The Pacific Railroad. The Relations Existing Between It and the Government of the United States

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Página 30 - ... over said telegraph line, and transport mails, troops, and munitions of war, supplies and public stores, upon said railroad for the government, whenever required to do so by any department thereof; and that the government shall at all times have the preference in the use of the same for all the purposes aforesaid (at fair and reasonable rates of compensation, not to exceed the amounts paid by private parties for the same kind of service...
Página 23 - ... a public highway, for the use of the government of the United States, free from toll or other charge upon the transportation of any property or troops of the United States.
Página 30 - ... and on the refusal or failure of said company to redeem said bonds, or any part of them, when required so to do by the Secretary of the Treasury...
Página 29 - And be it further enacted, That the grants aforesaid are made upon condition that said company shall pay said bonds at maturity...
Página 30 - ... to secure the repayment to the United States, as hereinafter provided, of the amount of said bonds so issued and delivered to said company, together with all interest thereon which shall have been paid by the United States...
Página 27 - I give no grudging vote in giving away either money or land. I would sink $100,000,000 to build the road, and do it most cheerfully, and think I had done a great thing for my country if I could bring it about.
Página 29 - ... by the Secretary of the Treasury, in accordance with the provisions of this act, the said road, with all the rights, functions, immunities, and appurtenances thereunto belonging, and also all lands granted to the said company by the United States, which at the time of said default shall remain in the ownership of the said company, may be taken possession of by the Secretary of the Treasury for the use and benefit of the United States : Provided, this section shall not apply to that part of any...
Página 43 - An act [to amend an act entitled an act] to aid in the construction of a railroad and telegraph line from the Missouri River to the Pacific Ocean, and to secure to the Government the use of the same for postal, military, and other purposes, approved July first, eighteen hundred and sixty-two," approved July second, eighteen hundred and sixty-four.
Página 29 - ... which interest may be paid in United States treasury notes or any other money or currency which the United States have or shall declare lawful money and a legal tender...
Página 29 - That for the purposes herein mentioned the Secretary of the Treasury shall, upon the certificate in writing of said commissioners of the completion and equipment of forty consecutive miles of said railroad and telegraph, in accordance with the provisions of this act, issue to said company bonds of the United States of one thousand dollars each, payable in thirty years after date, bearing six per centum per annum interest, (said interest payable...

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