New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-06-14
ltCWTIIVl NUuI % " VaUII
JOEL w. WHITE, President
COMMONWEALTH OF MAssAcHusEr

COMMONWEALTH OF MAssAcHusErTs,{
Ia the year one thousand eight hundred and nifty.
AN ACT incresie the Capital Stock Of the Norwich and
Bet enGefeS Jp he Senate and House Of Representatives.
IN General Court assembled and by authority Of The same,
sScTIoSl The Norwich and Worcester Railroad Com.
pSny hereby authorized 10 increase ne Capital Stock OF
said Company by The addition OF four thousand two hun
oed and any shares each share to be Of the par value OF
one hundred dollRIs.
SEC For the purpose OF carrying into es, hs prOy
soLs Of this the Directors OF sad Company are hereby
authorized and empowered TO issue said four thousand
hundred and fly shares OF new STOCK ana me pre-
sent holders Of said Company may subscribe for sad
new STOCK II ne proportion OF one slae iOs Ssefy !Pu
for tUcb stock In such manner az be Board OF DG
ors Of g Company shall direct 81 1ne June OF
and also delivering up their certificates OF Oh soek ana
receiving In lieu OF every four shares OF old tIock aad
share Of stock certificate OF five shares OF preferred
Of such stock taken by each gockholder shall be
required 10 be paid Ia by him within one year after the &C
cepsnee OF this Act by he sockhodeTs IS provided me
seventh section
SEC s No portion OF said stock issued under the prov
Rons Of this Act shall be sIued less than s par value
she lime ard manner OF issuing Il shall be determined BY
The DifeesH OF said Company, who shall annually make
report OF elr proceedings 70 The legislature o! this State
SEC The said stock In the certificates Issued therefor
shall be called Preferred scck and whenever the four
thousand shares Of the Capital Soct Of said Corporation
held by the Commonwealth collateral security shall be
transferred by the Commonwealth or ifsaed BY said Cor
porson iheD and In either Of tad cases, the said four
housard shares many OF them be transferred
ifGued shall ssard the same footing and be entitled
the ebenes and Advantage In all respects - said pre-
hcfzed and empowered TO declare and pay semi annual
dividends out OF the net earnings OF tsd Company rot
ceedng per cent per such preferred stock
and dividends shall hereafter be declared and paid npon
any other stock Of said Company, now in tbs hands OF
stoekhoderL except The be paid out Of the net
Plus earnings Of said Company aer the payment Of The div
idsnos on said preferred stock.
oeS D. When amer The payment OF the dividends upon
a preferred stock out OF tbs net earnings Of said Com
nete thA be surplus aiming thsre shall be paid
A ~ soeh surplus temt annual diydepds exceeding
III een' per tnn1n all the old stock Of said Com
neo NE stockholders, and remaining unsurren-
S arc mere remain any surplus OF said net earn
la oer he payment u all the dividends Aforesaid tae
~ 81 De equally divided among the s.ochasders
and share alike ~" ~41 O'1' 'uAio
sEe The Acipa.sed by the Legislature April 8 ls,a
and approved BY he Governor April "a lsts en,i,I.d An
Act 70 increase he Capital Sleek Of hs Norwch ard
| worcester hAlroed Company" shall be ana the ssma
hereby 10 repealed wheneyer this present Act A seord
tnoe with is provisions, shall 20 into eject ~
SIC T. This Act sha eject until the ANN. !.
been passed by the General Assembly Of the AZ IN c.,
peccnt and sccer ted BY avce Of twOhifds OF he
represented al sIoekholders meeting specially convened
| FOR that purpose
SIZE Tia Act may be altered amended or repe,sd :.
the pleasure Of the LegtslAtuTe
r- The Legislature Of the State OF Connecticut si n,
May session ls also passed Act in Conformity % liz
| above Act. Jslf tds