The Waynesburg Republican. [volume] (Waynesburg, Pa.) 1867-18??, 1868-01-22
2Sconesoog, San.erp p, 1858.

SECTION o. Whenever the foregoing
provisions hsye been complied with,
the persons named as corporatols in
such articles ofassociation are fully a,r-
thorized to carry into effect the objects
named therein as fully as any corpora
tion heretofore created under any
special act Of the Legislature, and said
corporation thus created shall be
entitled TO exercise all the rights
powers, and privileges, and be subject
to all the restrictions and liabilaties of
the general railroad law, passed the
10Th day of February, lS49, and the
several supplements thereto as fully
and etiectually as if said powers were
specially incorporated in said charter.
SECTION 6. Whenever any Railroad
Company heretofore incorporated or
created and incorporated under the
provisions ofthis act, shall, in the opin-
ion of the Directors thereof, require an
increased amount of capital stock they
shall, if authorized by a majority of
the stockholders, iilewith the Secretary
Of the Commonwealth certificate
setting forth the amount ofsuch desired
increase, and thereafter such company
shall be entitled to have such increased
capital as is fixed by said certificate.
SECTION 7. The number of managers
Of any company incorporated in pur-
suance Of this act, shall be a President
and not less than six nor more than
twelve directors, as shall be fixed by
the corporators thereof at their first
meeting to choose directors of said
company.
SECTION s. The Directors of any
Railroad Company created under this
act shall have power to borrow money
not exceeding in twenty thousand dol
lars per mile, nor more than the amount
Of the capital stock subscribed, and
issue bonds Of the Company therefor,
payable at such time, not exceeding
fifty years after the date thereof, and
at such rate of interest. not exceeding
seven per centum as the Directors shall
deem best, and may secure the payment
ofsaid bonds and interest by a mortga-
&c on said road and franchises.
SECTION 8. Any Company incorpor-
ated under this act shall have authority
to construct such branches from its main
line as it may deem necessary to in
crease its business and accommodate the
trade and travel of the State.
SECTION 10, That roads constructed
under the provisions of this act or
chartered under the laws ofthis Com
monwealth, shall have the right to cross
the track Of any other railroad in this
Commonwealth; provided, however,
that the cost Of making and keeping
such crossing in repair shall be borne
by the road crossingthc track ofanothor;
and provided, further that the road 50
crossing the track Of another shall keep
at such crossings as many persons as
may be required to give the necessary
signals to prevent accidents.
SECTION IL. That roads constructed
under the provisions of this act shall
have the right to connect with roads
ofa similar character within this Com
monweaIth, or at the line thereof, upon
such terms as may be agreed upon by
those who have the management of
said roads.
SECTION II. No director, officer or
emplQveeof any road chartered by this
act shall have any interest directly or
indirectly in any express freight line,
or other business conducted upon said
road, notthc property Of said road, and
any violation of this provision shall
subject the parties offending to a fine
OF not less than five hundred dollars
nor more than one thousand dollars.
SECTION 13. All acts heretofore pass
ed inconsistent with theprovisions of
this act arc declared to be null and
void.