Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1872-12-13

constructing and operating Its railroad, such COM
pany may, in the manner hereinafter provided, in
crease It's capital stock from time to time, to any
amount required for the purposes aforesaid. Such
increase must he sanctioned by vote OF two-thlrds
IN amount Of all the stock represented at meeting
of the stockholders called by the directors OF the
company for that purpose, by notice in writing TO
each stakeholder To be served on him personally. or
by depositing the same in the post-oice for trans
mission BY mail post paid, and properly folded and
addressed TO him at the post office nearest his usual
place OF residence, at least ton days prior 10 such
meeting. Such notice must state the time and place
OF the meeting and It's object and the amount TO
which II Is proposed TO Increase the capital stock
The proceedings Of such meeting shall be entered in
the minutes OF the proceedings Of the company, aud
a copy ofthe record thereof duly certified by the
president and clerk and majority of the directors
Of the company, shall be filed and recorded in tho
office Of the Secretary ofstate; and thereafter the
capital stock of the company may be increased TO
the amount sanctioned by a vote as aforesaid
See 6, Before any company formed under this
act shall commence any proceedings, for the pur-
pose Of acquiring title TO any real estate or any in
terest therein, which may be required for the pur-
poses Of rs corporation 1t shall cause copy Of the
record Of Its articles Of association and OF the all
dayit aforesaid, endorsed thereon annexed there
TO- made in the office OF the Secretary Of State, as
provided In section two Of this act, and certified TO
he a true copy by the Secretary Of State or his
deputy, TO be filed and recorded in the office Of the
county clerk IN the county in which such real
estate Is situated and shall also cause a certificate
OF location of the line or route of its proposed rail-
road, within or through the town in which such real
estate is situated, signed by majority Of the direc-
tors OF said company, and defining the courses dis
tances and boundaries Of said railroad within such
town. TO be hled in the Office of the town clerk of
such town. and recorded in the records of lands OF
said town. provided, that If such real estate shall
be situated within tho limits Of any gore or any
unorganzed township, then such certificate may
be filed and recorded in tie office in which convey
ances of real estate situated in such gore or unor
ganzed township are or may he required by law to
be recordedi and provided also that nothing in this
section contained shall prevent such company from
taking and holding such voluntary grants Of real
estate as shall be made to it. to aid in the construc
ton, maintenance and accommodation Of its rail-
road but any real estate which such company shall
acquire or receive by voluntary grant shall be held
ana used for the purposes of such grant only.
Sec. Z. Every corporation formed under this act
shall have power to cross, intersect join, connect
and unite its railroad with any other
on its route, and upon the grounds Of such
other railroad company, with the necessary turn
outs, sdngs and switches and other eonveniences in
iurtheFanee Of the objects Of Its connections And
every railroad corporation whose railroad is or shall
be hereafter interseeted by any new railroad shall
unite with the owners Of such railroad in FORM
ing such intersections and connections and grant the
meiltles aforesaid; and If the two corporations can
not agree upon the amount of compensation to be
made therefor, or the points and manner of such
crossings and connections, the shall be ascer
tanned and determined by commissioners to be ap-
pointed by the supreme Court in the same mode Of
proceeding and manner provided in and by act
titled IAN act in amendment Of section eiglrty-foIr
OF chapter twentyoight of the General Statutes re-
lating TO railroads." approved November 2 1865 for
the appointment of commissioners is provided in
the said act subject to all Of the provisions of the
said act, far as the Same may be applicable
the parties persons to be bound affected there
by, the appointment, duties and compensation of
eommi ssioners, their report, determination and
award, and the confirmation of the same by the
court, and the effect TO be given thereto and the en-
forcing and carrying into effect of the same and the
manner or mode of proceeding for the revision,
modification or alienation of the some. And the
determination and award of said commissioners or
majority OF them after 1t shall have been confirmed
by said court shall be binding upon the respective
corporations parties interested therein but the
same may at and time be revised modified or
/ afurn dir,sr
ed in the said act for the revision modification or
alteration of the determination and award of the
commissioners appointed pursuant to the said act;
and the supreme Court may at any term thereof in
any county, or at any special term thereof appoint
cd and held as is provided in the said act or at its
general term make any and all proper orders for the
enforcing and carrying into effect Of such determ-
nation and award and for restraining any viola
| ton thereof, and may enforce said orders by the
writ or process of mandamus or by the ordinary
process Of the court Of ohancery, and shall for that
purpose be invested with full ohancery powers in
the premises, and ii may allow TO either party such
costs as II may deem proper, and issue execution
therefor.
Sec. 8. No other railroad corporation shall sub
scribe for, take or hold any stock or bonds of any
| railroad corporation organized under this act
whether directly indirectly unless specially au-
thorized by the Legislature.
Sec. .. There shall be not less than five directors
| Of any railroad established under this act, and a
majority OF them shall be inhabitants of this State
Sec. 10. Iany corporation formed under this act,
shall not within eighteen months after its articles OF
association fled and recorded In the Office of the
Secretary Of State, begin the construction of its
railroad and expend thereon five por cent the
amount OF Its capital stock, or shall not finish its
railroad and put it in operation in seven years from
the time of filing its articles Of association as afore
SAID It's corporate existence and powers shall cease
except as TO so much of the road as may have been
| completed.
Sec. H. The Legislature at any time may alter
amend or repeal this act any part thereof may
annul or dissolve any corporation formed under H.
but such alteration, amendment repeal annul-
ment, or dissolution, shall not take away or impair
stockholders officers for any liabilities which
shall have been previously incurred.
Sec. r. Nothing in this act shall relate to horse
Approved November 20, A. d. 1872,
An act to enable Towns and Cities to aid in the con-
structlon of Railroads.
| Sec. /. Any town or city in this State may aid in
! the construction Of any railroad organized under
the provisions of an act entitled IAN act 10 author
ize the formation of railroad corporations and TO
regulate the same" approved Nov. 90 1870, By issu
ms ponns 70 ana sueh railroad, ny taxing capital
stock therein, or in such other manner such town
city shall direct provided, that town or city
shall assume liabilities for any such road exceeding
eight times the grand list of such towno city at the
/ time such aid Is granted.
Sec. 2. Such aid shall be given in tho following
manner.
! The selectmen of any town and the mayor Of any
city, the application of ten or legal voters
OF said town or city shall within ten days after the
receipt OF said application, warn meeting Of the
legal voters Of such town city to be held at the
usual places of holding town OF city meetings in
Sucn town or city, which notice shall specify the
time and place Of the meeting, which shall not be
more than twenty nor less than twelve days from
1 the time OF posting said notice; and tho warning
shall be sufficient II states the business to be done
at said meeting Is to aid in the construction Of the
railroad so organized. the name of which railroad
shall he stated in such warning; and ifa majority
OF tho votes given at said meeting shall be to aid
| said road, then the town city shall fix the
amount ofaid to be given, and the terms thereof,
and may appoint three commissioners who shall be
resident taxpayers Of the town city, and IL no
commissioners be appointed, the seleetmcn of such
| town and aldermen OF such city shall act as COM
mtss:oners until commissioners shall be appointed
| by said town city Said commissioners, select
men or aldermen shall be duly sworn, and shall as
as may be prepare suitable books in which said
votes shall he set forth in which the tax payers Of
\ said town or city may sign their names, asserting
TO said vote and the grand list OF each person sign
ing said assent shall be annexed TO his name and
when a majority Of the tax payers of said town or
city, both In number and amount Of grand list shall
have signed the same, the same shall be binding on
| the town orcity provided the signatures are pro-
cured within one year after the first signature to
the paper is made; and all persons and corporations
liable to pay taxes and all persons who shall be
owners OF real estate taxed at the time the assent
/ given, shall have right to assent TO said vote
| See. 3. Tho said vote and assent, when SO signed
as aforesaid, shah be duly certified by the commits
soners selectmen or aldermen, and recorded by the
town or city clerk in the town city clerks office,
at length in the records Of said town or city, and
duly certified copy Of the vote Of the town city,
and the certificate Of the commissioners, seleetmen
or aldermen to the same, that the act has been
piled with by majority Of the tax payers, both in
number and amount, who have duly signed the
same, with tho certificate of the town city clerk
that the same has been duly recorded in his Office,
shall be recorded in the Office Of the Secretary OF
State, and certified copies from either office shall be
| inl proof in any court that the law hiss b9en com
/ piled with.
Sec l. Said town or city may issue bonds. with
coupons payable semi-annually, at any rate Of
terest not exceeding seven per cent tor the purpose
/ OF aiding such road.
/ Sec 5. The commissioners selectmen or aldermen
aforesaid, the assent Is given and record
Cd as aforesaid shali proceed @ carry into elect the