Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1850-05-16
New York Rai,road Law.

The GENERAL. RAILROAD Acr.-This important
law. recently enacted. consists Of fifty two sections
aud fills five and half columns Of the Albany Ar
gus Its principal provisions are follows:
II authorizes any number Of persons than twenty
five, ssoeste Or the purpose Of constructing and
ting 1ilways-he amount of capital stock be less
han for mile Of road proposed to be construct
cd When the articles Of filed in the Office Of
the Secretary Of State the Stockholders shall be possessed Of
such powers granted to corporations but these ar
cles filed least 900 Of stock for every
mile Of the PrOposed road subscribed aud cent paid
in.
Every corporation formed under this Act ,hall have
board Of thirteen destrs annually The stock Of
such companies shall be deemed personal estate and be
transferable Each stakeholder shall be individually liable
the ciedtots e the Company in equal to the
amount unpaid on The stock held BY him.
The bill minuiely describes the m'nner in which title
may be acquired real required for the purpose OF
the Company il relation The purchase Of which the
ties may be unable TO agee. Upon peiiu being pre-
sen'ed TO the caur held the di.tct in which
the zeal estate described is situated praying for he aPpoin
en " commissioners Of appraisal the court shall appoint
commissioners om persons named BY TIE company aud the
Of the real proposed 10 be TAKEN drtermns
the compensation which ought justly TO be made
Beore constructing part II their road every company
formed under this act shall make profile n the r"uie IN
tended adopted fled in the Office Il the cei
of in which the load to be made and the COM
pany shall give written notice all occupants Of the land
over-vhich the Of the road il so Designated
The directors Of every formed under this act
may, by Of thirds Of their whole number, a. any
time alter change The route, any part OF the route "i
their road, il it shall appear to hsm that the line can be
improved thereby.
N
in consucton Il their road iron TAIL OF less weight
than ysx pounds to the lneal yard except for tun"u
sidings. and switches
In addiiin the powers conferred corporations IN The
81 title 18th chapter Of the LIST part OF the Revised
Satuss companies fmed under this Act shall have power
10 cause necessary snd surveys for its
road made; aud hold giants Of real estate on
properly; purchase and nj. such property
be necessary for construction and msutenanee Of tbs
road; construct their roads across, along or upon, any
street stream, plukrosd canal nterseet join m
TaOad with any other railroad before constructed &C.
Whenever the si'rOad Of any formed under I'M
shall parallel nearly parallel to canal oil TIM
State and within Thirty miles Of such canal the company
owning such railroad shall pay to the canal fund.- on al
properly transported RAILROAD other than the Ordinary
baggage Of passengers the tolls that portion Of
oad running parallel 10 the canal that have been paya
bic to State, if such property, other than baggage ha'
been transported on any such canal.
Every corporation formed under this Act shall make
snnual report be filed in the office OF the State EngDse
aud Surveyor.
The Legislature may alter reduce the rate OF freight
fare other profits Of such roads; but to such
tent produce with said profits less than 10 cent
per the capital actually expended Any such
poration SHALL when applied by the Post Master General
convey the mails Of the United States their roads
routes respectively and corporation shall
agree the rate Of transportation therefor aud az to TIT
time Of speed &c., il shall be lawful f0r the Governo
Of this State to appoint cOmmsioneIs who shall determin
and the prices, terms and conditions aoresaid-bu sue
price shall be less for The said mails n the
ur passenger train than the which such
ton would freight . like weight Of merchan
dze transported in their merchandise train and fair com
pensatOn for the Post Office AL existing rail road col
porsions within this State shall respectively have and
powers and privileges contained 10 this
This act to take effect Immediately.