The New York herald., 1850-04-12

II Of the most important Of the session. and
k Of almost universal interest we give Its leading
features In the most condensed form
GENERAL RAiLsoAp Acr
Bee mot lees than IS can form q company
SSs 2 No articles Of association can be Hled until
least ne thousand dollars Of stock per mile of road
prePotsd TO te made, is subscribed and ten per cent
SEC = Relates to articles Of association.
Sc i-R.sulatins opening Of books Of subscription,
Sec s. Relates board Of direction method Of elee
tion eligibility, duties &c.
s,e. appointment Of President, Treasurer, and
Sc = Payments Of forfeiture of stock
See S-stock considered personal estate Shares not
been fully paid Not lawful for any company TO use
any Of IL funds In the purchase OF any stock In It's
or In any other corporation.
Sec s-Lb<rty to increase capital stock BY a vote Of
two-thirds Of the stockholders
Sec lC-Ench stoc kholder shall bs individually liable
to the creditors Of such company am cunt eq ual
to TIE amount unpaid the stock held by b im for
ell the debts and liabilities Of such pany until the
whole amount Of the capital stock so held BY him shall
have been paid to the company.
Fee. ll-No person holding such stock. executor,
sdmnittrator guardian trustee collateral So
ttookhoder Of such company; but the person pledg-
ire srch ,tock shall be considered liable.
See. l2-Resulatins the payment Of balances In de-
Sec. IS to 23-Regardng the right Of way and acquL
sion Of title Service of orders notices. and other
papers relating to real estate required for running the
Fr a, -. 80
has need
,,a;t kaIuing Va" crossing o' raAroed' nishwsy,
Sec 1s-GTant ng Of lands belonging to the people of
appraj,sl or nar.,mcnt ~ ' -
SEC Ain relation to title or interest In real estate
fer the purposes Of the road which may be vested
any rustee not authorized to sell or infant idiot or
n, ron 81 un,oupd mind -
See 27-No company 'hall put down. use in the
II 80 non nds 10 the lineal ward for turn onts
sdircs' and switches P' ~ '"' 'N"'
Sc ss-Eyery corporation formed under this act to
ms be nseestary for the selection OF route TO hold
such voluntary grants OF real estate and other pro-
pny .s shall be made TO but only for the purpose.
Oh s.en s1shs. 40 puacnase, no.a ana use al rear
etste and other property necessary Tor the construc
tion and maintenance OF It's railroad To lay out Its
ros not exceeding six rods wide. To borrow from
me 10 time such such sums Of money as may be ne
cts'sfy ior completing or operating their rahroad 70
h,u' and dnpose OF bonds to mortgage property and
ytrs nt m date
Sec T-h guiatpg tnc payment OF csnai soils,
wherever such railroad shall run parallel or nearly pa
rai 70 any s.ase cans. s,,n % s VI VI suo oanai.
nn,ovJ ~ n.ssao,,s ~ ta,n shs,i hsss @ no 30
- w shr sosr ,,n"n ,,.r hsn
vi \ ,bsi % II ind cs,e ,isr .aic. '"Ns'
See Sl-Every railroad corporation formed under
this act hall make an annual report to the state En-
ding on tie thirtieth day Of september which re-
port hl be verified BY the oaths Of the Treasurer or
mn .e.ng oapsr,n.srusn. NJ operas'on.,
~ 70 80 - - ~. "a a.. T ~ ~ - NJ ..,.hs- ~ s.ash -. 80
- yy.u 80 ''' N"' ~ " ~ ''--'
.no t""' s'~'e'
The amount OF capital as by charter the amount OF
port the total amount now OF capital aud stock paid
In the iuHdd deb BY last report the total amount,
row o. funded debt; the noatng debt as by last re,
art; tne amount, now, OF noating debt the totai
amount, now OF funded and noated debt; the average
rate psr snnum OF inttrest on funded debt, cost OF
rad and equipment; Tor graduation ana masonry ~
is,t rport; the total amount now expended for the
seInsi .ne i,r csidscs oy las. rspc sno sosa
a9- p.s WOW. Wy last rsrs,s tss
~ and sr,,sht stations bu,s ana sytur.s n, last
nsrt. total amount now expeu,ed for the same. Tor
engine and ca housos ma hine ,hops and marhincrv
a, d nxtures by last report: total amount now ex
sndsd for the same; for land. land DAMAGE. aud
fnees BY last report total amount now expended for
tbs ,a me: for locomotives and axtures AMI snov
rIeuehs by last report: total amount now Expended
for the nne for passenger and baggage cars by last
port; total amount now expended for the same; for
hsight cars as BY last report; total amount now
ndsd for the same for engineering aud agencies by
last port; total amount expended for the total
eos' OF rosa Aha equipment
Leneth Of road length Of road laid length Of double
traek including sdnrs length of branchss ow ned by
the &c pany laid length Of double track on the same
weight Of rsn by yard on main track: the numb,r of
houscs nj ,hop. of zine. and ears and their
character It shall also be the duty Of each corpora
tiou to tra to the state and
'naps proeies and drsvipss exhjbltius the eharae-
teristics Of their roads
n
N'''"' '" "A ~ - A'' iV'i- w
vu.. xrr -. ,..'a. s 'o si y. nv. -, - 4, ,-u,...
,,s,ns, ,Ss - ss -. - n, h.yy ~ g. a.
vs. 80 49, 49, ~ 80 80 ~ IN pas suss's =. s Wv - w ~ 80. 80
-, < i rar. num- ~, - ~ y vi n'voi w. ~. napssnrs
~ n,, - ,,ns 80 - " ~ =, ggh,sss,
a, a IN ..,.' r,..,. ~ ,."u ,, pas p. ~. ,a,a11 na.a
-, " - s..ihs -. ~, y, u'.s ,,. ,a',. y. ~ sai,t
~ ~ 80 ~ Nv ~ n,''s. nti " ~
60. "a 80 I'M, y. ~. - ~ .t ,.s.,1 ..
,;.r 81. ,y, o, sv.Iase rh,o az .p..a p, . ~
s Ia pnsse unin-, lneIualhs ssoPs, ",srs. ,ss
- ~ 'opsso ~ oruinary ps. ,s., s, ~
,.s ,s.sns ~ nv y, spe.a -, - ~ -,
y,.s. "a - '.k es'P-, asr'so .s 80 y. -.
- - uya "a Y.,st -nen ~ no..'i n,sii ,
~ ~ ~ 80, 20 ~ ,rc,sn' us,ls N. ., -,
=, .s,,,a M =. .pese sayp'ea y ir'sns ~ ua, sh,.as
,s,aas - ,.'s.a. ".shs in ,, sons a. ~, s.".....
"a ,s....sp' shs ss e,.u ,s s',ps, o. $50.
~ ,,.h.s exns .n 'os s ~, ol ~, s,,s.
,k...,t.~ - - .,.oene ~ a. s.., -
-, - ,s,a - ~ IN. =, sss .s,s
~ ,ss.eao', Ioou o'ner :, l'''''
,n''ohnna"e' anu V'he' s'"e'e-
kus-srs ov MAiSrAf-r-e rHr RoAp on Rs,L Esr.rro ov
rnr CosrossrIos.
for repairs OF road bed and railway excepting oo-s
non which 'hsli be the cost of labor and materials
wtd dur ng the year also use and eo-t OF eng1nes
ergsgsd IN ballastinE ao the renewal and repairs of
srsv' and stone carr, and all items of cost connected
with h'cpins the road In order; for depreciation of
way kIgth IN feet Of iron used la renewals With