The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1878-01-25
THE RAILROAD BOND BILL.

County Commissioners TO call an cleo
ton and issue. il voted. $50, 600 Of
Laramie county bonds to the Colorado
Central r. II. Co. The sections pre-
sented contain the points over which
warm disputes frequently ensue.
commissioners of Laramie county, Wyo-
ming Territory, be and are hereby auth
orized and empowered to issue the
bonds of the said county to the amount
OF n hundred and fifty thousand dol
lars to he Colorado Central Railroad
company, for the purpose of aiding and
assisting said railroad company in
building and constructing its line OF
railroad from Longmont, in the State
OF Colorado, to the city OF Cheyenne,
In said Laramie county, or OF operating
with It's line OF railroad, in connection
with the line OF railroad OF the Union
racine railroad company, a continuous
line OF railroad from said Longmont to
SAID cheyenne, making said city oil
cheyenne the northern and eastern ter
minus OF It's said line OF railroad, and
running all passenger and irelgh'trains
to and from tie n OF said Union Pa
cific Railroad to and from said city OF
cheyenne, upon the conditions herein
after provided.
SEC. y. said bonds shall be issued
on the first day OF February, y. ID.
1913, but before being delivered to the
said Colorado Central Railroad compa-
ny the said company shall execute and
deliver TO the board OF county commits
sloners of the said county, for the use
OF said county, a bond to the satisfac-
ton OF said board OF county commits
sioners i'll the sum of hundred and
fifty thousand dollars, conditioned:
That, if the building and construction
Of u railroad to or in the direction of
the Black Hills country shall be COM
menced from any other point or place
on the line of the Union Pacific rail-
road other than the city of Cheyenne,
in said county of Laramie, by the Col
orado Central Railroad company, or
any other company or corporation in
the interest or under the control of said
companies, or either of them, or oper-
ated in any manner by said companies,
or either of them, or in their interest,
then, and in that case, the Colorado
Central Railroad company shall return
and surrender to said board Of county
commissioners of said county of Lar
annie, II bonds of said county, issued
under the provisions Of this act, as
aforesaid, amounting to the sum of one
hundred and fifty thousand dollars, or
in default thereof, the said Colorado
Central Railroad company shall pay to
the said board of county commissioners
OF the said county of Laramie the full
sum OF seventy-five thousand dollars in
lawful money of the United States, as
llquidated damages, which shall be
deehed Que II payable at once upon
the Commencement OF the construction
OF sald railroad, as aforesaid, to and in
Try at any other pace OF point on said
Union racine raliroad imam cheyenne
"ioresald' ana II sald sum OF seventy
I'VE thousand dollars snail he forfeited
anu pau 10 said county, thch, ana III
tna1 event. said sum oil money shal be
SET apart ana reserved as Il BOND fund,
anu sliali De used IN the payment 1 the
principal ana interest OF the bonds Is
sue uhaef TINS ACT, IL the board OF
co"nty commissioners OF saiu county
shail nave authority TO purchase said
pohds, at any price they may see tit,
not exceeding the par value thereof.
SEC. III. Inc SAID board OF county
commissioners OF Laramie county afore-
saio, shall also' before issuing said
pohds To the colorado Central Railroad
company, exact and receive from said
company atisiactor security and guar
ahtee that the said Colorado Central
haiiroad company n the company
operating ana building SAID railroad to
or III inc dlreclioh OF the BLACK Hills
country: provided said railroad shall be
Dullt from sad city of Cheyenne, shall
puila ana use all such machine shops,
r~ouhd-houses and Offices as may be