Evening star. [volume] (Washington, D.C.) 1854-1972, 1876-01-12
A New Railroad Project.
THF nNION RAILWAY COMPAN


THE UNION RAILWAY COMPANY.
The bin introduced in the House OF Repre-
sentatives few days ago aud referred 10
the Committee on the District of Columbia,
"to incorporate the Union Railway Com
pany of Washington, Georgetown, and
&c, That \. III. Herr, w. III. Tenney, g.
Hin, it,, c. s. Ramsburg, j. w. Thompson.
n. Acker, and j. f. Russell, of the District
Of Columbia, together with such other per
sons as may become associated with them
for that purpose, together with their sue
cessors are created boty corporate and
gives them the usual privileges OF such
corporations.
Sec. I. The said corporation is fully au-
thOriZed and empowered 10 survey construct,
collect tolls upon, maintain, aud enjoy a
railway line, with appurtenances and ma
chinery necessary for one or more tracks,
within the District of Columbia, cOmmeuc-
ing at some convenient point on the Potomac
river, above the city OF Georgetown, at or
near the northwestern line OF the District OF
Columbia; thence along said river bank 10
water street, In the city OF Georgetown;
thence east along said street To Green street;
thence crossing Rock creek at or near its
along SAID river-bank, or parallel thereto, to
the foot of 2jth street. in Washington City;
thence on the south side OF the Chesapeake
and Ohio Canal to 18th street west; thence
east along street southwest 10 10th street
west; thence north on 10th street west TO
Louisiana avenue; thence along said avenue
10 9Th street west: PrOriiei That no steam
power be employed on any portion OF the
main liue OF said railway east OF 18th street;
with the privilege of locating and construct
ing depot at or near the intersection OF Il IN
street with Il street southwest: PrOUidei,
also, That depot be located at some couve-
nient point on Water street, ia the city OF
Georgetown; also the privilege of construct
ing branch road from the point of intersec-
tion of the main line of said road with 1914
street west, along the bank OF the Potomac
river, IN southeasterly direction avoiding
the public grounds) 10 Maryland avenue
south, 10 the point of intersection OF said
avenue with the Long bridge; thence east
along Water street, in the city OF Washing
ton, 10 h street southwest; thence east along
h street south 10 ID street east, with the
privilege OF connecting with the lines OF the
Baltimore and Potomac Railroad Company
at the point of intersection Of the said X
street south with 2d street southeast: with
the privilege OF locating and constructing
bridge across the Potomac river at some
convenient point ABOVE Georgetown, and
connecting with any railroads constructed
or that may hereafter be constructed in the
state OF Virginia, or OF crossing the Aque-
duct bridge or any other bridge that may be
constructed by authority of Congress: Pro-
Uided, That such convenient draws be placed
in the bridge to be used as a crossing for said
for me n ss 70 an Nee'Oi -,t:es
Neseels.
Sec. = The capital stock shall consist OF
three thousand shares of one hundred dollars
each, which shall in all respects he deem Cd
Sec. 4 AUTHORIZES the company to borrow
$780,, 600 and To issue bonds therefore, bear
interest not exceeding seven per cent, pay
able mi-annually.
Sec. 5. That the persons herein named as
cOrporators, or a majority of them, shall,
within ninety days after the passage aud ap-
prevail OF this act, meet in the city of Wash
ington, for the purpose OF prescribing regu-
lations for opening OF books OF subscription
10 said capital stock, at such times and place
as they may designate, by public notice OF
at least ten days in two daily papers in the
city OF Washington; and said books shall be
kept open until SO, 900 OF said stock shall be
subscribed, and twenty per centum on all
subscriptions shall be paid in lawful money
at the time of subscribing TO the person or
persons authorized by the corporators TO re-
ceive the same; and whenever the amount
shall have been subscribed, and twenty per
centum OF the same paid in as above de-
sor.bed, it shall be the duty Of the above
them shall constitute a Quorum for
the transaction OF business) TO call a
meeting OF the stockholders at the city
OF Washington, for the purpose OF electing
directors OF the said corporation, aud each
share OF said stock on which the said twenty
per centum has been paid as hereinbefore
provided shall entitle the owner TO one vote.
The corporatOrs herein named shall desig-
nate majority OF their number TO act as
inspectors OF election; which majority of III
speetors so designated shall certify, under
their names, the directors thus duly elected,
and shall notify them of their election and
the time and place OF the first meeting OF the
said board OF directors. AT such meeting,
the above corpoTators shall deliver TO the
said directors the books of subscription TO
the stock OF said Union Railway Company,
together with the amount paid thereon, with
full report OF their proceedings under this
act; and thereupon the duties OF the corpora
tors hereinbefore named shall cease and de-
termine forever; and thereafter the said di-
rectors, with their successors or assigns, shall
constitute the said body polite and corpO-
rate. The directors thus chosen shall hold
their office for one year ami until Others are
elected and qualified TO fill their places. A
majority of said directors shall constitute a
quorum for the transaction of business.
Section provides for election of officers.
Sec. Z. Empowers the company TO pur-
chase, lease, receive, and hold such real es-
tate or other property as may be necessary
for accomplishing the objects OF this act,
and provides for the usual legal appraise-
ment of damages where there is disagree
ment between the company and the owners
OF the land.
The remaining sections provide for pro-
lection of the road; and that IL shall be fully
completed and equipped in three years; that
Congress shall have the right to regulate the
fees; that the property shall be subject TO
municipal taxation, etc.