Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1892-07-30
An ACT
70 nSoocRAsE TIE CONTRADICTION - 4
nAILRokp ACROSS THE STATE On Nevada.


hiLsoAD ACROSS THE STATE o. uEyApA.
SECTION 1. Whenever, after Ne pssssae
Of this Aot, the Utah a Nevada Air LiaO
hallway Company, oerposaeioa hsrets.
fore organised and nov existing undsR anl
By virtue Of the laws Of the s1aes Of Ne.
vads, shall have constructed . hsst-clsae
railroad Of standard guses through Ne
ceonties Of White Pine. Eurska, Lander,
Churchill and Wsshoe, or either Of them.
fhali be entitled 70 receive the bosd Of
said counties. or either Of them, q ~
time and in the manner herstnaftsr peo,
vided. 70 the amount Of 5000 per mile
Tor each ana every mile Of the main traek
OF said railroad completed In said county;
provided, that said railroad shall b. con.
pleted and in full operation within Ave
years from the date Of the approval Of this
aot, and no bonds shall b issued und9
its provisions after that time.
ssc. 2. Imnediately upon thsrscsipt By
she Board Of County Commissionsss Of
either OF the said counties Of sworn esr-
tificste Of the County Surveyor Of sueh
county, or Of such . certt1cats Of Shs
General OF We State Of Nevada.
setting forth that twenty miles Of susk
railroad - herein mentioned have bssa
built and complsted By said company anA
In proper condition TO receive the roIiine.
stock. and that said section Of tWsaty
miles 10 part Of . eentinuous line q sali.
way then In course Of popstruet1oa -
herein before specified. IL shall b the duty
OF ssid(boafd OF County Commissioasss q
such county. and they are hereby 0issete6
| immedtatsiy 70 take sush aotioo g nay -
necessary V prepare, V isvve ~ q a..
liver $50 900 Of The bosds q psid epsSoy
provided fer In this ast 70 ssia sailseol
company; and thsreaftsr . saeh No..
I've twenty miles Of railroad shall have
been completed and ready 10 reesivs ths
roIling-stoch In such county. and The ssas
shall be shown By the certificate aforssaiA
the said board shall issue ed ds
liver 70 said railroad company the bonds
Of said county. 81 the rate Of sixty
thousand dollars in bonds for each ssotien
OF twenty miles thus completed In said
county, and In case the last section nsess.
ssry 10 complete the whole length OF the
road In said county shall not amount 70
twenty miles. then for such fractional Geo.
tion OF twenty miles such bouds shall bs
issued % the rate OF three thousand DOL
lars per mile; provided, that no bonds
shall be issued under the provisions Of
this ACT after the lapse OF Ave years from
the date Of its approval, and no portion
Of ssid railroad NOT then completed shall
receive any bonds from said counties, or
either Of them In aid Of iss construction.
SEQ. 8. Said bonds shall bear interest," 81
the rate Of t5) per cent per snnum. psy-
able semi annually. and they shall bs for
an amount not lees than i've hundred
($500) dollars nor more than one thous.
and fSl .000l respectively. They shall b
Autographed or engraved. with the
necessary interest coupons attached to
each, shall express upon their face that
they are payable in gold coin Of the
United States, subject 10 the provisions
and conditions contained in this ase.
Both bonds and coupons shall be payable
TO bearer, and the interest thereon shall Be
paid semi-snnually. on each first day Of
JSnuary and each irst day Of Jaly sebss-
quent to the issuance OF sucb bonda. and
upon the first day Of each January and
July thereafter, until all interest payable
on the same shall have been extipguishsd.
Both the interest and principal Of said
bonds shall only be yad BY the Treasurer
OF the county from which they may have
been issued st the time and in sccordsnes
with the provisions Of this act.
Sec. 4. In each Of the counties from
which bonds may be issued under and By
virtue Of this sot, there shall bs anpualiy
applied from the revenue Of suoh county
10 the payment Of the interest auA the
principal Of said bonds which shsll have
been issosd from said county, Q sun Of
money equal In amount 10 the sum which
shall be collected from said county fyem
said Utah and Nevada Air Line Railway
Company, from the taxes levied upou tho
entire property Of said company in ssld
county, less the amount Of taxes which
may have been levied on and collected
therefrom for State and school purposes,
and the amount 30 applicable TO the psy.
ment OF the interest and tbs redemption
Of the principal Of said bonds. shall b
"a To- . 40 - -. - -
Railroad Interest and Sinking Fund.-"
which shall be applied: first. 70 the pay
ment OF the interest ~ herein directed.
and second, to the redemption Of Ne
principal Of said bonds - provided h
this act, II being the true intent and mean.
ing OF this section OF this act that the
interest and principal OF sir the bonds
Issued under the provisions Of this est
shall be paid out Of the revenue derived
from the respective counties from The
taxes upon the property Of the said rail.
road COMPANY, less the amount realized
BY said oounties from The taxes levied for
State and school purposes.
see. s. Said bonds s1hll be payable 10
twenty-five years. sndsboth The interest
and principal shAll Be paid only -
provided 10 this act.
SEQ. 6. The bonds 10 be issued under
the provisions Of this set shall bs dsliv.
cred TO said railroad company By The
Board OF County Oommissionefs Of the
respective counties named. They shall =
signed BY the chairman and the clerk q
the Board aud shall bear the seal Of sueh
Board. The interest bearing coupons
belonging to and attached to each Of said
bonds shall bear the engraved or litho-
grsphed signature Of the clerk OF said
Board Of Commissioners.
SEQ. 7. In case any OF the territory
through which said railroad may be built
shall hereafter be detached from the
county within which II 10 now embraced.
and such territory added 10 some other
county. the provislsns Of this act respect
ing the issuance Of said bonds and their
mode Of payment shall apply to such
county and the officers thereof the same
90 though such county was originally In.
cluded In the provisions hereof.
Sec. 8. The faith Of the State Of Nevada
is hereby pledged that this act shall never
be repealed nor 30 modified In any way -
| TO impair the security OF thoss Who shall
hold or purchase any of the bonds In this
act provided, nor during the construction
Of said railroad after Il has been 10 good
faith commenced.
SEQ. 3. ALI acts and parts OF acts in con.
hict with the provisions Of this act are
hereby repealed.