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mortgage or execute deeds of trust.

SEC. 2. Such union depot companies shall be Same, powers of authorized and empowered to locate, establish, construct, furnish, maintain, operatė, and enjoy union freight and passenger railway depots, at such points as may be determined

upon, with such tracks, sidetracks, turn-outs, switches, offices, and structures as may be deemed necessary; and shall have power to acquire, take and hold all real, personal and mixed property necessary or convenient for the execution of the powers herein granted and the accomplishment of the objects and purposes of this act.

Sec. 3. Every union depot company shall have Same, may power, and is hereby authorized to mortgage or execute deeds of trust of the whole or any part of its property and franchises, including all lands owned or to be acquired by said company to secure money borrowed by it for the construction and equipment of such union depots and appurtenances; and may issue its corporate bonds in sums of not less than May issue one thousand ($1,000) dollars, each secured by said mortgages or deeds of trust, payable to bearer or otherwise. And if payable to bearer, negotiable by delivery and bearing interest at a rate not to exceed seven per centum per annum and convertible into stock, or not as shall be expressed on the face of each and every bond, so issued ly said company, and may sell such bonds at such rates or prices as they may deem proper. And if said bonds shall be sold below the nominal or par value, they shall be binding upon said company, and no plea of usury shall be put in or allowed by said company upon any suit or proceedings upon the same.

bonds.

The prin

Purchaser under mortgage sale.

cipal and interest on said bonds, or either of them, may be made payable within or without the state; and such bonds may be issued to the amount deemed necessary by the board of directors of said company for the construction, and completion of said union depot and appurtenances.

SEC. 4. Any mortgage or deed of trust made upon the real or personal property of such union depot companies, shall bind and be a valid lien upon all the property mentioned in such deed or mortgage, and the purchaser, under foreclosure of said mortgage or deed of trust, shall have and enjoy all the rights of a purchaser on execution sale.

SEC. 5. Said mortgages or deeds of trust may, by their terms, include and cover not only the property of the companies making them at the time of their date, but property both real and personal, which may thereafter be acquired by them together with all the material and property necessary for the use and operation of said union depot, and shall be as valid and effectual as if the property were in possession, at the time of the execution thereof.

SEC. 6. This act shall take effect and be in force from and after its passage.

Approved April 4, 1887.

Property
acquired in
future may be
included
in a present
mortgage.

To take effect when.

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Be it enacted by the Legislature of the State of Ne

braska: SECTION 1. That all that portion of the State of

Boundaries of Arthur county.

Nebraska, commencing at the south-east corner of
township seventeen (17), north of range thirty-six
(36), west of the sixth principal meridian ; thence
north to the northeast corner of township twenty
(20), north of range thirty-six (36) west; thence
west along said township lines to the east line of
Cheyenne county, thence south along the east line
of Cheyenne county to the north line of Keith
county, thence east along the north line of Keith
county to the place of beginning, be and the same
shall constitute the county of Arthur.

SEC. 2. Whereas, An emergency exists therefor, Emergency this act shall take effect and be in force from and

clause.

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of

Be it enacted by the Legislature of the State of

Nebraska: SECTION 1. That all of that portion of the state Grant counte! of Nebraska commencing at the south-east corner of township twenty-one (21), north of range thirtysix (36), west of the sixth principal meridian, thence north on said range line to the north-east corner of township twenty-four (24), north of range thirty-six (36) west; thence west along the south boundary line of Cherry county, to the east county

line of Sheridan county; thence south along the east boundary line of Cheyenne county to the south line of township twenty-one (21), range forty (40) west; thence east along said township line to the place of beginning, be and the same shall constitute the county of Grant.

SEC. 2. Whereas an emergency exists therefor, this act shall be in force and shall take effect from and after its passage.

Approved March 31, 1887.

Emergency clause.

CHAPTER 23.

AN ACT to define the boundaries of McPherson county.

Boundaries of McPherson county.

Be it enacted by the Legislature of the State of Ne

braska: SECTION 1. That all that portion of the State of Nebraska commencing at the south-east corner of township seventeen (17), north of range thirty (30), west of the sixth principal meridian, thence north along the west boundary line of Logan county to north-east corner of township twenty (20), north of range thirty (30) west; thence west along said township line to the north-west corner of township (20), north of range thirty-five (35) west; thence south on said range line to the south-west corner of township seventeen (17), north of range thirty-five (35), west; thence east along the north boundary line of Lincoln county to the place of beginning, be and the same shall constitute the county of McPherson.

Emergency

SEC. 2. Whereas an emergency exists therefor, timur this act shall take effect and be in force from after

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ty defined.

Be it enacted by the Legislature of the State of Ne

braska. SECTION 1. That all of that portion of the State Boundaries of of Nebraska commencing at the south-east corner of township twenty-one (21), north of range twentysix (26), west of the sixth principal meridian, running thence north along the west line of Blaine county to the north-east corner of township twentyfour (24), north of range twenty-six (26), west; thence west along the south line of Cherry county) to the northwest corner of township twenty-four (24), north of range thirty (30), west; thence south along said range line, to the south-west corner of township twenty-one (21), north of range thirty (30), west; thence east along the north line of Logan county to the place of beginning, be and the same shall constitute the county of Thomas.

SEC. 2. Whereas, an emergency exists, there- Emergency fore this act shall take effect and be in force from and after its passage.

Approved March 31, 1887.

clause.

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