The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-05-29
GENERAL NATuRE--No. 54.l

An ACT supplementary to an act entitled ''An
act to incorporate the Texas Pacific Railroad
road, and for other purposes approved March
third, eighteen hundred and seventy-one. Eth
Be it enacted By the Senate and House Of Repre-
seatattpes of the United States of Americd Ia, Jon
gress 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 The Texas and Pacific
Railway Company shall have, possess and en-
Joy all the rights, privileges, and franchises
heretofore conferred upon the said Texas Pa
cifie Railroad Company.
SEC 2. That the said The Texas and Pacific
Railway Company shall have power and aii-
thority to issue the construction and land bonds
authorized by the eleventh section OF said act of
incorporation, for such amounts, not exceeding
forty thousand dollars per mile of said road, of
| construction bonds, as said company may deem
needful to provide for the construction and
equipment of its line, and to include in the
mortgage or mortgages to secure said construc-
ton bonds all or any portion OF the lands granted
in aid of the construction of said railroad and
in the mortgage or mortgages to secure said land
bonds, any portion of said lands not so used to
secure the construction bonds aforesaid and all
or any portion of the lands acquired by the
terms of consolidation lawfully authorized by
the fourth section of said act of March third,
eighteen hundred and seyenty-one, with any
railroad company or companies to whom grants
of land may have been made, or may hereafter
be made, by any congressional, State, or Terri
torial authority, or who may have purchased
the same previous to any such arrangement or
consolidation, and within the time limited for
the completion of the road, and all such lands of
every description shall be subject to all limita-
tions and conditions now by law existing in rela-
ton thereto, and as modified by this act; and
this act shall not be construed to revive, enlarge
extend, or create any land grant whatever, be-
yond that heretofore granted by Congress, and
which shall duly inure to said company upon
compliance 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 OF 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 half dollars per acre
for all lands covered by the mortgage or mort
cages securing the same
SEC. 3, That all the mortgages made and exc
cuted by said railroad company shall be filed
and recorded in the Department of the Interior,
which shall be sufficient evidence of their legal
and the authorized capital stock, or the proceeds
thereof, shall be applied only for the purpose of
securing the construct n operation, and equip
ment of the contemplated railroad line under
lawful contracts with such parties, and on such
terms and conditions as said company may deem
needful, and for the further purpose of purchase,
consolidation, completion, equipment, and ope-
rating of the other roads, contemplated by
said act and specified therein, being a part of
the aforesaid railroad line, and for the expenses
necessary and incident 10 the works authorized
thereby Provided, ho11euet, That said road and
its equipment shall be of the Etandard hereto
fore required by the United States government
for the existing Pacific railway lines: And pro.
uiied further, That said mortgage or mortgages
shall in nowse impair or affect any lien existing
on the property of said company or companies
at or before the time of such consolidation
SEC 4. That said road shall be constructed OF