The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1858-04-09
The Bedford Gazette.


SECTION Dc ~ G3EREtCJ bV tfe De1Gle
md House Of Representatives of ne Commoe-
vealh of Peaasgigaaia, "a Gsafrai .4sseablg
mel and IL is Hereby enacted tgtte r.faorify of
the sane: That JOB Mann, E. L. Anderson,
Nicholas Lyons, w. T. Daugheriy, John Cessna,
O. E. Shannon, S, l.. Russell, Danisl Washa-
baugh, Samuel Davis, " SieckmaH, John Haief,
Josiah D. Shaek, F. C. Rsamer, WIN. Hartley,
W. II. Watson, JOAN Alsip, Isaac Meogle,l
Alexander King, F. Jordan, John Mower,
Samuel Fl. Tate, Joseph w Tate, ". P, Seseli,
B. +. Myers. ]. II. Rush. David Over, David
Patterson, joseph Sellers, George Smith, VIM.
Chenowilh, Samuel DeGbaagh, CHARLES Smith.
Asa Silvers, John Watson, Charles Colfeit,
David MeFtimer, Henry Hoke John G. Hartley,
George SnsolsF, iTm States, Mathew PEBBLES,
Jacob BaTpdollaF, James &. Barndollar, Thomas
II. Murray, Daniel Sans John SYcum, David
A. T. Black, Georgo Megraw, j. c. Eeerhart,
Thomas King, James Piper. George Eishari,
John Lutz, Charles Stuckey, George w. Gun9,
Wm. Tod, john Sill, Samuel S. S;uckey Joseph
MortimoFe, John bf'VckeF, Isaac Clark, Josiah,
Miller, Cornelius Devnre, ]. II. Buchanan,
John Miller, George Elder, a. B. Bum, A. j.
SniyelY, John s. Schell, Emanuel Statler, john
S. Sta.Ier, James Burns, john Clark, Charles
Colvin, Be and thew are hereby appointed
commissioners 10 open books receive subscrip-
ions of stock and organjza a company BY the
name, stvle and title Of The Bedford railroad
company, with all lie powers and subject to all
the duties, restrictions and regulations prescr-
bed by an act of assembly al this Common
wealth, entitled can Act regulating railroad
companies approved tie niaeteenth day Of
May Anno Donin one thousand eight hundred
aud forly-nne and the several supp pIements
thereto 50 far as the same are not altered and
supplied bY the provisions Of this act, ProUi-
dsd, That If shall be lawful iof aay these Com-
njssioneFs named in their section, Immediately
afteftte passage Of their act, 10 open books tor
receiving Subscriptions t7 the capital stock 81
said Company, aad SAID subscriptions shall be
made payable 10 The Treasurer Of said Company,
~ twelve monthly lnStalmpnis, the first thereof
TO be paid within thirty days after letters patent
shall have been ssurd by the Governor. fad
Propided further that it shall be lawful far
anYtail-road company y hose road IS located,
or which may hereafter be located in the conn
lies CT Bedford, Somerset or Huntingdon, to
subscribe to the capital stock Of said Company
to any amount not exceed ng o1e hundred and.
ffy thousand do,aFs
SgcrIov Q, Tl4ai the capital stock Of said
company shall consist Of FIVE thousand shares Of
iItv dollars each, ProUidef, That the said
compaav mav from time 10 time by vote ct.
the stockholders at meeting called for that eDF
pose increase the capital stock, il il shall be
deemed necessary, II an. amount sufficient to
carry out the true inteat and mPaHing Of tais
act. Of which meeting two waeA's notice shall
Grst b. given ie paper Published in Bedford,
stating the object Of such meeting, aud fJr tiI,
purpose Of completing and eguiPHnz tas said
railroad, the said company shall have tae power
II. fro-Y is7nS
fate name and under the comm7a seal Of said
company with coupons attached TO the sane
iayabie al such tia1e, On such terms and at such
5aie ef interest, mot exceeding seveR per cen
sam per annual, as tfry mag deem expedent,
said bands shall not exceed in the whole the
sara Of FIVE hundred thousand dollars and il shan
be lawfa for the said company 70 SECURE the
payment of said bonds and coupons to execute
mortgage on ali. or any part Of, the real proper
~ Of said coneaag aad if the mortgage shall
50 stipulate, the president aud directors of said
company and tleir agents may continue ia
possession and management Of the sa! property
g mortgaged, without prejudice 70 the secnrity
pf said ,aagtgage, and the SAID bonds may with
the consent OF Iie ihslleEs thereof and the drec-
tors Of sad railroad company; beconVeEted INTO
the capital stock Of said company at par Ifoo3-
dsd, That no such bond shall be issued lor less'
denomination thaaa enc hundred dollars.
SscrfoY 3. That the Governsr shalt iss1eA
letters patent to said company wherever thyee1
thousand shares shall have been subscribed to
the capital stock thereof. and all subscriptions
made 10 the capital stock Of said company, shall
be valid, not wi'hstauding taa plHy making tie
same, shall not at the time thereof, pay FIVE
dollars on each and every share subscribed.
SEcrfoy 4. That the s2id company shall
have the right 70 build and construct railroad
from some point, al, or near, the boToogh oil
Bedford in the county of Bedford, with single,
aF double track, 10 connect aith any other rail-.
.oad, CT railroads, now constructed, or W'..;..ef
may be hereafter constructed, in s1id county,
or adjoining cognties, leading % Philadelphia,
nT Pitts5uTg.
SgcrloN 5. That whenever any section,
or sections, of Eve miles, or more, of said rail-
road shall be completed, the said company may
use occupy and enjoy the same as iully aud in
the same manner as II the whole Of said road
were completed.
SrcrloT G. That the said company are
hereby authorized to take, receive and hold
such real estate in fee simple, iG payment of
subscriptions 10 the stock Of said company, upon
such terms as may be agreed upon by the said
company and the individual Offering the same,
and the said company may transfer by deed, or
otherwise, the title, or titles, to such real estate
or any part thereof, as may be agreed upon be-
tween the company and the contractors for the
purpose of dciFayng the cost Of constructing
and eqnipping said road and il not 81 disposed
Of, the said company shall sell the sail real
estate for the use Of said company within ten
years from the commencement Of said road.
SEcrIoN 7. That If said company shall not