Tombstone epitaph., 1918-01-06

duties imposed upon MIN so long enC
to such extent as he shall determine,
through the board of directors, receiv
ers, officers and employees of said sys
TENS OF transportation. Until and ex.
cept SO far as said director shall
from time to time by general or spe
cial orders otherwise provide. the
boards OF directors, receivers. officers
and employees of the various transpor
tation systems shall continue the op
Grafton thereof in the usual and ordin
AIRY course of business OF common car
riers, in the names of their respective
companies.
Until and except so far as said di
rectors shall from time to time other
wise by general or special orders de
termine. such systems Of transporta
tion shall remain subject to all exist
ing statutes and orders OF the Inter
state Commerce Commission. and 10
all statutes and orders of regulating
commissions OF the various states in
which said systems or any part there
OF may be situated. But any orders
general or special, hereafter made by
said director. shall have paramount au-
thority and be obeyed as such.
OOG8 NOt NttCSb ttarr"oye.
Nothing herein shall be construed
as now affecting the possession, op
Grafton and control of street electric
passenger railways. including rail-
ways commonly 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
1t shall be found necessary or desir-
able, possession, control or operation
may be taken of all or any part OF
such street railway systems, including
subways and tunnels, and by slbse-
quent order and proclamation, posses
sion. control and operation in whole
or in part may also be relinquished
to the owners thereof of any part of
the railroad systems or rail and water
systems, possession and control of
which are hereby assumed.
The director shall as soon as may
be after having assumed such posses
sion and control enter upon negotia-
tions with the several companies
looking TO agreements for just and
reasonable compensation for the pos
session. use and control of their re-
spectiye properties on the basis OF
an annual guaranteed compensation.
above accruing depreciation and the
maintenance OF their properties,
equivalent, as nearly as may be, TO
the average Of the net operating in
come thereof for the three-year period
ending June 80. 1917-the results of
such negotiations to be reported to
me for such action as may be appro-
pirate and lawful
Not to Impair Rights.
But nothing herein contained, ex-
! pressed or implied, or hereafter done
OF suffered hereunder. shall be
deemed in any way to impair the
rights of the stockholders, bondhold.
ers. creditors and other persons hav-
ing interests in said systems of trans
portation or in the profits thereof, to
receive just and adequate compensa-
tions for the use and control and op-
Grafton OF their property hereby as
sumed
Regular dividends hitherto declared,
and maturing interest upon bonds, de,
bentures and other obligations, may
I be paid in due course; and such regu.
| lar dividends and interest may con.
| tinue to be paid until and unless the
sHAt t1AOi lAohi "
/ otherwise by general or special orders
determine: anu subject TO the app-ov-
al of the director. the various carriers
may agree upon and arrange for the
/ renewal and extension OF maturing op-
| legations.
/ Except with the prior written as
| sent of said director, no attachment
| by mesne process or on execution
shall be levied on or against any Of
/ the property used by any OF the said
transportation systems in the conduct
/ of their business as common carriers:
but suits may be brought by and
/ against said carriers and judgments
rendered as hitherto until and except
so far as said director may. by gen
eral or special orders, otherwise de-
termine.
From and after 12 O'Clock on said
| 2sth day of December. 1917. all trans
portation systems included in this or
der and proclamation shall conclusive
" be deemed within the possession
and control of said director without
further act or notice. But for the pur-
pose of accounting said possession and
control shall date from IL o'clock mid
night on Dec. 81. 1917.
In witness whereof have hereunto
set my hand and caused the seal Of
the United States TO be affixed
Done by the President. through
Newton d. Baker, secretary of war, in
the District of Columbia, this 2Gth cay
Of December, in the year Of Our Lord
one thousand nine hundred and seven
teen, and of the independence If the
United States the one hundred and
forty-second.
| WOODROW WILSON.
1 NEWTON n RAKER