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

devm nccessarv to meet their engage
menis and contracts for the most speedy
progress and execution OF the work of
said railroad. Grs, giving notice to each
siockholder. by printed or written cir
culers, through the mail, sixty DAYS pre-
vious TO the lime required for the paw
mcui oi the srVrNl insiallmcnts called
ing and such payment, MA, be made hy
dcpnsilr, in such bank OF banks as may
bee designated hy said directors to the
credit OF said company, nnd-r such reg
nla,ions as said board of directors may
prescribe. IN case Of the neglect or
refusal Of amy slockholdcr to pay their
ins,allmenis when called for in the man.
ncr aforesaid for more than thirty dnys
after the same shall become due and
payable. said directors may declare, hy
resolution, 10 hc entered in the book Of
record Of their proceedings, that the
share or shares Of such delinquent
stockholders are forfeited, and the same
shall in law be deemed forfeited to the
use and benefit of said company and
said forfeited shares may he sold at
auction or be offered for rc-suhscription
rs said directors may deem expedicnt
The affidavit of the secretary of the
board Of directors that said circulars
were delivered TO any postmaster or
his deputy to be mailed. shall in all ca
scs, in reference to the stockholders,
be taken and held as legal notice of all
calls for insialmcnts 80 assessed ~
aforesaid, aud OF other business pertain
ing to said company, wherein notice
may be given through the post office.
II ii shall he found necessary that said
,,n"ifan, .Io,.lJ ,at,, mutr tirnu TWEEN
ty-iive millions OF dollars of their own
money, in addition 10 the Government
advances hereinafter mentioned in or
der fully TO complete and equip said
road, said directors shall have authority
TO issue m additional number of shares
of said capital stock at par sufficient 10
raise the required amount. under such
regulations as said directors may adopt
giving preference, however TO non sub.
scrhcrs or stockholders to take such adj
dlional shares.
See. H. dnd be a thrther enacted,
That said company shall have the right
and they are hereby authorized by their
| officers. agents, engineers, and other
employees, to enter upon the route or
/ line SO designated n. aforesaid, 10 locate
| and construct said railroad through the
| entire length Of said designated route or
| line. And the directors of said com
| pany are hereby authorized, il they
deem it cxpedienl and for the interest
Of The company and of the public. by
reason Of greater natural obstacles Ia
the construction and maintenance OF
said road, to avoid those obstacles and
TO obtain better and safer line. may
commence and terminate said railroad
at any points they may judge best, not
departing, however, more than fifty
miles from the points designated by the
commissioners aloresaid,and may change
the location Of such portions Of said road
as they may deem advisable, following
however, as nearly rs practicable, the
general course and direction designated
by said commissioners rs aforesaid .--
Said company shall have the right (,
connect said road with any other rail
roads which may at any time be con
srrucled 10 either terminus OF the roat
Of said company from the adjoining
States; and any such State may au
thorize any company TO enter with an
other railroad al the points Of tcrmina
ton of the road herein granted
Sec u. Ind be Il further enacted
That said company may regulate the
time and manner in which passenger
and property shall be transported OF
said road, and may fix and regulate th
toll and charges for passengers an
freight: Prorided, hopcrer. That !,
no case shall the fare for passengers b.
charged at more than three cents pc
mile, and they may erect and maintain
roll-houses and all other buildings 70
their accommodation, as ihey may dceu
suitable. Congress, however, shal
have the right AT any time TO reduc
the tolls and fares for passengers an
freight, If they shall deem II necessary
provided they be not so reduced as no
10 ndmii always a profit Of twelve and
half per cent upon the actual eapita
Investment in said road. Said eompa
ny shall ENJOY 10 their own upr in per
petuity the profits and emoluments q
sid railread: F,oriied, hoperer, Tia
the Government Of the uniled State
may at any time after the expiration q
fifty years from the passage Of this ac
assume the absolute control and propr
etorship Of said railroad, with all il
appurienances, equipments, and fran
chises, upon paying 10 said compan
the actual cosi thereof, after deduclin
all advances 10 said company by III
Government in money OF stocks. a
hereinafter prov ,ded, then remsinin
unpaid
sEc. IS. Aad Be Il fagtAe, eHacte,
That, for the consideration hercinsiie
named, said company shall at al time
transport the public msils, the speci,
and route agents of the Post Office Ds
paHmeoi, the troops, military and "a
ral Stores, and muniiions ~ Hsr of Oh
i'niied Siaios, free of charge. and "a.