New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-06-15

COMMONWEALTH OF MAssAcHUsETTs,
In the year one thousand eieoI hundred ana MY.
AN ACT 70 neresss the Capital Stock OF The Norwich ana
Worcester Railroad Co
General Court dssentd and by authority oil The same
sScT,osl The Norwich and Worcester Railroad Com.
pany 10 hereby to increase the Capital Stock OF
aid Compauy by the edition Of four thousand two hue
dred fifty shares each share to be OF The par value Of
SEC For parpo,e Of carving lnIo effect the PROV
sons Of this sc the Directors OF SAID ComPsny are
two hundred and hfysh OF new ssock ana ue pre-
sent sockhodefs Of said Company may subscribe ioI sa
shares of old stock by then held-hey paying par value
for such stock In such manner az tne boaTa Oh
and delivering up their certificates OF od soek ano
receiving In lieu of every four shares o. oo soek anS
shnfe OF new sock certificate OF five shares OF preferred
stock Presided that not than oneha OF the amount
OF such new STOCK taken by each socshoder shah De
required to be patio 10 by him within one year alter me &C
oepsuee Of ins Act by the soekhode ss pfoVioeo ID n
s3vehlb section. -,
of this Act shall be is'ued al les: taan ls par value
the lime and Of issuing II shall be Determined py
the Difeetsrs Of said company no spam o NY Ss
SIC The ssi4 stock, In The certificates Issued neislo
thousand shares OF Capital Ssoci OF ssd COOPERATION
held by the Commonwealth as collateral seculS' soS DC
transferred by the Commonwealth or siued oy saa So
DO son hen and IN either OF said cases, the said Tour
houssod shares many OF them as may oe transferred
or stued shall stand the footing snd be entitled to
the bene tia and advantages n all poets - SAID pre-
fered stock and the of Directors hereby az
thoFzed and empowered to declare and pay seni
dividends OF the earnings Of said Company not ex
oeeding per per such preferred stock
dividends ths hereafter be- declared and paid upon
any other Of said Company, now In The hands OF
ckhoderS except The be PAID out OF the net sur
Plus earnings OF said Company ser The payment OF the NV
idsnos on said preferred stock.
SEC When after the payment OF the dividends upon
said preferred stock OF the earnings OF said Com;
pany shall be surpus remaining, there tha be PAID
out Of uch surplus seua annual dividends not exceeding
ak cent snnum all the old stock OF sad Com
paby. held By the sOckhnders and remaining uDsurfen
deTed; and there remain surplus Of said net earn
ings asr the payment OF ell the dividends Aforesaid t1e
sane shall equally divided among the Stockholders
upon ell the STOCK Of said Company, and DID, shsre
and share alike
SEC The Act passed by the Legislature April 26 1913
and approved by the Governor Apr a. 1875 entitled An
Act 10 increase the Capital Stock Of he Norwich and
Worcester Railroad Company" shall be, and the
hereby repealed whenever this present Act In accord
sDce with its provisional thsl 20 into effect
SEC T. This Act shall OF take eject until tho same hAs
been passed by the General Assembly Of toe Safe OF Coz
neeucu and accepted by Of twoAds II The stock
represented al soekhoders meeting specially convened
for that purpose
SIC Tis Act may be altered amended repealed al
the pleasure Of the Legislature.
~ Tee Legislature Of the State Of Connecticut 8, IL
May session. 1850 Aso passed Act In conformity 10 thc
above Act Jeli Sis