, 1869-02-06
f3THEiRAILRoAb'BltL.


roads osasal.ed end dotng baslae.s, OF waieh
may hereafter be Organized md 40 hudine9s, su
q ,s 3 Il g. eh e
Ut @ s1sateT rsts feE tee eoa7syszesof passcagefs
at .haa ss ~. no. o. is :.ean 9 ~
siI aeelsft. .h.. a,,sr the a1as dsy % of {, March:
1eas no Euca railroad corporation snall ehsrsu Of
9e.,es =, s9'' ssn over tb.s ~ ssss en sS' pr
ss :a5 ssasT r. s rss e
eorpor.uens 70 thar s@p.oyss {; fSr taking .
shsa % L ~ suns ~ nuitsd eS tsis ses T1e ioasth
section defines saa a1e: = tne e nssnsne q tns term
"1saa Hhsn nsea a. a. u To se
not 10 sppis4n,s 70 hoIse Ea1ltoAd1. and sean not
&c construed nor bAve the effect 70 RELEASE the
nsa; ot the per centam of III gfoss pfoeee4s q
IL earnings u proy!dsd !; u u, CHARTER. Tbs
a.h ss ion sssass ~ ~ h,eS ,l1S.d' sssi sox IL
Be- eorsuncted. nom The operation Of thu 70.
s,r,ct1uus coulalned II This act for Tho term al
NE t: a :ss 5s1s ss b.
tbiEty miles Ia lahfta ars excrpsod nom tes nnt'
tsilon Of rates, utless such !oada RhA!l- tecome
uo1ur other lie Of rulrnad; and II II farther pro-
vl1td lhat tho Ect ahlli rot to construed 70 A. 10
tnnpoee xtI Rrtats Ecstrtcnon rpon nf!solds
Il Is Iot to b derssd lhat sss bill I. concs,ysd
se ~ a 70
cents Ter mtie II bel'tTed to afo:d lfb.tal com
pertaunn 70 tho oNrass Of r1'fruada for the scr
uncer Ill o.ciuasJ Clrenn stAncst. aai tbs excop-
lion made II the oil IN favnr Of now enterprises
rhss n
great AdsAntages orek tnt otter ano btstet cs,as~
htoed liEes. Tia At nust also b regarded i.
peepls ot the ss.se III iss suejsss TO 70
which It bsIoncs tust!r dsmatds lestslsd1s
The c1tcusivo application OF The corpor+:e ra-:h.
% TO oyEsn1xat1on, Ii modern uuts, the Iaclli les
ties oi inci1teua'ity o. COLLECTED md cnanaisr
body OF uep. and the employment o: the!t unltei
mann a1a rest urces fo1 soac con aoa objscs Of
hle that At 40 d.asapt period The p.lnelp e. IN Ct
proper Eeatsa:9ts. snd ~ aatqua'e gua-aa 81
p.ss ohes sasssa =
t,ety q business HneEe unity Of effort and uaae4
| Rhass1et may fass bcen tho prejudice OF the
people Of The ssatc, 1t au earlier period III o1F
owl history, scalnes cotpoEataona. ana however
| gfntral aLd deep-ssatad Tho conviction Ia that
| With thelE tEms nsc capitsl md the puHef they
potBesr to utire and eo1a uuAts theIf p:opei.y
a. tss IL ss1 81 Us
% stctn, ano sre hereafter to exercise ereu more
important influence on onr an4nc:,l and c-opo--
ii ,ss sfs., 4 eonassretsi IL nj ~ tnaasss'. ai
enterprises OF tss e-un,ty ra manaFsd py
& 'esHss
road. e.tsls: iiees = bait: ia seiepiss apon ls
andstudeed- connect tnemselvss With o. undst.
IN every prof; able parsuit. Under iness clcQ a.
ktase To tey1se some wise. t1st ana e11c1cnt sys-
tenn for The proper re- nat,on ID control Of ,nisf
e,ts 70 ~: 10 ,s'Ta ,ss .n'cn =. ~ ~
Stse1cls, Ut That IT ip'' Tll psou.ots TO- aaA ths
property of the BtA and II .he sane ttne con.
The very nature Of corporations or thas rrsuit
from tne lavless md q spirE spirit which NJ.
A. lesdtrR to thia desisabe result It 10 eec.sAa-
| n, htst, u determine Win certainty Whit raea.-
u1es 70 that end within the Constitutional pow
trs ef tie General Assembly; hut Ia prescribing
this tIqnlrJ II must Iot no forgotten th4t 10 l1s
e = nes:s # !ss ssly pr q f.
ssa ITO s !s'se ssn:s e dsp.ftnens: r fDsss d.
~ 10 70 ,soss ss,t r1sh .;s
Of peftons, ,pelne enc o. those department.. sasil
q the othef., e1cepl ss eeirirxitef expressly ~
z.eted or permit, ard ali aex 10 contrayensiou
0. this section shall Dc rod. The general lncor.
| poia Ion laRa OF the 6uts and tue specIal
IL, ME. for The creation Of incorporation which
we,e deemed By successive Genert Assem- ,i,es 10
he Ct spntIeut puhne lnp,uxrce TO merit tcat
method ii eteour.Femsat aie IN themselves
comp, C., md If ~ saotion Of no coas,1,u-
pores. For specific eontidtrsuoEs they lander
70 corporations who stc tnstted t., accept
tber n important 20 r4lashe fr.neal.es. Tno
tnse, II Are Coupled With such eoSattlots as 10
teets ntnsfen Mt and uee a. the G-nGA a4.esa
bly have thought proper 70 prescribe, and tho Q
nire hlse- aru r vt4eges, when seee2tea oy per
ks.ns 10 whom 4 red. become bint.nS upou pat
uts accepting them. I'd npoa ss1e,plee eflesson
i hi tss,epcnt u Il, ss..noas of he STAG 10
tie ps,sons incoFearascd is correct, 1t
nag 1pueh e 'ih1sa hs apr spp,opst. ''ts aspu'sa snS
Of ,be Rovtrrntnt h:s, for RI asons OF ad1Anlsgs
i, af e "a 70 Tso pl5
i.seli in - c,al tEAetn and suca ltaIts md
eas g 'ssesfi ds'
tto ta.r Of ne s,sse, &c Ing tnEooSh II. Le4Hla-
e1se s &C .ee<p.a D. ,he.s !" 1aoa n 4t % = n.as ,hs s
taLe es npon i,ten The qualities or 4 eonuae., and
eaass @ sapjee; se jaaiet.i eonaS. saeh eoars:, co..
upou ~cli settlsa pttnetplts Of CONS isustoaa 4!
,s Fesa sssass q o;
yerlan b7 she Legislatures. This r1x4u D
! tie corporations 10 FIR n they arc tnvoly. /
bes Of recall q chsz9e, aad ara Therefore, onli
! ! 70 10 MGR sined. ae,.rmtned AID enfo:csd 81
.1.en e : 'ns a.. II .
powers. The o.s u dtr euas Is then> II
, ny >adsn.at. ohteet1onable hseaats Il assaesct
.se,ssi, leet.isuss etrs,s..3s = 90
ears.es viii il .u tho eoTgoTatoFs md taose she
i | vces krd thts incidental tcwef Is eo.hEnstd b.
the fro'is,ors Of she gnrFsl railroad inv, and u.
| x2.l:u4d4 have bern Constructed and operated L
shts sac. 1bero Ia tnsn. - ce,1ere. NJ douol
ii. ht of rs,Io4d Corporations under Iaese con
: t,ae,s E1th the Sthte 10 demand xua eollee
, : crn1 1.sut at,on for tbs tf.ns2o:ss,lon Of pts
( ens irai TIC poser to dote.s the night alla
: g-thts reslesf in the General Assem- oiJ-- To
hight. Il being. then, assumed - N und+nla II
> I. 70 yt-sed In ssi:soed cosposauoE. ~ th.i
ture 10 ett,o>. acc thcif chat1sss eantatl4sx u
l words ~ which TOE rasAsusr Of the Ei4at u lin
trx Tho iim.sstioas tsas, Dc N ri'6 tec cof.ora
= lions Interested of In scme or Ill u the uep4r
), meln = .soresrm-nt ot tho sta:e. Al
? :..ss a ,bstf -, own s,ss1s:.oe, % es7ea
/. nstct1snoIs thas Ea'E.t u anvetted i, il
II tbG teo G.n fal Aate nolY E2s no 20 yer 70 COZ
! kr upon them the authority to e1cius.roy ds:e
9 MI . ne mtasure tt thsif osn rlxh,a. fhe "a
t. t~mut q tnrh corporations hare rights ~ "a
= aa oass,;o @ = mge1 sse1, ar ds@.9
). I or eclfls'ent With correct prime pies 10 a4.e
!, snen power fur .hs General Arsembly. It
true. ktd 1t mist be co. edettd hat no suca flGi
Z | 10 I tbs rates for Ito rxrapGrAlon at plssei
y GER !. di:;,,s.fI elAnsd p5 ne sill. ]; %
rea b. ste a. rare X po.ed b. !, i e,Ies5 II e sz
a rtsts asot c up d cit1n Of power N the L.y II
a tnlr- 70 eetEn-l lie the quesno! by fstrs oT +
" atlcus. The RTE ee1ectcd mar ee II tbs publ
ought, with rtfer nca TO the TIN -p!es Of tust1
c q Feasen = be ieau1rsd to pay for the serri:
tpectded IN TIC bill. q It mar b 1aore u "a Il
IL eozprtattdns might IN conscience censnd Il
: tneE eons'ceIauots alote dtn3tstsa.e te.t =
- TIL cannot exist u ihe maximum rate ii 0 y,
y b the I'LL IL. under any c1cumstaEeca, M
q thin &c taoise sin 1osuca a7xak u oe .squ4t'
= Be pfn's1sd to oensna it Il It i 17oTe Inn t
Z Estls ID 1rPerauoIs embraced within rhs pi
r s:alc<s,s be permitted % dsn1na. 1heT oa III
y 70 M psoh1bst ttom dv!rg 70 Il &aci ths bill
. S..sG upon %:eeDsepdo2 nj = Il: r.sa:. .: :!
). ot TIE c. sp.ss,e tscchsaea nd shs sfase. Il
enes q ws E. paos , Ct Del
y hu1.ssea, 'o1 = reasonable seVlfa, sa.
ae neople 1T nv ,;,sts sea esRstd IT, pettonsres
rHa.ion O pa.t=rRess under ans eirea etrra
y etaleet. Erst, IN tne nature OF things, de7e
!. uoon taete, lat can only be tEyesugsted Il t
-. hazssa. orxa1 tzr4 tor tic parpose. It II to- :
conEs to II q1tfc IEto the fslf1. TO cons'r1a &C
10 r.es. nd nasil5 aa'adieaie apoa the tist e
IS cfpepd upon thEn Tae bill unucf eoltfde
In tioD. men. 20 liz - It peepossd to establish
eY OF for 4hs tfxnspoztssou OF pss*t
~ Heff, foandtd A1o1e On 1hu Eu1bof1ay Of I
., 4.tesal Assembly, Irrespective Of ths
- tet measure Ct right which nlght !1p
se Etc oblEafons Of the contract OF t
"a: stats. aIn Il IT stsa Tor It's supp-r, npaa 4
nd Claim ef tie General Assembly OF hight 70