Page:United States Statutes at Large Volume 13.djvu/395

 THIRTY-EIGHTH CONGRESS. Sess. I. Ch. 217. 1864. 367 other meetings, naming the time and place thereof It shall be the duty Meetings. of said board of commissioners to open books, or cause books to be opened, at such times, and in such principal cities or other places in the United Books ofsub- States, as they, or a q\10r11m of them, shall determine, within six months s°“pU°°' after the passage of this act, to receive subscriptions to the capital stock of said corporation, and a cash payment of ten per centum on all subsetiptions, and to receipt therefor. S0 soon as twenty thousand shares shall in good faith be subscribed for, and ten dollars per share actually paid into the treasury of the company, the said president and secretary of said board of commissioners shall 'appoint a time and place for the first meeting First meeting of the subscribers to the stock of said company, and shall give notice thereof °:`0S‘];bE°"b°" ‘° in at least one newspaper in each state in which subscription books have S ° ' been opened, at least fifteen days previous to to the day of meeting, and such subscribers as shall attend the meeting so called, either in person or by lawful proxy, then and there shall elect by ballot thirteen directors for p;,m,,,,_ said corporation; and in such election each share of said capital stock shall entitle the owner thereof to one vote. The president and secretary of the board of commissioners, and, in vase of their absence or inability, any two of the officers of said board, shall act as inspectors of said elec- Inspectors of tion, and shall certify under their hands the names df the directors elected °l°°“°“· at said meeting; and the said commissioners, treasurer, and secretary, shall to g°{Pmi”:;°°$’” then deliver over to said directors all the properties, subscription books, $,8:,::: and other books in their possession, and thereupon the duties of said commissioners, and the officers previously appointed by them, shall cease and determine forever, and thereafter the stockholders shall constitute said body politic and corporate. Annual meetings of the stockholders of the Aymualmggi;. said corporation for the choice of officers (when they are to be chosen) *¤€S· and for the transaction of business shall be holden at such time and place and upon such notice as may be prescribed in the by-laws. Sec. 2.  be it jim/zer enacted, That the right of way through the Right ofway. public lands be, and the same is hereby, granted to said “Northern Pacific. Railroad Company," its successors and assigns, for the construction of a railroad and telegraph as proposed; and the right, power, and authority is hereby given to said corporation to take from the public lands, adjacent to the line of said road, material of earth, stone, timber, and so forth, for the Materials for construction thereofi Said way is granted to said railroad to the extent °°““*"“°“°’”· of two hundred feet in width on each side of said railroad where it may _ pass through the public domain, including all necessary ground for station buildings, workshops, depots, machine shops, switches, side tracks, turn-tables, and water-stations ; and the right of way shall be exempt from taxation within the territories of the United States. The United lndian titles to States shall extinguish, as rapidly as may be consistent with public policy be °x“"g“‘Sh°d· and the welfare of the said Indians, the Indian titles to all lands falling under the operation of this act, and acquired in the donation to the [road] named in this bill. Sec. 3. And be it further enacted, That there be, and hereby is, granted to the “Northern Pacific Railroad Company," its successors and Grant or public assigns, for the purpose of aiding in the construction of said railroad and l°·“d°· telegraph line to the Pacino coast, and to secure the safe and speedy transportation of the mails, troops, munitions of war, and public stores, over the route of said line of railway, every alternate section of public land, not mineral, designated by odd numbers, to the amount of twenty alternate sections per mile, on each side of said railroad line, as said company may adopt, through the territories of the United States, and ten alternate sections of landper mile on each side of said railroad whenever it passes through any state, and whenever on the line thereof, the United States have fiill title, not reserved, sold, granted, or otherwise appropriated, and free from preemption, or other claims or rights, at the time the line of said road is definitely fixed, and a plat thereof tiled in the office