The Meeker herald., 1912-10-12

itSSSs&e4Ays
Appropriation BIZ. sums OF money .uffi-
Client In amount to pax the interest interest &C
s 4. On Crowded wa st hese,n n hi! %st and
the General Assembly shall by law pro-
vide for sinking fund to pay the State
atsd out OF the State Capitol Fund. be-
the date OF the taking effect Of this Act;
part Of the appropriation or sinking fund
not needed or used for such purpose, as
nd Of the sate ana Be- .ubset to
further appropriation by the General AZ.
sembly; all such interest payments shall
Of the Tunnel.
Sec. 3. All bonds described in Section
q hereof or many thereof a. may be
necessary. shall be used only for the pu5-
pose OF constructing tunnel through
through the base OF James Peak. and
s Spn on me n
Of railway of The Denver. Northwestern
and Pacific Railway Company. and its
In Grand County, on tho line OF railway
OF The Denver. Northwestern and Paci-
nc R.iway GSmpsnny tossthSsr M nth a The
srn and Western portals Of said Tunnel:
said Tunnel to be sufficient in size. char
:S1sc Of railway to Be-
operated by steam or electricity. and to
permit OF the convenient operation Of
railway Trains tuTOuHh Inc bdhos Aita Aee
to exceed In length five miles.
taking effect of this Act. and before any
bonds hereby authorized are Issued or
for amy com
Tay Company, their Successors or as
proper eonveyances transfer and decd to
the State OF Colorado. in consideration OF
the advantages to be derived from this
-At ~ n a.
for. All rights Of way. to both tunnel sites
and approaches thereto filings surveys.
maps, plans. estimates and data con-
posssssed by said The Denver, North
&. and rsf Funnel hT EswsS
pany, or either of them. all OF which
nay be used BY. the Tunnel Commission
In In crowded for. and which rights Of way
and approaches and tunnel site. filings.
surveys. maps. plans. estimate. sn ,1 aata
from Inc taking effect Of this Act con-
t 81 sos' .na fhs psav,
Northwestern and Pacific Railway Com
pany and The Continental Tunnel Rail
sixns. which shall upon the considers-
tons In this Act provided. give e e. ..,.
Tho Denver, Northwestern and Pacific
sisns, The right TO use said tunnel for
rsiiWay purposes until the maturity of
ssss ss% asss
the terms and conditions In this Act set
forth. and also providing that The Den.
xsr: Eorthwsst .nna. sn1 FAe and as.iwns
sstisfsstsry to the state Tunnel Conn
;.s' 81 an: ana Tss psn9.r
and Pacific Railway Company, Ns sue.
.1d ns.sn for the q III ss. e
Tunnel Bonds, issued under the provts-
Ions Of this act and shall Pay the I'm.
ns ce .Tam ,i. f % tine tns ~ tol
cSsr9s for such use. the. maturing in
tsrsst on the total bonds issued nsrsnn-
Der; together Nth ~ nsens. snd re-
psir. which shall constitute fund to be
used solely for tn. pHrPGnsS . OF oras pey'nis
shaii also be provided in said Contrsct
that The Denver. Northwestern and pa.
s Railway ,bs Maintain ne .aa Tan1ei
III q first-ciass and safe condition: and
in ease The Denver. Northwestern and
, Ra" .S. At amy time IN &c
q III q said Send. Il Any tine i q f.,
Guiding ali interest on said bond issue
which has thsretofors been paid by the
state Of Colorado and Al interest ,ts wh,c ch
|
purchase and all salaries and expenses
81 the Commission and all the expenses
70 STATE sos s 6 q: peops
shall vest in said The Denver North
M We sscees an and as.isns and the State
Of Colorado shall by proper deed or con-
veyance transfer the property ana rigmts
ana Pacific
way Company and The Continental Tun-
mel Railway COMPANY, together with I'll the 9
Denver, Northwestern 4 Pacific Rail
sn9 ~ Sat. sf shall
" tunnel rights As last above noted. the
report to the Auditor Of State and shall
then cease to exist az state Tunnel
Commission.
At the time the contract provided for
| in this section IL entered into between
the Tunnel Commission. on behalf Of
| the State. and The Denver, Northwestern
Psesc yRewsy ana n.y.
their successors and assigns, there shall
be Included In said contract clause by
With Whit the State that BY the time said tun-
mol Is completed said railway company
will have established through service be-
city, Utah, through the completion of
the line Of railway of said The Denver.
Northwestern and Pacific Railway Com
pany, Its successors and assigns. or by
the building Of y connecting line Of rail-
way between Crested station on The
Denver. Northwestern and PACIFIC Rail-
way and Dotsero station on The Denver
and Rio Grande Railroad thus insuring
direct and through traffic through said
tunnel between said above named cities.
in this Section 10 entered into between
the Tunnel Commission on behalf of the
State and The Denver. Northwestern
and Pacific Railway Company It's sue
cessors and assigns. there shall be in
ciuded In said contract clause by which
the said Railway Company guarantees
the full and for final payment Of all
bonds issued hereunder and all interest
accruing thereon and the faithful! per.
formance OF all contracts. shall deposit
with the Tunnel Commission first class
negotiable security or bonds as collateral
security in an amount equal to said BOND
Issue.
Sec. s. The right to use said Tunnel