Laws Passed by the Eighth Congress of the Republic of Texas. Page: 27
120, iii-vii p. ; 21 cm.View a full description of this book.
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27
See. 7. Be itfurtrher enacted, rhat after the whole amount
of said stock shall have been subscribed, it Shall be the duty
of the sail Commissioners, at the town of Matagorda, or any
two of' them, to call the first meeting of stock-holders, at said
town, which meeting the company shall be organized, and
officers elected, and by-laws e-tablished, and that thirty
days' notice of such meeting shall be given in some public
newspaper, printed in the Republic, and that immediately
after th, said books, forthe subscription of stock, shall have
been opened, for the said space of sixty days, it shall be the
duty of the Commissioners at Austin, Bastrop, Lagrange, and
Columbus, to transmit the books, the subscriptions and the
money received, to the Commissioners to the town of Matagorda.SEC. 8. Be it further enacted, That after the said corporate
body shall have rendered said river navigable, from its
mouth, where it puts into Matagorda Bay, up said river, to
Elliott's Ferry, with steam-boats, the said corporate body
shall have the right to charge and collect tolls on all vessels,
steam-boats, keel-boats, flat-boats, rafts, and freights, passing
up and down said river, provided, that none of the abovenamed
crafts shall be charged toll, unless they pass through
a place iow known as the raft on said river some fifteen or
twenty miles above where the said Colorado River enters
into Matagorda Bay.
SEC. 9. Be itfurther enacted, That at any time after thirty
years from and after the passage of this act, it shall be lawful
for the Republic of Texas to pay to said corpor-te body the
full amount of the expenses of clearing out the channel of said
river and constructing the said works, and of the damages
that may have been assessed, under the provisions of the
sixth section of this act, and upon said payment, the right of
said corporate body to charge toll shall cease and determine,
and this act shall become null and void.
SEC. 10. Be it farther enacted, That the company shall
have the right to regulate all tolls for the space of five years,
from and after the completement of said work, according to
the provisions of the eighth section of this act, and from and
after ihat time, it may be lawful for Congress to appoint two
commissioners to act, in conjunction with a like number of
commissioners, or directors, of said chartered company, who
shall proceed to assess the rate of toll, and if said commis
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Texas (Republic). Eighth Congress. Laws Passed by the Eighth Congress of the Republic of Texas., book, 1844; Houston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth45348/m1/27/: accessed May 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .