Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1867-04-19

appointment as such, "a aforesaid, die or
remove from this State, or become incapa-
bic of acting, application may be made by
any siener Of the instrument of assent
wherein such commissioner was named, TO
the Court of Chancery, for the appoint.
ment of a commissioner in the place of the
ones so deceased, removed or incapable.
And said court may make such appoint
ment. upon such notice OF said application
to parties in interest, as said court may
direct. And the person so appointed shall
be a resident citizens and taxpayer Of the
town for which he is appointed. And shall
have the same powers and duties, as if
originally named in said INSTRUMENT of
assent.
Sec. s. In case the conditions exp! essed
in any instrument of assent that shall be
signed by majority Of taxpayers Of any
Of said towns as herein provided, shall re-
quire the issue by said towns of any bonds
under the provision of this act, then the
treasurer and selectmen OF such town shall
make and issue such bonds, in accordance
with the requirements Of said conditions.
And in case they shalfail to make andlssu
the same for a period of thirty days after
a demand in writing therefor, made upon
them by amy party entitled thereto, or en-
titled TO the money to be raised thereby,
then the contract, subscription, or purchase
specified in said instrument shall be Wild
against said town as an immediate liability
the same as if no condition for The issue Of
such bonds had been contained therein.
Sec. 8. This act shall take effect from
its passage.
Approved, March %, 1867.
An act to enable the Benning on and
Rutland Railroad Company TO aid in
obtaining necc sary Railroad connec-
tons.
II is hereby enacted, sc.
Sec. /. The Bennington and Rutland
Railroad Company are hereby authorized
and empowered TO subscribe for, purchase,
or acquire the bonds of the Lebanon
Springs Railroad Company, corporation
existing in the State of New York. or the
bonds or stock of any other Railroad
Company, now or hereafter organized,
whose road may connect with the B5n-
nington and Rutland Railroad, or with
any railroad connecting herewith, in such
manner and direction as to afford to said
Bennington and Rutland road, communi-
cation by railroad with New York, Alba
ny, or Boston. And to hold, or to sell,
assign, or dispose of such bonds or stock,
upon such terms as they may think proper,
and to guarantee The payment Of such
bonds, or of dividends on such stock, and
10 make any contract incident thereto.
Sec. 2. The said Bennington and
Rutland Railroad Company are hereby
further authorized and empowered, to is
sue their bonds, at rate at interest not
exceeding seven per cent. per annum, pay
able semi-annually, and TO execute a mort
gage or deed of trust of their said railroad
and franchise or other property, or 10
pledge the income thereof eitier for The
purpose of securing the payment of said
bonds, or of securing the performance of
any guarantee or contract that may be
made by said Company as authorized by
the first section of this act.
Sec B. No contract shall be made by
said Company under the authority con-
ferred by this act un'il such contract shall
be authorized by vote of the directors of
said company, and approved by vote of
in amount of the stockhol-
ders of said company, at legal meeting
thereof
Sec. 4. This act shall take effect from
its passage.
Approved March %, 1867.