Show A BILL to pst p st iti it coal Ital lorid aiex rud aad introduced byar by mr chipain Chip nin in I 1 in the itono of t IT F arl U 20 18 0 ila o it enacted by tho the senate and house of Kepr representatives caen la lives of the united states of america ia congress assembled that james edward me council lieutenant colonel richard B bateson a teson sir bateson baronet in member ember of parliament P saml balason Balc Bati eson son acton acron tindal arthur bolt boil cool cook joho john edward and arthur bruce brace frazer a anil ad such euch other persons as may bo be associated ith tham and their successors are hereby created a body politic and corporate corp oralo in the territory of utah and adjoining territories by the name style and title of ortho the utah railroad mining and laud land company and by that na name in 0 shall have hare succession and shall bo be able to sue and be sued plead and bo be im implead pleaded cd defend and bo be defended in all proper courts of law and equity and may mako make and have a common seal etol sec 2 that the capital stock of lion t the e said corporation shall be five million dollars divided into shares or of ono hundred dollars each and the same shall lo be deemed to bo be personal property and transferable on tile books bocks of the company cooj pany only and such capital stock may bo be increased froni from time to time to the extent necessary riece sEary to carry out the objects for which the said eaid company is formed fort ned not exceed ing in the whole the sun eum 0 of f tw e nty million dollars upon a v vote ot e of two tarda proxy in amount of tile the stock fr for the lle time being in favor of such increase sec rec 3 that the said company shall have power to male make such auch bylaws as it deems proper for the dit dg pollion of its ty and estate I 1 and iii for the he management of its ita business and affairs ff for the regulation of the term of its offic cra and their duties and to carry out tho general objects of the cor corporation P oration and the lie same to an amend end or repeal at pleasure provided that such cuch by laws shall dot conflict with any law of tho tha united states r or of soy any of the territories t thereof hereof or states slates which may be formed therein see sec 4 that the corp orators named in this act shall bo be the directors for the first cret year front from the organization of the company or until others are elected n and ud 1 thereafter annual elections of dirc e clora actors not less than seven or fir MOW more than thirteen in number shall be held by the stock flock holders at meetings to fe be called for that purpose at which each cach thare adf stock present in person or by prozy Ahall be entitled to one yote and the mi bority thereof shall elect see 5 that the general objects of such ch corporation are arc sad and are hereby if declared to bo be as 03 follows to develop the resources of the territory of utah and the adjoining territories or states by the construction of rail wagon and other roads and telegraph lines and moro more particularly of railroads connecting the mineral dis iril is ia south utah with the iho railroad system E stem uniting the atlantic and pacific sea boards loth both to the south slid and north dorth of salt like city the opening and development of mines and coal fields of all descriptions script ions and especially in a south utah the erection of smelling smelting sm elting reduction and other works manu fac tories lories and industrial pursuits pur the purchase and sale or leasing of lands mines and buildings huil buil dinga dingi and the sail said company fur fir the purpose of building and working cueli railroad filial have bave the la right of way through the publio public lands ands of the United States from find and between the points ifor faid the eaid aid right of way being to t the extent of two hundred feet on each side of said baid railroad line and such corporation corpo radon ahall all possess all the necessary to cHat enable it to build and work such railroad for tho the transportation of freight and passengers and to col lect elect and receive compensation and the powers privileges and franchises conferred on corporation i by and under the provisions of tho the statutes sla lules of utah slid and the adjoining territories or of any and all amendments thereto aro are hereby confirmed I 1 to 0 and nd invested in the said mid corporation po ration subject to the iho said statutes for the purposes of this act see sec 6 13 that such corporation may make and dispose of its bonds or other obligations in ia such amounts at such rates and on such terms as it may deem beat for its ita interests for the purpose of hot boi rowing money for the purposes aforesaid and may secure the vatne lame by a mortgage upon ill all or any part of its ita property and fill all its ili franchises and add may mayo make the same nine and the thereon pay blu ablo at inch each place or places as it b may deceu pro proper and may hold and tra transfer IraD nEfer Eier sue such ar real afore baid and personal property properly as may bo be ne seary rier lor the carr earning ing out ont of its general purposes su aai y may issue iosue iu eatock and booda for property properly and again exchange cicha Dc its property properly fur its bonds bonda or and may convert any of its obligations at the ho option of the holders hol dorfi into stock or of the ibo company without further action of the stock block holders holder ste so S o lahat 7 tint this ahi act shall take of ef feet immediately and shall at all times be subject to amendment or repell repeal by congress and the ibo said laid cor potation por alion shall be subject object to tho the gen trl oral laws la of tho the paid id territory of 0 utah and the tod and the states formed ther therein cir gitig upon au all corporations equally |