The Greeley tribune., 1912-10-31

Assembly
appIoplloIe from time to time, when the
same hhh|l be necessary by the Ganarnj
AppropFutlon Bul sums nf mnn.y s,,tfi
ciens ~ mount To pay the interest ac- |
crulns on the state Tunnel Bonds, is
eueo - provided herein In this Act, and
the Gengfol Assembly shall by law pro
vlne ~ . sluldns fund to pay the State
Tunhei Enuds at maturity to be Gre |
ateo ou- Of the State Capitol Fund, be
ginhint ngi later than eight years from |
the ga o. tho taking effect of this Act
PRCN LED however, that all or any |
part o. lhs appropriation or sinking fund
not ueeqeu or used for such purpose az |
provGeu herein, shall remain In the Gen.
eral FuhQ Of the State and be subject t.
furtnei appropriation by the General AS. |
scmpi! gu such Interest payments shall
be inclgged ~ any estimate OF the cost
OF the Tunnel.
Sec. 3 All bonds described In Section
sba G %@ay bs Used Sn fal a. tR may be
pose, constructing tunnel through
the MAJ Range of the Rocky Mountains.
throuS lhe base OF James Peak. and
having lt8 eastern portal near the town
Of Toland, Gllpin County. on the line
OF railWay of The Denver. Northwestern
and f3uuc Railway Company. and It's
western portal near the town Of arrow
In Grs hd county on the line OF railway
OF Inc Denver, Northwestern and Pacl-
fic RallWay Company, together with the
necessafy approaches to both the East
ern All Western portals of said Tunnel,
said Tunnel to be sufficient, in size char
acter and capacity to permit of the con-
struction Of a slnge-track railway to be
operated by steam or electricity, and to
permit OF the convenient operation of
railway trains through the same. and not
to exceed In length five miles.
Sec. 4 Within sixty days from the
taking effect of this Act, and before any
bonds hereby authorized are issued or
Northwcstern and Pacific Railway Com
pany and The Continental Tunnel Rail
d way Company. their successors
r signs. shall by warranty deed and other
/ proper conveyances transfer and deed to
nA "a % n ~ on Z. .,ar1 NJ nj
r the advantages to be derived from this
. Act. without further compensation there
A for, al rights of way to both tunnel sites
+ and approaches thereto. filings surveys,
l. maps plans estimates and data con-
. nscted with and necessary for said pro-
: western and Pacific Railway Company
d or The Continental Tunnel Railway Com
4 pany. or either of them all of which
Il may be used by the Tunnel Commission
r. in the construction of the Tunnel here
/. in provided for and which rights of way
and approaches and tunnel site, filings
!. surveys maps. plans, estimates and data
:. shall be free and clear from all incum-
a brances
,- from the taking effect of this Act a con-
tract or lease prepared and executed b!
y the STATE Of Colorado po,t, and The 1, DenNer %
J. pany and The Continental Tunnel Rail
e way Company. their successors and as
Il signs. which shall upon the considera-
The Denver Northwestern and Pacific
Railway Company, its successors and as
sigma the right to use said tunnel for
railway purposes until the maturity OF
= the bond issue herein provided for. TO-
r Wit: fifty years from date IT, Thereof; upon n,
- forth. and also providing that The DEM
y yer. Southwestern and Pacific Railway
Company. its successors and assigns
10 shall give q good and sufficient security
h satisfactory to the State Tunnel Com
n misson and based upon the n, entire aold d
D. and Pacific Railway Company. its sue.
!; esssor- and assigns, for tho paymnens, Of Of
the pTneipa and Interest rest Of ina all nTows s,ae
IN nj % commis.ion % mis- lon Tor the State Of Colo.
ohafee for such use the maturing in
tsrsst on the total bonds issued nereun'
der; together with all necessary ex-
pair, which shall constitute a fund to be be
ussd solely for the purpose Of paying
such interest without further order.
shall also be provided in said CONTRACT &C
that The Denver Northwestern and Pa
cific Railway company Its successor rSs,' 4
l. IL . nrst-ciass and safe condition; ant
10 Csc The Denver, Northwestern ant
" Paei.ic Railway company, It's successors
r. and assigns shall at any time be ca.i'
n upSQ % pay, and shall pay the principa
il OF ah OF said bonds at any time ISSUED
e Guiding ali interest on said bond issue
ID which has heretofore been paid by n.
&c State of Colorado and all interest whict
is due and accrued at the tine Of snce
of purchase and all salaries and expenses
of the Commission and all the expenses
Of State OF C9lorado & in Referring m. \,
T. shall vest in said The Denver North.
er western and Pacific Railway Company
n its successors and assigns. and the State
of Colorado shall by proper deed or con
f. veyance transfer the property and right M
A. hereinbefore transferred by said The
I'd Denver Northwestern and Pacific Rail.
is way Company and The Continental Tun.
a. mel Railway Company, together VII with The ne
p Denver. Northwestern & Pacific Rail
N way Company. rs successors Sraan ana Gag as
,f ssns and the STATE oI ,bsren Wih
in thirty days after any transfer
If Of tunnel rights as last above noted the
II Tunnel Commission shall make fina,
IS report to the Auditor of State and shall
j. then cease to exist as state Iunnei
ar Commission.
n At the time tho contract provided for
q in this section IS entered into between
) the the STATE. and The Denver, Northwestern
g Continental Tunnel Railway Company,
q their SUCCESSORS and assigns. there shali
l. be included in said contract clause by
which the said railway company agrees
o with the State that by the time said tun-
;. mel = completed said railway company my
9 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 oy
. the building OF connecting line OF rail-
u way between Orestod station on the
Denver. Northwestern and Pacific tail
way and Dotsero station on The Denver
and Rio Grande Railroad thus insurinE
direct and through traffic through said
tunnel between said above named clues
At the time the contract provided Tor
in this Section is entered into between
. the Tunnel Commission on behalf OF the
State and The Denver. Northwestern
and Pacific Railway Company its sue
cessorN and assigns there shall be IN
Ecluded in said contract Gle Use by which
the said Railway Company guarantees
the full and for final payment of al
bonds issued hereunder and all interest
accruin9 thereon and the faithful per.
with the Tunnel Commission first class
| neCotfnhla seciiritY or bonds as collateral