Page "Central Pacific Railroad" Paragraph 9

Sec.

10 of the 1864 amending Pacific Railroad Act ( 13 Statutes at Large, 356 ) additionally authorized the company to issue its own " First Mortgage Bonds " in total amounts up to ( but not exceeding ) that of the bonds issued by the United States.

Such company-issued securities had priority over the original Government Bonds.

( Local and state governments also aided the financing, although the City and County of San Francisco did not do so willingly.

This materially slowed early construction efforts.

) Sec.

3 of the 1862 Act granted the railroads of public land for every mile laid, except where railroads ran through cities and crossed rivers.

This grant was apportioned in 5 sections on alternating sides of the railroad, with each section measuring by.

These grants were later doubled to per mile of grade by the 1864 Act.