Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1867-10-30
said commissioners shall have made and


same shall be binding upon such town.
4. The commissioners so appointed
shall be the agents of such towns to man
age in their name and in their behalf fsuch
stock or bonds, and to attend to and pro.
vide for the interests of such towns in
relation to any contracts Of guaranty by
such towns; and in case Of subscription
to or purchase Of the capital stock of said
railroad company, said commissioners
shall have the right to vote at all meet
ings of the stockholders of said company
in the name of such town and upon the
number Of shares held by such town.
s5. The commissioners SO appointed
shall continue in Office for the term of
one year from the first day of April next
following the subscription, purchase or
contract go made by them, and in case of
the death, removal, resignation or disabil.
lity of any such commissioner, the vacancy
SO occasionod shall be filled in the same
manner as is now provided by law for
filling vacancies in town Offices, and after
the expiration of the term of Office of the
commissioners SO appointed, the selectmen
of such town shall be er cticio commits
sioners to perform the duties hereinafter
provided for
| Sc. Any of said towns is hereby au-
thorized and empowered to make and issue
negotiable bonds at rate of interest not
exceeding seven per cent. per annum,
specified in annual or semi annual coupons
thereto attached, for the purpose of carry
ing out the contract, purchase or subscrip-
tion made by the commissioners of such
towns as before provided in this act
Said bonds or notes shall be signed by
the selectmeH, and countersigncd by the
treasurer Of the town issuing the same,
anu bDdll w udIou duu uumbtlCu anu
registered in the town clerk Office Of such
town, and certificate of such registry
shall be indorsed upon such bonds or
notes. And the treasurer and selectmon
are hereby authorized and it is made
their duty to issue such bonds or notes
and to pay over the avails thereof to the
parties entitled thereto by the terms Of
such contract, purchase or subscription.
7. In determining the majority pro-
vided for in section two of this act, refer
ence shall be had to the grand list of such
town, in force at the time the first certiG-
cate Of assent is made. And when the
estate of any person. deceased or under
guardianship, or any estate in the hands
of trustees, shall be included in said list,
; the executor, administrator, guardian or
e trustee representing such estate, is hereby
' authorized to give the assent hereinbefore
:, provided in behalf of such estate. In
t case the property Of any corporation is
!, embraced in such list, the majority Of tie
: directors of such corporation may give
c such assent. And where any real estate
;, included in such list has, since the max.
. ing Of said list, been conveyed, the assent
d herein provided for shall be given by the
i person or party to whom such property
e has been conveyed. In determining the
|, majority provided for in section two Of
D this act, taxpayers, nonresident in such
D town and tho grand list against such non
J resident taxpayers shall be excluded.
r S8. When any instrument of assem-
h herein provided for shall have been sign
# ed and acknowledged by the majority il
the manner hereinbefore required, th'
# commissioners named in such instrumen
d shall append thereto certificate by then
6 subscribed and sworn to, stating tina
s ssch assent has been signed and acknowl
IT edged by such majority as is required b.
e this act and shall cause such instrumen
!, of assent and such certificate to be flee
r and recorded in The town clerks office o
? such town, and shall also cause cop,
h of such instrument and certificate. certili
10 ed by the town clerk Of such town, to b.
d lodged and recorded in the county clerk
d Office in the county in which such tow
J. is situated and until said records ar
'e made such commissioners shall not process
IT to make any contract, subscription or pur
d chase on behalf of said town. Before en-
20 tering upon their duties said commission
1T ers shall be sworn to faithful perform
Of ance Of their duties, and certificate c
le such onth shall be made upon such ir
" strument Of assent and recorded there
tx with. Such instruments and certificate
te so executed and recorded shall be conclr
sive evidence of the facts therein stated
nt and certified copy thereof from citht
be Of the Offices where the same are recorded
10 shall be admissible as evidence.
IT, SO. This act shall take effect frol
I'd its passage.
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