The New York herald., 1871-03-29

sons usually inserted In acts with respect the constitution
nas SSmp,nss s for carrying dsasngs of
pWhsa, nasa,e 'ae preamble 10 which Is as follows
sundy provisions rsns % The consutioa and the man
tie ss %
Ss o ~ snsn he s
provisions In each the several acts relating 10 such an.
Ss n; y sSsos Ssa.s 1'
Majesty with the advice ssd consent SG't o e
spiritual va, and temporal and By The authority Of the
a 'SR ssf Tss
ssaf @ an c 50
ne sas M be expressly varied or excepted by such act
s s yas .s sh &c
@ s ba ana ana sh Sss M and
a be &c ted with 81 such act shall
Section ss Of the act provides ss The
aioresaa Inc decte to supply the place Of
nS sSess na%
Ss5 % e G Ss a the n $
Instance dssrmi9ed by ballot the direesor unless
ss 81 70 a he ias s s
By Ss s Of uGn
s-. asy shs Otherwise h agree shall 60 out Of ofcs
Sc s' &: Ss e. % s
number and no number 30 prescribed The remainder Of
ss fd Ss N srsa a
ay S q the
number and lf no number be prescribed onethrd
once 50 ONCE and their places shall Supplied
% @ ma, 81
and such re e election : with to the son
The number Of directors retire.
81 To rs nd: By and The
each determine what number Of directors nearly
shall s. oq es Ss that the whole
An act with the same title passed for Scotland, and
The Advocates o the Bill before the committee who claim
d lie English railway cs%psay have not as%pssa 70
show to us that the operation OF the classification section
above set forth has been dsapproved In its practical
Before is45 had been usual to insert classification pro-
approval and reanlrmsnce Of BY Parliament, and
ysd has It's place in nearly every railroad charter in Eng
Our statute books from 1873 down to the present time con-
tain many acts embracing the principle of
goIaon ressa. Lass 2 sis nsG and
o
bracng municipal charitable and eommereia objects pro-
S'Gf i .sa t0r Classifying the trustees managers
under the ss COM
the late Convention reference the judi
impetus 70 development.
OF the national resources Of the Northern States and in
prior 1889 rendered apparent the necessity for consoda
a S ta n! IS Rss es 81 ssn:y
wanna, Illinois Ohio. Indiana, wisconsin and New York,
o s o s the
Oh hs in sySr % Of e
elias: stock and holders company who held
for and mot s ~ or hs1
policy and Of properly in yhsh they desired
made 10 the Lessaturs Of fennsyvsna to 50 modify the
charter Of The company to give degree Of 70
:ssySss Of only PORTION Of the should mate at
the principle ss one familiar to the State as applied to mun
nS Se sW d IL n s % in
ss sosrs sS d Il @
Ss ns o na H9Ss
sis::s
@ ns.. ssesen as sssS Us"
bond holders shah ess. only The members Board
q period Of
Signed John Clark Speaker Of the House S Represents
Approved the 81 daJ Of February, Ammo Domino lsss-
further state that BY virtue Of the power conferred
& S the sw ss the
nlsa The asssgianss With the Secretary Q, state
:sSs ssSss,
service eIpifes annual Election in 1916 Third
term Of expires a. The election III Foas
aans Edfsr Ia
in 1872 SO the shareholders have been heard from
@ . @
not doubt that the stockholders would collectively approve
forth the acts passed in Illinois, Ohio Indiana
and Wisconsin.
general system Of Railroad Incorporaion,s approved
November D, A.p io4s - a.. .., - a., :,
ss he sh's Be-
e under y o 1Ss S
e s a IF sssSu.
numbered consecuvey The term Of once Of hs r.
to expire on the the day 0 the an election e said com
Thereafter and the class years thereafter At each
Of S % f o
fled in accordance with the bylaw of said company.
be ssf sse
he q ns sense 81 osn Psms
Governor.
better regulation Of railroad companies and
e protect the rights OF minority stockholders passed April
ssoTioS Be enacted By the General Assembly Of tho
any railroad company whether organzed under general
s
q 10 RE sSs s1
inmate their oncal term directors the first annual
election thereafter and one-thrd the next annual cleo
ion thereafter and remaining third At the nsI succeed
ton succeeding such cassiaesep when e term Of the d.
ANNUAL election thereafter the stockholders shall elect rcc
tors Tor three years take the places Of those retiring aqd
board shall be Alled n the manner prescribed by law
sFo. II shall be lawful for the stockholders OF rail-
road company whose railroad 10 wholly partly within
this STATE any regular election Of directors thereof TO
classify and EJECT said directors that onetbrd thereof
shall serve for one year for TWO years ap remain
thereafter the stockholders shall elect directors 10 take the
place of those whose term expires and no person
sha have been regfered ssockholder Of such railroad
registry of said stock TO be made in the book kept the
principal Office Of such company. -.S.-f
Sec The provisions OF h4 shall apply railroad
companies .aeh & there % who's, bondholaers oheE
directors such the necessary direct
classification provided for in the first section OF this shall
be the required TO elect directors Of such
This act shall take effect and be in force from and
after it's passage 49,, 49,
the Board of Dr.