The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-17
KATY CONSOLIDATION BILL.
The Measure which the Governor
Signed Yesterday.

Signed Yesterday.
Austin. Texas. May 16.-The follow
ing is the text of the reformed and amend
ed Katy consolidation bill signed today By
the governor:
Whereas, The incorporation and organ
ization of the Sherman. Shreveport and
Southern Railway company was promoted
and brought about by the owners and hold
ers of the stock of the Missouri. Kansas
and Texas Railway company of Texas, a
corporation organized under the laws OF
this State. and the stocks of said two COM
penies are owned and held in the same in
terest. and have been ever since the in
corporation thereof and
Whereas. The public interest will be
beneicially served by conveyance and
transfer of the said Sherman. Shreveport
and Southern railway with Its franchises
and property to the said the Missouri, Kan
sas and Texas Railway company of Texas,
to be operated by 1t in connection with the
extensions contemplated by this act as one
property, thereby avoiding local and pro-
vlding for through rates to all points COM
mon to both OF said railroads, and en-
couraging the further extension of said
system to the city of San Antonio and to
to the city of Shreveport. in the State OF
Louisiana, and securing to the shippers OF
this State the advantage of the cheaper
rates Afforded by the water and rail routes
of transportation centering there, thus
creating an additional gateway to the
markets of other States: aud
Whereas, There is no general law OF the
State of Texas authorizing such sale, trans
fer or conveyance. and none can be made
applicable to the facts and circumstances
necessitating the passage OF this act, and
Whereas, The said railway companies
have duly given notice Of their intention TO
apply TO the legislature OF the State OF
Texas for the passage of this special law by
having a statement OF the substance tnere-
of duly published as required by the consti-
tuition and laws of this State; and the evil
dence of such notice having been so pub
lished, has been duly exhibited and shown
to this legislature; now. therefore.
Be it enacted by the legislature of the
State of Texas:
Section l. The Missouri. Kansas and
Texas Railway company OF Texas "a cor
poration organized and existing under the
laws of this STATED is hereby authorized
and empowered to purchase the railroad of
the Sherman, Shreveport and Southern
Railway company Ga corporation organized
and existing under the laws of this State),
extending from the city OF Mckinney in
7
lin, Hunt, Hopkins. Wood. Franklin, Camp
Titus. Morris, Cass. to the city of Jefier-
son, in Marion county. a distance of about
one hundred and lfty-hve (155) miles to-
gether with all the franchises and property,
real, personal and mixed, incident or ap-
pertaining to said railroad; and the said
sherman. Shreveport and Southern Railway
company is authorized and empowered to
sell. transfer and convey its railroad and
all property and franchises. incident or
pertaining thereto. to said the Missouri,
Kansas and Texas Railway company Of
Texas; and when the said property is so
purchased the said the Missouri. Kansas
and Texas Railway company OF Texas shall,
and 1t is hereby authorized to own and OPP
crate the same under its charter as a part
of It's own line. and shall have the right,
by amendment to Its charter. made under
the general laws of this State. to extend
and construct branches of the said railroad
or the extension thereof: and power Is
hereby conferred UPON each and both OF
said railway companies TO make all neces-
sary contracts and conveyances TO accom-
plish such sale and purchase.
Sec. @ In the event that the Sherman
Shreveport and Southern Railway company
shall extend its railroad described in sec
tion ! hereof from the said city OF Jeffer-
son. eastwardly to the east boundary line
of the State OF Texas in the direction OF
all the property and franchises incident OF
pertaining thereto. shall be included In the
purchase and sale provided for In said Sec
ton and TO that end all the necessary pow.
ers are hereby conferred on each and bott
OF said railway companies.
Sec g. When the railroad herein au-
thorized TO be purchased and sold shall b
extended TO the eastern line OF the STATE
of Texas. in the direction OF Shreveport
by the said the Sherman. Shreveport anS
Southern Railway company, the compan,
then operating said railway Is hereby au
thorized and empowered to connect Will
5 any railroad extending from its terminus a
the east line OF Texas TO the city OF Shrevo
0 mort Louisiana. and TO acquire from tn
$ owner OF any such line in Louisiana. b.
= lease for term not exceeding twenty-five
S Years the use Of such line. or by traekag
d or running rights agreement. for a tern
I not exceeding twenty-five years, the RICH
d 10 run its trains to and into the said cit
b m Shreveport, and also to acquire tho US
L city. for a term not exceeding twenty-hy
4 Years. In the event that such rights Il
Il I,ouisiana should be acquired by the sal
he sherman. Shreveport and Southern
O halfway company. before the sale and pur
q chase authorized in section / hereof. the
:, mower is hereby conferred on each and bot
d ~ said Texas companies TO contract 70
he transfer OF such rights to the said tn
n Missouri MI Kansas and Texas Railway com
o pany of Texas.
4 sec 1. The sale and purchase herei
Il anthorized 10 be made shall be subject /
~ eli iust and legal encumbrances, suits o
. sctions for damages, or rights of way
Z liens judgments and debts contracted Q
p inrurred bv said the Sherman. Shreveport
:. ana Southern Railway company upon @
y sgainst its said property or any part there
!. ~ az we'll as to the payment and discharg
y ~ ali and singular the legal obligations an
y liabilities OF every sort whatever againI