The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1870-12-23

AIRS for the regulation Of the term OF once Of It's Of
scers and their duties and o. carry out the GENERAL
%ssap .t p'espr frSsasa Tns, .aeS sy.s~' shall
not conflict with any law of the Uute states or Of the
territories q COLORADO and New Mexico, or the States
src. 4. Asd 10 JsStAer enacted, That the oorpor-
aors named In this act shall he the directors for Tie
until Others are elected and thereafter annual elec-
tions Of DIRECTORS not less than I've OF cre than nine
In number shall be held BY The stock holders At meet
ings lie held r that purpose, at which rsc, share
q STOCK p,e.sn, X pe,n 2, * rSS h sn , s
SIC. 5. Ard b further snaeted,. That the general
o5rcts Of such corporation are, and arc hereby de-
smisr.iioa 70 and establish .stie@ents on i,e lands
% said company In the San Louis r.rt 70 The Teri.
herewith, % estabIsh such agencies q u may deem
desirable 10 purchase, hold, lease, SELL and morxafs
Any rial estate 'i.a.,. IN u. One San Ioa: r.It In
tr..t q, p any Q, the person. ns%sd In ne nrss
sane 10 establish, maintain. and operate wagon roads
to and upon Us ptoperty u construct and ma,ns.n
said company ~ te san Louis Psrt, % the nearest
and most practicable point on either the Kansas Pa.
esc rsilrosd The un,on Psclnc rai,rosd the Denver
Fe railroad. and the said company for the purpose OF
bsidine and operating such railroad, shail have the
States nom and between ne points sfore.a ,e ssid
rsht OF way being % the extent OF two hsndd feet
Ss 81 \. s 20
N buld and operate en- railroad for The transports.
uou Of freight aud passengers, aud % collect ard re-
celve compensation therefor aud the powers, privi.
leses aud franchises conferred corporations BY and
under the sions VI chapter eighteen Of the revised
statutes Of Colorado. u any and all amendments
thereto, are hereby confirmed 10 and Invested In said
corporation, subject 20 said statutes for the purposes
OF this act rosidei, That this act SHALL not be-
srucd W permit said company 90 acquire title 10 any
other lands or real estate than such ~ 10 above me-
toned. ........
SEC. G. And BE- q harfher enacted, That such COR
poration msy make aud dispose Of is boDds other
obligations In such amounts at such rates and such
terms may deem most for It's Interests, for the
purpose of borrowing money the purposes afore-
said, and may secure the same by mortsase upon all
or any part 81 Its property and all i franchises, and
may make the same and the Interest thereon payable
Of such place places ~ u may deem proper, and
may hold and transfer such real estate Aforesaid and
personal property may be necessary for the carry.
Ing out Of lie general purposes and may Issue It, stock
and bonds for property and again exchange ts proper
~ for its bonds stock, and convert any of Its
obligations nc the option OF the holders Into stock of
The company without further action Of the stock
holders.
SEC. I. And BE- 70 further enaefed. That this set
shall take effect immediately and shall at all times be
subject amendment repeal by Congress- and said
shall he subject Co the general laws Of said
Territories and the states formed therein, operating
upon all corporations equally.
Approved, July q, 1910. ''|