The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-12-27

now affecting the possession, operation
and control of street electric passen-
ger railways, including railways COM
monty called interurbans, whether
such railways be or be not owned or
controlled by such railroad companies
or systems. BY subsequent order and
proclamation, if and when it shall be
found necessary or desirable, posses
sion. control or operation may be taken
of for the three year period ending
way systems, including subways and
tunnels; and by subsequent order and
proclamation, possession, control and
operation in whole or in part may also
be relinquished to the owners thereof
Of any part of the railway systems,
possession and control of which are
hereby assumed.
Compensation Assured.
The director shall as soon as may
be after having assumed such pos
session and control enter upon nego-
tiations with the several companies
looking to agreements for just and
reasonable compensation for the pos
session, use and control of their re-
SptCllNt pIopSIllSS Oll tiiG pdSisp VI GIL
annual guaranteed compensation,
above accruing depreciation and the
maintenance of their properties, equiv
alent, as nearly as may be, to the aver
age of the net operating income there
of for the three-yer period ending
June 80, 1917. the results of such ne
gotiations to be reported to me for
such action as may be appropriate
| and lawful
| But nothing herein contained, ex-
| pressed or implied. or hereafter done
or suffered hereunder, shall be deemed
in any way to impair the rights of
| the stockholders, bondholders, cred
itors and other persons having inter-
ests in said systems of transportation
or in the profits thereof, to receive
| Just and adequate compensation for
the use and control and operation of
their property hereby assumed.
Dividends to Continue.
Regular dividends hitherto declared
and maturing interest upon bonds, de-
bentures and other obligations, may
be paid in due course; and such regu
lar dividends and interest may con
tinue to be paid until and unless the
said director shall from time to time
otherwise by general or special orders
determined and, subject to the ap-
lroval of the director, the various car.
riers may agree upon and arrange FOL
the renewal and extension of maturing
obligations.
Except with the prior written assen
| 4 = ut
mesne process or on execution shall
lie levied on or against any OF TN
property used by any of the said trans
, portaton systems in the conduct
| their business as common carriers
but suits may be brought by am
! against said carriers and judgment
rendered as hitherto until and excep
, so far as said director may by genera
or special orders, otherwise determine
Actual Control January l.
From and after II o'clock on sal
| 2Sth day of December, 1917, all trans
!, portation systems included in this or
} der and proclamation shall conclusive
" be deemed within the possession an
G control of said director without furthe
5 act or notice. But for the purpose {
f accounting, said possession and con
troll shall date from IL o'clock mid
: night on December 81, 1917.
;, In witness whereof have hereunt
: set my hand and caused the seal
the United States to be affixed.
Done by the president, through New
= ton y. Baker, secretary of war, in tn
| District of Columbia, this 26th day {
| December, in the year of our Lor
: one thousand nine hundred and sever
e teen and of the independence of tf
+. United States, the one hundred an
forty second.
: WOODROW WILSON,
NEWTON d. BAKER,
$ Secretary of Wa
By the president: