Pacific Railroads in Congress, 1877 and 1878; Proceedings Compiled from Official Records (Paperback)

This historic book may have numerous typos or missing text. Not indexed. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1878. Not illustrated. Excerpt: ... 690 14 to commute at the same rate any of said semi-annual payments 15 herein provided for by the payment of a specific sura equal IK to the then present value of such of said semi-annual pay 17 ments so desire 1 to be commuted, but the sum so paid shal, 18 not be less than one mUlion dollars at any one time. 1 Sec. 9. That this act shall take effect upon its accept 2 anee by said railroad companies, or if accepted by only one of 3 said companies, then as to the company so accepting the 4 same, which acceptance shall be filed With the Secretary of 5 the Treasury within four months from the passage of this act, (i and shall show that said company or said companies have 7 agreed to the same at a m -etiii i of stockholders; and if said - companies shall mik'1 punctual payment of the sums herein - provided for, and perform all the conditions hereof, this act 11) shall be deemed and construed to be a final settlement 11 between the government and the company or companies so 12 performing the same; but in case of failure so to do, Congress 13 miy at any time alter, amend, or rep?al this act as to such 14 company so making default. 1 Sec. 10. That all acts and parts of acts inconsistent with 2 this act are hereby repealed. INDEX To Proceedings on Pacific Railroad Sinking Fund Bills, First Regular Session, Forty-fifth Congress, fSjJ and /SyS. 45th Congress, ) SENATE. i Report 2d Session. J No. 111. IN THE SENATE OF THE UNITED STATES. March 4, 1878.--Ordered to be priuled. Mr. Thurman, from the Committee on the Judiciary, submitted the following REPORT: To accompany bill S. 15.1 The Committee on the Jndiciary, to whom was referred Senate bill No. 15, entitled "A bill to alter and amend the act entitled 'An act to aid in the construction of a ra...