Chapter 155. To extend the time for the completion of the Alaska Anthracite Railroad Company, and for other purposes
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CHAP. 155.— An Act To extend the time for the completion of the Alaska Anthracite Railroad Company, and for other purposes.April 17, 1926.[[H. R. 6573](/us/bill/69/hr/6573).][[Public, No. 132](/us/pl/69/132).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Alaska Anthracite Railroad Company.Time extended for locating, etc. That the time for the compliance of the Alaska Anthracite Railroad Company or its successors in interest or assigns with the provisions of sections 4 and Vol. 30, p. 410.5 of chapter 295 of the laws of the United States, entitled “An Act extending the homestead laws and providing for the right of way for railroads in the District of Alaska, and for other purposes,’’ approved May 14, 1898, by locating and completing its railroad in Alaska is hereby extended— First.
Limitation for construction.Said company, its successors and assigns, shall have two years from date of the passage of this Act wherein to file final and permanent map of its Canyon Creek branch, and three years from date of the passage of this Act wherein to complete the construction of its mam line of railroad and branches. Second. Exemption of tax during construction, etc.Said company, its successors and assigns, shall be exempt from license tax during the period of construction of the railroad. and for one year thereafter, provided 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 *Provisos*.Vested rights not impaired.Right to amend, etc.completed: *Provided*, That nothing herein contained shall be held or construed to affect any now vested rights of other parties: *And provided further*, That the Congress reserves the right to alter, amend, or repeal this act.
Approved, April 17, 1926.