Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1865-11-01
Hyde Park, Wednesday, Nov. l, 1865.
THE RAILROAD BILL.


day and the House on Wednesday and is
now law. We trust that the people will
take hold of the matter of building the
road in earnest keeping in view the fact,
that if no great amount is ever realized
from the investment, yet little will be
lost. The greatest barrier in the way OF
the completion of the road is the difficulty
attending the builoing from Waterbury
to Stowe--the greater part of the distance
being extremely uneven. The road can
he easily built from Stowe to Morrisville
for but little grading will be required.
We copy below, in full, the act as it
was passed -
AN ACT to incorporate the Mt. Mans
field Railroad company:
1t is hereby enacted by the General As
sem5y Of the State Of Vermont, as toI-
iOwS:
SEC. ! Such persons as shall hercaf
ter become Stockholders in the Company.
created by this Act, are hereby constitut'
ed body corporate, by the name of the
Mount Mansfield Railroad Company. for
the purpose, and with the right of build
ing railroad. to be operated by horse or
steam power, from some point at, or near
the village of Waterbury, thence
northcrly by way of Stowe Center village.
to the village of Morrisville, in the Coun-
ty of Lamoille, aud shall have all the
rights incident to corporations.
SEC. g. If the corporation created by
this act shall not within six years COM
mcnce the construction of said road and
expend thereon at least five thousand dol
lars. and shall not within ten years COM
plete and put in operation said road, then
said corporation shall cease to exist and
this act become void
Sec. 3, The capital stock of said CON-
pany shall be one hundred thousand dol
lars, which may be increased to an
amount sufficient to complete SAID road
and furnish all necessary equipments
therefor together with suitable depots,-
which shall be divided into shares of titty
dollars each--and said company may or
ganize whenever at least fifty thousand
dollars Of the capital stock shall have
been subscribed for.
SEC. 4. W. H. II. Bingham. Asa K
Camp, S. VI. Peunock, II. II. Powers, L.
s. Page, Slmuel Bedding and L lson Pin
Dey shall be the commissioners for open
ing books of subscription for the stock OF
said company-said books to be opened
at such places and times as said commis-
sioncrs may direct, and fifteen days no.
tice at least shall be given by said COM
missioners of the times and places of op.
ening said books, by publication in some
public newspaper printed in Llmoille
County and such other newspaper, if any,
that said commissioners may designate,
and the subscribers to such stock shall
have the right to direct the expenditures
Of their subscriptions upon such part Of
said road as they may designate at The
time Of their subscriptions under such
regulations as said commissioners may
prescribe.
SEC. 5. Said corporation shall have
all the powers and privileges, and be sub
ject to all the duties. Liabilities and anc
other provisions prescribed by the laws o
this state relative to railroad corporation,
provided. however, that in case, whel
said corporation and the land owner,
through whose land said road passes, arr
unable to agree upon the amount of lane
damage to be paid to such land owners
application may be made by saic
company to the County Court in the coun
ty where such land lies for the appoint
meut of commissioners to appraise sucl
damage, and said County Court shall hav
all the power and shall proceed in the sam
manner to appoint such commissioners a
the Supreme Court would in such cases.
SEQ 6. This act shall he deemed AM
taken to be. public act and shall be con
strued favOrably and beneficial for al
the purposes for which it is granted, Blu
shall be under the control Of the Legis
lature to alter, amend or repeal as tn
public good may require.
SEC. 7. This act shall take effect fror
its passape