Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1892-08-20

70 EsoouRAex THE CONTRADICTION or 4
nAILRoAD ACROSS THE STATE on NEVADA.

nAILRoAD ACROSS THE STATE on NEVADA.
SEcTIoS 1. Whenever, after ths passage
Of this sct, the Utah q Nevada Air Line
Railway Company, corporation hereto.
fore organized and now existipg under and
BY virtue Of the laws Of the State Of Ne
vsda. shall have constructed fsst-claao
railroad OF standard suAGe through The
counties Of White Pine, Rureks, Lander.
Churchill and washos. OF either Of them,
IL shall be entitled 10 receive The bond Of
said counties. or either Of tAsn. % the
time and In the manner hsrsinsftsr Dro-
vided. TO the amount Of 5000 pse mile
for sach and every mile Of shs main tra6h
OF said railroad completed n said county
provided, that said railroad shall b. son-
plstsd and in full operation within Hvs
years from the date Of the approval Of lhis
cot. and no bonds shall b iesusd uAdeF
its proyisions after that time.
Sec. 2. Immediately upon thsroc6lpt b.
the Board Of County Commissioners oi
either Of the said counties Of sworn css.
tifcate Of the County Surveyor Of sueh
county, or Of such 8 certifcats Of The
Surveyor General Of the State q Nevada,
setting forth that twenty milss Of suoh
railroad - herein mentioned have bssa
built and completed By said company ana
In proper condition 70 receive ths rolling
stock. and that said section Of swsuty
miles y part Of oou tinuous line Of rail-
way then in course Of constru ction e
herein before specified IL shall be the duty
OF said Board Of County Commissioners %
such county, and they ass hereby diseeteA
Immediately 10 take such action & may b
neccssary 10 prepare, 10 Issue and 70 de.
liver $50, 900 Of the bonds Of said oountv
provided for In this cot 70 saiA railroad
company; and thereafter - sash success.
i've twenty miles OF railroad shsll have
been complstsd and ready 10 rsssivs The
rolling-stock In such county. and Ne zane
shall be shown By the certificate aforssaiA
the said board shall issue and d
liver 70 said railroad company The bonds
OF said county. ~ The rsts Of sixty
thousand dollars In bonds for each section
OF twenty miles thus completed In said
county, and In case The last section neess /.
sary 10 complete the whole length Of the
road In said county shall NOT amount 70
twenty miles, then for suoh fractional SEQ.
tfon OF twenty miles such bonds shall BE-
issued at the rate Of three th0usand dol.
lars per mile; provided, that no bonds
shall be issued under the provisions Of
this act after the lapse Of Ave yesss from
the date Of its approval, and NO portion
Of said railroad NOT then completed shall
receive any bonds from said counties, OF
either Of them In Aid Of its construction.
SEQ. 8. Said bonds shall bear interest q
the rate Of t6) per cent per annum. pay
able semi.annuslly. and thsy shall b. fos
an amount not lees thar hvs hundred
($600) dollars nor more than one thous-
and ~ .000) Sespsstivsly. They shall be
autographed or engraved. with the
necessary interest coupons attached 10
each. shall express upon their face shas
they are payable In gold coin Of the
United States, subtsct 70 the psovisions
and conditiops contained II this cot.
Both bonds and coupons shall b payable
TO bearer, and the interest thereon Shall b.
paid ssmi-snnually, on each nrst day of
January and each first day Of July subss.
qusnt 70 the issuancs Of such bonds. and
upon the hrst day Of saeh January and
on the same shall have been sxtingutBhsd,
Both the interest and principal Of saj1
bonds shall only bs paid By the Treasures
Of ths county from which ihsy nay have
been issued 81 the time and u nsooy6epeo
With the provisions Of thts aees
sec. 4. IN each % tbe enuptss fye0
which bonds may b issvsd updes ed by
virtue ol this aeb, there shsll b ApAnsllt
applied from the ssvsnps pf spst eppnty
70 she p.ynsnt q The ip.essss en6 tAs
SSoA ehsoo0 ssSe4 eos4 s8004b U0e ~
money equal In amount 10 thS suu whlst
shall be collected from ssi1 oounty fyc0
ssid Utah and Nevada Air Lins Railway
Company, from the taxes levtsd upon tAe
entire property OF said company u sAie
oounty, less the amount Of sASee Nhls3
may have been issisa On AsA eollsets4
thssstsosn for State spd ssheel puspesssl
and tie amount % spplicAb!e " ths pavs
msnt Of the interest snd The Ss1eunaee
- ~ sfust ~ AHA kanAa ahaM ~
placed in 8 separate Sund 10 Be called III
|" Railroad fntessst sod Sinking 1und.'
which shall Be applied. hsBt. 70 iAs pays
meat Of the interest q herein disessed,
aud sssoud, 70 the ysdsuptloa % ~
principal et sAid bpnds - pyevlfed "
this Aot. II being the tyus tptsnt An6 ueaas
Ing Of this section OF this aet thal NE
inisssst and principal Of Gil the boede
issusd under The psovisioes Of VIA sel
from the respective counties freu NE
taxes upon the properly Of the SAID yAily
road company. isss the amount vpAli1s4
BY said counties from the tAxss levied fop
Stste and school purposes.
Ssc. s. Bald bonds shall hs paysbbs u
twenty-five PEARS, and both the interest
and principal shAli b paid oaly ~
provided u this aet.
SEQ. Q. The bonds 70 BE- Issued uudes
the ptovietouS OF thie e0t eneu % ooltvs
cred 10 said railroad company By The
Board OF County Comuissionsss Of the
respective counties nsusd. They shall b
signed BY the chairman and ths elssk q
the Board and shall bear the seal ef sueh
Board. The interest bearing coupons
belonging TO and attached 70 each Of said
bonds shall bear the engraved % htho.
graphed signature Of the clerk OF said
Board OF Commissioners.
SEQ. 7. In case any OF the teSrtsosy
through which said railroad may b bulle
shall hereafter be detached from The
county within which II 10 now smbsaced.
and such territory added 70 some Other
county, the provisions Of this sct respect
ing the issuance Of said bonds and thstr
mode OF payment shall apply 70 such
county and the officers thereof the same
ss though suoh county VAS originally In.
cluded In the provisions hereof.
Sec. 8. The faith Of the State Of Nevada
Ia hereby pledged that this act shAn neves
be repealed nor so modified In any way -
to impair the security OF those who shall
hold or purchase any Of the bonds In this
act provided, nor during the contraction
Of said railroad after II has been In good
faith commenced.
SEQ. 0. All acts and parts OF acts In con.
| hict with the provisions OF this aet ASe
| hereby repealed.