New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-30
LAWS OF THE UNITED STATES.
Passed At the I'hird Seoaloa Of the Ferry.
First Congress. Il.

Passed 1t the Third sesais. Of The Fsrt,
| First Congress.
AN ACT to incorporate the Texas Pacifi
Railroad ComDany. and to aid in tue COZ
etruction of its Road, and for other pul
poses.
Be it enacted BY the Senate and House
Representatives Of the United States q
America in Congress assembled. That job
C. Fremont, James L. Alcorn, G.. NJ. Dodge
o. C. French, John d. Caldwell, J. j. Noah, A
C. Osborne, Timothy Hurley, c. C. Poo
Silas N. Martin, John N. Corse, George Z
Wentworth, Philip H. Morgan. ]: D. Cam
John Ray, w. Vermilye, Enoch l.. Faucher
Charles f. LivermOre, Joseph H. Oglesbv
John WhytOck, Daniel Drew, +. S. Davis
w. Orton, A. c. Babcock, Thomas A. Scott
Samuel d. Hoffman, HI. Ramsdale, William
H. jackson, r. c. Parsons, Delos w. En-
mons, NJ. A. SOuthworth, John H. Hall, G
Z. Kinney, w. P. Clark, James Dart, H
Jacobs. l.: I. Smith. W. p. Dole, c. A. Weed
A. P. X. Stafford, H. Mccullough, Charles
jackson. Elisha Dyer, Alfred Anthony
James Hoy, NJ. w: Benjamin, H. d. Cooke
Tebbetts, C. &. Leondridge, d. ID. Porter
N. Woodruff, Hiram Price, NJ. C. Hunter
w. 7. Walters, j. Il. BrOwnlOw, T. A. Nor.
ris. Owen Tuller, j. H. Ledlie, K. NJ Bishop,
Samuel Craighead, D. N. Stanton, Au-
gustus H. Whiting. G. L. Johnston, j. w,
GOOdland, Powell Clayton, Samuel Tate,
". Bolton, H. Robinson, George Nancy.
0. II. Bynum, NJ. Burns, j. C. Good
loe, E. G. Barney, Cyrus Bussey, j. w.
FOrney. j. Lockwood, E. NJ. Davis. N. Pat
ton. w. Flanagan, g. O'Brien, G. p. Buel,
r. III Gi6Ainn I u
n. Shoemaker, Samuel Sloan, s. w. Morton,
J. =. Bowman. L. M. FlOurnoy. j. j. Kinds,
G. r. Weeks, j. T. Ludeling, b. c. Gilbert,
=. ID. Williams, Thomas OlcOtt. G. A. FOs-
dick, Harry Hays, p. S. FOrbes. John +.
Sprague, L. K. Marsh, A. w. Beckwith, j,
C. Stanton, Cyrus H. Baldwin, A. j. Hamil-
ton, Rush r. Sloan. Silas c. Colgrove, Sam
uel ID. Jones, N. H. Decker, William N.
Leet. F. E. Allen, j. b. Chaves, Augustus
kOuntze, John N. Goodwin, William s.
ROsecrans, Michael Hahn, H. G. Warmotb,
!; 8; Williams; G. n. Spencer. L. j. Highly,
w. e. kimball, and all such persons as shall
Or may be associated with them, and their
successors, are hereby created q body poll
tic and cOrpOrats in fact and in law, by the
name, style, and titlo of the Texas Pacific
Railroad Company, and by that name shall
have perpetual succession, and shall he 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
locate, construct, furnish, maintain.
and enjoy continuous railroad and tele-
graph line, with the appurtenances from y
point at or near Marshall, county of Har-
bison, State of Texas; thence by the most
1irect and eligible route. to he determined
~ said company, near the thirty-secOn
parallel of north latitude, to a point at or
near Ell Paso; thence by the most direct
md eligible route. to be selected by said
through New Mexico and Ari-
'Ona, to point on the Rio Colorado, at or
lear the southeastern boundary 81 the
state of California; thence by the most
!lrect and eligible route to San Diego. Cali
Ornis., to ships channel, in the bay of San |
Diego. in the State of California, pursuing |
q the location thereof, as near as may be, |
he thirty -second parallel OF north latitude,
nd is hereby vested with all the powers,
and immunities necessary to carry |
nto effect the pur [po] SEES of this act.
SEC. :. That the persons named in the |
rst section Of this act shall constitute o
GARD OF commissioners twenty of whom
hall constitute quorum for the t1ansac-
ion of business), to he known as the Texas
acitic Railroad Commissioners, who shall
leet in the city Of New York within ninety
avs after the passage of this act, at time
, bo designated in o notice to he signed
Y the person first named in the list of
operators and six of his associates, and to
9 published for two weeks in, at least, one
ally paper in New York, New Orleans and
'ashingtOn; and, when so met, they NAV
fuse books to be opened for the subscrirS-
on OF the capital stock of said company.
\ Uyha fvx-n w. III, /
g to two millions Of dollars shall have
zen subscribed, and ten per centum
tually paid thereon. in money, to the
t. be elected by said COMMITS
oners, who shall give bond for it's safe
eping and payment to the treasurer of
e company when organized, then it shall
lawful for such subscribers or stock.
lders, or majority thereof, to organize
i'd company in accordance with the pro- :,
sions Of this act, and to elect not less .
IN seven, nor more than seventeen direc. :
70, a majority of whom shall be necessary !
the transaction of business, and who .
ali hold their Offices for one year aud /.
til their successors shall be elected and
allied; and the said directors shall imme- . !.
lte!y proceed to elect a president, vice
ssident, secretary and treasurer; the pres
mt and vice president shall be directors. y
all elections for directors each share of = =
ok shall be entitled to one vote. which
y be gwen by the holders in person. or by
ky, who shall also he shareholder.
E directors shall hold their offices for any p
M not exceeding three years, as may be G.
vided in the bylaws; and the animal o
etings oi stockholders shall take place "a a
viled for IN said bylaws. it
&c. 3 That the capital stock of the Texas II
INC Raili"al Company shall be fixed by '.
board OF directors at sum not exceed u
fifty millions of dollars. in shares "
one hundred dollars; and when the b
'unt Is SO fixed, it shall never be in. -
Used except BY consent of Congress-. AS pr
ments upon said stock shall only be er
lie ~ majority vote of the whole num- N
OF directors at regular meeting, which ID
assessments shall be paid at the expira- m
OF thirty days after q notice given in re
newspaper in each OF the cities Of WASH tn
on, Philadelphia, New York and New Of
ans. to-
&c. 4. That the said Texas Pacific Rail. Ga
Company shall have power and lawful en-
ority to purchase the stock, land no
TIA, franchises and appurtenances of ac
consolidate ON such terms as NAV be an
ed upon between the parties, with any rig
DAD company or companies heretofore OF,
tered by congressional, State or terri to
i authority, on the route prescribed in tnt
lrst section of this act; but no such con- ele
alton shall be with any competing am
ugh line Of railroads to the Pacific are
IN. I'm
c. 5. That the said company shall have su!
sr ana authority to make running ar sal
ements with any railroad company or
'anies heretofore chartered, or that NAV pal
after be chartered by congressional, ma
or territorial authority; also to pur. of
lands, or to accept donations, or oat
u OF lands, or other property, from the
VI 1ho!Vl0uaiS, 1or The purpose Of aid sD(
carrying out the OBJECT OF this COM rOa