New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-06-17

COMMONwEAL1H Or HAssACHUsETTs,l
In the year one thousand eight hundred and Fly. :
AN ACT TO increase the Capital STOCK Of The Norwich and
Worcester Railroad Co
W General Coar G',bed and by authority Of the same,
sEcTIoS !. The Norwich and Worcester Railroad Com.
psDy hereby authorized % increase the Capital Stock OF
said Company by the addition Of four thousand two bun.
dred and fly shares each share 10 be Of the par value OF
one hundred dOliGfs.
SIC Rorlbe purpose OF carrying into effect he prosl
sions Of ibis ACT the Directors OF ssd Company ae hereby
authorized and empowered 10 issue said four Thousand
two hundred aud hy shares OF new stock and he pre-
sent stocthodeTs OF said Company may subscribe Tor SAID
stock In The proportion OF share for every four
shares old stock by them hedihey paying psr value
such stock IN such IA the Board OF Direct
and also Delivering up their eerfcaes OF old STOCK and
receiving Ia leu OF every fcUr shares OF Old STOCK Hnd
stock: Prorled ihAi one half Of the amount
OF such stock taken by each socshodsr shat be
REQUIRED be paid Ia by him within ailer the &C
cepsnce Of ha Act By the siocshode' provided In 'ne
seventh section.
tions Of this Act shall be Issued less hsn ts psr Vus
the lime and Of issui0g shall IA determined ~
the Directsrs O. said Company who sbsl annually maSe
report OF their proceedings TO the Legssnre Of hs se'e
SEC Tie said stock IN s ceHhcafs iseued tnereor,
shall be csled Preferred Stock ard Whenever Tho four
thousand shares Of the Csp- socI Of said Corporation,
held by the Commonwealth Hs collateral s9.urs, she be
transferred by the CommOn1 eah or Issued by SAID Cor
pOfson theD and In either Of said cases mo said tour
hOussud shares OF them a. may he ensiefr-d
isUed shall stand h- same footing and be enuued TO
the same Dene ne tnd Hdyantsge' N frtpecn pre-
erred stock ana the Board 0 Directors are hereby al.
tOT2td and empowered 10 declare ard psy sen ennlel
dvdeudsou OF the earnings Of said Company not ~.
ceedng dix per cent per such preferred sock
and dividends sns hereafter be declared end paid upon
any oder Of sad Company, now IN the hands OF
stockholders eXcep the sane be psd cot Of The ret sur
pus earnings OF ssd Company aer the payment Of The div
i5euds on ssid preferred sock.
Ssc When a1er the payment o. the dividends upon
SAID preferred STOCK Of the earnings Of said Com
psny there ths be surplus remaining there shall be paid
OF tuch surplus femtarrual dividends not exceefng
six per cent Per annum all the old stock Of said Com
pHny held BY The stockholders and remaining uns1rren-
dered sud II there remain any surplus Of sai nei earn
ings sfer the payment Of ell III dividends afoeead tle
same shell equally divided smong the slockhcders,
upon all the stock Of said Company new and old, share
and shsre alike. .
src g. Tie Act passed BY the Legislature. April D 1913,
and approved by the Governor Apr. ~ 1873 ehued An
Act 10 increase The Capital Stock q the Norwich and
Worcester Railroad Company" shall be, and the sane
hereby repealed whenever his present Act u accord
Grce with us provisions shat 60 TITO eject
SIC T. This Act Ehal rot take effect unrl tue fas has
been pssfed by General Assembly OF the STATE o Con-
neccut and accepted BY OF twothds Of the iIock
represented q siockhoders reearg specially Convened
for that purpose
sEc This Act may be altered amended repealed at
the pleasure Of the Legislature.
re- TIE Legislature OF State Of Connecticut AZ ito
MAY Sesscn 1890 also passed a. Act n conformity 10 te
above Act jelf sis