Litchfield enquirer., 1843-06-22
MOsSs6SeOaeSc EINiE Road UIHeet-
 ing.


 A SPECIAL MEETING of the Stockholders oi A the HOusatoRic Railroad Company will be hoI- den at ths City Court n tho City vi Bridgeport on Monday ihe 26th day Ot June inst at one o'clock M ior the purpose ot taking into consideration the provisions ot an act passed hy the Gele ral Assem- by Of this State at its recent sess.On, which is i substance as follows, to wlr
 An Act relating eO the Housatonc Rail Road Com
 Be it enacted by the Senate and House of Rcpre, sentatives, in General Assembly convened
 Sec. l. That the Ho0satopic Railroad Company be and Is hereby authoriz~d. fur the purpose of dis charging its liabilities, sell dispose of a any part Ot said surplus and forfeited stock, In such way aud at such ratcs and such terms, shall be de- teFnNned on by the stockholders of sand company at the Board of Directors Notice of which nee'ing. i signed by the Secretary, shall be given by pubica- ton thereof at least days inclusive before the day ot holdng such me. Ing in the newspapers psO- lished in Bridgeport and L.chisA Provided that no part oi said surplus and f'rfeted stock shall be sold ut less rate than fifty dollars share, and that the amount oi such sales shall be sufficient to re. deem the whole amount Oi notes oea-ssandng against said company, certified by ilAe commissioners on said road, and that the avails such sales shall be placed ID the hands Ot said commissioners, and be by then applied to the redempion US such certified paper, and provided further, that such sale shall be ,nade and completed on or before the frs. day o! September next.
 Sec. ?. And be it further enacted: That the pur. chasers of much of said surplus and forfeited stock, as sil:l be sold in pursuance this act shalt be en- tied to dividend ot three and halt per cent annu- ally, payable m semi:.iannual dividends, out of the earrings of said road before any dividend shall be declared paid to the other stock holders ot said
 Sec. 3: Be it further enacted; sha. in case said stock of said company Is not disposed ot prior to said first day of September, hereinbefore pro- vlded and said company shall at that time. have redeemed the entire amount of certified paper, issu. ed by sad company, or provided for the same to the satisfaction of the stock holders thereof, it shall be the duty ofthe commissioners of said road sell for the cash, on or before the first day Of December next the whole of the property vested in them for the redemption of said certified paper, or much thereof as shall be necessary to redeem the same agreeable the provisions 0f the acts force. relating to said iIousa,onic railroad company and shall forthwith apply she avas to the redemption of said paper.
 Sec. 4. And be it further enacted ,ha. in the event of sale ot the property of said company, any part thereof by the commissioners by virtue of the provision of the entitled, Ian act to aid in the instruction of the Housatonic railroad," and the act in addition thereto, the purchasers thereof 10 the provisions ot statute law ot this state, enti. tied Ian act relating to join, stock corporations, en. Mted to u the priveeges and subject to all the lia bilities specified in said act The capital stock of said company may consist Of any number of shares of hundred dollars each, h,not exceeding the capital stock Of the HOusatonic roilroad company.
 Sec 5. De it further @ enacted that so much of the said HOusaonic railroad company to issue notes pay able on demand, intended for circulation Htter, s- emit any bill of credit, or make. or endorse any bond. pron,sory writing or note, bill oi ex- change or order 10 be used general currency or medium of trade as in lieu of money, be and the same Is hereby repealed, and this act may any time be altered, amended repealed by the general asseM- bly,.
 And for the purpose of determining whether said company will sell og dispose of all or any part of the surplus forfeited stock belonging said compsHy, and 10 determine in what way, ut what rates. aud on what terms said stock shall be disposed of and to stock shall be deemed advisable by the stock hol ders when assembled.
 And also to take into consideration the subject of the companys indebtedness, and to adopt such inc su-es for the paging or otherwise arranging the as shall he deemed advisable.
 By order of the Board of Directors.
 IRA SHERMAN, Secretary.