Page:United States Statutes at Large Volume 25.djvu/237

FlFTlETH CONGRE55. enss. I. Ch. 419. 1888. 19] `Sec. 2. That said railway company shall, on or before the fifteenth Remuof January of each year, make a report to Congress of the names of all the stockholders therein and the amount of stock held by each, together with a detailed statement of the receipts and expenditures, from whatever source and on whatever account, for the preceding year ending December the thirty-first, which report shall be veriiied by affidavit of the president and secretary of said company and if said report is not made at the time specified. or within ten days thereafter. it shall be the duty of the Commissioners to cause to be instituted judicial proceedings to forfeit this charter; and said company shall pay to the District of Columbia, in lieu of taxes T¤>=¤¤· upon personal property, including cars and motive power, each year four per centum ot its gross earnings, which amount shall be payable to the collector of taxes at the times and in the manner that other taxes are now due and payable, and subject to the same penalties on arrears ; and the franchise and property of said company, both real and personal, to a sufficient amount, may be seized and sold in satisfaction thereof, as now provided by law for the sale of other property for taxes ; and said per centum of its gross earnings shall be in lieu of all other assessments of personal taxes upon its property. used solely and exclusively in the operation and management of said railway. Its real estate shall be taxed as other real estate in the District : Provided, That its tracks shall not be taxed as mlgohot rw 8- rea estate. mg Sec. That the said railway shall be laid in the center of the L¤ri¤z<>f¤¤wkavenue and streets as near as ma be, to be constructed of good materials, and in a substantial and drurable manner, with the rails of the most approved attern, all to be approved by the Commissioners of the District, laidp upon an even surface with the pavement of the street and in such manner as to interfere with the ordinary travel as littlelas péacticable; and the gauge to correspond with that of other cit rai ro s. gmc. 4. That the said corporation shall, at its own expense, keep said mgfgsaim *<> P¤*’° tracks within the city limits, and for the space of two feet beyond ` the outer rails thereof, and also the space between the rails and tracks, at all times well paved and in good repair, to be approved by the Commissioners of the District; and beyond the limits of said city shall keeip its tracks, and for the space of two feet beyond the outer rails thereo , and also the space between the rails and tracks, well graded or paved, and in good repair, so as to impede the general travel as little as ossible. P Sec. 5. In the event of a change of grade at any time of any of the (`harms creme. streets, avenues, or roads occupied by the track of this corporation, it shall be the duty of said company, at its own expense, to change its said railroad so as to conform to such grade as may have been thus established. Sec. 6. That it shall be lawful for said corporation, its successors or €‘¤¤$¤·¤¢¤¤¤- assigns, with the approval of the Commissioners of the District of Columbia, to make al needful and convenient trenches and excavations and sewer connections in any of said streets or places where said co1·- poration may have the right to construct and operate its road, and place in such trenches and excavations all needful and convenient devices and machinery for o erating said railroad in the manner and by the means aforesaid; and) said sewer connections shall have such traps or other devices as may be required by the Commissioners of the District. It shall also be lawful for said corporation, its successors or assigns, to erect and maintain, at such convenient and suitable points along its lines as may seem most desirable to the board of directors of the said corporation, and subject to the approval of the Commissioners of the District, an engine-house or houses, boiler-house or houses. and all other buildings necessary for the successful operations of an electric or cable motor railroad.