The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1878-01-24

vi III oCGLAOiIo u lIt pltl IEtSSGtt bN
the recent legislature, empowering the
County Commissioners to call an cleo
ton and issue, if voted, $4,000 of
Laramie county bonds to the Colorado
Central r. r. Co. The sections pre-
sented contain the points over which
warm disputes frequently ensue.
SECTION l. That the board of county
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 one hundred and fifty thousand dok
lars to the 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 its line of railroad, in connection
with the line of railroad of the Union
Pacific Railroad company, a continuous
line of railroad from said Longmont to
said Cheyenne, making said city of
Cheyenne the northern and eastern ter
minus of its said line of railroad, and
running all passenger and freigh. trains
to and from the line of said Union Pa
cific Railroad to and from said city of
Cheyenne, upon the conditions herein
after provided.
SEC. o. Said bonds shall be issued
on the first day of February, A. d.
1878, 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
sioners of the said county, for the use
of said county, a bond to the satisfac-
tion of said board of county commits
sioners in the sun of one 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, the 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 se~venty-five thousand dollars in
lawful money of the United States, as
%liquidated damages, which shall be
deemed due and payable at once upon
the commencement of the construction
of said railroad, as aforesaid, to and in
the direction of the Black Hills coun-
try at any other place or point on said
Union Pacific railroad than Cheyenne
aforesaid; and if said sum of seventy
five thousand dollars shall be forfeited
and paid to said county, then, and in
that event, said sum of money shall be
set apart and reserved as Il bond fund,
and shall be used in the payment of the
principal and interest of the bonds is
sued under this act, and the board of
county commissioners of said county
shall have authority to purchase said
bonds, at any price they may see fit,
not exceeding the par value thereof.
SEC. 10. The said board of county
commissioners of Laramie county afore-
said, shall also, before issuing said
bonds to the Colorado Central Railroad
company, exact and receive from said
company satisfactory security and guar
antee that the said Colorado Central
Railroad company and the company
operating and building said railroad to
or in the direction of the Black Hills
country, provided said railroad shall be
built from said city of Cheyenne, shall
build and use all such machine shops,
round-houses and offices as may be
necessary and convenient for the oper-
ating of said lines of railroad, at said
city of Cheyenne. Also, security and
guarantees that the said Colorado Cen
trail Railroad company and the said
railroad in the direction of the Black
Hills, if the same shall be built from
said city Of Cheyenne, shall make
said city of Cheyenne the termi-
nus of the transaction of all business
to and from the Union Pacific
railroad, and the transfer of freight
and passengers from the Union Pacific
railroad shall not take place from m
other point or place.
SEC. IL. That in case the said Colo
RADIO Central Railroad company, the
Union Pacific Railroad company, or
any other railroad company in their
interest, or under their control, or with
their cooperation, shall build a line of
railroad from the city of Cheyenne to
or in the direction of the Black Hills