The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1848-01-08
Approved Oct. 81, 1647.


An act regulating moneyed corporations
1t is hereby enacted, &c,
Sec /. All corporations created by the
LEGISLATURE of this State, whose charters con-
template the receiving or holding money on
dcposite, or the letting, loanirg or managing
money deposited, other than banks of dscount,
shall be taken and deemed to be moneyed cor
porations within the true intent and meaning
of this act.
Sec. 9. All moneyed corporations either
created or to be created hereafter in this state,
shall at their first meeting, of those now in cX.
istence, or at the first election of officers II
hereafter incorporated, elect Treasurer OF
said corporation, and still keep up the office OF
Treasurer in each such corporation ever after.
And it shall be the duty of such Treasurer in
each such corporation to receive all such mon
cy, as shall in any wise be deposited or put IN
trust of such moneyed corporation.
Sec g. Each Treasurer of any moneyed
corporation, before he enters upon the duties
ofhis Office, shall execute good and suiii-
cicnt bond, to the probate court of the district
in which such corporation is or may be located
with ample sureties, to the satisfaction OF the
said court in the sum of at least ten thousand
dollars; conditioned that such treasurer shall
well and faithfully execute the office OF treas
urcr of such corporation, and shall at all tunes
we'll and faithfully account for all the moneys
and other matters and things which shall come
into his hands and possession, by virtue OF his
said office; and shall well and faithfully per-
form all and singular the other duties and re-
quirements thereof, according to law.
Sec 4. All bonds required to be executed
by this act, shall be for the ecurty and bene-
fit of all persons interested in such corpora
tons, either as depositors or otherwise; and all
bonds taken TO the Probate court agreeably to
the provisions of this act, shall be prosecuted
in the county, for the benefit of those who may
be injured by the breach of their conditions, in
the manner now provided by law for the pros
.ccution of bonds taken to the Probate court;
and all of the provisions of chapter fifty six of
title twelve, of the Revised Statutes, entitled
"of Probate bonds, and the prosecution of
them, are hereby declared TO be applicable TO
the bonds required to be executed by this
act.
Approved November 6, 1s47.
An act in relation to boards of civil authority.
1t is hereby enacted &c.
That whenever it shall become necessary
TO have n meeting of the board of civil authorI-
-ty, Of any town in this state, for abatement OF
taxes or for any other purpose, the selectmen
of said town, or either ofthem, shall on appll-
cation, appoint and notify such meeting, which
notice shall be given personally to all the Sc
lectmen and justices ofthe peace OF such town,
previous to such meeting, or be posted up at
three more public places in such town, at
least five days previous to said meetings; and
the acts of a majority Of the board of civil au-
thority aforesaid, present at such meeting, shall
be as good and valid, though executed by
the whole of said board Of civil authority.
Approved Nov II, lS47.
An act for the prevention and punishment of
the wilfu and malicious obstruction of rail
roads.
1t is hereby enacted &c,
Sec. |. I any person shall wilfully and ma
licously, dsplace or remove any railway
SWITCH or rail, of any railroad, or shall break
down, rip up, injuro or destroy any railroad
track or railroad bridge, or any portion there
of, or place any obstruction whatever on any
such rail, or railroad track or bridge, with in
t,nt that any person property passing on
and over such railroad should be injured there
by, andthereby pu. in jeopardy human life,
every such person offending, shall be pun
ished by confinement to hard labor in the state
prison, for period not less than two years,ac-