Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1874-03-28
#'ashinoton stanaara.
Our Agents.
OLYMPIA. SATrIDAl MORNING. liar. Is, 1914
THE RAILROAD BILL.

The indications are, that the bill
before Congress authorizing our County
Commissioners to issue bonds in aid Of
the Olympia-Tenino Railroad, will pass
I. has been reported by the House Com
mittee on Territories, with an amend
ment in the form of a substitute, and a
unanimous recommendation in favor of
its passage. On the 9Th inst. it was
under discussion in the House, and
supported by the Chairman of the COM
mittee and Judge McFaddcn in short,
pointed speeches, andorposed By several
of the members from tho Western
States. The bill was finally referred to
o Committee of the Whole and ordered
to be printed. We publish below the
Senate bill, which is copy of the sub
stitute, excepting that the Limitation of
bonds is fixed at instead of 10 per
cent. of the value Of taxable property
in the county, and the bond to the peo-
pie guaranteeing the maintenance of
the road for q period of twenty-five
years, is fixed at 100000 instead Of
$500, 600:
Be u enacted by tie Senate and House
of Representatives. # the United States
Of 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-au;horized cor
poration or individuals, to construct and
equip railroad from Budd's Inlet, Puget
Sound, to connect with the Northern Pa
cifc Railroad at or near Tenino, all IN the
said county ofThurston, and to issue bonds
Of Thurston County in aid thereof, which
bonds shall bear interest not exceeding ten
per ccntum per annum, and the principal
thereof shall not exceed in amount ten per
cen,um of the value of the taxable proper
ty Of said county Of Thurston as legally
assessed for territorial taxation, and shall
not, iu any event, exceed, in the aggregate,
two hundred thousand dollars, notwith.
standing this sum may lie less than ten per
centum of such taxable valuation; and any
such bonds issued in excess of said ten per
centum of the territorial taxable valuation
of the property of said county, or in excess
Of two hundred thousand do.llrs in the az.
gregate 10 any event, shall be absolutely
void; and all persons interested are re
Quired to take notice hereof. And the
said commissioners arc hereby authorized
aud empowered to designate the time and
manner Of payment Of the principal and
interest of said bonds, and also to dcterm.
inc the class and gauge at said railroad !:
Provided, That no bonds shall Issue until
the full and 6nal completion of said rail.
road: Ind provided further, That said
county Of Thurston shall not contract with
any person, firm, or corporation to construct
said railroad until such person, firm, or
company shall enter into good and suffi-
cient bond, in the penal sum OF two hund.
red thousand dollars, to be secured by FIRST
mortgage 90 said railroad, conditioned that
they will operate said road with passenger
and freight trains for period Of twenty
Eve years: And prorided further, That
when the said county commissioners shall
have agreed upon the terms for the con-
struction Of said railroad with any iudivid.
ual, 6rm, or corporation, they shall call a
special election at such tune as they may
designate, by causing three notices OF such
election, which said notices shall embrace
tho terms Of the proposed contract, to be
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 majority of the votes
cast 10 said county at the then next pre-.
ceding election for delegate 10 the Con.
gress Of the United States. then the said
county commissioners shall complete the
said contract aud issue the bonds provided
for by this act, and not otherwise. Such
election shall be held at the same places,
in tss same manner and the returns there.
of made by and fled with the same officers.
o. 10 required 10 case Of election for county
o6cers under the laws Of said Territory.
OLYMPIA DISTRICT SCHOOL. visit to
the school under the charge of Mr..
Kaye and Miss Patterson, few days
ago, impressed US very favorably with