American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1867-01-16

81. Any Stale railroad company may
at any time, by means Of subscription to
the capital stock of any other company,
aid such company in the construction of
its road for the purpose Of forming con-
nection therewhh by the road furnishing
such aid, on tha assent had of ,two-thi-ds
of the stockholders of said roads.
%. Each railroad company under this
act shall make its road and branches OF
uniform guage from end to end.
%. Companies may acquire by pur-
chase, and hold all lands necessary for
track and buildings.
"a. Any existing road may bccom
State road under the provisions of this
act. on the assent OF two thirds OF the
stockholders,
25 Two thirds of the stockholders may
authorize the issuing of preferred stock,
when .hs liap:liiies- may Aaye, bacope
greater than the aaionnt6f stock actually
paid in.
26. Provides for the issuing of bonds
to the amount of two thirds Of the cap.
ital stock, for The purpose Of raising mon
ey to construct its road and appendages,
purchasing rolling stock paying unfurd-
ed debt, etc. Bquds to.bear seven per
cent. interest.
81. The company may charge = cents
nile for freight and = for passengers.
2S. Annual reports should be fled with
the Comptroller in January Of each year,
containing full exhibit of affairs, show
ing amount Of capital stock, gross amount
>of receipts and income, cost of construc-
ton, repairs, incidental expenses, divi>
deDds paid, bonds issued and every par
ticular necessary to fall exhibit of Com
panies' affairs these reports to go to
Legislature in February. Company shall
also publish such report in the newspa-
pers.
30. Affairs of the Company shall al
ways be open to the inspection of stock
holders, and list of stockholders shall
he kept for inspection Of all creditors,
and revised list fled annually with
Comptroller.
80. Directors shall be liable in their
Individual capacity to stockholders tor
damages which they may sustain by rea>
son of the uofaithfulness or wiful mis-
management of said directors,
81 Directs precautions as to crossings,
fencing track, &c and provides penalties
| for neglect.
80. Regulates the manner of guarding
the crossings with constant watchmen,
and directs which trains shall have pre-
cedence in starting.
33, Directs as to the publication OF
rules and regulations for running trains
and genera management of the road.
"a. Epacts severe penalties for any en-.
gincer, through whose neglect of sections
OF the bill in regard to coming to full
stop at river bridges, and crossings, where
loss of life or injury to person may occur,
and makes the company also liable.
35. Municipal authorities may regu-
late the speed of trains passing through
cities, but shall not limit them under four
miles an hour
SO. Makes embezzlement or other mis-.
appropriation of Company money, funds,
| Donds, OF oJher properly, misueueanof
punishable with not less than three years
Imprisonment at hard labor in the peni-
tentiary.
81, SO and 80. Any person who shall
wilIfully and maliciously injure any track
50 as.to endanger travel thereon, or aid
and abet in so doing, shall be guilty of a
misdemeanor, and on conviction be pun
ishable with not less than five years i'm
prisonment.
40 Fines any person who, without the
consent of the Company, shall drive any
wagon, carriage, cart, or other vehicle, on
its track.
al. All roads constructed under this act
to be military and commercial roads, sub
ject at all times to the authority of the
State for transporting troops and rcate-
rials of war.
AZ Roads organized under the act tc
pay per centags OF earnings towards the
expense Of maintaining the Railway Blu
reau hereby organized,