The Albany register. [volume] (Albany, Or.) 1868-18??, 1871-07-22

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hibitine she 6uencia1 ofdAtiod ~ ~
company the amount of snonsy rscsIvsd
and expended, ana the n4nbsp ~ milss
further, the names aud rsGidoucee of
the directors, and ~ IN Eother olflcsrs
of the company, thsE skoune of stock
subscribed, and the amouut u erect Ac-
tuaf1y paid IN, descriptions or the lines
of road surveyed and fixed upon for
construction, tho amount received from
passengers and for freight, sespectiveIy
on the road, . statsmeDt 81 thesexpen-
ses Of said road and its fixtures, and
true Abatement OF the indebtedness Of
said company and the various kinds
thereof.
SEC IA. That the certificates of tbs
capital stock must be signed by the
president and secretary, and attested
by the seal of the company, aud shall
contain IN extract from the proceed
ings Of the board Of directors fixing the
amount thereof, a. we'll - from this
act, authorizing such issue. All the
bonds and mortgages issued by said
company must be signed BY the presi-
dent and attested BY tbs seal Of said
company. and shall contain an extract
from the law authorixing them 70 be
issued. Tho face value Of said bonds
shall be one Thousand dollars In gold
and sha1l be redeemable at such times,
and TO bear such rate Of interest, pay
able semi-annualiy In gold, a. may be
determined by the directors The total
value of the construction bouds 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 mortgaged;
the total amount of each to be deter
mined by the board OF directors.
SEC. Is. That all railroads constructs
ed, or that may be hereafter construct-
ed, to intersect said Texas Pacific Rail-
road, shall have . right TO connect
with that line that no discrininstion
as regards charges for freight or pass
sengers, or in any other matter, shall
be made by said Texas Pacific r silroad
Company against any of the said con-
meeting roads but that the same char
ges per mile as TO passengers, and per
toa per mile AZ 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 ~ they
make for freight and passengers over
their own road Provided aiso, That
said connecting roads shall recipro-
cate said right Of connections and equal
ity Of charges with said Texas Pa-
cifc railroad And propided further,
That the rates charged for carrying
passengers and freight, per mile, shall
not exceed the prices which may be
6xed by Congress for carrying passen-
gers aud freight on the Union Pacific
and Central Pacific railroads.
SEC. 16. That said road shall be con-
structed of iron or steel rails manufact-
ured from American orc, except such
as may have heretofore been contracted
be purchased or consolidated with by
the company hereby Incorporated, a.
provided by this act.
SEC. II. That the eaid Texas Pscific
Railroad Company shalI commence the
construction of its road simultaneously.
at San Diego, In the State of California
and from . point 1t or near Marshall,
Texas, as hereiubefore described, and
so prosecute the same ~ to have 1T
least fifty consecutive miles Of railroad
from each Of said points complste and
in running order within two years after
the passage OF this act and to 30 con-
tinue to construct each year thereafter
sufficient number Of miles to secure
the completion of the whole line from
she aforesaid point on ths ssstern
boundary Of ths Stats Or Texas to the
bay Of San Diego, ia the State of Cali
fofnfa, as Aforesaid, within ten years
after the passage Of this act and upon
failure 10 30 completes it, Congress may
adopt such measures a. 1t may deem
necessary aud proper to sesure its
speedy completion.
SEC. 1a. That the President OF the
United States, upon tho completion of
the frst section Of twenty miles, shall
appoint one com missioners, whose duty
it shall he to examine the various sec
tions of twenty miles ~ they shall be
completed, and report thereon TO him
in writing ana tf, from SUCH report, ne
be satisfied that said company has fully
completed each section Of its road, az
in this act provided, he shail direct
the Secretary Of the Interior TO issue
patents to said company for the lands
it is entitled to under this act, ~ fast
as each section OF said road is complies
ted.
SEQ. 10. That the Texas Pacific
Railroad Company shall be, and It IL
hereby, declared to be . military and
post road and for the purpose of in-
suring the carrying the mails, troops.
munitions Of war, supplies, and stores
Of the United States, no act of the com
panr nor any Law of any State or Ter
ritory shall impede, delay, or prevent
the said company from performing its
obligations to the United States IN that
regard Provided, That said road shall
be subject to the use OF the United
States for postal, military, aud all
ltber governmental services, at fair and
reasonable rates Of compensation, not
TO exceed the price paid by private par
! ties for the same eind Of service, and
the government shall at all times have
the preference in the nse Of the same
| tor the purpose aforesaid.
SEc. 90. That It shall not be lawful
for any Of the directors, either In their
, individual capacity or as members Of
an incorporated or joint stock COMPANY
TO make any contracts or agreements
with the said Texas Pacific Railroad
/, Company for the constructions, equip
. ment, or RAINING Of IT, road, or To have
!: any interest therein (; and All such con-
tracts or agreements are hereby declared
!. Gull and void, and ati money OF proper-
ty received under such contracts or
agreements may be recovered bxck Tor
the benefit of the company ~ any
stockholder.
SEC. 81. That any railroad eompan
whose route Lies across the route on tie
Texas Pacific railroad may crosa the
I same, and for the purpose of crossiue
/ shall have the right 20 acquiro nt the
| double minimum price all s4nde, = heth-
er of the United Statcs OF. granted 81
this act, which shall he needed f0r 4
right OF way two hundred feet wide
Though said lands, and for depots, sta
I tions, side tracks, and other neodfaI
I purposes, not exceeding for such pur-
| poses forty acres at any one station.
|. SEC. "a That the New Orleans. H.
|. ton Rouge, and vicksburR Railroad
/ Company, chartered BY the State OF
Louislans, shall have the right q cons
meet BY the most eligible Ronto 70 BE-
selected by said company viii the satd
| Texas Pacific railroad ~ its eastern
terminus, and shall have The right 81
way through the public land 70 the
same extent granted hereby 20 the said
I Texas Pacific Railroad Company ana
in aid Of it, constru stion from New
| Orleans to Baton RonRe, thenee ~ ths
! way Of Alexandria, II said State. "a
connect With the said Texas PAcilie
Railroad Company ~ ~ easkern term-
linus, there 10 hereby granted % eaid
/ company, ite suceesooro and Asb1xus,
the same number Of altdfnnte &c dom
OF public lands per mil6, {n The State
Of Lcuiiiana, 10 are " tbis Act Rfauted A
u the State of Calitornia, 70 sAid Texas