

Aruumr AXD Panne* KAIUMUD Coarunr.) 



1-7 



bondholders. The most that ought to be dona 



instance* is to protect the hnneat 



bonded d ' far a* the *f 'fend ing ffr*flt 



is concerned. 1 ap|*-al to i :._'. t., audy flat 





charter to rear* 



- 



will I 

 that 



fur 



*iiicn wm oeeiovM ten years ago 



i - . ... 



ganiiation. They shall not, with my eonasnt. stand 



:,ak.-a f.-r 



branch asking pennission fro,,, r..n k 'n- 



- argument * are given a* presenting tl. 

 versa view* of the in.-aiurr and marking \m IfltffT 



U the dUcussion of it raoMd. 

 The Senate non<* 

 menu, and a was app. 



..w company as a < 



d.-nt t., Rin : i. in t OfWBjf nhtfj - f . k - : 



d by Congress, and that r on cession 

 .-.I to approve. A second con f.-r- 

 net resulted in a re|-rt retaining that ai- 



:u|M>rtanc> ' tt,. 



te Court h.i 

 dded in f\*>r of the authority of CongreM t 



tie following is the final 



r any mortgage 

 ode by the Atlantic and 

 under and 

 in an;- 



the road, equip- 

 ment, land A. f r.i 

 and proj.. 



' - 



aK HMetanery. BUttrea^ aiid Mn4M ol every kind 



*ejf^B\je> MttM\i tttBaPftiL CJtaYffMiAfM^ aw* ejrtt f e*vava*ae* aaf Oamhal 



rad. ami 



f -r itijurifs |0 ewployecs or other peteons* 



'iWKi^r 355 -* 5315 



, 

 - 



lecelTer or recetTers in the loraftlossiie y 



..r .n,. ^ thr .p ( . .ii.(ii.n,t . f i . ... f. r. r i .- 



hall n- .t u luuV anv ItaMlhiei to 

 railroad ooaiposjlai oioapt far lioketo and 



.'d shall be divided into share* each of the 



. .,- ..f $!(. and shall i * uonl 



of the mortgy debt doc end unpaid at the tinst of 



ta'ur lhrr.,.f ... 



full par value thereof in eeah, 



- issoed inc.* 

 ty to the proriaions of this art. Thr 



ler the provisiooeol that net shall 





That 



under a decree or decrees ot ^ is, the i.ur- 



chaser at anv nuch sale or sales, and their associates 

 or assign*, .Oinl 1 r<Mitut<< a new companv, which 

 fhall have and shall be entitled t . hold and POMCMB 

 th. franchif and propertT so sold, and 



^es. grants, and f ran- 

 to beacorpor 

 ngress approved Ju 



[9W, iooorporai - \ .- ,,'nd Paoil Ri . 

 road Company, and by acts amendatory thereof and 

 supplemental ti h w.-rv ownM and pos- 



sessed by said Allan 'trifle Railroad 



or said mort;rnrc at the time of >nrh decree 



be oonstrved as making any 



of I,,- 



|H,ration. or as a waivrr of any rigl.- 

 .ting to 



I granted to the Mid Atlantic and 

 < |{ailn*d Company, or as in any manner a/* 

 Tested rights of any Mltlrr or srttlrrs on 

 any of the land* heretofore granted to the Atlantic 

 and Pacific Railroad Company or of any 

 of amid lands from said 



: and th> iiM-..rprati< HIM hereby pro- 

 Tided shall be completed and IMM-HIU. 

 whenever the a id nurchaneni and theiransoriatesor 

 sesjgn shall file with the - 



hereunder. duly ac- 

 knowledged, specifying the name of surh new cor* 



Meat, and the name* of 



ic IIMI- >t n. .ptwed capital stork and 



(led copy of the decree or 

 deafens rat i 



nr*nysJa*ntosMeo1 to all the 



n.| rom|n> 

 subject iind'-r r> .-liarter or act of incorpor.r 



.ti-s ,.f an. -y may at 



'nid against n.-and 1' 



-hall 

 make such purrha.<<er* and t! 



i liable for any debt* or claims or 



ration except all debts, 



or owtnc 



by the old company, which were contracted, accrued, 



lOli lyajrfl ' B '' \ ' ' n ' r .. A : 



,d their aMociatM shall relinqmish in vSSm 



OAOOBVOjl "!:. -'. . 



Secretary of the Intern r 



! before the art >heJ 

 effect) allcUim.rixi, 



l*ran' I Pacific Railroad C<. 



mbraced within both the granted and indent. 

 1 were adjacent to and eonteramiaooe 

 with the uncoit 

 6th day of. i 



\ r.W pnni&4 further. That in every com of fail- 

 th.- title to any UrxU conveyed or contracted 

 --id Atlantic and Pacific Bottrond 

 Company to any sesxi/eV sHtler and occvpant in a 

 tract of (MO arrW or lees, any and all rights of soch 

 purchaser or his assigns, in respect of sexh land, or 

 in re*p*rt of the failure of sach title, or in re- 

 nd Pacific 

 *d Company on any such contract, shall oir- 



MBjemanner as agminrt the Atlantic end Pacific 

 Kailro*d Company: and soch socnesnr coo 

 upon making compensation for each loss of anr title 

 or failurr to cnmplr with the eoodiiions of soch 

 i* shall be snbrogaled to 



:.' . 



for the purchase of lands shall ba pti 

 at the time of such foreclosure sale, snch new 

 pany shall, upon payoMOi to it of 



