The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1871-05-19
North and West Branch Ra,lrond.

An ACT TO ISconpoRArE THE NORTH AND WEST
BRANCH RAILROAD COMPANY.
SECTION | BE IL enacted, &c, That l..
ID. Shoemaker, Benjamin f. Pfoutz and
Peter Pursill of Luzerne county,
Michael Meylert of Sullivan county,
Benjamin s. Bently, John B. Beck, Geo.
w. Lentz, William Brindle of Lycom.
ing county, Michael Grove OF Montour
county, and William Neal, ID. J. Wal
Ter, James Masters, Johu j. M'Henry,
DIR. D. III. Montgomery, Robert +. Clark
ofColumbia county, or any five of them,
are appointed commissioners to open
books, receive subscriptions and organ.
ize company with power to construct
a railroad from the borough of Wilkes
barre in the county of Luzerne, along
the south side of the North Branch Of
theSusquehanna river, to point oppos.
ite the town of Bloomsbury, in the
county Of Columbia, and thence by
bridge over said river and by the valley
of Little Fishingcreek to the city OF
Williamsport, by the name style and ii
tie of the NORTH AND WEST BRANCH
RAILROAD COMPANY, with power to
| construct branch from near the town
OF Bloomsburg up the valley of Big
Fishingcreei to connect with any ex.
isting or projected railroad in Sullivan
county, with the right TO connect with
or cross at grade any railroad now made
or hereafter to be made within the coun-
ties of Luzerne, Columbia, Montour,
Sullivan or Lycoming, and with the
right to build branches rot exceeding
ten miles each in length.
SECTION .. The capital stock of said
company shall be two millions of dol
lars, divided into shares of twenty-five
to be paid at the time of subscribing,
the residue to be paid in instalment5 as
may be required by the directors, with
the privilege of increasing the capital
stock of said company from time to
time to an amount sufficient to complete
said road and provide the same with
necessary cars, locomotives, machinery,
water stations, depots and whatever is
necessary to proper construction and
working of said road.
SECTION 8. That in case the president
and directors ofsaid company may deem
it necessary in order TO complete and
equip said road they are authorized to
borrow a sum of money not to exceed
in amount the capital required and to
issue bonds therefor on the faith of the
road of not less than one hundred do
lars each, at rate of interest not to ex-
ceed seven per centum, and to be re-
deemed at such times AS the president
and directors may agree upon; said
bonds to be secured by a mortgage upon
said road, its rolling stock, real estate
and the franchises of the company.
SECTION t. Said railroad company
shall be empowered to construct Il safe
and commodious wagon way in connec-
ton with its bridge over the North
Branch, and in the event of the COM
missioners of Columbia county paying
at any time sum equal to one fifth Of
the cost of said bridge the said wagon
way shall thenceforth be maintained by
said company as free bridge for public
use.
SECTION 5. Whenever any portion Of
said road or its branches shall be COM
pleted to the extent of five miles, the
company shall have full power to use it
as such to all intents and purposes as
far as completed.
SECTION G. The said company shall be
entitled to all the privileges conferred
upon and subject to all the provisions
of an act of Assembly entitled can Act
regulating railroads." approved the
nineteenth day of February Ammo Do
mini one thousand eight hundred and
orty-nine and its several supplements,
except so far as the provisions of said
act are hereby supplied. approved,
Mag 1871, 1871.