Page:United States Statutes at Large Volume 16.djvu/612

 578 FORTY-FIRST CONGRESS. Sess. IH. Ch. 122. 1871. Qertidcstes of the president and secretary, and attested by the seal of the company, g'·l"*$l sg; _ and shall contain an extract from the proceedings of the board of W gn ’ " directors fixing the amount thereof, as well as from this act, authorizing b¤¤d¤ Md such issue. All the bonds and mortgages issued by said company must m°'°g“g"‘ be signed by the president and secretary, and attested by the seal of said company, and shall contain an extract from the law authorizing Pm- value and them to be issued. The face value of said bonds shall be one thousand i‘°°’°“i”8°‘d· dollars in gold, and shall be redeemable at such times, and to bear such rate of interest, payable semi-annually in-gold, as may be determined Limitation as by the directors. The total value of the construction bonds to be issued the total face value of the land bonds shall not exceed two dollars and fifty cents per acre for all lands mortgaged; the total amount of each to be determined by the board of directors. Other railroads Sec. 15. That all railroads constructed, or that may be hereafter cou- No discqimi- to connect with that line; that no discrimination as regards charges for ““°“ "‘$"“‘“°' freight or passengers, or in any other matter, shall be made by said Texas Pacific Railroad Company against any of the said connecting roads; but that the same charges per mile as to passengers, and per ton per mile as to freight, passing from the said Texas Pacific railroad over any of said connecting roads, or passing from any of said connecting roads over any part of said Texas Pacific railroad, shall be made by said company as they make for freight and passengers over their own road: Provided also, That said connecting' roads shall reciprocate said right of connection and equality of charges with said Texas Pacific Ram nghtg railroad: And provided fur!/cer, That the rates charged for carrying ¤X<>¤¤d· &¤· passengers and freight, per mile, shall not exceed the prices which may be fixed by Congress for carrying passengers and freight on the Union Pacific and Central Pacific railroads. }r¤¤ 01* ¤¤>¤l_ Sec. 16. That said road shall be constructed of iron or steel rails
 * ° b°“d"‘ shall not exceed thirty thousand dollars per mile of said railroad, and
 * 5* °°"¤°°*· struotcd, to intersect said. Texas Pacific railroad, shall have a. right
 * f;“£gf“ Am"` manufactured from American ore, except such as may have heretofore

been contracted for by any railroad company which may be purchased or consolidated with by the company hereby incorporated, as provided by this act. Oorpomtioato Sec. 17. That the said Texas Pacific Railroad Company shall com-
 * §_‘::2§)Q1°:f;;;d mcnce the construction of its road simultaneously at San Diego, in the

at Sun pgogomd State of California, and from at point at or near Marshall, Texas, as M¤¤¤h¤Ui_ hercinbefbre described, and so prosecute the same as to have at least mE2:f°:_°°“` fifty consecutive miles of railroad from each of said points complete Time for com- and in running order within two years after the passage of this act; I‘°*l°'*· and to so continue to construct each year thereafter a sufficient number of miles to secure the completion of the whole line from the aforesaid point on the eastern boundary of the State of Texas to the bay of San Diego, in the State of Califomia, as aforesaid, within ten years after the Congress may passage of this act; and upon failure to so complete it, Congress may °°"“P‘°*°“Y &°· adopt such measures as it may deem necessary and proper to secure its speedy completion. Gammlmoner S20. 18. That, the President of the United States, upon the comple- _ whose duty it shall be to examine the various sections of twenty miles “:"·““*‘ °°”‘ as they shall be completed, and report thereon to him in writing; and if; ' from such report, he be satisfied that said company has fully completed each section of its road, as in this act provided, he shall direct the Secretary of the Interior to issue patents to said company for the lands it is entitled to under this act, as fast as each section of said road is _ completed. 6mm:: Sec. 19. That the Texas Pacitic Railroad Company shall be, and it is hereby, declared to be a military and post road; and for the purpose of
 * °°"“ml“° ’°°d· tion of the first section of twenty miles, shall appoint one commissioner,