The Rutland County herald. [volume] (Rutland, Vt.) 1852-1855, 1854-12-15

the iargva.c3 capital u any bank. are hcrvhy
authorised to examine. nadcr oath, any person
or persons relating 10 subscriptions iog stock ia
such bank
"a. Soc,iou ons hundred and two of chapter
slightly tour of the compiled stsiuics, and the pro
Vtsa. are hereby rci,cslrd
ga mi. act shah take effect from H. passage.
Approved. November u. 1854
No. a7.--AN ACT relating to Saviues Banks
y u hershs enacfei fc.
See l. The several savings banks, acting NV.
der charters granted by the legislature ~ This
state. arc authorized 30 demand aud focoiVe IN
cresi on their loans at iha rate Of sis pei ceuium
per auuum, payable sent. annually.
Sec. 2. This act shall take eeeci frorn " pas
sage Approved, Nov II lsst
No as.--AN ACT In relation 10 the shnres of
resident and nonresident stockholders In Rail
road Corp lratiOns.
10 hsrsby enacted, &c.
Sec. /. Ii shall be The du'y of the clerks of
the several railroad corporations IN this state TO
certify annually TO The clerks Of the several
towns in this state 10 shlch any stockholdcr Of
snch corporation may reside. trae list of tho
namcs of all such stockholders, with the mum,
bcr Of shares standing agtinst the names o' all
such stockholders, on the books ot such norro-
ration. on the first day OF April IN each and every
year hereafter, together with the amount paid
In on each share.
See 2. Il shall be the duty Of the clcrhs of the
scvci al rniltuad corporations in this stale 20 GER
tly Ia the treasurer of this state, true list Of the
names Of all the stockholders In such corpora
tion residing without this state, and the number
of shares standing against the names Of NIL such
Stockholders on the books m such corporation,
together with the amount actually paid IN on
each share On the first day of April, 10 each year
hereafter. Prorifsd, hotrarer, that no certificate
as herein before required In the foregoing sec
~. hill L.. A.. txsa tglgf aaF
said corporal ions, unless such railroad corpora.
ton shall earn, yield or receive an annual In
come profit or dividend Of six per centnm or
more, 10 the several stockholders therein
Sec. 3. II shall he the duty of the treasurcrs
OF the several railroad corporations in this state
on or before the first day 0i August, annually, 10
pay, as n tax, Ia the treasury Of this state for
the use OF the people thereof, per ccntuin on
| each and every share In any and every railroad
| corporation, which shall be owned by any per-
son or person esiding without this state, when.
ever such railraoad corporation shall earn, yield
| or paw, TO the stockholders therein an annual
! income profit or dividend Of six per cenium or
/ more on each and every share Of said stock and
said shares stock shall be held liable to be dis
| trained aud disposed Of by any collector OF tax
es in this state, n warrant issued by the trea-
surer of this state, for that purpose, for the pay
mont Of said one per cent. tax, ~ Aforesaid, I'M
dei such regulations appcriain Ia the collcc-
don OF taxes on bank stock or shares OF persons
| residing without this state.
See g. IN case Of the dis'ralning and selling
| Of any railroad stock or shares for the payment
Of said tax or taxes, IN pursuance OF the prOvis
| inns Of this act, such sale shall have the legal
| effect to convey legal and valid title 20 the
purchaser or purchasers Of such stock or shares
| SO disrnined or disposed ~.
! Ses. g. II shall be the duty of the president,
directors and company Of any and every railroad
| corporation IN this state, 20 cause the several
clerk. and trei of theirsrespectiyr corpo-
rations To faithfully discharge the several duties
imposed upon them as Aforesaid. by the preood-
ing sections Of this act and any failure on the
part Of such clerks and treasurers To discharge
| the duties imposed upon their several corpora
| tons as aforesaid. shall be deemed 10 be fail
ure ON the psrt nf the corporation whose clerk or
| treasurer l. guilty Of sush neglect; for which
failure said corporations, Ia their several onrpO-
rate cspacitiel, and their several directors shalt
individually be held responsible 10 the ireaiurer
| OF this state.
Sec. 0. The treasurer and clerk Of every rail
road corporation within this state, shall be resi-
dents cf this state ani the Offices of the ,reasur-
ors aud cierks. and all boz ks aud papers pertain
ing to said Offices Of treAsurcrs aud clerks ~ said
railroad G. operations, shall nj all tmes be kept
within this state, except said books and papers
be temporarily moved and detained without ,he
limits of this state by order Of judge Of the su-
prcme court Of this state, for the purpose Of be
Ing used Ia evidence IN suits actually pending IN
a neig ighborng state, and In such case 10 be de-
tanned during the term Of court NJ Which such
suit 10 10 be tried.
Sec. 7. In case said tfeasurors or clerks or any
Of them. belonging b.. or doing business for, said
corporations OF any one OF them, shall for the
space Of ten days, afteT the time specified Va sec.
tons one, two aud three Of this act, for the dis.
charge Of the several duties therein pointed out,
neglect or refuse In good faith % disehAwe said
duties ~ Imposed by this act then they sew.
eral clerks ~ tfeasurers, or any or each of them
who shall lac guilty u such neglect for the space
Of time aforesaid, shall forfeit and paw 10 tho
treasurer of this state, fine of hve hundred dol
lars, for the first offence 80 committed, and q
further 6ne of one hundred dollars per day fo'
ever day they, either Of them, shall be CUNTS
0f such neglect thereafter.
Sec. g. II shail be the duty 0f each and every
railroad corporation a. this state on the first dat
of January of every wear hereafter, 20 lodge with
the secretary of staie the names Of the CLERK A
treasurer aud their place u business within thi,
state.
See .. All fines and 4 rfsitnrc. provided ~
10 this act shall he recovered 10 an action on n,
case, upon this statute 10 be commenced Anf
prosecuted IN any county IN this st'ie. IN ~,
name and behalf II the treasurer ~ ibis state
who u hereby authorized - prosecute the same
Sec 10. An act entitled an act rciaiing n
The shares nf rrsideaf and non-residrnf sock
holders IN uilrlaA corlnraiioes 4" appf0Fej De
eeIsl'er 8 1888, A. hsrcby repealed
Approved, November u, lssi.
No. as-Au ACT relating 70 service q proee.'
on non-resldsni trustee, q Ralfoad cofpora
iioas.
NJ ksrsbg sHaefs5 ~.
"a The Trustees under any as.iFurnsii. N u;
gage, or other transfer, made aud er-ruisd bj
any faiirnad c1fnp4uF m fhis STATE aud snf is-
or iessecs u aify such railraSa cotnpanf. nii
resident in this siais, who shall hold po,ss=.ioi
u the properly II sach niilrpad ee0lanf, o
f.If fffsft
under, sd b. virus ~ such assignment, n,'qi
gags. lease, ef oibsT transfer shall. iu the,
reside without ihis state appoifii ons Per-1u re-
idsni In this state, rY0h Nhnm serflee q even
Mind q pr0eoss, known % the laws u fhis stair
may ~ any time b. made and shah in %,
fngnth ~ Issssry in each year, hle In ihs sho'
'd itr cieFk of the connty coar 10 sYsry raaniy
tIfDggh Nkich fDch ROAD shall pass, reftinuais
figart By such Trustees, af irssees. sesigIsailHS
~ usuis Eni p'aes ~ fssllssct n tie pefs7f
thus Hppinisa sd al such service a ~ cea
upsn sald pertou ~ apfs0iaisd. shall he isga
a. vice q de sapr GA surh inasisrf, - ie.ses
aud n sach trustees ~ iessses shHt neglsci :,
spponi snch sscaf ani hls t1rl ogriihesis. az
lsavihF. sifh s1y i'afis1 hgeat, ~ dsgf Eiasisf
b. ne esspisyurut - zach trustees, es issseei
u eoPy u sny isFAl pFeesss spsa sass ifasi'
go. 80 ifssess aaa sssa hass SO safns easci, .,
fi,oag leFsgslAi sersias a sUrh pfoes.s bad eesa
mzis u,ssa taci frassns ~ isssres-
APgfsses SgT "a, isst
~. s5-As ACT d srss 4 sss'lers sirlv-sl 90
eaa siEil rile "a eiAfaff treifY - n nis
casvgile4 sis,siss, Fris,inf = h-ilse.@i cs'ps-
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re t.r,sy ssseios. g..
81. Tbs prss.slsus - s-riioss siE'Y eFii ani
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ftstsiaa r. sfIaF q irsi1 r.Htesrsfiofs silail
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