The new Northwest. [volume] (Portland, Or.) 1871-1887, 1876-05-12
The Winnemucca Railway Proposition.

The following is an abstract of the bill
prepared by the Central Pacific Rail-
way Company to be adopted by the
people of this State through the legisla-
ture:
SECTION l. Creates a company to be
called the Oregon and Central Pacific
Railroad Company.
SEC. 2. Defines the proposed line from
within 100 miles of Winnemucca to a
point of intersection with the o. &. G.
r. R., not farther north than Eugene
City, and thence to the city of Portland,
by such routes as may be deemed prac-
ticable with branches and extensions to
the Columbia River.
SEC. 3. Gives power to acquire the
franchises of Oregon Central Pacific
Railway and o. d. G. r. r., if deemed
necessary, and hereafter agreed upon
! by these companies.
| SEC. 4. Gives right of way of 100 feet
and necessary grounds for stations,
| depots, and side-tracks, etc., not eX
ceeding 40 acres at any one place, and
right to take timber, stone, and water
! to construct the road.
! SEC. 5. Right to purchase public and
unoccupied land for purposes of company
at rates established by law.
SEC. 6. Exemption from taxes
estate, municipal, or local character''-
until net earnings remaining latter pay
ment of expenses, etc., and interest pay
ments), shall exceed the sum of 10 per
cent per annum on capital stock of
company, thereafter company to pay
taxes by general laws applicable to real
and personal property.
SEC. z. Giving railroad company
power to issue it's own bonds, and pay
interest thereon not exceeding per
cent per year.
SEC. s. Contracting "from and after
acceptance of this act,n to transport and
convey over the railroad company's
road all public messengers, cOnvicts,
|. prisoners, lunatics, and public officers,
and all articles for the State Fair at Sa-
|, lem, and to be returned therefrom; and,
in case of war, invasion, or insurrectiOn,
the troops aud munitions of war, etc.,
: etc., for sum equivalent to S210,000 for
!, 80 years, payments to be made pro rata
: on each 40 miles of the road when
built. This section concludes thus:
: "And said interest payments shall be
deemed to be full and sufficient COM
, pensatiOn for said services, and-no other
. or further liability shall accrue to the
State within the period mentioned for,
or on account of any interest payments,
nor at any time on account of the priRci-
pal sum of said bonds, which shall be
, paid by said railroad company at ma
turity."
SEC. 8. Authorizes the city of Port
; land, or the county of Multnomah, ia
: subscribe or issue its bonds to an
amount not exceeding one million dol
! lars, at s per cent interest, and to levy q
: tax for same. But the Central Pacific
Railroad Company do not, however
: ask the city to subscribe that sum
J They say that it is altogether likely
that they may have to erect important
: structures on the river at Portland
after the line is completed, and expect
: the city will assist them in making
t these structures and river improve.
} ments, but they add: possibly moi
until after the city has begun to feel the
t benefits of the railroad" Nor do they
say that they will ask million dollar:
8 for these purposes. 1t is left to the
people of Portland to vote a sum not ex,
2 ceeding one million dollars.
r SEC. 10. Specifies that the survey:
are to be commenced Immediately, anC
! the road built within ten years.
( SEC. II. Gives the company power a.
! to fare and freights, and tolls to be col
s lected, until the company earns interes
on its bonds and capital invested, bu
, provides that the company can not, a
D any time, charge higher rates per mil,
than may be charged for the time bein,
/ by the Central Pacific Railroad mali
line in Utah and Nevada, and compel
2 the company to issue through bills o
s lading to and from Portland and the At
s lantic Coast and Mississippi Valle,
= at rates never exceeding those charged
to or from San Francisco, with tn
= ocean charge from San Francisco addet
thereto.