Show RAILROADS IN THE territories SOMEWHAT lengthy discussion 00 occurred in theu the US S senate april 8 upon the bill S no to provide for the incorporation and regulation 0 of railroad companies in the territories of the united states the question being on the amendment reported by the committed Committe eon on rall rali roads to strike out all the original bill after the thie enacting clause and insert a substitute the bill dillwith with some amendment passed the senate april 13 SEC see I 1 af pf the substitute brov provided idee that any number of persons not less than five could incorporate for the construction ahad operation of railroads in the thie territories SEC 2 contained provisions concerning a certificate of specifications of such railroad SEC a 3 was incorporative SEC 4 authorized the location construction maint maintenance enante i lani land operation bf such railroad and an d necessary appendages SEC 5 regulated the capital stock and shares thereof each assessment not to exceed ten per cent and assessments not to be ballel called for nearer together 1 than three months SEC 6 provided for collection of assessments when sixty days overdue by action at law or sale of shares with thirty days published notice thereof and written ritten v notice to the shareholder SEC 7 authorized the opening of books for subscription of stock when ten per cent of the capr capital stock was paid five or more directors taid eald could be e chosen to continue in office till hlll the annual election of d directors ir e ctorn the first to be within sil sli months a and n d until their sori we were r ej chosen osen and qualified directors to be chosen by ballot and majority of stockholders each share entitling 0 to one vote personally oi of by writt written en proxy default of payment to disqualify for voting the persons named in certificate of incorporation to be the J judges u adges and certifiers of election directors to chocie their own president and the secre seere treasurer of the corporation also to take lri irl augural inaugural oath or affirmation declare dividends and by A majority make bylaws by laws fill vacancies and transact the bu business of the corporation SEC 8 granted feet right of I 1 way and not more than 40 acres additional dit ional for or every ten miles for depots sidetracks side tracks etc with permission to take necessary earth stone timber and water from adjacent public lands lauds to build and maintain the road SEC 9 was one of tile tho most important por tant it authorized the corporation to secure private lauds lands and premises on the line similar in extent to those mentioned in section disputes dl utes ay ag to valuation to bo be determined ter mined by three disinterested disinterest disint eres ed appraisers pral sers ap pointed appointed by and on application to the territorial district court or judge the valuation to be anthe same basis basik as if the railroad s we were re n not nob ot thou thought lit or of payment of suell to the clerk of the court to constitute sufficient claim for full title to the land and premises elther either party could appeal from such stich appraisement and demand abury a jury of twelve men to estimate the appealing party to give bonds cpr the costs and to pay the whole costs if the appeal were nef ineffectual fec tuai the court to appoint a person sona under bonds to act for absent or disabled owners 1 six years failure of appearance of claimant claimant to bar all claim sec SEO 10 provided for equitable right of way for more than one railroad through a canyon and for the div awarding arding of dania damages eq for injury to any wagon aon road read lna ina inu inn canyon by the construction or of such a railroad SEC 11 provided for operations to on such railroad within a h year from the filing or of its certificate ten miles to be graded e each aybar yean year and the whole line completed within ten years from filing 11 of certificate failure in this to work forfeiture of charter and rights and privileges 0 to uncompleted portion of the road SE SEC C 12 provided for minor changes changas of bf location or grade or of the roddi road with consent of the secretary of odthe interior IC EC 13 authorized a railroad corporation po ration to borrow money not to exceed bitsi its authorized capital stock issue ands bonds in sums or of not nod less lesa aud and mortgage 11 the road J ote ete to secure payment SEC 14 authorized the acquire merit by purchase or gift of any I 1 for of or construction SEC SEO 15 re regulated the diversion of roads or streams building of bridges etc in constructing a a railroad sk BC 16 provided for the thel establish menta a principal office for such sueh cej corporation on oil its line of road with public notice of the same 17 provided that such corporation po ration send a full report under linder oath every january to the secretary of the interior SEC sed 18 provided that any railroad corporation organized under tile tiie net nef of the legislature of any territory should on filing with the Secie secretary tary of the In intermor terror its original articles of incorporation or copy thereof and its acceptance of this thi act be entitled to the tile benefits therein granted SEC 19 provided that any corporation under tinder this act could construct mal maintain tain and operate a telegraph on the line of its road tho the grants hofland orland nor for depots side sidd tracks etc i not to apply to U S mineral on reserved lands nor to lands home homo ded or preempted pre empted at the date of the filing of the certificate of I 1 incorporation SEC hec 10 exonerated the U S from responsibility for obligations or of corporations and provided that iio ilo no territory or county or municipal corporation therein there iri lri should subscribe to of such sueh rail rall railroad rodd corporation or loan its credit thereto congress t with due re regard in arri to the thie rights of sueh such sueh ruch corporation inight add to alter alten amend amend or repeal this act sec 21 provided for similar rl right el ht 0 of wa way etc t through trough unoccupied pu public lie lle lands or of the U S for a railroad ro corporation incorporated dundei t the 0 laws dawso of any fa state that had bad not received aid in lands or bonds from the united states |