Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1854-11-24

mand and receive interest their loans the of
centum per annun, payable semi-annually
SEC. g This act shall take effect from its passage.
Approved, November Ia, 1854.
No AN ACT IN RELATION TO THE SHARES OF RESI-
DESP AMP NONRESIDENT STOCKHOLDERS IN RAILROAD
IL is hereby enacted By the General assembly Of the State
Of Vermont as toloWS:
SEC l. shall be the duty of the clerks of the several
railroad corporations this certify annually the
clerks of the several this which any ockho
der Of such corporation may reside list of the of
all such stockholders with the number of shares standing
against the of all such stockholders the books
such corporation, the first day Of April in each and every
year hereafter together with the paid each share
SEC q shall be the duty of the clerks of the several rail-
road corporations this certify the of this
state, list of the of all the stockholders in such
corporation residing without this state the number
shares standing against the of all such stockholders
the books of such corpoaon together with the amount actu
ally paid in each share the first day of April in each
year hereafter Proridef hoWev that certificate here
before required in the foregoing section of this act shall be
made by such clerks of said corporations unless such railroad
corporation shall yield receive annual income prof
OF dividend oil SIX per cent or more to the several stockhod
therein
shall be the duty of the of the
al railroad corporations this state, before the first day
of August annually TO pay into the treasury of this
state for the of the people thereof rer each
and every share any and every railroad corporations which
shall be owned by residing without this
state whenever such railroad corporation shall yield
pay the stockholders therein, annual ncome profit
dividend of per more each and every share of
said stock and said shares stock shall be held liable be
dsaned and disposed of by any collector of taxes in this
state issued by the of this state for that
purpose for the payment of said per aforesaid
under such regulations appertain the collection of
bank stock shares of persons residing without this state
SEC. a. In of the dsaning and selling of any rail-
road stock shares for the payment of said in
pursuance of the provisions of this such sale shall have
the legal effect convey legal and valid tile the puchas
purchasers of such stock shares dslaned aud dis
posed of.
SEC 1t shall be the duty of the president directors and
company of any and every railroad corporation in this state to
cause tie several clerks and easers OF Their respective corpo
raons faithfully discharge the several duties imposed upon
them aforesaid by the preceding sections of this act and
any failure the part of such clerks and easre discharge
the duties imposed upon their several corporations, aforesaid
shall be deemed to be failure the part of the corporation
whose clerk or treasurer guilty of such neglect for which
failure said corporations III their several corporate capac e
and their several directors shall individually be held responsible
TO the treasurer of this state
SEC g. The and clerk of every railroad corpora
ton within this shall be residents of this state and the
offices of the and clerks, and all books and papers
pertaining said Offices Of easures and clerks OF said railroad
corporations shall at all times be kept within this state except
said books and papers be temporarily moved aud detained
without the limits of this by order of judge of the
preme of this for the purpose of being used in
dence i'll suits actually pending neighborng state and
such to be detained during the OF court at which
such suit is to be tried
SEC. T. len said clerks OF them be
longing to, doing business for said corporations any on
of hem shall for the space of days after the time specf
ed in sections and three of this for the dscharg
OF the several duties therein pointed out neglect retus
in good faith discharge said duties imposed by this
then they, the several clerks treasurers, any each
them who shall be guilty of slch neglect for the of tim
aforesaid shall forfeit and pay the of this
fine of five hundred dollars for the of this state for tn
first offence committed and further fine of hundre
dollars per day for every day they either of them, shall
guilty Of such e neg neglect thereafter.
poraon Of this The first day of January of every
hereafter lodge with the secretary of state the names OF
clerk and treasurer and their place OF business within III
SEC O. All fines and oreitures provided for in this &C
shall be recovered action the this statu
be commenced aud prosecuted any county IN this state
the and behalf the of this who hercb
authorized TO prosecute the same
SEC 10 An act entitled an act relating to the shares
resident and nonresident stockholders railroad corporations
approved December &, 1853, is hereby repealed
Approved November Ia, 1854
NO 29-AN RELATING TO SERVICE OF PROCESS ON MOI
RESIDENT TRUSTEES OF RAIL ROAD CORPORATIONS
is hereby enacted by The General Assembly Of the State
Vermont foLoWS:
SEC. l. The under any assignment mortgage
other transfer made and executed by railroad company
this state and lessee eees of any such railroad coman
resident this state who shall hold possession Of the pro
ey of such railroad company manage the running OF Il
road OF such company under and by virtue OF such esgnmer
mortgage lease other transfer shall they reside wit
this state appoint person resident in this state up6
whom of every kind OF process known the laws
this state, may any time be made and SHALL in the
of January each year. file in the Office of the clerk of Il
county in every county, through which such ro
lesees designating and place of residence Of the
son appointed and all such service of process upon
person appointed shall be legal service of the
trustees and If such lessees, shall negle
appoint auch and file such certificate the leav
with any station agent depot master, in the employment
such essees of copy of any legal process aga