Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1848-12-29
An Act to Incorporate the Vermont
Valley Railroad Company.


fihe State Of Termont, as foiiotcs
SECTION |. Such persons MS shall hereafter
become Stockholders Of said Company, are
constituted a body corporate, by the name of
the Vermont Valley Rail Road Company, for
the purpose and with the right of constructing
q Rail Road with single or double track, from
the Depot of the Bratileboro and Fhchburg
Rail Road at Brattlcboro, thence up the Valley
Of the Connecticut river, to a point at Bellows
Falls convenient TO connect with the Rutland
aud Burlington Rail Road and with the Sulli-
van Rail Road, and in case the Sullivan Rail
Road Company shall decline such connection
or refuse or neglect to carry the same into eff
feet, then said company may -; - their rond
to the town of Windsor, 80 rs 10 form a con-
ncclion with the Central Rail Road at that
place, and shall hive all the rights. powers and
privileges, and be subject 10 oil the liabilities
imposed by this act on said company in laying
out and constructing said road from Bratteboro
10 Bellows Falls TO carry persons and prop
cry upon the same, By the power of steam or
otherwise, and by that name may sue aud be
sued, have seal, aud shall have all the rights
incident TO corporations.
SEC. ,. Llrkin G. Mead, John Kimball, Ell
lcry Albee, John May, William Henry, Asa
Wentworth, Jr, William +. Hall, james II.
Williams and Joseph Goodhue, shall be COM
missoners, who shall within six months from
the passage of this act, open hooks for recev-
ing subscriptions to the capital stock Of said
corporation, at some convenient place in Brat
tleboro, Putney, Bellows Falls, and Windsor,
and at such other places as they shall deem
proper, giving ten days notice thereof, in two
newspapers printed in the County of Wind
ham, and one in the County of Windsor
They shall call all meetings of said corporation
necessary for the due organization of the same,
and as the capital stock, or two hun
dred thousand dollars of the same, shall have
been subscribed, under such regulation as said
Commissioners may adopt, they shall call n
meeting of the stockholders TO choose seven
Directors of said company, giving notice there
of as aforesaid. Said directors shall he chosen
by such stockholders as shall attend in person
or by proxy, each stakeholder having rs many
votes as he holds shares and said Commits
sioners shall he inspectors of the first election
of Directors, certify the names of those elected,
deliver the books Of transcription 10 such Direc-
tors and determine the time and place Of hold
ing the first meeting of the Directors. A new
election of Directors shall bo made annually, al
such time and place us the board of Directors
shall appoint, giving ten days notice thereof in
some newspaper printed in the County OF Wind
ham or Windsor Said Directors may appoint
an Engineer or Engineers, and cause such ex-
aminaiions and surveys of The line of sail road
as they may deem necessary, and after such
examinations aud surveys are made, they shall
by certificates under their hands and seuls, de
sipnate the line or route which said Raj
Road shall be made, and shall cause tile SAINT
10 he recorded 10 the several Town Clerks
Offices in the towns through which said roat
shall pnss. Said company nIay make any al
terations in the route of said road they ma.
deem necessary or expedent, always causing
such alterations 10 lie recorded in the Tow
Clerks Offices in the towns Where such aliera
tinua shall he made. n
SEC. 3. As soon MS may be after their cleo
ton, aud annually thereafter, the directors sha
chouse from their own number, President
who shall preside at oil meetings of the boar
of Directors and in case of The resignation q
death of the President, or any Director, the va
caucy may he filled, until the next annual cleo
tion. nv The hoard of Directors; and in the oil
sence Of the President, the hoard of Director
NAV appoint one OF their number PresideI
pro tempore Should said Company fail to ele'
Directors on any day required 10y their by-law
such election may be made at any time sal
board of Directors may appoint, provided II !
within sixty days of the time required by Il
bylaws of said Corporation. Four Dlrecto
shall form board competent TO transact 1
The business Of the Company. They I'M
make such bylaws, rules, aud regulations,
they may deem needful and proper for u
management and disposition of the stock, pro
erty and effects Of said company, the irnnsi
Of shares, the duties and conduct Of their oi
GERS, the election of Directors, and all 9th
matters pertaining TO the affairs Of said col
pony.
They may appoint Clerk and Treasure
who shall give bonds for the faithful dischnr
oftheir duties; as many servants as they lhl
best. and fix the salary Of every officer and 81
want of said company.
SEC. A. The capital stock of said conpa
shall be five hundred thousand dollars, viii
may be increased to such an amount as may
required TO complete said road, and furnish
necessary buildings road furniture, and oil
appurtenances, neediul or convenient for /
use of said road, and said capital stock shall
divided into shares Of one hundred doll
each.
Sgo. s. If said corporation shall not will
eighteen months from The passage OF this 1
commence the construction of said road o
expend at least one hundred thousand doll
thereon, and shall not within two years aud
half from the passage Of this act, complete
construction ofsaid road, from the southern
minus thereof 10 the village of Bellows Fa
and within four years from the passage OF
act shall not complete the said road through
the entire line thereof, then the rights
powers granted by this act shall cease, for 81
portion OF said route Us shall not Then be &C
pleied.
SEc. 6. Said company mny by their el
neers or agents enter upon the route to be
signated as aforesaid as the line or route u
which 10 make said road, and take posses
of and use all such land and real estate as
be necessary for the construction and COM
lent maintenance of said road, aud the acc
modaIon requisite for the same, and may
such and 10y purchase or donation. II
company shall enter upon aud use any Ian
real estate, not SO purchased or given,
Judges Of the County Court OF the Count
which snch land or reul estate lies, shall lie
the making of any portion of said road Ihcr
appoint ihree disinieresied commissioner
determine the damages which tie ownt
such la,ld or real estate may have SUBSTANCES
may thereafter sustain by reason Of such o
puncy and said commissioners shall henr
claim iDr damages, giving the parties due
lice ofthe time and place OF hearing, and
deliver to said company written siatelne
their award in the premises, with descril
Of The land by Them appraised, which sha
recorded within sixty days, IN the office 0i
Town Clerk Of the town in which sncb
or real estate lies and upon the paymel
such damages with the costs Of such appr