Excerpt from The Texas Pacific Railway Co, Charter: Hearing Before the Committee on Interests and Foreign Commerce of the House of Representatives, Sixty-Seventh Congress, Fourth Session on H. R. 13476

Sec. 2. That said lines of railroad, including all branches and extensions heretofore constructed or acquired, or which may be constructed or acquired as aforesaid, shall be deemed and taken to be a part Of the Texas and Pacific Railway Company and of its line of road, and Of its prescribed route, for the purposes and within the meaning Of and subject to all the provisions and limitations Of the Act of Congress incorporating said company and Of the supplements thereto.

Sec. 3. That in addition to the powers conferred by section 2 of the act entitled An act supplementary to an act entitled 'an act to incorporate the Texas Pacific Railroad Company and to aid in the construction Of its roads, and for other purposes, ' approved March 3, 1871, approved May 2, 1872; the Texas and Pacific Railway Company shall have power and authority at any time, or from time to time, by resolution Of its board Of directors, duly adopted adopted at a meeting thereof held in accordance with its by-laws, and with the consent Of the holders of a majority in amount Of its then outstanding capital stock, expressed by vote in person or by proxy at a special meeting of said stockholders called for the purpose upon such notice as its by-laws require for the calling of such special meeting, to authorize an issue or issues of its bonds for the completion, equipment, maintenance, or repair of its lines of railroad, the funding Of any debt, the making of any additions, extensions, or betterments to its property, or for any other lawful corporate purpose, with out limitation in amount to per mile of its lines of railroad as pre scribed by said act of Congress approved May 2, 1872, and to secure said bonds. Or any of them, by mortgage or other lien upon all or any portion Of its franchises and property.

Sec. 4. That the capital stock Of the Texas and Pacific Railway Company heretofore fixed by its board of directors pursuant to the provisions Of said act of Congress approved March 3, 1871, at may be increased at any time, Or from time to time, by resolution Of its board Of directors, duly adopted at a meeting thereof held in accordance with its by-laws, and with the consent of the holders Of a majority in amount Of its then outstanding capital stock, expressed by vote in person or by proxy at a meeting of said stockholders called for the purpose upon such notice as its by-laws require for the calling Of such special meeting.

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