The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1884-03-13

have been secured and a total pa
ment of SIX million tt zee hundred al
fifty thousand dollars shall have be-
made. When the total depth of sa
channel shall have been increased
twenty-eight feet, four hundr,
and fifty thousand dollars shs
be paid; and when the max
mum channel of thirty feet shall ha1
been secured, such sum of money sha
be paid as shall, when added to IL
amounts heretofore paid, fully NAL
up the sum of seven million two hui
dred aud fifty thousand dollars. Whe
said maximum channel of thirty fet
shall have been thus obtained, the r
naming five hundred thousand do
lars of the total compensation for til
work then unpaid shall be deemed t
have been earned by said Eads an
his associates, bat the same shall re
main in the possession of the govern
ment of the United States for perio
of ten years from the date when tn
said maximum channel shall hav
been fiji st obtained, as security for tn
maintenance of said channel; but dur
ing the whole Of said period, and unit
the said five hundred thousand dollar
is paid, said EadS and his associates
or assigns or legal representatives
shall receive from the United State!
interest upon the same at the rate O
four per centum per annum, payabl,
in equal quarterly installments dur
ing each year; and when said Eads
and his associates shall have main
tanned said maximum channel for the
full period Of ten years, as hereinafter
provided for, the secretary of war shall
issue his warrant upon the secretary
OF the treasury, in favor of said Eads
or his associates, or his heirs or their
assigns or legal representatives, fol
said sum of five hundred thousand
aud the secretarysof the treas.
ury is hereby authorized and directed
to pay to said Eads or his
associates, his or their assigns or legal
representatives, the sum for which
said warrant is drawn.
Sec. 8. That after said maximum
OF thirty feet shall have been
secured, said Eads and his associates
shall maintain the same during a
period of ten years, dating from the
time when said channel shall have
been first obtained; and as compensa.
ton for Said maintenance the United
States shall pay to said Eads and his
or their assigns or legal
representatives, in equal quarterly
the sum of one hundred
thousand dollars per year for each and
every year of such maintenance
Provided. however, that if said Eads
and his associates shall fail to main
tain said maximum channel, to the in
jury of commerce, the United States
shall have the right to apply the five
hundred thousand dollars held in re
serve as security. or so much thereof
as may be necessary, to the mainten-
ance Of said channel. All payments
to said Eads and his associates for
upon the certified statements of the
geodetic and coast survey, which GER
jificates shall be made whenever their
shall have been quarters mainten-
ance, and shall be transmitted to the
of war, who shall at all
lines draw his warrants in accord
ance Herewith upon the secretary of
5he treasury who is hereby author
zed and directed to pay to
said Eads or his associates, or his or
their assigns or legal represent
atives, tie sums for which said war
rants shall be respectively drawn.
Sec. 6. That said Eads and his as
;ociates shall be untrammeled in the
full and free exercise of his or their
Judgment, skill, and experience in the
ocation, design and construction of
'aid works and all appurtenances
hereto. Said works, however, shall
,e of a substantial and permanent
character, not inferior to those at the
mouth Of the Mississippi river.
Sec. z. That said Eads and his asso-
,iates shall receive prompt payment
or securing the aforesaid increased
lepth of the channel, and for main
aiming the same when so secured; and
t any payment due to him or them
hall for any cause be delayed be-
7ond thirty days after the same shall
lave become due and payable, said
1ads and his associates shall be en-
tiled to and shall be paid interest
vt the rate of five per centum per an
lum from the date when said pay
nents were respectively certified, and
or any time during which said pay
nents shall be so withheld; and in
he event of any failure upon the
part of congress to provide, by the
proper appropriations, for the pay
nent of the various sums of money.
'equired by this act to be paid, when
he same shall have become due, the
ecretary of the treasury shall, and he
s hereby authorized and directed to
ssue to said Eads or his associates, or
lis or their assigns or legal representa-
ives, bonds of the United states bear
ng three percentum per annum inter
st, at par, in payment of all moneys
lue and Unprovided for by congress
Is aforesaid.
Sec. 8. That in the event of said
Sads filing with the secretary of the
;re9sury assignments in writing
# any of the payments herein pro-
7ided for, or parts thereof, any moneys
10 assigned shall, when due, be paid
% the assignees thereof, in accordance
With the terms of said assignments.
Sec. 9. That any person malici ou3Iy
,r Intentionally injuring said works,
u interfering with the construction
hhreof, shall be, deemed guilty of a
and may be tried for
such offense before the district court
If the United States for the district
wherein such offense may be commit
ed, and if found guilty he shall be liza
DIE to fine not exceeding one thou
'and dollars, or to imprisonment for
lot more than two years, or to both
inc and imprisonment as aforesaid,
ior each offence.
Sec. 10. That in case of death or
)ther disability of said Eads before
5he completion of said works, the
same shall be prosecuted and COM
oleted by his legal representatives
ind his associates aforesaid, with the
same powers, rights, obligations and
as if done by him in
person.
Sec. IL. That in no case shall the
government of the United States be
liable for any losses incurred by said
Eads and his associates in the per-
Torrance of the work herein provided
for, nor shall any payments thereon
be made in excess of the same, nor
contrary to the terms hereinbefore
prescribed.
Sec. IL. That this act shall take eff.
feet from and after its passage.
HERR LASKER.