New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-25
GENERAL NATuRE-No. 54l

=
IAN act 10 incorporate the Texas Pacific
Railroad Company, and to aid in the con
stTuctiOn of its road, and for ether pur
poses approved March third eighteen
hundred and seventy one.
Be it enacted by the Senate and House O.
Representatives of the United States o.
America in Congress assembled, That the
name, style and title of the Texas Pacific
Railroad Company shall hereafter be The
Texas and Pacific Railway Company" and
the said Texas and Pacific Railway Com.
pany shall have, possess and eujOy all the
| rights privileges and franchises heretofore
| conferred upon the said Texas Pacific Rail
| road Company.
SEC , That the said the Texas and Pa
| citic Railway Company shall have power
and authority to issue the construction and
land bonds authorized by the eleventh sec
! ton OF said act of incorporation, for such
| amounts, not exceeding forty thousand dol
lars per mile of said road, of construction
bonds, as said company may deem needful
| to provide for the construction and equip
! ment of its line, and to include in the mort
| gage or mortgages to secure said cOnstruc-
| ton bonds all or any portion of the lands
! granted IN and OF the construction OF said
| railroad; and in the mortgage or mortgages
to secure said land bonds, any portion of
| Of said lands not so used to secure the con-
| structiOn bonds aforesaid; and all or any
putJlUu Vi IliC idLuS- uGtiull6l DN Tue terms
OF consolidation lawfully authorized by the
fourth section Of said act of March third,
eighteen hundred and seventy-One, with
any railroad company or companies to
whom grants of land may have been made,
or may hereafter be made, by any congress
siOnal, State or Territorial authority or who
may have purchased the same previous to
any such arrangement or consolidation, and
within the time limited for the completion
ot the road and oil cuab lands If do
scriptiOn shall he subject to all linita-
tons and conditions now by law existing
in relation thereto, and as modified by this
act; and this act shall not be construed to
to revive, enlarge, extend or create any
land grant whatever, beyond that hereto
fore granted by Congress, and which shall
duly inure to said company upon cOmpli-
ance with the terms of this act in relation
to the times fixed for completion of said
railway, and all such mortgages shall be
subject to all the conditions and limitations
by law existing under this act and the acts
to which it is supplementary in respect to
such lands, and shall not be held to vest
any title in the mortgage or create any lien
on such lands, other than such company is
or may become lawfully entitled to vest or
create Hereunder; but the amount Of said
land bonds shall not exceed two and a half
dollars per acre for all lands covered by
the mortgage or mortgages securing the
same.
SEC. 3. That all the mortgages made and
executed by said railroad company shall be
filed and recorded in the Department Of
the Interior, which shall be a sufficient evil
dence of their legal execution provided,
that the aforesaid bonds and the author
lied capital stock, or the proceeds thereof
shall be applied only for the purpose of
securing the construction, operation and
equipment of the contemplated railroad
line, under lawful contracts with such par
ties, and on such terms and conditions as
said company may deem needful, ami for
the further purpose Of purchase, cOnsolida-
ton, completion, equipment and Operat-
ing OF the other roads, as cOntem-
plated by said act and specified therein,
being part Of THE aforesaid railroad line,
and tor the expenses necessary and incident
to the works authorized thereby; provided,
however, that said road and its equipment
shall be Of the standard heretofore required
by the United States government for the
existing Pacific railway lines: And provided !
further, that the said mortgage or mort
cages shall in nOwise impair or affect any
lien existing on the property of said com
pany or companies at or before the time Of
such consolidation.
Sec. i. That said road shall be construct
ed Of iron or steel rails mauUtaetured from
American ore. except such as may have |
any railroad company which may be pur-
chased byOr consolidated with this company. |
SEC. 5. That the said Texas and Pacific |
Railway Company shall commence the CON |
structiOn Of its road at or near Marshall, !
Texas, and proceed with its construction, !
under the original act and this supplement, |
or in pursuance of the authority derived !
from any consolidation as aforesaid, |
westerly from point near Mar
shall, and towards San Diego |
in the State of California, Oh the line
authorized by the original act, and so prose
cute the same as to have at least one hun
bred consecutive miles of railroad from said
point complete and i'll RAINING order within
two years after the passage OF this act; and
so continue to construct, each year there
after, sufficient number Of miles, not less
than one hundred to secure the completion
Of the whole line. from the aforesaid point
IN the eastern boundary of the State of
Texas to the bay Of San Diego, in the State
IF California, as aforesaid, within ten years
alter the passage of this act; and said road
rom Marshall, Texas, throughout the
ength thereof, shall be of uniform gauge;
provided, however, that the said company
hall commence the construction of said !
'Oad from San Diego eastward within one
year from the passage of this act, and con-
truct not less than ten miles before the ex-
)iration Of the second year, and, after the
econd year, not less than twenty-five miles
)er anuum in continuous line thereafter
between San Diego and the Colorado |
liver until tie junction is formed with the
inc from the east al the latter point or
asst thereof and upon failure to 20 com
)lcte it, Congress may adopt such measures |
Is it NAV deem necessary and proper to
ecure its speedy compilations. and it shall
llso be lawful for said company to COM
hence and prosecute the construction Of its
inc from any other point or points on its
inc; but nothing in this act contained shall
,e SO construed as to authorize the grant of
ny additional lands or subsidy, of any ma
ure or kind whatsoever, on the part Of the
government OF the United States
provided, that said Texas and Pacific
Railway Company shall be, and it is
ereby, authorized and required to
Onstruct, maintain, control, and optTae
road between Marshall, Texas, and
Shreveport, Louisiana, or control and
operate any existing road between said
oiIts, Of the same gauge as the said Texas
nd Pacific railrOad and that all
Dads terminating at Shreveport shall
ave the right to make the same
INNING connections, and shall be
ntitled to the same privileges, for
he transaction of business in CON
lection with the said Texas and Pacific
ailway, as are granted to roads iutersect-
ng therewith provided further, that moth
NJ herein shall be construed as changing
he terminus Of said Texas and Pacific rail
way from Marshall, az provided in the
riginal act.
SEC. 6. That all acts or parts Of acts in
OGsisteLt with this supplement be and the
anne are hereby repealed.
Approved May ;, 1872