New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-20
GENERAL NArURE-No. 5il

|
Railroad Company and to aid in the con-
structiOn of its road, and for other pur-
poses" approved March third, eighteen
! hundred and seventy one.
| Be it enacted by the Senate and House of
| Representatives of the United States OF
! 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 euiOy 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 needtul
| to provide for the construction and equip
| ment of It's 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 aid of the construction o. 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
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 seventy-One, with
any railroad company or companies to
whom grants of land may have been made,
or may hereafter he 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
of the road, and all such lands of every de-
init ohnl l,o n oil limit
tiOns 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 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 executions 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-
Ling of the other roads, as cOutem-
plated by said act and specified therein
| being part of the aforesaid railroad line,
! and for 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. 4. That said road shall be construct
| ed Of iron or steel rails manufactured from
| American ore, except such as may have
| been contracted for before consolidation by
chased by0r 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, on 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 in running order within
two years after the passage OF this act and
| 80 continue to construct, each year there
| after, sufficient number of miles, not less
| than one hundred, tn secure the completion
| Of the whole line, from the aforesaid point
| on the eastern boundary of the State OF
| Texas to the bay of San Diego, in the State
| of California, as aforesaid, within ten years
| after the passage of this act; and said road
| from Marshall, Texas, throughout the
! length thereof, shall be of uniform gauge;
provided, however, that the said company
! shall commence the construction of said
| road from San Diego eastward within one
year from the passage of this act, and con
| struct not less than ten miles before the eX-
! pirati0n of the second year, and, after the
| second wear, not less than twenty-five miles
per annum in continuous line thereafter
| between San Diego and the Colorado
| river until the junction is formed with the
| line from the east at the latter point r
east thereof; and upon failure to so con-
| plete it, Congress may adopt such measures
| as it may deem necessary and proper to
| secure its speedy completion; and it shal
also be lawful for said company to com
| mence and prosecute the construction Of its
line from any other point or points on its
line; but nothing in this act contained shall
be SO construed as to authorize the grant Of
| any additional lands or subsidy, Of any na-
| ture 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
| hereby authorized and required to
construct, maintain, control, and opera g
a road between Marshall, Texas, aud
! Shreveport; Louisiana, or control aud
! operate any existing road between sald
! points OF the same gauge as the said IeXds
| and Pacific railroad and that AL
| roads terminating at Shreveport shall
have the right to make thu same
| running connections, and snaH "t
entitled to the same privileges, tor
The transaction of business IN con
nectiol with the said Texas and Pacihc
railway. as are granted to roads interHect-
ing therewith; provided further, That noun
ing herein shall be construed az changing
the Terminus Of said Texas and FaciHc rail-
wav from Marshall, as provided IN the
| original act.
#EC. 6 That ali acts or parts Of acts in
consistent with this supplement- be anu the
same are hereby repealed.
! Approved May :, 1872.
GENERAL NArURE-No. 81
II