The Alaska daily empire., 1913-04-30

law or usually exercised by citizens or corporations in building or operat
 ing railroads which are necessary to. enable him to carry out the purposes of this act; to lease the said railroad or railroads after completion upon such terms as he may deem proper;
 to operate the said railroad or rail roads until the further action of Con gress; to lease, purchase, or otherwise acquire any other line or lines of rail road in Alaska or any part or DOT ton thereof upon such terms as he may deem proper; to make contracts or agreements with any other rail road or with any steamship company for joint transportation Of freight and passengers and for an equitable divis- ion of the freight and passengers and for an equitable division of the freight Cand passenger charges thereon: Pro, vided. That the Interstate Commerce Commission shall have as full power and authority over all matters con nected with said railroad or railroads as it has by law over other railroads, and nothing in this act shall in any wise limit it's powers or duties in re, spect to said railroad or railroads or any line of railroad or other means of transportation to, from, or in Alas ka; to transfer any tools, equipment, or other property belonging to the United States and used in the con struction of the Panama Canal or oth- CT government work, and no longer needed for such work, from such com pleted work for use on such railroad or railroads in Alaska, and no charge shall be made therefor, but credit may be taken for the fair value thereof by the department having purchased and being charged therefor; to withdraw any public lands along the line of said railroad or railroads or at any termin. al thereof by executive order to cause the same to be surveyed and plated into lots blocks, streets, alleys, and public grounds, to dedicate the streets alleys, and public grounds to public use. and to sell the lots therein to actual settlers and occupants who will settle thereon and build homes or structures for trade or business; to make rules and regulations to govern the sale of said lots and to issue pat ents in fee simple to such as are so sold; to sue or be sued in the name of Alaska National Railways" in any cause of action existing or arising out of or connected with the loca, tion. building, equiment, or operation of the said railroad or railroads, or of any duty or power arising from or under the provisions of this act, in the district where the cause of ac. tion exists or arises, and service upon any acting agent in the employ of the said Alaska National Railways" or employed under any of the provis- ions of this act, in Alaska or wherev- CT the cause of action exists shall be deemed sufficient to confer juris- diction: and it is the intent and pur. nose of Congress through this act to authorize and empower the Pres, ident of the United States, and he is hereby fully authorized and empow- cred, either personally or through such agents or agencies as he may appoint or employ, to do all lawful acts and things. in addition to those specially authorized in this act, necessary to enable him to accomplish the purpose and object of this act.
 Sec. 9. That the President of the United States, or the Secretary of the Treasury upon the order of the Pres ident is hereby authorized to borrow on the credit of the United States from time to time, as the proceeds may be required to defray the eXpend- itures authorized by this act, such proceeds, when received, to be used only for the purpose of meeting such expenditures, the sum of $85611,OOO, or so much thereof as may be neces. sary, and to prepare and issue there for coupon or registered bonds of the United States in such form as he may prescribe, in denominations of $1OO
 $500 and $1,OOO, and payable fifty years from the date of issue, and bear ing interest payable quarterly in gold coin at a rate not exceeding three per centum per annum; and the bonds herein authorized shall be exempt from all taxes or duties of the United States. as well as from taxation in any form by or under State, municipal or local authority: Provided, That said bonds may be disposed of by the Secretary of the Treasury at not less than par, under such regulations as he may prescribe, giving to all citizens of the United States an equal oppor tunity to subscribe therefor, but nc