Newspaper Page Text
OUTH RAILROAD LAW.
Be the Legislative Ass'embly of t for the purpose of aiding in on of a railroad to run from Territory of Idaho, to and In y of Montana by way of the *n o Hole river to White Tail De umn of one million, one hun dr housand dollars is hereby rot e Territory of Montana, to be na bonds of said Territory, in Hid on the terms provided Svided, that none of said h xecuted by the Territory, or ny corporation, person or Spurpose whatever, except ut and in the manner provided Sec. ailroad shall be built from the said t Franklin, along and over the most practical route by the way of the mouth of the Big Hole river to the mouth of White Tail Deer creek, in the said Territory of Montana, and shall be built of good and substantial material, and of a gauge not less than three feet in width, and not more than four feet eight and one-half inches in width. Such railroad shall be finished so that a lo comotive and train of cars can pass over the same from said town ot Franklin to the terminus aforesaid, within two years from the time that any contract shall be entered into and executed by any company, corpora tion, or association, under and in accordance with the provisions of this act. Sec. 3. The bonds that may be issued un der the provisions of this act, shall be coupon bonds of the Territory of Montana, payable at the city of New York, in the State of New York, twenty years from the date of their issue, and redeemable at any time after ten years from their date, at the pleasure of said Territory. Said bonds shall bear inter est at the rate of seven per centum per an num, shall be dated on the day of issuance and delivery thereof, and shall draw interest from the date thereof. There shall be at tached to each bond a coupon for each in stallment of interest thereon, and the inter est shall be due and payable on the first of January of each year at said city of New York. Said bonds shall be signed by the Treasurer and Auditor of said Montana Ter ritory and shall be countersigned by the Sec retary of said Territory,, and when thus is .ued shall be delivered by the Treasurer of auid Territory to the person or persons, company, corporation, or assocition of per sons contracting to construct said railroad in accordance with the provisions of this act, or to his, its, or their order. Sec. 4. The bonds herein provided for to be issued by the Territory of Montana, shall be procured by the Auditor of said Terri tory, and he shall have the same engraved at the lowest possible cost which shall be paid out of the general fund of said Ter ritory, by warrant drawn upon the Terri torial Treasurer. Said bonds shall be of the denumination of ($1,000) one thousand dollars. Sec. 5. The railroad herein provided for shall be constructed by the corporation or association of individuals undertaking the same in two sections, as follows: The first section to extend from the town of Franklin aforesaid, and terminate on the line of the said road at the present southern boundary line of Montana Territory. The second sec tion of said road shall 'commence at the ,northern terminus of the first section of said road as herein designated, and shall extend to the terminus of said road at the mouth of the White Tail Deer creek aforesaid, and shall be known as Section No. 2. Sec.. . The corporation or association of individuals who shall accept the terms of this act, and undertake the construction of said railroad under the provisions hereof, shall not be entitled to receive any of the bonds of said Territory herbin provided for until they shall have constructed and placed In good running order, with full equipment of ngrities and rolling-stock, section No.1 of said road. And whetn the said corporation or association of individuals undertak~ug the construction of said line of road, shall have completed said Sect and equipped the same wli ns and rolling stock, and s receive a portion of the aid h , they shall make a to (te Gov ernor of the ;, who, upon |oityVsai D, shall at once designate three Commissioners, who shall be citizens of the Territory of Montana, disinterested, impartial men whose duty )t shall be to go, at the expense of the said railroad corporation or association of indi viduals, and examine and measure that por tion of said line of railroad which may be completed, and make report in writing,,un der oath, of the result of their examination; and if they shall find on such examination that the said railroad, as constructed, com plies with all the requirements ot this act, they shall so state in their report to the Gov ernor. Sec. 7. Upon receiving the report of said Commissioners, made to the Governor un der oath, that the said corporation or asso ciation of individuals have complied with the provisions of this act, and have con pleted Section No. 1 of said road, and equipped the same as required by this act, the Governor shall immediately thereafter make his order on the Territorial Auditor for one-half of the bonds by this act author ized to be issued and shall deliver the same to the agent or representative of said rail road corporation or association of individu als, which order shall be accompanied by a copy of the report of said Commissioners, and which cc rder and copy of report shall be delivered t.o the Auditor, who shall preserve the same in the files of his office. The order of the Governor upon the Auditor shall di rect him to execute and deliver to the Treas urer of the Territory the amount of the bonds herein provided for. The bonds so delivered by the said Auditor to the said Treasurer of the Territory shall, after thirty days notice to be published by said Treas urer in two or more newspapers published in this Territory, be by the latter officer ce-. livered over to the said corporation or its authorized agent, the said Territorial Treas urer taking duplicate receipts therefor, one of which shall be preserved by him and the other shall be delivered to the Auditor who shall preserve the same in the files of his office. Sec. 8. And thereafter when the said cor poration or association of individuals shall have completed the second section of said road, they may apply to the Governor for the remaining half of the aid hereby given in bonds as herein provided, and such ap plication shall be made in the manner proe vided in the preceding section, and commis sioners shall be appointed and first make a report as is above provided. Their duties shall be-the same and their report made in the same manner and as provided for in the preceding section of this act; and that there upon there shallbe issued and delivered to the said corporation, in the same manner as heretofore provided, bonds as herein provid ed equal in amount to one-half the aid by this act given. Sec. 9. The County Commissioners of the several colinties, after having received no tice from the Secretary of the Territory of the passage of this act, as hereinafter pro vided, shall, and it is hereby made the duty of said County Commissioners, on the third day of April, A. D. 1876, to cause to be sub mitted to the qualified electors of their re spective counties the propositions herein col. tained for their approval or rejection; and if a majority of the electors of the.Territory, at such elections, shall by their votes approve of this act, such fact shall be entered at large upon the journals of their respeotive coun ties. See. 10. The County Commissioners of the several counties shall give notice of the election herein provided for by publication in one or more newspapers published within such county, at least twenty days before such election; or, if no paper be published therein, the same shall be' published in one or more newspapers published in the Ter ritory most likely to give general notice. Seo. 11. At the election herein provided for, the ballots or votes shallr contain the words "North and South Railroad Aid. Yes; or North and South Railroad Aid. No," and the same rules, regulations, liabili ties and penalties prescribed for the conduct of other elections, and liabilities of 6fflcers thereof, and electors within this Territory, shall be observed and qpforoyd at the elee tion herein provided for; and the judges at such electiop shall truly oertify, and for ward the result of such electlc, together with the poll-books and ballot so 'ast, to the Board of Commis~oners to tVie county sealt Qf said county, withn t days after the same shall have been counted and certi fled, and the said County Commissioners shall, within ten days thereafter, forward a correct abstract of the votes cast on said proposition at such election to the Secretary of the Territory ; and upon the failure upon the part of a!ny oflicer or officers herein named to perform the, duties prescribed by this act, he or they shall be deemed guilty of a misdemeanor, and upon conviction thersot shall forfeit and pay a fine not ex ceeding $10,000, and be imprisoned in the county jail not less than six nor more than ten months. Sec. 12. The votes that are east upon the proposition herein contained, after the same shall have been abstracted by the County Commissioners of the several counties, and such abstracts shall have been forwarded to the Secretary as aforesaid, shall be canvassed in the same manner that the vote for dele gate to Congress is canvassed under the ex isting laws. Sec. 13. If a majority of the votes cast upon the question hereby submitted, shall approve of this act, it shall be the duty. of the Secretary of the Territory to announce such fact through one or more newspapers published in the Territory, and thencefor ward this act shall be a contract of binding force upon the Territory of Montana, and also upon the corporation or association of individuals that may accept the same as herein provided, for the fulftillment of which contract, in every particular, on its part, the good faith and credit of the people of Mon tana Territory is pledged. Sec. 14. The County Commissioners of the several counties shall, flrom time to time, levy a special tax, as may be apportioned by the auditor, in the same manner as other taxes are now levied, sufficient in amount to pay the annual interest that may from time to time accrue upon the bonds so issued, and also to provide for the final payment of said bonds. Sec. 15. That the following persons and their associates, to-wit: Royal Basset, J. Richardson, Sidney )illon, or some of them and their associates, for the purposes herein named, having first incorporated themselves under the laws of Montana Territory, shall hiaye thirty days after the passage of this act 4ay beep announced by the Secretary bft ihe Terr.t.ry, Within. Which to determine their acceptance of the terms of this .act; ,their acceptance of which shall be in writing and shall be filed by the proper officer of said corporation in the otfice of the Secretary of the Territory, before the expiration of the said thirty days, and in ease the said corpora tion shall fail to file their written acceptance of this contract with the Secretary as afore said, within thirty days after the passage of this act, this act shall be void and 4 no ef feet. Sec. 10. That in case this act shall be. rati fled and confirmed by the electors of this Territory, in the manner hereinbefore pro vided, and the said corporation shall file its acceptance of the terms of this act, as above provided, the said corporation shall construct and fully equip with all the necessary roll ing-stock, at least one hundredmiles of the said road befoire the first day of January, A. D. 1877, and in case of tailure so to do, all rights of such corporation, under the provi. sions of this act, shall be deemed and held forfeited, and it shall have no, further claht upon this Territory for any bonds herein provided for. Soc. 1, That nothing herein contained shall be construed to inhibit the Territory from causing advalorem taxes to b4 avied upon the property of sadd railroad company .withinwsaid Territoryr as taxes polearld up on other property Il, this Terwitory. Bat all taxes so levied shril be pall bky said railroad corporation into the Terr~thrial Treasury, andlnotportion thereof shaJl belongto sapy ·county in. saidl Tetitoary, anytbing in the laws now in "oroe.t 'the cont ary notwith standing. Sec., 18.IAp CommissloopUs b1. this a siaa. ma'0 tha efl port, agsll talosad s scribe t'Aefr oath: thereto, wi~tbit the limit of this T...rtor'y, and if the Uesame ig lb-h shall bi deemed giity of wilfU.ll rupt. Ipury, and shag be puni , prc~,ve .by law tlherefPg,, . SSeA 14 That nothing :: s'ha* pN9ehe&nt said corpoeraAfISr. l - i theay as elect, an lndepern*Vi 1iei ot rail- I (tQaA B£1~rAIte town of Ogden 90te 'TerrI. tory of Utah, or the town of Corinne In the Territory of Utah, immediately or ultimate. ly, but the'provilions of this act shall only apply to such portions of said road as shall be constructed from a point north of an east and west line running through the saidtolx.. of Franklin. Sec. 20. That the Legislative Assembly of this Territory, and the'Legislative autliority of any State to be fbrmed out of such Tedri. tory shall, notwithstanding anything herifn contained, have authority to regulate. the rates of fare and fleight the same as is .p pided in sections twenty-two and tweiy-. three of an act entitled "An act to Provide for the formatlon of Railroad Corporations in the Territory otMontana,' passed in 8l3f. FOR SALE OR RENT., Theundi4l .offers for salq or rent his saw mill, sItuwid' on beep creek, about eight miles north of c. Bake, nltW.a river valley. The mill is run by pDo wer,ý ith an overshot wheel. It is in good hrang order and caable of cutting four thousand pof uImbeer dy, and has an abundance of good timber near It. T reasona ble. JONAS HIGIf k Diamond City, February 24, I$76-n14-ttf "+ WM. M. PRICE & CO, Commission 1lerchaint --AND- axssoURI STATE GaANGE Ak3ct., NO. 14 SOUTH COM'L ST., ST. LOUIS, ML. Special attention given to the tsaI of GRAIN, TOBACCO,, WOOL4o And to the purchase of FARM, FAMIJY R 4N'ld 4A N7 SUP?? , pIONJCER ST`q The undersigned wishes to call heattention at .the public to his large stook of mem.a-, O slating of a good assortment of GrR O3CE II0II-S HARDWARE, AND QURENSWAltE, READY MAID CLO'Ti1iB Athousandan Qn anrtlesl3 o ror 9 less, bhib be sold 1a1Ib" . aei. AS LOW AS 'RHE LOWEST. A ULberal Discount to Cash ' ures YOU 0OULIA NOT BUY A J.AO! KNIWE OF 41 T'N YEk.R OLD SCIROOL Boy: ON T M, ' catE4P AS, YOU c0ULD bY PAYING THEI CASH DOWN. jam prepared to . ... Vomlpete with any Rouse ta the iaty. Call and examine my stock sadmpriees, and atlai4 ourselve, of the truth of my atatsmens. JONAS HIG4+iN8, Sole Proprietor and B ulnMs e. Dtamnpd City, liesember 16th, .. G ALLTIN VALLEY FEXALRi $EXINAIBY. Basut ,. L. B. OSRITTEND... -Matron Aa o. 1p. ttemiot efourth annual msessio nifinii. se, Isn .. se o Win. H. arew, ow Pr Tblnh1Wa i elose ont will loPse Instrmn t address b0 S-t -'anilton, M ++3a.> ?:'"4t~