The Portland daily press., 1871-08-25

o., =. Nth the Secretary of the Interior, which
renort shall be under oath, eAnioeis .he ilahclai
GitppTntion of the company, the amount OF money
oaivad and expended, and the number OF miles of
ioad constructed each year ana further, the names
loa iences OF the stockholders, of the directors
any any az ali other officers of the company the amount
tock subscribed, and the amount thereof actualIy
maid ill., description OF the lines of road SURVEYED
md xed npon for construction the amount received
from passengers ana Tor freight respectively ON tbe
road "A statement of the expenses Of said road and
its fixtures, anu uue statement of the indebted
ness OF sala company and the various kinds thereof
SEC. ii. mat the certificates of the capital sock
must DE sighei by the pc .idunt aud secretary and
@ ~ ahe sea- Oh the company, and shall COLI
I'm ali eA at from the proceedings OF the board of
directors hXlng the amount thereof as well as from
tn1s acl authorizing such ISSUE All the bonds and
hv tta issued by said company must be signed
~ S9 pleslueht anu secretary, ana atested by the
seal OF sald company, and shall contain an extract
t to ahe law authorizing them to be issaed. Tue
race Value OF said bonds shall be one thousand dol
iars III gold and shall be reeemable at such times,
anu 70 bear such rate of interest, payable seminar.
hualiy IN gold, As may be determined by the direct
ors: Inc total value Of the construction bends to
&c issued shall not exceed thirty thousand dollars
per mile OF said railroad the total valle of
the land bonds shall exceed two dollars and fifty
cents per acre for al lands moItgaged, the total
amount of each to be determl ed by the boaid OF
directors.
SEC. %. That all railroads constructed, or that
may g hereafter constructed to n'ersect said Texas
Pacihc Railroad, shall have right TO connect with
that iae; that no discrimination as regards charges
Tor lrelght or passengers or IN any other matter,
shall be made by SAID Texas Pacific Railroad Com
pany against any OF the said connecting roads, but
that the cha ges per mile passengers and
per ton per nj e as to freight, passing from
the nd Texas Pacific ailroad any OF said coll
meeting roads, or passing from any Of said connect
ing lod1s over any part OF said Texas Pacific rail-
road, shall be maze by said company as they make
for freight and passengers over their own roads Pro-
oded also, That said connecting roads shall recipro-
cate SAID right OF connection and equality OF charges
with said Texas Pacific Railroad Ana prOUjded
f"rher hat the rates CHARGED for carrying passen
gers and freight per mile, shall exceed the prizes
which may lie fixed by Congress for carrying passen-
gers and freight on the Union Pacific and Central
Pacific railroads.
SEC. Is. That said road shall be constructed of
IRON or steel rails manufactured from American ore,
except such as may have heretofore been contracted
lor oy any ralllo company which may be purchas-
ed OF consolidated withsby the company hereby in
coIporated, as provided by this act.
SEC. H. That the sad Texas Pacific Railroad
company Shall commence the construction Of its
toad simultaneously at San Diego, in the State OF
HaIllorhia, and from a point or near Marshall,
texas, as hereinbelore described, and so prosecute
lhe same as to have at least fifty consecutive miles of
railroad from each of said points complete and in
cunning order within two years after the passage of
ms act ana 70 SO continue to construct each wear
thefeaIer sufficient number of miles 10 secure the
completion OF the whole line from the aforesaid
POM on 1ne eastern boundary OF the State Texas
10 ine pay OF San Diego, in the State of California
as Aforesaid within len years after the passage OF
ms act ana upon failure to complete it, Congress
may adopt such measures as it may deem necessary
ana proper to secure its speedy completion,
SEC. siS. That the President Of the United
Sta'es,. upon the completion of the first sec
sloner, whose duty it Shall be TO examine the yarl-
GUS sections of twenty miles they shall be com
peted' anu report thereon to him in writing
ana II, from such report he be satisfied that sai
company has FULLY completed each section of its
road as IN tins act provided he shall direct the Sec
pany Tor the lands it is entitled to under this act
fast as each section of said road IS completed.
| SEC ~. That the Texas Pacific Railroad Compa-
ny snail be- and il is hereby, declared to be militia
ry and post road; and for The purpose of insulting
the carrying the mails, troops, munitions of war,
supplies and stores of the United States no act of
the company nor any law OF any State or Territory
/ shal impede, delay, or prevent the said company
from petformlug its obligations the United States
in that regard: Pr0cided, That SAID road shall he
subject to the use OF the United States for postal
military and all other governmental services, at
ar and reasonable rates OF compensation, not to ex-
coed ths price paid by private parties for the same
kind of service, and the government shall at all
mes have the preference in the OF the same for
l the purpose aforesaid
SEC. 20 That shall not be lawful for any of the
directors, either in their individual capacity or as
members OF an incorporated or joint stock company
10 make any contracts or agreements with the said
Texas Pacific Railroad Com pany tor the construc-
tlon equipment, or running OF its road or 10 have
any interest therein; and all such contract or agree-
ments are HEREBY declared null and void anu all
money or property received under such contracts or
gieemens may be recovered back for the benefit of
the company by any stakeholder.
SfC Il. That any railroad company whose route
lies across the route OF tne Texas Pacific railroad
may cross the same and Tor the purpose OF crossing
snail have the right acquire at the doublei nn-
uum prize al lands, whether OF the United States
or granted by this act which shall be needed for a
| flsnt OF way TWO hundred 1eet wide through said
lands and Ior depots stations side tracks and O her
1sediul purposes not exceeding for such purposes
| forty acres atany one station.
/ SEC. e. That the New Orleans Baton Rouge and
Vicksburg Railroad COMPANY oh artered by the Stale
OF usiana, shall have the right to connect by the
most e21 ole route to be selected by said com pany
win the said exas Paciicraroad eastern TER
minus, and shall have the right of way through the
public land t. the same extent granted hereby TO the
sald Texas Pacific Railroad Com pany; and in aid
its construction from New Orleans to Baton Rouge
thence by the way of Alexandria in SAID State to
connect with the said Texas Pacific RAILROAD Com ma
ny at It's eastern terminus, there is hereby pranted
10 SAID company its successors and assigns, the
same number OF alternate sections OF public lands
per mile, IN the State Of Louisiana, are by this
act granted IN the State of California to said exas
racine railroad Company; aud SAID lands shall be
Withdrawn from market, selected, and patents is sred
therefor and opened for lement and pre-em ution
upon the same terms and in the sam3 manner and
me as is provided for and req 1ired from said Texas
orna: ProUided That said company shall comniete
the whole Of said road within five years from the
passage OF this act.
SEC %. That, tor the purpose of connecting the
Texas Pacific railroad with the city of San Francis
co, the Southern Pacific R,ilroad Company of Cali
ornla is hereby authorized (subject the laws OF
Caliofnla) to construct a line OF railroad from a
point at or near Tehachapa Pass, by way of Los An
gees, TO the Texas Pacific railroad at or near the
COLORADO river, with the same rights, grants and
privileges and subject to the same EmlIafions re-
strlctlons and conditions were granted to said
Southern Pacific Railroad Company of California,
Ds me act of July twentys seven. eighteen hundred
snail IN no way affect impair the rights present
or prospective, of the Atlantic Pacific Railroad
Company or any other railroad company.
j. q. BLAINE,
Speaker Of the House of Representatives
SCHUYLER COLFAX,
pice-President Of the United States and President
Of the Senate.
Approved, March 3, 1871,
US. GRANT.