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CHAPTER 65.

Board of railroad commissioners.

Duties of commissioners.

AN ACT to provide a board of railroad commissioners, to define their duties and to provide for their salaries.

Be it enacted by the Legislature of the State of
Nebraska.

SECTION 1. The attorney general, secretary of state, and auditor of public accounts shall constitute a board of railroad commissioners, each of whom shall have power to appoint one secretary to assist the board in the performance of their duties as such commissioners. The secretaries shall be selected respectively from the first, second, and third congressional districts, and they shall be paid each a salary of $2,000 per annum. The secretaries of the board shall take the oath of office prescribed for state officers, and shall each enter into bonds to be approved by the governor, in the sum of ten thousand dollars, conditioned for the faithful performance of their duties.

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SEC. 2. Said commissioners shall have the general supervision of all railroads operated by steam in this state, and shall inquire into any neglect or violation of the laws of this state, by any railroad corporation doing business therein, or by the officers, agents or employes thereof; and shall also from time to time carefully examine and inspect the condition of each road in the state and equipments and the manner of its conduct and management

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with reference to the public safety, interest and conveniences. Whenever in the opinion of the railroad commissioners it shall appear that any railroad corporation fails in any respect or particular to comply with the terms of its charter, or the laws of this state, or whenever in their judgment any repairs are necessary upon its road, or any addition to its rolling stock, or any addition or change of its station houses or stations, or any change in mode of operating its road or conducting its. business is reasonable and expedient in order to promote the security, convenience and accommodation of the public, said railroad commissioners shall inform said railroad corporation of the improvements and changes which they adjudge to be proper, by notice in writing, to be served by leaving a copy thereof properly certified, with any station agent, treasurer, superintendent or director of said corporation, and a report of such proceedings shall be included in the annual report of the commissioners to the governor, who shall transmit the same to the legislature. Nothing in this section shall be construed as relieving any railroad corporation from its present responsibilities or liabilities for damage to person or property.

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SEC. 3. Said railroad commissioners shall on Annual report or before the first Monday of December of ers. each year make a report to the governor of their doings for the preceding fiscal year, ending June 30, containing such facts, statements and explanations as will disclose the actual

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working of the system of railroad transportation in this state and its relation to the general business of the citizens of the state, and such suggestions and recommendations in respect thereto as may to them seem appropriate. Said report shall also contain as to every railroad corporation doing business in this state. First. The amount of capital stock.

Second. The amount of preferred stock, if any, and the condition of its preferment. Third. The amount of stock paid in.

Fourth.

The amount of its funded debt and

the rate of interest.

Fifth. The amount of its floating debt. Sixth. The cost and present cash value of its road and equipment, including permanent way buildings, round houses, machine and repair shops, rolling stock, all real estate used exclusively in operating the road and all fixtures and conveniencies for transacting its business.

Sventh. The estimated value of all other property owned by such corporation, with a schedule of the same, not including lands granted in aid of its construction.

Eighth. The length of single main track. Ninth. The length of double main track. Tenth. The number of acres originally granted in aid of construction of its road by the United States or this state.

Eleventh. The number of acres of such land remaining unsold.

Twelfth. Its monthly gross earnings for transportation of local passengers for the same time. Thirteenth. Its monthly gross earnings for

transportation of freight originating in or consigned to Nebraska, for the same time.

Fourteenth. Its monthly gross earnings from all other sources in the state.

Fifteenth. The amount of the expense incurred in running and management of passenger trains during the same time.

Sixteenth. The amount of expense incurred in running and management of freight trains during the same time; also the amount of expense incurred in the running and management of mixed trains during the same time.

Seventeenth. All other expense incurred in the running of the road during the same time. Eighteenth. The amount expended for motive power, cars, station houses and fixtures.

Nineteenth. Such other statistics of the road, and of its transportation business for the year as may, in the judgment of the commissioners, be necessary and proper for the information of the legislature, or as may be required by the governor. Such report shall exhibit and refer to the condition of such corporation on the first day of July of cach year, and the details of its transportation business transacted during the year ending June 30.

Board and rail

panies.

SEC. 4. The board shall enter upon the dis- Duties of charge of its duties within ten days after this way comact becomes a law and shall hold its sessions in the capitol at Lincoln, or at such other place as duty shall require, and by the most thorough investigation and closest application inform itself respecting the general business of railroading, the cost of the construction of railroads, the

present value thereof, the cost of operating them, and all of the minutia of the profits and losses of the business; and every railroad company incorporated or doing business in this state, or which shall hereafter become incorporated or do business under any general or special law of this state, shall on or before the first day of September, in the year of our Lord one thousand eight hundred and eighty-five, and on or before the same day in each year thereafter, make and transmit to the board created by virtue of this act, at their office in Lincoln, a full and true statement under oath of the proper officers of said corporation, of the affairs of their said corporation, as the same existed on the first of the preceding July, specifying:

First. The amount of capital stock subscribed.

Second. The amount of stock paid in.

Third. The amount of its assets and liabllities.

Fourth. The names and place of residence of its officers.

Fifth. The amount of funded debt.

Sixth. The amount of floating debt.

Şeventh. The estimated value of each road bed, including iron and bridges.

Eighth. The estimated value of rolling stock. Ninth. The estimated value of of stations, buildings, and fixtures.

Tenth. The estimated value of other property.

Eleventh. The length of single main track. Twelfth. The length of double main track.

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