Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1867-04-10

Wy hobS Va tuO ollSSt"ip
said company, and approved by vote
three fourths in amount of the stockholt
ers of said company, at legal meetin
thereof ....... ..
S4. This act shall take effect from il
passage.
Approved March %, 1867.
An Act to incorporate the Rutland Rail
road Company.
IL is Hereby anacted etc.
S |. John B. Page. Edwin A. Birch
ard, Peter Butler, John B. Taft. James
Whitney, Aaron B. Spencer Frederick
Chaifee and John s. Eldrhgc. bond holders
under the second mortgage or deed of trust
on the Rutland and Burlington Railroad
in the State Of Vermont, associates and
successors are hereby incorporated under
the name of the Rutland Railroad Com.
pany, for the purpose of holding, main.
tanning and operating the said railroad
and as such shall have succession and be
entitled to all the rights and privileges Of
corporation.
So. The capital stock of said corpora
tion shall be three millions Of dollars div
lded into shares of one hundred dollars
each. And every holder of bond
secured by said second deed of trust
or mortgage on said Rutland and
Burlington Railroad shall be entitled to
surrender the same to said corporation and
to receive in lieu thereof one share of cap.
ital stock for each hundred dollars of
principal and interest due on such bond.
IS. This act shall rot take effect to
incorporate said company unless the hold
ers of taree fourths in amount Of the bonds
issued under said second mortgage shall
within four months after the passage of
this act surrender their bonds as hereipaf-
ter provided.
4. John Prout and John Howe. Jr..
are hereby appointed commissioners whose
duty it shall be to give public notice in
one newspaper published in the city of
Boston. and one newspaper published in
each county through which such road runs
for three weeks Excessively, Of the time
and place when and where they will sit
to receive subscriptions for the stock Of
said corporation in exchange for tie bonds
aforementioned. And the books for such
subscription shall remain open at least
ten days after the last publication Of such
notice. And said commissioners shall at
the time and place appointed proceed to
receive such subscriptions aud to receive
the bonds in exchange therefor. And
no such subscription shall be received
for greater sum than the amount due as
hereiu provided upon bonds under said
second mortgage, actually deposited by
the subscriber at the time of his subscrip-
ton with said commissioners. And if1
the holders of three fourths in amount of
said bonds do not subscribe for such stock
in exchange therefor, then said commissi-
oners shall return to each subscriber the
bonds so by him deposited.
5 g. When the holders Of three fourths
IN amount of said bonds shall have
subscribed for such capital stock in ex-
,hange for said bonds in the manner here.
a provided, said commissioners shall GER
ify the fact under their hands and seals,
md cause such certificate to DO recorded :.
n the Office of the Secretary Of State. :
Ind said commissioners shall then call 2
he first meeting Of said stock holders for !,
be organization Of said company. to be /
olden at Rutland on some day by said
commissioners to be designated. And ten ee
avs notice shall be given by said CON- is
'issioners Of the time and place Of said &C
Getting OF each of said stock holders, VI
Their personally or by mail. properly d.
'cted and post paid.
5 8. The officers of said corporation ~ ~
ho shall be chosen OF said first meeting tr
all be not less than Eve, nor more than Of