The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-02-10
LATEST BY TELEGRAPH.
Legislation at Harrisburg g-Rail-
read Corporation Elections
A New Bill to Regulate
Them - The BrOd-
head Murderers.
Financial and Comm erc2al
FROM HARRISB URG.
Text of tho New Bill Regulating Rail.
road Corporation Elections

HARRISBURG, Feb. 1O.-The following is the
text OF highly important bill, affecting every
railroad stockholder, now in the Senate II
was introduced in the interest of the Fort
Wayne Railroad, but IL is general in its appli-
cation:-
An Act to Regulate the Election OF Directors OF
Railroad Companies and to Prevent Frauds
Section /. Be it enacted, etc. That no person
shall be admitted to vote at any election of
any railroad company by any proxy for the
giving Of which any money or other consdera-
tion whatsoever shall have been made or pro-
missed directly, or In any other transaction In
shall be absolutely void. That no person sSail
be admitted TO vote in person on any stock
boards having the privilege of voting in any
election OF railroad company who shall have
receive or been promised any money or other
consideration with reference to his vote. nor
upon any stock or bonds, the real owner of
which or the person in whose name the said
stock or bonds may stand on the books of the
benefit Of either. shall have received or been
promised money or any other consideration
with reference to the vote thereon. That no
person shall be admitted to vote on any stock
of which he Is not the real owner in his own
right. or under trus. expressed in writing at
of authority from the real owner. in such form
as the by laws of the company may prescribe
muted to vote upon any stock which shall not
have stood in his name on the books Of the
company for at least sixty days prior TO the
election. That no person shall be admitted to
vote on any stock which he shall have sold for
future delivery, or contracted to sell similar
stock OF the same company against stock so
held by him, or any stock other than that
which he shall hold in excess of all amounts OF
stock which he shall have sold or contracted to
sell for future delivery, nor upon any stock
which shall have been transferred to him, or
obtained by him for the purpose OF voting at
Section 2 Any person being trustee, broker.
banker, sgent, pledgee or other gdl<ctdry. In
whose name stock or bonds entitled to vote on
any election of q railroad company may stand,
who shall give proxy to vote thereon, upon
Consideration. direct or Indirect; and any per.
son who shall vote or offer to vote on any
tns Aforesaid shall 6s deemed gaIisy
of q misdemeanor, and on convict ion thereof
shall be subject to fine not exceeding twenty
dollars on any share on which he may give
piisonment not exceeding so days in the county
jail in the jur isdiction OF the court.
Section 8. Every person authorized to vote at
any election of a railroad company may be
challenged by any other person authorized to
vote at the same election, and in being so chal-
lenged, sh all be required to take the following
oath, which shall oe administered to him by
You do swear or affirm that you will true
answers make to all questions put toyou touch
the act of the Comm monwealth OF Pennsylvania,
entitled An act to regulate the election of dIrec-
tors or railroad companies, and to prevent
frauds therein"
Ifsuch person refuse TO answer any / n terroga-
tory affecting the qualifications qua Ions herein pre-
not appear to possess all of the said qualihca-
tions as 10 any stock on which he may offer to
vote, IL shall be the duty of the inspectors to
reject his vote on such stock.
Section T. No person shall be permitted to
vote upon the proxy of 8 stock holder If his vote
Ds challenged as aforesaid, unless he shall pro-
duce, annexed to such proxy, an affidavit In
such form as the bylaws of the company may
prescribe, stating the same facts to which the
oath of such stockholder might have been re-
quired upon a challenge. had he offered to vote
In person on the shares mentioned in such
proxy, and shall be subject to challenge and to
examination In respect to his right TO vote on
the proxy, and right OF the stockholders to vote
on the stock for which the proxy was given, in
the manner provided In section I'd of this act
and all the provision of said section, SO far as
applicable, shall be applied to the case.
I'VE insert the following explanatory note in
reference to yesterdays report
Philadelphia I'd Mo. 10, 1869-R1itors OF EUe-
ming Telegrdph!-In your report yesterday of
the business OF the Legislature at Harrisburg,
your correspondent mentions q bill requiring
the Provident Life and Trust Company to df-
vide its profits arising from the life insurance
business among its policy holders. AS this
statement may be liable to misconstruction.
will you please mention that this is simply
declaratory act, passed at the instance OF The
company. Very truly, &c,
SAMUEL II. SHIPLEY, President.