Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1874-06-27
OLYMPIA-TENINO RAILROAD BILL,
The following is our local railroad hill

The followingis our local railroad bill
as it passed Congress-:
\ Bill to authorize the County Commission
! Territory, to issue bonds for the purpose OF
constructinga railroad from Budd's Inlet
Puget Sound; to intersect the Northern Pa
clfic Railroad at or near TeninO.
BE 1t enacted by the Senate and HOUSE
Of Representatives. Of the United States o,
America IN Congress assembled, That the
County Commissioners of Thurston
county, in Washington Territory, be,
and they are hereby, authorized and
empowered to contract with any legally
authorized corporation or individuals to
construct and equip a railroad from
Budds Inlet, Puget Sound, to connect
with the Northern Pacific Railroad at
or near Tenino, all in the said county
OF Thurston, and to issue bonds of
Thurston county in aid thereof, which
bonds shall bear interest not exceeding
ten per centum per annum, and the
principal thereof shall not exceed in
amount ten per centum of the value of
the taxable property of the said county
OF Ihurston as legally assessed for Ter
rltorial taxation, and shall not, in any
event, exceed, in the aggregate, two
hundred thousand dollars, notwithstand-
ing this sum may be less than ten per
centum of such taxable valuation; and
any such bonds issued in excess of said
ten per centum of the Territorial taxa.
BILE valuation of the property of said
county, or in excess of two hundred
thousand dollars in the aggregate in
any event, shall be absolutely void; and
all persons interested are required to
take notice hereof. And the said Com
missioners are hereby authorized and
empowered to designate the time and
manner of payment of the principal and
interest of said bonds, and also to de-
termine the class and gauge of said
railroad: Prouided, That no bonds shall
issue until the full and final completion
of said railroad: And prorided Further,
that said county of Thurston shall not
contract with any person, firm, or cor
poration to construct said railroad until
such person, firm, or company shall en-
ter into good and sufficient bond, in
the penal sum of two hundred thousand
dollars, to be secured by first mortgage
on said railroad, conditioned that they
will operate said road with passenger
and freight trains for period of TWEEN
ty'tive years: -Ind prorided .furthcr,
That when the said county commission
ers shall have agreed upon the terms
for the construction of said railroad
with any individual, firm, OF corpora
ton, they shall call a specia! election at
such time as they may designate, by
causing three notices of such election,
which said notices shall embrace the
terms of the proposed contract, to he
posted for twenty days in each election
precinct of said county of Thurston, at
which the said proposed contract shall
be submitted to the legal voters of said
county; and if two-thirds of the said
votes cast at the said election shall be
in favor of the said contract, and such
two-thirds shall be equal in number to
Il majority of votes cast in said county
at the then next preceding election for
delegate in the Congress of the United
States, then the said county commits
sioners shall complete the said contract
and issue the bonds provided for by
this act, and not otherwise. Such
elections shall be held at the same
place, in the same manner, and the re-
turns thereof made by and fled with the
same officers, rs is required in case of
election for county officers under the
laws of said Territory.