Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1858-04-23
in Att TO Incorporate the Bedford
Railroad Company

SEc1oN l. BE it eRGctsd Il by the Senate and
House of Representatives. Of fts Commonwealth
Of Pennsylvania, IN Geaefat .2ssembtg met.
and il is hereby enacted 60 aathorttu Of tie
same That Job Mann, e. L. Anderson, Mich
elias Lyons, w. Z Dauglcrty, John Cessna,
@. L. Shannon, s. l.. Russell, Daniel Wssha-
baugh, Samuel Davis, Y. Steckman, John Ha-
fer, Josiah d. Sbuek, L. G. Reamer, Wm. Har-
tley, w Ii. Watson, John Alsip, Isaac Men
gle, Alexander King, f. Jordan, John Mower.
Samuel If. Tate, Joseph w Tate, w. p
Sehell, B. L. Meyers, j. Ii. Rush, David Over
David Patterson, Joseph Sellers, George Smith.
Wm. Chenowih, Samuel Def6augh, Charles
Smith, ASA Silver, John Watson, Charles
Coifelt, David AIortimoTe, Henry Hoke. John
/ q. HARLEY. Goorge SmouSo, Wm States, NJ
NJ. PEBBLES, jacob Barndollar James Nj
Barndollaf, Thomas Ii. Murray, Daniel Sans.
John Nycum, David A. z. Black, Gevrce Me
gfaw, j. G. Evellart, Thomas King, James
Piper, George Wishart, John Lutz. Charles
Sluckey, George w. Gump, VIM. Todd, John
Sill, Samuel 5. Stuckey, Joseph Mortimore.
John M'Vcker, Isaac Clark, Josiah Miller,
Cornelius Devore, j. VI Buchanan, John Mil
Ter, George Elder, A. b. Bum, A. j. Snively.
John s. ScheA, Emanuel Statler, John s.
Statler, James Burns, Johu Clark, Charles
Colyln, be and they are hereby appointed cong
mssioneTs TO open books, receive Subscriu.
tious of stock and organize a company by the
name. style and title Of the Bedford Railroad
Company, with all Tie powers and subject 10
all the duties, restrictions aud regulations pre-
serbed by an act Of assembly of this Common
wealth. entitled s.Au Act regulating railroad
companies" approved the nineteenth day of
May, Ammo Donlini thousand eight han
dred and forty-nine, and the several supple
mentS theFeto SO far as the same sre NOT al.
tered and supplied by the provisions of This act
ProU,ded, That it shall be lawful for any Of
these Commissioners named IN this section.
Immediately after the passage Of this act, to
open books tor receiving subscriptions to the
capital stock of said Company, aud slid sub
scriptions shall be made payable 10 the Treas
urer OF said Company, in twelve monthly IN
stalments, the first thereof to b. paid within
rurrrJ Js-seIfeF TettrTs Tateut ueen
issued by the Governor. ind pro0ided fuyfh
er that it shall be lawful for any railroad com
pany whose road is located, or which may here
after be located in the counties Of Bedford,
Somerset or Huntingdon, to subscribe to the
capital stock of said Company, to any amount
not exceeding one hundred and fiy thousand
dollars.
SIC. ,. Thar the capital stock OF said COM
pauy shall consist of five thousand shares of
fifty dollars each, PyoUiied, That the said COM
pany may from time to time by u vote of the
stockholders at meeting called for tLat pur-
/ pose, increase the capital stock if it shall he
deemed necessary, TO an amount suffi ;ient to
carry out the true intent and meaning Of this
act, Of which meeting two weeks notice shall
first re given in paper published in Bedford,
stating the object of such meeting aud for the
purpose of conn tleting aud equipping the said
railroad, the said company shall have the pow
er of issuing from time TO time, bonds in the
corporate name and under the common seal Of
said company, With coupons attached to the
same, payable at such .iue, on such terms and
at such rate of interest, not exceeding seven
per centum per annum, they may detiu cx-
pedient, said bonds Shall not exceed in the whole
tue sum of FIVE hundred thousand dollars and
it shall be lawful for The said company TO Sc
cure the payment of said bonds and coupons to
execute mortgage OF all, or any part of, the
real property OF said company, and if the
mortgage shall SO stipulate, the president aud
directors of said company aud their agents may
continue in possession and management of the
said property so mortgaged, without prejudice
to the security Of said mortgage; and the said
/ bonds may with the consent Of the hdlders
I thereof and the directors of said railroad com
pany, be converted into the capital stock Of
said company at par; Proolded, That no such
! bond shall be issued for less denomination
/ than one hundred dollars.
! SEC. 8. That the Governor shall issue let
/ tcrs patent TO said company whenever three
/ thousand shares shall have been subscribed to
! the capital stock thereof, and all subscriptions
made to the capital stock Of said company,
/ shall be valid, notwithstanding the party ma
| king the same, shall not at the time thereof,
| pay five dollars on each and every share sub
! scrIbed.
| SEC. T. That the said company shall have
the right to build AMI construct a railroad from
! some point, at, or near, the borough of Bed
| ford, In the county of Bedford, with single or
double track, to connect with any other rail-
| road, or railroads, now constructed, or which
may be hereafter constructed, in said county,
or adjoining counties, heading to Philadelphia
1 or Pittsburg
! Sec. 5. That whenever any section, or sec
1 tons, of FIVE miles, or more, of SAID railroad
| shall be completed, the said company may use,
occupy aud enjoy the same as fully and il tha
same manner us if the whole of said road were
completed
SEC 3. That the said company ara hereby
authorized 10 take, receive and hold such rsai
estate IN fee simple, in payment of subserir-
tons to tbe stock Of said company, upon such
terms as may be agreed upon by the said COM
pany, and the individual offering the same, aud
Che said company may transfer BY deed or 9th
erwise, the title, or titles, to such real estate
or any part thereof, as may be agreed upon be-
tween tac company and the contractors for the
| purpose of defraying the cost of constructing
and equipping said road, and if not so dispo-
sed OF, the said company shall sell the said real