Ell 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
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,
privileges and immunities necessary to carry
into effect the pur [po] ses of this act.
SEC. Z. That the persons named in the
first section of this act shall constitute a
board of commissioners twenty of whom
shall constitute quorum for the tIansac-
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
corporators and six of his associates, and to
be published for two weeks in, at least. one
daily paper In New York, New Orleans and
w ashlngton 4: 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
actually paid thereon, in money, to the
treasurer, to be elected by said commits
sioners, who shall give bond for its safe
keeping and payment to the treasurer of
the company when organized, then it shall
be lawful for such subscribers or stock
holders, or "a majority thereof, to organize
,aId I,r.x -
visions OF this act, and to elect not less
han seven, nor more than seventeen direc-
5ors, majority of whom shall be necessary
% the transaction of business, and who
shall hold their offices for enc wear and
Until their successors shall be elected and
qualified: and the said directors shall iinme-
lately proceed to elect 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 theirsotioes for any
ERIN not exceeding three years, as may be
provided in the bylaws; and the annual
meetings of stockholders shall take place as
provided for in said bylaws
SEC. 3. That the capital stock of the Texas |
'acitic Railroad Company shall be fixed by |
he board OF directors at a sum not exceed |
ng fifty millions of dollars. in shares |
f 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 |
nade by 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 a notice given in /
ne newspaper in each of the cities of Wash
lgton, Philadelphia, New York and New
orleans.
SEC. 4. That the said Texas Pacific Rail- |
pad Company shall have power and. lawful
uthorlty to purchase the stock, land
rants, franchises and appurtenances of.
nd consolidate on such terms as NAV be
greed upon between the parties, with any
abroad company accompanies heretotofore
lartered by congressional, State or terri
)rlal authority, on the route prescribed in
ne first section of this act but no such con-
,hdatlon shall be with any competing
trough line of railroads to the Pacific
cean.
Sec 5. That the said company shall have
over and authority to make running ar
with any railroad company or
)mpanles heretofore chartered, or that NAV
GREATER be chartered by congressional.
tate or territorial authority; also to pur-
lase lands, or to accept donations, or
rants Of lands, or other property, from
ate or individuals, for the purpose of aid
g in carrying out the object of this COM
my. /
SEC. 6. That the rights, land, land grants.
privileges and appurtenances /.
Id property of every description belong
G to each of the consolidated or purchased
,ilroad company or companies, as herein
divided, shall vest in and become abso-
tely the property of the Texas Pacific
abroad Company; provided, that in all
ntracts made and entered into by said
mpany with any and all other railroad
mpany or companies, to perfect such
oresaid consolidation or purchase, the in