The Express.
London, England, 1850-09-13 00:00:00

EUROPEAN AND NOItIII AMERICAN

RAILWAY.

We lately presented our readers with extracts from
the New Brunswick and Nova B:otie papers, illustrative of
the interest taken by those previnces in the above under-
taking. The following article from the Courser (St. Jobs
N.B ), contains the most recent information respecting the
progren of the enterprise :
" We have Teel iTtd a copy of 'an Aet to Incorporate the
European and North Americas Railway Company,' lately
paned by the legielatsre of the State of Maine. An appro-
priation has also been made (.4 the survey of a line from
Bangor to the boundary of the state, to on et the line now
being surveys d by Mr. Wilk hnon i, om St. J.:ln towards Calais.
"We are glad to and, on looking in o the act, that its
general provisions are liberal, and so guarded as to snare sub-
'critters from being liable for more than the amount
suberibtd, and foreign capitalists from any counter-
action on the part of the legislature,— Seeti.en 17
providing, that while' the legislature shell at all timee have
the right to inquire into the dotage of the corporation, and
into the manner is which the privileges and franckises
hereby granted may have been used, and to correct and pre-
vent all abuses of the same," it shall not impose any other
or further duties, Ilabiliti• 2, or obligati ma, ant this charter
shall not be reeked, annulled, altered, limit, d, or entrained,
without the consent of the oorpotation, except by due process
of law.' The 16th section also provides, that at the annual
meeting for the election of directors (no place of meeting
being named), ' the directors shall be chosen by ballot, each
stockholder, by himself or proxy, being entitl.d to se many
votes so he holds shares.' . .

Ti; 7Dth eretba peovidi. that if mid provinces, or either
of this, @hall, is any legal army sad manner, constitute this
company a company within its limits and jurisdiction, this
company is hereby authorised and empowered to exercise
within said limits and juriadittion of such province, all the
eigh!■ and power, anti shall have and enjoy all the privileges
and inummitios which it could have, exercise, or espy within
this state.'

" We publish below the heading of the stock subscription
list for the Goatemplated railway, in order that parties may
see the terms 04 which they an to quested to take shares in
the undertaking. Oar readers will perceive that the execu-
tive coansitron have limited the time of pa)ing the amount
subscribed for from in to three years, as it is expected that
the rsilwsy will be In operation by that period :
Whereas at s conventi ninety told at Portland, is the
state of Maine, for the purpose of devising meats to ensue
the construction of • relived to extend from ruined afore-
said in • condense land rout* through the province of New
Brunswick. to a suitable point or terminus, ea the eastern
coast of the pennon of Nova Bootie, and to be called " The
European and North American Railroad, Jolla A. Poor,
Eog of Portland ; the Hoe. Anson 0. Chandler, of Calais;
the Hon. Elijah D. Haralle, of Seeger; the Hoe. James B.
Unlocks, of Halifax ; Robert B. Dickey, B q.. of Amherst;
Robert Jardine, Isq., of Bt. John; and George tionford,
Bog., of Frederietea, were appointed as o anodes commit-
tee to carry out the object of said narration, sod to
obtain a charter, noncurrent
,elinters, from the legislatures
' of Kane, New Bralowiek, and Nov. Scotia, to incorporate
a cempaay, or eosannies, for that purples."'
"Now, la roonsideratioe that the said committee do take
spew themselves the aforesaid duty, and procure, as afore-
said, a charter, or concurrent charters, we, the sabseribors,
do promise and ogres, each one for himself, with the said
'committee, that so nee es the said chant'', or concurrent
charters, is, or ere enabled, to subscribe for, take, and pay
up,
or one
oaOrtall4fstoce of them, la such
to the °°
tbe""numbeai°a o
number of shares w
sorf"818
o 1001.•
lace each, en opposite our respective names fa this book, the
same to be poll is such manner as the directors, to be ap
pointed by the shareholders, may circa, provided the amount
to be welled for Is any our year shall not exceed on third
put of the amount subscribed; provided also, that no person
be liable, is any way, for more than the amount of his iodi
virtual sabseription.
" And we abo farther agree each for himself, to pay to the
' said exesutlore committee, or some owe of dues, at the time
of our subscribing %hie book, the sum of ens per cent. upon
the amouet of stook so agreed to be taken by us, to meet any
preliminary or other expenses that may be denied neemsary
by the committee, in obtaining the due Incorporation of the
said company, or companim, and o:herwle• forwarding the
object of the coamatios."