Chapter 1182. To extend the time for the completion of the Valdez, Marshall Pass and Northern Railroad, and for other purposes
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CHAP. 1182.— An Act To extend the time for the completion of the Valdez, Marshall Pass and Northern Railroad, and for other purposes. February 21, 1907. [[S. 8283](/us/bill/59/s/8283).] [[Public, No. 105](/us/pl/59/105).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the time for the complianceAlaska.Valdez, Marshall Pass and Northern Railroad Company. of the Valdez, Marshall Pass and Northern Railroad Company with the provisions of sections four and live of chapter two hundred and ninety-five of the laws of the United States, entitled “An ActVol. 30. p. 410. extending the homestead laws and providing for the right of way for railroads in the district of Alaska, and for other purposes,” approved May fourteenth, eighteen hundred and ninety-eight, by locating and completing its railroad in Alaska, is hereby extended— First.
Said company shall have three years from the passage of thisTime extended for building road. Act within which to complete the first twenty miles of its railroad, by way of Keystone Canyon, Marshall Pass to Copper River, and from thence to Tanana River, and six years from the date of the passage of this Act within which to complete said railroad to the Tanana River, 916all to be within such rights as it possesses and not in any way affecting or contravening any vested rights of any other company or person or the rights of the Government, provided said company carry out the requirements of law.
Second. License exemption. Said company shall be exempt from license tax during the *Provisos.*Time.period of construction and for four years thereafter: *Provided*, That the total period of exemption shall not exceed ten years from the time Condition.of the passage of this Act: *And provided further*, That this exemption shall exist and operate only during the continuance of the construction of said road in good faith, and in the event of unnecessary delay and failure in the construction and completion of said road the exemption from taxation herein provided shall cease and said tax shall be collectible as to so much of said road as shall have been completed.
Third. Amendment. Congress reserves the right to alter, amend, or repeal this Act. Approved, February 21, 1907.