Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-01-21
n RAILR A BILL
INTRODUCED BY SENATOR PER.
LEY.

An Act TO Encourage the Construe.
tion of n Railroad from the Town
Of Eureka. state of Nevada. TO the
Colorado River.
The People Of the State of Nerada, Rep
resented In Senate and Assembly, do
enact as foiotcs:
Section 1. The Eureka and Colorado
River Railroad Company, a corporation
heretofore organized in January, 1881, and
now existing under and by vir tue of the
laws Of the State of Nevada, is hereby
| given and granted the right, privilege and
franchise OF building, constructing, main
tanning and operating a railroad with iron
rails, between a point at or near the town
OF Eureka, in Eureka county, State Of
Nevada, and thence by the most feasible
and practicable route through, or in the
vicinity of, Hercules Gap, in White Pine
county, to a point in the State of Nevada,
on the Colorado River, at or near the town
! OF Callville; the gauge Of said railroad
shall be what is known as narrow gauge.
Sec. 2. The Board of the County Com
m%issioners of the County of Eureka, in
this State, are hereby authorized and di-
rected to prepare and issue the bonds Of
said county to the amount Of one hundred
thousand dollars, upon the condition and
pursuant to the provisions hereinafter en-
acted, which said bonds, when so issued,
shall be delivered to the said Eureka and
Colorado River Railroad Company, for its
benefit, in exchange for an equal amount
of the fully paid up capital stock of said
railroad company at the par value thereof;
The Board Of County Commissioners Of
White Pine county, in this State, are here
by authorized, empowered and directed to
| prepare and issue the bonds of said county
to the amount Of two hundred thousand
dollars, upon the conditions and pursuant
to the provisions hereinafter enacted,
which said bonds, when so issued, shall be
delivered to the said Eureka and Colorado
River Railroad Company, for its benefit.
in exchange for an equal amount of the
fully paid up capital stool Of said railroad
company, at the par value thereof;
The Board of County Commissioners of
Lincoln county, in this State, are hereby
authorized. empowered and directed to
prepare and issue the bonds of said county
to the amount of two hundred thousand
dollars, upon the conditions and pursuant
to the provisions hereinafter enacted,
which said bonds, when so issued. shall be
delivered to the said Eureka and Colorado
River Railroad Company, for it's use and
benefit, in exchange for an equal amount
Of the fully paid up capital stock of said
railroad company, at the par value thereof.
Sec. 8. Whenever the said Eureka and
Colorado River Railroad Company, shall
have, within twelve months from the pass
age of this Act, completed the con-
struction Of a first-class iron railroad, Of
guage as provided herein, from ONE point
at or near the town of Eureka, in said
County Of Eureka, on the adopted line of
said road, for a distance Of thirty miles,
and the same shall be in complete readi-
ness to receive the rolling stock proper
therefor, the Board of County Commits
sioners of said County of Eureka are
hereby authorized and directed. in the
name of said county. 10 take and subscibe.
for the use, benefit, and advantage of said
county, to the capital stock of said COM
pany, to the amount of one hundred
thousand dollars; and said Board of County
Commissioners are hereby authorized and
directed to prepare and issue the bonds of
said county to the said amount Of one
hundred thousand dollars, in the form
hereinafter specified, and deliver the same
to said Eureka and Colorado River Rail-
road Company, for its benefit, in exchange
for full paid up stock OF the capital stock
Of said railroad company. to the amount
of one hundred thousand dollars. par value
Of said stock, in payment of said subscrip-
ton to said stock by said county. And
whenever, within eighteen months after
the passage Of this Act, said Eureka and
Colorado River Railroad Company shall
have completed the construction of a first
class iron railroad, of guage as herein pro-
Yided, within said County of White Pine.
for a distance of fifty miles, and the same
for said distance shall be in complete
readiness to receive the rolling stock proper
therefor, the Board Of County Commits
sioners Of said County OF White Pine are
hereby authorized and directed, in the
name of said county, to take and subscribe
for the use, benefit and advantage Of said
county, to the capital stock Of said COM
pany, stock to the amount OF two hundred
thousand dollars: and said Board of Coun-
ty Commissioners are hereby authorized
and directed TO prepare and issue the bonds
Of said county to the said amount of two
hundred thousand dollars, in the form
hereinafter specified, and deliver the same
to said Eureka and Colorado River Rail-
road Company, for its use and benefit, in
exchange for full paid up stock Of the cap
ital stock Of said railroad company, to the
amount OF two hundred thousand dollars,
par value of said stock, in payment Of said
ouUsCTlpliOu W sdlu slOCh ny tdlQ NOQuty.
And whenever. within thirty months after
the passage of this Act, the said Eureka
and Colorado River Railroad Company
shall have completed the construction of
a first-class iron railroad, Of guage as
herein provided, within said County of
Lincoln, for a distance of fifty miles, and
the same for said distance shall be in COM
plete readiness to receive the rolling stock
proper therefor, the Board of County Com
missioners OF said County Of Lincoln are
hereby authorized and directed, in the
name OF said county, to take and subscribe,
for the use, benefit and advantage OF said
county, to the capital stock Of said com
pany, stock to the amount of two hundred
thousand dollars; and said Board of Coun-
tv Commissioners are hereby authorized
and directed to prepare and issue the
bonds OF said county to the said amount
of two hundred thousand dollars, in form
hereinafter specified, and deliver the same
to said Eureka and Colorado River Rail
| road Company, for its use and benefit, in
exchange for full paid up stock Of the
| capital stock Of said railroad company, to
| the amount of two hundred thousand dol
lars, par value OF said stock, in payment
| of said subscription TO said stock by said
| county; and said Boards of County Com
m%issioners are hereby authorized and re-
| quired to receive from said Eureka and
Colorado River Railroad Company, said
| certificates OF full paid up stock, and to
hold the same for and on behalf of, and for
| the benefit OF, said Counties of Eureka,
White Pine and Lincoln.
Sec. 4. The said subscriptions shall be
made upon the books Of the company by
| the respective Chairman Of the said Boards
of County Commissioners, or in case of
| their, or either of their neglect or inability
to act, by any member of said Board, who
shall be appointed by the Board for that
purpose, and who shall perform that duty
Immediately thereafter; prouided, that the
said counties shall not be liable for any of