Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-01-11

presentation OF certificate by the Com
missioners of the HstrRt of Columbia that
the said viaduct has fbeen completed as
required by this act. =
In order to provide for the one-half of
said amount chaIgeable to the District of
Columbia, the Commissioners thereof shall
on the LIST day of July following the pass
age of this act, and annually thereafter,
pay over to the treasurer of the United
states, out or the revenues of the District
of Columbia, the sum of $4,000, to be in
vested by the said treasurer in interest
bearing bonds of the United States or the
District of Columbia. until the full sum of
paid.
Section 8. That no assessment, valuation
or tax shall be made or levied on the rail-
ROAD or terminals located. constructed or
maintained under the authority of this act
in excess of that which would or could be
lawfully made, laid OF Aevied, if said rail-
road and terminals were so located. cor
structed and maintained without the use of
oriuses' V1aducts, retaining walls and other
structures necessary or properly employed
to elevate the same, as required by this
act IT being the true intent and meaning
hereof that the railroad and terminals here
by authorized shall be assessed and valued
Tor purposes of taxation and taxed on the
same basis as If the same were not con-
strocted and maintained by means of such
bridges. viaducts, retaining walls and other
structures.
Terminal Company.
Section 9. That If. for the, p,rpose of
constructing and owning the terminals, via
duct railroads, depots stations and other
works authorised by this act or any part
thereor the Baltimore and Ohio Railroad
company Snail deem 1t expedient or advi-
sdpie that terminal company in its in
sefest be created and organized in the Dis
lflct OF columbia, the said Baltimore and
emo naiiroad Company, some person
thereto authorized on its behalf by resoiu-
ton of its president and directors, together
with other persons not less than seven in
a a, OF whom majority shall be resi-
oents or the District Of Columbia shall
cause certificate of incorporation to be
executed and recorded in accordance with
the provisions Of the general Incorporation
act OF Congress, for the District of Column
eia, relating to railroad companies being
sections 61s to 676 both inclusive, of the
revised Statutes, relating to the District of
Solumoia' with such capital stock and I'M
DER such corporate name az may be set
1orth In such certificate. The CORPORATION
SO formed shall be vested with all the au-
thorlty. rights and privileges granted by
sala general act, but the Baltimore and
| ONO Raliroad Company, or such persons as
| l, may designate by resolution of its presi-
cent and directors. shah be entitled to
subscribe for and hold all the stock of said
| CORPORATION, without advertisement or allot-
| ment as provided in said sections 621 and
| o. OF said Revised Statutes Said corpo-
| ration shall also be vested with and en-
| Joy ali the authorities, rights and privi-
| 49, LII 81 thilteup 30 lar as the same
| are applicable to or exerctsable in its nm
| dertaking, as set forth in its said certif-
| Ia'e Oh INCORPORATION, and 1t shall be bound
| ny All lne limitations and provisions of this
ACT. SAID corporation shall have the fur
| Their powers to contract with the Baltiuore
| and Ohio Railroad Company for the use or
operation of its railroad and works by the
last named company. or for the lease Of the
| sumo on such terms as may be agreed upon
between the two companies; and shall also
| nave the right and power, exercisable at
any time. to sell and convey all Its rail-
t ROAD, works and property to the said Bal
| umore and Ohio Railroad COMPANY In con-
| sideration of the latter company assuming
| all its debts and liabilities, and agreeing to
| repay to every stockholder the amount Of
money actually paid in on the stock held
| by him.
! On the execution. delivery and recording
Oh the oeed or conveyance. pursuant to and
In consummation of such sale, the said ter
| m1nal company shall ipso facto be dissolved
| ana Its corporate existence shall cease
| In the event, however, that the said ter
| mlnal company shall mot be organized I'M
| privileges. powers andR duties herein con-
| ferred and imposed shall dcvolve exclu-
| sively upon the Baltimore and Ohio Rail-
road Company.
| road Company and the terminal company
| incorporated as herein provided shall be
| authorized and empowered. from time to
| time, to take, acquire and hold in fee sim
| terminals, station yards, railroad facilities
and other works authorized by this act,
| either by purchase or by condemnation, as
| provided in sections GAS to 663 both incln-
| sive, of the Revised Statutes relating to the
| District of Columbia; and in case the COM
| pany requiring such land and property
! wishes to take immediate possession of the
| same, it may, at the time of filing a de-
| scriptlon of the rights and interests in
tended to be appropriated as provided in
| section $50 of said Revised Statutes file
| wi ok Of ho ~
| of the District its bond to the owner or
| owners of such land and property to be APP
| propriated. conditioned for the payment to
such owner or owners of the damages for
| the taking thereof when the same shall
| have been aSCertained according to the pro-
| visions of said sections of the Revised
| Statutes and upon the filing of said bond
| and the approval of the same by a Judge
| of said court, the right of the company to
| enter upon the property to he appropriated
| shall be complete; and the amount of the
| bond, the sufficiency of the surety or sure
| ties thereon, and the form thereof shall be
| subject to the approval of one of the judges
| Of the said court, and recovery may be had
| thereon for the amount of the damages
| assessed, if the same be not paid or cannot
be made by execution on final judgment in
| the condemnation proceeding.
| Section IL. That all existing laws or parts
of laws inconsistent with the provisions of
| this act are hereby repealed to the extent
| to which they are so inconsistent but to
no further or other extent.
| Section u. That Congress reserves the
| right to alter, amend or repeal this act
| WEATHER BUREAU.