P"ymffii JPL Vjft The Commoner gBPTBMBBD. 1919 - i- 0 ,.ii- lift shall ..be sentenced to im- ,fte conviouuu, - t til he 8haU have Iprlsonment xor and i&& h(mBeV o BUch obeyed the ore J p6rs0n -holding the inquiry . contempt i ana evidence on oath, and iha have POW, .... rtfl.a ifort ; Tb pobli jpeci; ; Th poar ; nnrl to the owners where there is lack of be paia w .. nntiml exlflttne invost- Ye PQ - r .. fnouSefl of inquiries may bo given and publisbc ' special c That i rtpard"- omnnnt of comnensation to Ol. mo " "--.. Tnai "" ...i.n-n iirtt.li such ireneral or JH attui uiv 1 , cctions as tne cna a Appraisement B assessment of any Prr.Mnnn as the chairman may give. - 'special tii ,, Board may reauire a TnaL ' ooDccment of any eloment in the de- ecord evidence as to the actual existing lnvcst rec t onnh separate "assessment the Appraise- Zt Board shall cause estimatea to be made of SI actual existing investment by, comparison of !!p cost of reproduction new of the properties Inder Investigation with the cost of reproduction ips depreciation and the estimated original costs. l;LJ in riato. This, with tho intent to- ascer- aln how much the owners have actually con futed in money or its equivalent to the public service; subject, however, to the legal limita tions imposed by law upon the rights, powers, authorities, interests, and privileges accorded in and acquired under the charters of the corpora tion owners and the grants to individual owners. Section 8. That any capital sum payable under an agreement or award made by said Appraise ment Board to said owner, or-unuer any nnai judicial review of such award, or for new exten sions and capital improvements directed to be made by such Appraisement Board, shall be dis charged in whole or in part by cash payments, or, if the secretary of the treasury so direct and said owners shall so agree, by the issuance to such owners of bonds as hereinafter provided of a par value not exceeding in amount the total amount of such agreement awarded by the Ap praisement Board or by judicial determination. Section 9. That for the purposes of p:ing such amount of compensation so determined, the secretary of the treasury, with the approval of the President of the United States, is hereby authorized, from tL e to time as required, to issue bonds in such form and subject to such' terms of issue, conversion, redemption, matur ities, payment, and rate and time of payment of interest as the secretary of the tfeeasury may prescribe. The principal and interest thereof shall be payable in the United-States gild'cpin t of the present standard of value; but such bonds"' shall not bear the circulation privilege. That there is hereby created in the treasury ' of the United States a cumulative sinking fund for the retirement of all bonds issued and out standing under this act. Said, sinking fund and all additions thereto are hereby appropriated for the payment of such bonds at maturity by the secretary of the treasury at such prices and upon such terms and conditions as may be prescribed fa said bonds. Said. sinking fund shall exist un til all such bonds are retired. There is hereby appropriated out of the operat ing revenues of the National Railways Operation Corporation, to be paid to the treasurer of the United States, the sums provided for in para graph (c), section 2, Article III of this act, or out of any money in the treasury not otherwise appropriated, an amount equal to 1 per centum Per annum upon the aggregate amount of bonds outstanding on July 1st of each year: Provided, inat the amount of the annual payment into rocn sinking fund shall in no year be diminished nut f i.o the retirement of bonds previously Ri.i ?? B The secretary of tho treasury shall, ill . consress at the beginning, p each reg ular session a separate annual report of the iac- !n this secUon1!1111 7 the autity contairied. Section 10. That, the Appraisement Boaifd Ei prove and tl10 federal government shall lnrtiVfli w e,xtensions and capital improvements, supTi r S. le constructlon of railroads along QnArnH r,0T routes as tie National Railways uraung Corporation shall designate and locate, inw l'Ieu pessary branch lines, feedings, sid- 'u&a, SWItCllinrra rA ..-. .1 .. ....i. Or nthar 1 ' u. djjuio, ttuu may jjuiuuuou tion 011 ,e ac(luire by contract or condemna tion all real nrwi nhi A Carrvlno- . I 7. i,D1DUimi iiiupeity uouesau furtC : x BurPoses of this act: Pro c1r .: nat tne Appraisement Board shall carrviiH and Persnal property necessary, to .... .inB OUt the niirtinaoa nt fhlo of "DiwirfrlAfl else thL e APPraisement Board shall exer- Pron7tlDOWer of eminent domain in acquiring dared 8UCh e' whIch use is hereby de in the nS!fa puDlIotUBe y PrpRer proceedings the feflfimi ' ;"zl . OL :iu'n"i maies, or now m 1 inri .ir8' inaccoidante ggttb. tne iawts ent Bo&inv.atii?in' forcehafee, Appre oard snall acquire rights toU way, terminal grounds, and all other rights; that It shall pur- ? ,r ?-hervfiBf ac(lire a necessary equip ment for the construction and operation of such now extensions and capital improvements, and shall provide for the construction of telegraph and telephone lines which the board of directors of the National Railways Operating Corporation may doom to bo necessary or convenient in tho construction and Operation of tho railways of tho United States and its possessions; and tho Ap praisement Board shall provido for tho construc tion and extension of light railways or less than standard-guage railways, bridges, ferries, har bors, docks or piers, canals, or inland navigation facilities, which it may deem necessary, and shall classify railroads in such manner as the board .of directors shall deem fit. That it is the intent and purpose of congress, through this act, to authorize tho Appraisement Board, and it is hereby fully authorized and empowered through such ofilcors, agents, or agencies as it may appoint or employ, to do all necessary acts and things in addition to thoso specially authorized in this act to enable it to accomplish the purposes and objects of this act. That the Appraisement Board is authorized, with the approval of the President of the Unltod States, to'withdraw, locate, and dispose of, under such rules and regulations as it nfay prescribe, such area or areas of tho public domain along the line or lines of proposed new railroads for townsite purposes as it may from time to time designate. Section 10. That terminal and station grounds and rights of way through the lands of tho United States and "its possessions are hereby granted for the construction of railroads and telegraph and telephone lines anuthorizod by this act; and in'all patents for lands thereafter taken up or entered on, located in the lands of the United States and its possessions, tbere shall be expressed that there is reserved to the United States a right of way for the construction of rail roads and telegraph and telephone linos to such extent on either side of tho center lino of any such road and on either side of the center lino of any vsuch telegraph or telephone lines as tho Appraisement Board may deem necessary or ad visable; and the Appraisement Board may, in such manner as it deems advisable, -mako reser vation of such lands as are or may be uooful for furnishing materials for construction and for stations, terminals, docks, and for such other purposes in connection with tho construction and operation of such railroad lines as it may deem necessary and desirable. That it is hereby declared that the extension of railroad lines in new territory shall be net only by the expenditure of capital funds by tho . United States but also by the excerciso of the power of taxation imposed by local authority upon the territory benefited, whereby such ter ritory shall contribute its portion of the cost of the extensions approximately commensurate with the increase in value which the land within that territory may realize by reason of the building of such extension. That if a certain region or localit desires an extension of railway facilities and organizes under local or regional special assessment laws, nroviding by local taxation for the cost of con Ktion of the lines desired, tho obligation on ?he part of the United States to build such exten sion shall be deemed by the Appraisement Board to be imperative. That if a certain region or locality will organ ize itself under regional or local special . assess ment laws, and, having so organized, will assume that nart of the cost of the construction and inninment of the new extension which may bo equipment or tne n AppraIsement Board, apportioned to it by tne pi as and 71 ISid to "t Dy the Appraisement Board, may ?SJ dLeotBloh extension by the United lctReTshaTlne of costs shall bo deeded" y ? Appraisement Board to be im perative. Appraisement Board shall That whenever the app welfare to build deem it Wll which would re- r eiic01orthofseCO bSf the extension is ma&G- ,L , , nlnrnA that any expenditure made ThaJ Ifc Sn ou -o ? funds Provided by taxation for extension out of nnorPBnall any payments ?ay Sin or improvements made out or properties of iarraiaS. '"iScqulfihg- the; ral iway JP"7 - thnif'fetateand $r-posu.. . -- for oper,a ,. government shall acquire comploto ownership In thoso properties and shall financo their acquisi tion., as herein provided, by capital cxpondlturejri covering all construction and cquipmont, andfra- eluding in such financing tho requisite ambunfc A of capital required as working capital a tho same may from time to timo bo determined by tho Appraisement Board. Section 13. That tho Appraisement Board shall mako to tho President annually, and at such othor periods as may bo required by tho President or by either Iioumq of congress, full and comploto reports of all Its acts and doings and of all moneys received and oxpomlod in tho construc tion of new extensions and capital ImprovemontH and in tho porformanco of tnoir duties In con nection therewith. Tho annual reports heroin providod for shall bo, by tho President, trans mitted to congress. That any government omployoo or ofllolal, any member of the Appraisement Board or em ployees of such board, any director, ofllcial em ployee, or classified employoo of tho corporation who shall receive any consideration or banont, cither directly or indirootly, in oxcoss of his wagos or'romunoration authorized by this act, out of tho operation of said railways or for any railway undertaking, or by any form of Induce ment that could influonco official action, shall upon conviction thereof be subject to a penalty of ten times tho value of tho consideration so recoived and to imprisonment for a term of ono to twenty years, tho extent (ft tho lattor penalty to bo imposed by tho jury. ARTICLE II Soction 1. That tho National Railways Operat ing Corporation (referred to heroin as the. cor poration) is hereby created and constituted as a body corporate and politic indoed, action, and name. Tho board of directors, official employees, and classified employees, hereinafter described, shall be and constitute said corporation. Tho purpose of said corporation shall bo for publlo service and not for privato profit, and for leasing, maintaining, and operating for public uso as a single system all of the railway lines and trans portation property of tho United States and its possessions. That the corporation shall bo created for tho term of one hundred years. That said corporation may exercise nil of tho powers liorelnafter conferred, may own and hold all properties, rights, and privileges permitted by this charter, and In its name may sue and bo sued. That tho affairs of said, corporation shall bo administered by a board of directors of fiftoon members, which shall be selected inthe follow ing manner: Five of tho directors shall bo elected by the classified employees of tho rail way linos and properties of tho United States and its possessions below the grado of appointod officials; five of tho directors shall be olectod by tho official employees of said lines and prop erties; and five, of whom one shall be dehlgnated as chairman, shall be appointod by tho President of the United States, by and with the advice and consent of the senate; not more than three of said appointees shall belong to ono political party. That the members of each group of fivo direc tors shall be elected and appointed, respectively, for terms of two, four, six, eight, and ten years each, their terms thereafter overlapping and for ten years each. Tho elected directors shall bo subject to recall by their electors and the ap pointed directors to removal by tho President for inability or misconduct. Section 2. That the board of directors shall have power to create all of tho offices In said corporation by name or classification and to ap point all officials from chief executive down to the point where employment begins by classifica tion, or to authorize he,ads of departments cre ated by said board of directors to appoint their subordinates down to thVpoInt where employ ment begins by classification, and to prescribe the conditions of employment and classification of all other employees. That notwithstanding anything in this act, any society of workers, all or some of whose members are wholly or partly employees on the railway lines or properties of the federal govern ment, or in any other manner employed by the corporation, or otherwise under this act, may bo registered or constitute themselves or be a trade-union, and may do anything individually or in combination which the members of a trade union may lawully do: Provided further, . bat notwithstanding any act, order, or regulajionp the contrary, It shall be lawful for aayperspu 4 M .rtl Vj 4 i 3 m vz i ivii m i'ii r fl kj zmt m Si n i'iitefcPM &fe&..i.