The Albany register. [volume] (Albany, Or.) 1868-18??, 1871-07-22
[GEsEnA1 xArunn-No. "a I


GENERAL NATURE-No. "a
AN ACT to incorporate the Texas Pa
cific Railroad Company, and to aid
in the construction of its road, and
for other purposes.
Be it enacted By the Senate and House Of
Representatives or the United States Of
America in Congress assembled.
That John G. Fremont, James L. AL
corn. q. NJ. Dodge, o. @. French,
John D. Caldwell, J. J. Noah, A. G.
Osborne, Timothy Hurley, G. g. Pool,
Silas N. Martin, Joha NJ. Corse,
George E. Wentworth, Philip H Nor
gan, J. D. Cameron, Marshal o. Rob-
erts, James L. Hodges, John Ray, W.
vermilye, Enoch l.. Faucher, Charles
F. Livermore, Joseph n. Oglesby,
John Whytock, Daniel Drew, F. s. Da-
Wis, W. Orton, A. G. Babcock, Thomas
A. Scott, Samuel D. Hoffman, n.
Ramsdale, William H. Jackson, r. G..
Parsons, Delos w. Emmons, MA.
Southworth, John d. Hall, G. G. Kin
zey, W. P. Clark, James Dart, H. Ja-
cobs, L. T. Smith, w. P. Dole, G. A.
Weed, A. p. K. Stafford, h McC Cullough,
Charles Jackson, Eiish Dyer, Alfred
Anthony, James Hoy, NJ. w. Benjamin,
H. D. Cooke, Joseph R. West, W. s.
Huntington, J. N. Tebbetts, G. G. Le-
ondridge, d. d. Porter, NJ. Woodruff,
Hiram Price, NJ. G. Hunter, w. T.
Walters, j. B. Brownlow, T. A. Morris,
Owen Tuiier, J, h. Ledlie, R. N. Bish-
op, Samuel Craighead, D. N. Stanton,
Augustus Fl. Whiting, G. L. Johnson ,
J. W. Goodland, Powell Clayton, Sam
uei Tate, W. Bolton, H. Robinson,
George Nancy, o. Fl. Bynum, NJ. Burns,
J. @. Goodloe, E. G.. Barney, Cyrus
Busey, J. W. Forney, j. Lockwood,
g. O'Brien, G. P. Buel, e. 81. Gliding,
J.J. Newell, E. w. Rice, R. N. Shoe
maker, Samuel Sloan, s. w. Morton
J. B. Bowman, L. NJ. Fiournoy, j. J
Kinds, g. R. Weeks,, J. T. LndIipe
B. C. Gilbert, b. D. Williams, Thomas
Oicott, g. A. Fosdic, Harry Hays, p.
s. Forbes, John T. Sprague, L. r.
Marsh, A. w. Beckwith, J. G. Stanton,
Cyrus n. Baldwin, A. J. Hamilton
Rush r.. Sloan, Silas G. Colg.ove,
Samuel D. jones, N. 81. Decker, WILL
lam n. Leet, B. F. Allen, j. b,
Chaves, Augustus Kountze, John N !.
Goodwin, William S. Rosecrans, Mich
ael Hahn, II. G. Yarmouth, j. S. Will
hams, G. NJ. Spencer, l.. j. Highly, w.
@. Kimball, and all such persons as
shall or may be associated with them,
and their successors, are hereby ere.
ated body polite and corporate in
fact and in law, by the name, style,
aud title of the Texas Pacific Railroa d
Company, and by that name shall have
perpetual succession, and shall be able
to sue and be sued, plead and be i'm
pleaded, defend aud be defended, in all
courts of law and equity within the
United States, and may make and use
common seal; and the said corpora.
ton is hereby authorized and empow-
cred to lay out, locate, construct, furn-
ish, maintain, and enjoy a continuous
railroad and telegraph line, with the
the appurtenances, from a poin. at or
near Marshall, county of Harrisou,
State of Teras; thence by the most di-
rect and eligible route, to be deter.
mined by said company, near the thirs
ty-second parallel of north latitude, to
q point at or near Ell Paso; thence by
the most direct and eligible route, to bt
determined by aaid company, near the
thirty-second parallel of north latitude
to point at or near Ell Paso thence
by the most direct and eligible route
to be selected by said company through
New Mexico and Arizona, to a point OF
the Rio Colorado, at or near the south
eastern boundary of the State of Cali
fornis thence by the most direct and
eligible route to San Diego, California
to ships channel, in the bay of Sar
Diego, in the State of CaIifornia
pursuing in the location thereof, q
| near as may be, the thirty.second par
allel of uorth latitude, and is hereby
vested with all the powers, privileges
and immunities necessary to carry int,
effect the purC po ses of this act.
SEC. Q. That the persons named ii
| the frst section Of this act shall con
stitute a board of commissioners
(twenty of whom shall constitute
| quorum for the transaction of business
to be known as the Texas Pacific Rail
road commissioners, who shall meet Il
| the city of New York within ninet,
days after the passage of this act, at
time TO be designated in a notice to b
signed by the person frst named in tn
list of corporators and six of his asso
ciates, and to be published for tw
weeks in. at least, one daily newspape
in New York, New u. ans, and Wash
ington and, when so met, ..h os
cause books to be opened for tLe s.s
scription Of the capital stock of sal
company, aud when twenty thousan
shares, amounting to two millions Q
dollars, shall have been subscribed, AN
ten per centum actually paid thereon
in money, to the treasurer, to be eleci
ed by said commissioners, who sha
give bond for it's safe keeping and pay
ment to the treasurer of the compAn
when organized, then it shall be Law
full for such subscribers or stockholder
or majority thereof, to organizs sal
company in accordance with the pic
visions of this act, aud to elect not les
than seven, nor more than seventee
directors, . majority of whom shall b
necessary to the transaction Of bushes
and who shall hold their Offices for on
year and until their successors shall
elected and qualified and the said di
rectors shall Immediately proceed I
elect o. president and vice-presiden
secretary, and treasurer the presideu
and vice-president shall be directors
At all elections for directors, each sh ~
of stock shall be entitled to one vots
which may be given By the holders
person, or BY proxy, who shall also b
shareholder. The directors sha
hold their Offices for any term not e,
ceeding three years, as may be provide
In the By laws; and the annual meeting
Of stockholders shall take place as pr
vided for IN said By laws.
SEc. 3. That the capital stock OF II
Texas Pacific Railroad Company sha
be fixed by the board Of directors, at
sum not exceeding fifty millions Of do
lars, ia shares of one hundred dollars
and when the amount IL go Hxed,
shall never be increased except BY col
sent OF Congress. Assessments upc
said stock shall only be made BY 10
jority vote of the whole number Of
rectots ~ . regular meeting, whit
said assessmsnis shall be paid rs 4
expiration of thirty days after mott,
given Ia ono nevspaper 10 each of 4
Z clties Of WasbinRtou, Phtladelphi
New York, and NsN oflseus.
$50. i. That The said Texas Pacii
Railroad Company shall hare pow
and iawful authority 70 purchase 4
etock, Iand erentp. frAnchipes, and 4
purtenauees of, and consolid ~ % mi
terms - may ~ assesd upon bstwe