Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1873-05-16
THE RAILROAD BILL.
The following is the railroad bill as it was
amended and passed by both Houses of tile
Legislature over the Governors veto

bill for an Act enabling and authorizing IN
tana - and in the construction Of Raj road, All
to subscribe to the capital stock OF The same.
BE II enatced By The Legislature assembly 3
The Territory 81 Montana
Sec. /. That from and after the passag
OF this act, it shall be lawful for the count
Commissioners of any or al the countie
within this Territory to subn:s to any incor
porated company now orgahizetl. Or tia
may hereafter be organized, to construct
4 railroad line INTO or through this Territory
proposition to subscribe to the capital stocl
OF any such company proposing to constrsfc
a riilroad from either the line of the Unioi
Pacific, Central Pacific. or Utah Northcri
Railroads in the Territory OF Uiah. into, O.
through the Territory OF Montana, not cx
feeding twenty per cent. of the taxable pro
perty OF said cotinty, upon the terms ant
conditions hereinafter prescribed, namely
! First. 1t is hereby made the duty of TIN
County Commissioners of Madison. Jefferson
and Gallatin counties, ut the next genera
and annual election, respectively, to submi
to the qualified electors OF said counties, (
proposition to take and subscribe to the CAPT
tai stock of such company fifteen per cent
of the taxable property, real, personal and
mixe,l, in the following manner to wit Two
per cent.npon such taxable property at the
itime said railroIo shall reach Said co.nty, to
| be asccrtained by the assessor or assessors
returns, next thereafter made. and the re-
naming thirteen per cent. of said sub>crip-
~ Il ~.
the assessor or assessors annual returns made
for the year 1876, provided the said assessor
or assessors shall proceed on and after the
first d y of February. 1876, to make
the annual assessment fer that year,
and shall complete the same as soon
as possible tli.t proposition of Ike
effect shall also be submitted by the County
Commissioners of Meagher to taxa, d sub
scribe tes, per cent, two per cent. OF which
shall he levied upon the taxable property,
real. personal AVID mixed of said county, aI
the time said road reacl.es tie same, and the
remaining eight per cent, TO be estimated
upon the returns OF the assessor or assessors.
rs provided fer the counties of Madison.
Jefferson and Gallatin; That a proposition Of
like effect shall also be submitted to the quail
iiied electors OF Lewis and Clarke county. BY
its board OF County Commissioners to tax and
subscribe to the capital stock of said comp ny
the sum Of twenty per cent. OF tile assessable
of said County, that is 10 say. two
per cent. OF the value of the real, personal
and mixed property of said county, at The
time said road reaches the line OF said county
and the remaining eighteen per cent. after
ma City. in said county, to be estimated and
ascertained in the manner hereinbefore pro-
vided for the counties of ks,ison, Jefferson
Gallatin and Mcagher.
Second. The sane to be payable in the |
coupon bonds Of said county, payable in
thirty years from the date thereof, with in
ercst at the rate of seven per cent, payable
at the Capital OF this Territory, or
II New York City, at the option of the hold
r, the same 10 be delivered as follows: The
'aid two per cent. upon said road reaching
he boundaries of the respective counties,
ind the amount ascertained as aforesaid, and
lie residue as provided herein, to be delivered
Ipon the completion Of said road, and the
'utting of the same in good running order
nd general opsHasiofsteethe city of Helena;
nd the amount thereof also ascertaincd in
he manner hereinbefore mel toned; and iii
ase counties, ether thar Madison, Jeffers On,
allatin, Meagher and Lewis and Clake coun-
es through which said road shall not tra-
erse, and who shalPso subscribe to the cap
al stock of said company; the bouds of such
,unty shall not be delivered until said road
lall be completed to the city of Helena.
Third. Sdch road to be of the first class in
$ construction, rolling stock and equipment
I'd Of gauge not less than three ieet. The /.
me shall be completed and put in good
inning order, we'll furnished with rolling
ock and put in general operation into this
erritory. and to Helena within two and
If years frbm the 30th day of September, !
73. and shall place the said city of Helena :.
railroad communication with the Central !.
acific, or Union Pacific, or Utah Northern :
abroad within two years; and a half from !
9 said 30th day of September, otherwise )
E contracts herein named to subscribe to
id stock shall be null and void on the part
the said counties, and all liability by vir-
e thereof shall cease; and said company
all continue the said road as common car
'rs until said bonds shall be fully paid !,
,tfce of said proposals. shall be duly given !. !.
the officers of the Utah Northern Rail- :.
ad. Central Pacific Railroad and the Union :, :.
cific Railroad; as also in one or more :.
wspapcrs.
Sec. 2. When any such company shall II
,ept such proposition, or one substantially a
j same, the Commissioners so making the =,
ne or their successors in Office, shall at the
xt annual election thereafter, cause to be :.
omitted to the electors of their county said !.
,position for their approval or rejection :.
! il majority Of the electors, at such cleo s.
Il. shall by theiryotes approve of such 5.
,position. then said Commissioners shall !,
mediateIy enter into q contract In writing j,
ID said company in accordance with said :,
,position and acceptance so as aforesaid
proved but no liability shall attach thereb, in
iii said contract shall be performed As 60 60
ein specified; AMI when the same shall 4,
re been performed upon the part Of said ie
npany, its successors or assigns. as herein pa
,videt. the full faith and credit Of any such g, -
lnty is hereby forever pledged to the full 8
Tnent of both the principal and the inter af