Page:United States Statutes at Large Volume 31.djvu/831

 FIFTY-SIXTH CONGRESS. Sess. II. Ch. 354. 1901. 779 In consideration of the surrender by the Baltimore and Ohio Rail- *2PP*°P*'i¤¤°¤ *0* road Com any, under the requirements of this Act, of its rights under mmm °° °°mplmy the severaq Acts of Congress heretofore passed, and under 1tS several contracts with the municipal authorities of the city of Washington authorized by said Acts of Congress, and in consideration of the large expenditures required for the construction of the new terminals, viaduct, and connecting railroads, as required by this Act, to avoid all grade crossings of streets and avenues within the city of Washington, and, further, in consideration of the grant and conveyance to the United States of the lands included within the limits of the roadway and right of way of the Washington Branch Railroad, which can be used for a street or avenue for the public benefit, the sum of one million five hundred thousand dollars, to be paid to said railroad company toward the cost of the construction of said elevated terminals, viaduct, and structures within the city of Washington, shall be, and is hereby, appro riated, one half to be paid out of any money in the Treasury of the United States not otherwise appropriated, the other half to be paid out of the revenues of the District o Columbia. The sum so appropriated shall be paid upon presentation of a certificate by the Commissioners of the District of Co umbia that the said viaduct has been completed as required by this Act. ·I In order to p1'0VldB for the one half of said amount chargeable to the ch1;¤¥¤é£;¤ <>f {wif District of Columbia, the Commissioners thereof shall, on the first day ¢neii1srn5.°g° Mt of July following the passage of this Act, and annually thereafter, pay over to the Treasurer of the United States, out of the revenues of the District of.Col11mbia, the sum of one hundred and fifty thousand dollars. to be invested by the said Treasurer in interest-bearing bonds of the United States or the District of Columbia, until the full sum of • seven huéidred and fifty thousand dollars, as provided herein, shall have been pai. Sec. 9. That the pro erty occupied by the Baltimore and Ohio P¤>¤¢¤Y Mable Railroad Company, or Ty the proposed terminal compan, under authority of this Act, together with the improvements which may be put thereon, shall be subject to tax by the District of Columbia the same as other property in the District of Columbia: Pro/vided, That ;_,i'gigl{)¢;·mxau0m no assessment, valuation, O1' tax shall be made or levied on the railroad or terminals located, constructed, or maintained under the authority of this Act in excess of that which would or could be lawfully made, laid, or levied if said railroad and terminals were so located, constructed, and maintained without the use of bridges, viaducts, retaining walls, and other structures necessary or properly employed to elevate the same as required by this Act, it being the true intent and meaning hereof that the railroad and terminals hereby authorized shall be assessed and valued for purposes of taxation and taxed on the same basis as if the same were not constructed and maintained by means of sugh bridgersfhviaiucgs, rpltaining walls; and other structnéres. Ec. 10. ati, or the ur ose o constructin an ownin the 0* ¤¤imi°¤ _ °f terminals, viaduct, railroad; dgpots, stations, and 0%*her works au%hor- ‘§s‘”.§3§‘ company in 1Z€(l. by this Act, or any part thereof, the Baltimore and Ohio Railroad Company shall deem it expedient or advisable that aterminal company 1n its interest be created and organized in the District of Columbia, the said Baltimore and Ohio Railroad Company, or some person thereto authorized on its behalf by resolution of its president and directors, together with other persons not less than seven in number, of whoma ma]ority shall be residents of the ·District of Columbia, shall cause a certiiicate of incorporation to be executed and recorded in accordance with the provisions of the general incorporation Act of Congress for the District of Columbia relating to railroad companies, being sections six hundred and eighteen to six hundred and seventy-six, both