The Rutland County herald. [volume] (Rutland, Vt.) 1852-1855, 1854-02-17

I
ers, the Governor Of the State ia
which such vacancy shall happcn may
oil 1t by appointment.
Sec. 5. Aad h. il further enacted,
( That ai the first meeting Of said board
{ OF commissioners they shall organize
[ 10y the appointment Il Presiden, aud
I Secretary from their own body. and
/ shall fix upon such times and places for
their future meetings as they may deem
[ best. 10 be held within one year from
the time OF said first meeting. 4 ma.
/ Jority Of the whole number OF said board
+ OF commissioners shall be required
TO constitute u quorum for the iransac-
ton OF business. Said commissioners
shall. within six months from the time
of their first meeting, designate the
eastern and western termnu, of said
rallroa1, indicate the mountain passes
through which il shall run, and define
rs general course between those points,
keeping always within the limits herein
before described. The assent of a ma
jorily Of the whole number of said
board of commissioners shall be reaur-
ed to fix the points of beginning and
termination and the general course aud
direction Of said railroad route between
those points and the hand and seal
OF each and every member of the board
so asserting as aforesaid, which spccif-
cation shall be deposited and recorded
IN the office Of the Department of the
Interior and that shall be the line or
route through and over which said pro-
posed railroad shall be constructed
PrOrtded, horerer That in the final To-
cation OF said road the directors of said
company may vary from the points and
general route indicated by said commits
sloners for the causes and so far as is
hereinafter stated. Said commission
ers may appoint engineers and cause
such examination and surveys to be
made, in addition TO such as shall have
been already made. and may adopt and
employ such other modes as they may
deem expedient for obtaining all the in
formation they deem requisite TO enable
them 10 determine upon the most ad-
vantageous points of beginning and ter
minalion, and the best line or route OF
said railroad. having reference always
to the feasibility of construction, the ia
cility Of connexion with other railroads,
and to the commercial advantages de-
pendant upon the location of said pro-
posed railroad.
SEC. 6. and be II further enacted,
That Immediately after the points at
which said road shall commence and
terminate, and its general course and
! direction between those points, shall
have been designated, certified and re-
corded in the manner aforesaid, the
said commissioners shall, at some suit.
able places at the capital or capitals of
, each State. (and at the city of Wash
! inglon, under the direction of the com
1 missioner for Maryland,) and at such
q other cities and towns as they may
. deem proper, cause to be opened books
n of subscription to the capital stock ot
said company and said commissioner:
q. shall give at least fifteen days notice Of
o the lime and places of opening said
/, books by publication in one or NOR,
of the newspapers published in such
4 places as they shall think proper anC
=, the commissioner in each of the seyera
States is hereby authorized TO recev,
subscriptions 10 the capital stock Of
said company; and every person a
, the time of subscribing shall pay to sale
:. commissioner ten dollars on each shar,
for which he may subscribe and al
moneys 50 advanced 10 each commits
,e sioner shall be Immediately deposited
in such bank or banks as he may Sc
Il, lect for safe keeping. until he shall de
liver il over to the treasurer Of sal,
i company, as hereinafter required an,
;. each subscriber shall be a member O
:, said company. The form of subscrp
lion, iis terms, stipulations, and con
, dilions shall be prescribed by said com
y mi.sioners, but which shall be uniform
and not inconsistent with the provision
Of ihi. act +; P,orided, hO,ocrer, Tha
, the terms Of subscription shall be sucl
as 10 contain an absolute promise T.
/, pay 10 said company the amounts sew
: orally subscribed by each stock holder
at such times and in such sums as ma
, be assessed and called for by the boar
Of directors Of said company. as herein
:, after provided; aud said Subscription
shall contain the condition that eac
" siockholder shall be paid an annua
interest Of five per cent. by said eompa
:, ny on the amount Of several assessment
N upon his stock from the time Of pay
q menf Of such assessments I'LL the tim
IA. laid railroad shall be- completed an
If pot in operation and the inieres, 5
a. paid by said company shall enter ini
and constitute part Of the eonaruc
r. ton account Of .aii railroad
:. Sec. 7. Aad b, Il further enacted. Tha
Y 80 soon ~ SAID commissioners shall n.
81 certain that two hundred and ifty ihou'
h and share. of the capital stock Of sal
a. company have been s1bsrrib-d and ie
of per cent Thereof paid 10, a. hereinbrfor
:. rrqlirrd. provided It be within sat.
dny- ifom ibe time Of the opening ,
p. SAID books Of subscription As aforrsai,
b; 'bey ,hali call a meeting Of the sioel