Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1893-01-14
NUMBER 20.
AN At-r
TO KScouRAox THE CONSTRUCTION or A
RAILROAD ACROSS THE STATE on NEVADA.

RAILROAD ACROSS THE STATE OF NEVADA.
sKcTIoS 1. Whenever. after the passsgs
OF this act. the Utah a Nevada Air Line
Railway Company. 9 corporation hereto
fore organized aud now EXISTING under and
by virtue Of the laws OF the State of Me-
| vada, shall have constructed q fret class
| railroad OF standard eusgo through the
counties of White Pine. Eureka, Lander,
Churchill sud Washoe. or either Of them,
| 10 shall he entitled 10 receive tho bond of
said counties. or either of them, At the
time aud in the manuer hereinafter pro-
vided. TO the amount Of $500 per mile
for each and every mile Of tie main track
u said railroad completed in sad county;
provided. that said railroad shall he com
pleted sDd in full operation within Eve
years from the date of the approval Of this
sct. and no bonds shall be issued under
it's provisions after that time.
Sec. 2. Immediately upUn the receipt hy
The Beard OF County Commissioners u
either Of tho said countits Cf a sworn GER
sifcato of the County sarvsler of such
county, or Of such q certltd<te Of the
surveyor General Of the State OF Nevada.
setting forth that twenty miles or, such
railroad as herein mentioned have been
built and completed by said company and
In proper condition to receive tho rolling
stock, and that said section OF twenty
miles IL . part OF q continuous line Of rail.
way then in course Of construction as
herein before specified. Ii shall be the duty
Of said Board Of County Com issiondrs OF
such county. and they are hereby directed
I'm mediately TO take such action AZ may be
necessary 10 prepare. TO issue aud TO de-
liver SEQ. 600 VI the bonds OF eaid county
provided for la this act TO said railroad
company; snd thereafter es each success
tya feU.. f.f l.tl l.ax
been completed and ready 10 receive the
rolling.stock in such county, and the ssme
shall be shown by the certificate Aforesaid
the said board shall issne and de
liver to said railroad company the bonds
OF said county, at the ratio Of sixiy
thousand dollars Ia bonds for oaeh section
Of twenty miles thus completed in said
county. and in case the last section nects-
sary TO COMPLETE the whole length OF the
road in said county shall not amount TO
twenty miles, then for such fractional ESQ
tion OF twenty miles such bonds shall LIE
issued at the rate of three thousand dol
lara per mile; provided. that no bonds
shall be issued under the provisions OF
this act after the lapse Of iivo years from
the date of i.s approval, and no portion
of said railroad not then Completed shall
receive any bonds from said counties. or
either Of them in aid Of its construction.
Gee. 8. Said bonds shall bear interest al
the rate Of (51 per cent per sDnum. pay
able semi-annually, and they shall be for
an amount not lsss than five hundred
(S500l dollArs nor moro than one thous-
and 81, ,000) respectively. They shall be
Autographed or engraved. with the
NECESSARY interest corpchs attached TO
each. shall express upon their face ibst
they are payable in gold coiu OF ibe
United States, subject TO the provisions
and conditions contained in this ret.
Both bonds and coupons shali be payable
to bearer. and the intersrt tlerrnb slali Le
paid semi anuuslly. on each fret day of
January and each first day of July rnbse-
anent 90 tho issuance OF such bondr. and
npon the frst dsy of each January and
July thereafter, until all Interest payable
on the eame shall have been extingnished.
Both tie intertst and principal of skid
bonds shall only be paid by the TIT faauref
Of the county from which they may have
been issued at the time and in accui da.ce
with the provisions OF this act.
Sec. 4. In each OF the counties frnm
which bonds may he issrsd uudrr aud hy
virtue OF this act. there shsll be annually
applied from the revenue Of such county
10 the payment Of the interest and the
principal Of said bonds which shall have
been issned from faid county. sum OF
money equal in amount 10 the sum which
shall bo colleete from said county from
said Utah and Nevada Air Line Hallway
Company, from the taxts levied upon the
entire property Of said company in said
county, less the amount of taxes which
may have been levied on and collected
thereirom for State and school purposos,
and the amount so applicable to the pay
ment Of the interest and the redemption
OF the principal Of said bonds. thA'l lie
Il. a. r.. 4 10 l41 IL
:. Railroad In terest and Sinking Fund"
which shall bo applied: fret. TO the pay
ment OF the interest as herein directed.
and second. to the redemption Of the
principal OF said bonds "a provided in
this act. IL heing the true intent sLd mean
ing OF this section OF this act that the
interest and principal Of all the bonds
issued under the provisions Of this act
shall be paid out OF tie revenue derived
from tho respective counties from the
taxes upon the property Of the said rail-
road CON pany, less the amount realized
by said counties from the taxes levied for
State and school purposes.
Sec. 8. Said bonds shall be payable in
twenty. five years. and both the interest
and principal shail te paid only a.
provided in this act.
Sec. G. The bonds 10 he issned under
/ the provisions OF this act shall be deliv-
cred 10 said railroad company by the
Board OF Comfy Com missionors of the
| respective eounties named. They shall lie
| signed by the chairman and the clerk Of
| the Board and shall bear the seal Of snch
| Board. The interest bearing coupons
| belonging TO and attached TO each OF said
bonds shall bear the engraved or litho-
| graphed signature Of the clerk OF said
Board of Commissioners.
SEQ. z. In ease any OF the territory
| through which said railroad may be built
| shall hereafter be detached from the
county within which il u now embraced,
and such territory added 10 some other
county. the provisions Of this act respect
| ing tho issuance of said bonds and their
rode of payment shall apply TO such
county aud the officers thereof the same
as thonsh such county Was originally in
clnded in the provisions hereof.
Sec. 8. The faith Of the State OF Nevada
| is hereby pledged that this act shall never
be repealed nor so modified in any way as
to impair the security Of thoee who shall
hold or purchase any Of the bonds in this
act provided. nor during ths construction
OF said railroad after il has been in good
faith commenced.
Sec. 9. All acts and parts OF acts In con-
flict with the provisions Of this act are
4 ala1