Page:United States Statutes at Large Volume 30.djvu/530

 FIFTY-FIFTH CONGRESS. Sess. II. Ch. 499. 1898. 491 pose of conveying electric current to be used for street railway purposes only: And provided further, That before permits shall be issued to begin, Bropermoot of oxsuch work all taxes and special assessments due and unpaid to the `°°"‘g°bhg“””"‘ District of Columbia, and all indebtedness due the employees for labor, _ or due others for coal, feed, horseshoes, and other supplies, contracted for by the receiver of the said Eckington and Soldiers’ Home Railway, duly appointed by the court, and used on behalf and for the benefit of said company, during such receivership, and to be approved by the court appointing such receiver, shall first be paid: Provided, That in Gomplotion of ¤¤· case of any lines purchased or leased by said Eckington and Soldiers’ fi,‘$f§£`},'§g,1§§§,P°“‘· Home Railway Company, such lines within the city of Washington shall be fully equipped with said underground electric system within twelve months from the completion of such purchase or lease, and the North Capitol street branch shall be completed with the underground system to the Soldiers’ Home within twelve months from the opening and grading of said street. ‘ Sec. 3. That the route of the Eckington and Soldiers’ Home Railway ima. Company shall be as at present, with the following changes, to wit:. Between the intersections of T and Third streets northeast and R and Second streets northeast one track shall be abandoned, and in lieu ' thereof a single track shall be constructed between the same points on T and Second streets northeast; between the intersections of Eckington place and Florida avenue and New York avenue and First street northeast both tracks shall be abandoned, and in lieu thereof a double track shall be constructed between these two points, crossing Florida avenue and on First street; between the intersections of New York avenue and Fifth street and Fifth street and G street northwest, the roadway shall be widened to a width of forty-five feet, one-half at the expense of said company, and onehalf at the expense of any District of Columbia appropriation available for such work; a single track between First and C streets and Fourth and D streets northeast shall be abandoned, and in lieu thereof a single track shall be constructed on D and First streets northeast, between these points: Provided PWM0- fvrther, That the abandoned tracks shall be removed, and the single Ao¤¤<1oo•><1¤r¤ok¤. tracks, with all the necessary switches, turn-outs, and so forth, shall Location single be located subject to the approval of the Commissioners of the District *'“°k”‘ of Columbia. · Sec. 4. That the said Eckington and Soldiers’ Home Railway Com· Issue of oopim pany is hereby authorized to issue its capital stock and its bonds to an °°°°k ‘“‘d b°“°“‘ aggregate amount sufficient to cover the cost of the property and tranchises whose purchase or lease is herein provided for and the cost of the construction, equipment, and reequipment of the railway lines now owned by the said Eckington and Soldiers’ Home Railway Company or hereafter to be acquired by said company, and to secure said bonds by, mortgage or deed of trust of any part or all of its property and franchises, as now owned or hereafter to be acquired under the provisions of this Act or otherwise: Provided, That such stock and bonds shall be Provvov- , issued to such an amount and upon such terms as may be agreed upon `°m°“”t °h"°°‘°°°‘ by the majority stockholders of such company: And providedjvrthevg That the issue of such bonds and stock shall not in the aggregate -11mn. exceed the amount necessary for effecting any such purchase, lease, or acquisition and tbr the construction, reconstruction, and equipment aforesaid, and the total outstanding bonds and stock shall in no event exceed the sum of one hundred and fifty thousand dollars per mile of single track. Sec. 5. That within sixty days from the date of the approval of this wQj{Qu°;{}g§“”“‘“ Act the Eckington and Soldiers Home Railway Company shall deposit ` tive thousand dollars with the collector of taxes of the District of Columbia to guarantee the construction, equipment, and reequipment of its lines, as authorized and prescribed by this Act. If said sum is not so deposited, then this Act shall be void. If said sum is so deposited and the said lines are not reconstructed, equipped, and reequipped as herein provided for, then said sum of five thousand