Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-11-27

roa1 as near a may b., an / the name OF
"a city, town AMI county il this State
It1r) igl or into which it = IN |. or intend Il
. be nale tn. anpl1t of the clpit Z. stock
If the cDu9lnv. W ii n sh all b. dieId "a int
'It~e5 OF o.. h n lrel dDlllrs elch. an /
| ;lIl not b, less tlal ten tn } uSInl d)llarS
| Ir ev nv mile of rptl cDnStr Ict-1 or pro-
'se u D, 30 lStrucLel, an the nu nb-r of
ltrel of whlcl sui cloitIl tock Sh al con-
,iS5. Al | tn. ntn.S an pla :eS of residence
# tn directors of the com lany whp Sh Ill ne
:lo'tn from IN by the p :rSonS subscribing
@ sui I~ti les of aSs1ci tito l. an snI all
,Ssi lis tf,rS for tn, first year AMI ulul
'.h rs are chosen in their pla >. Each sub
! crlber Il such articles of aSs)ciatton shall
'uo'crine thereto his nlna. place of residence
ID num Der Of sltres OF stock he ayr ,es To
! axe il sud CO ptny, ut No SUB 'crib &c
! Slu BE- b)Ini TO pay beyond ten per
| :5ltln of tIs annInt ofhis subs ;riptiol
/ ltil corpDratiOa Is duly estabi>he | IN Ter
| tn p-nviSol, of this act. On eln 1l ance
Win ths O!iSi)ls Of It .tiol two of this
| ~ sud lrticl = OF iSSO :iItiJl may BE- hie
n II. Il = of tie 5 'cretIry IF Sttte, wnp
| nh ellprSe TIER . the day wl4n the same
vts 80 tilel All slLl re or tn. 81 ne in
| i1pI u be progid. / and Ike It by him in his
ph;s for that purpose; AMI th-reup1h the
perS ms wl) have 80 subscribed 81 articles
Of associate }, IN all p RS Dl' wa lall be-
cOns stOc&n Ilisrs ii 81 IN comp my, shall
| be i corp )rltiDn ia fact and in nIm,, by the
nun, specified in such articles of ASS relation,
wal IN tine Shlll be one not in use by any
Other railrol corporation in this State; and
as such shall have pwer II have succ -SSiOn
| bY such c1rpDr,te name for the period linn
tied IN such lrtic - IF ,tSs lcatiOn. o. peTpe-
tulty If no period is limited IN such articles,
to sue and tie sued, mplain and defend in
= l,,Hr 10 md
la nmon seal and alter the same at pleasure
to lay out, construct aud IN intaln for public
Us IN the c)nveyIn e of persons and prop
| eTty, rlllrO al on the line or route deSg
mated or den let in such articles of aSSOcIa-
ii IN. to take, hold purch lsc, use an convey
/ Sucl real al p.r>OI al estate a may be
1 n e try for the c0nStru lion, IN Iinte tnce
AID IccOnn Il ItlDn OtS Icl railroad an the
SrauOuS and 1t ler tc'O II ~ / II ms necessary
t. acc pli>n the o .je,ts II IN ;ir incprppra-
/ trDa. and rs th- purp ls.s Of tn; cIrp IrA.lOd
/ n Ill require, not exec Ing the am 'ult, If
any. waIch NAV be Unite Ia 81 IA arlicles of
t>Spcil ti1n or by ltw. u ttke ami convey
/ p .r, ms and prop .rty on slcl railroad BY the
! power or force OF stem ur OF anlmt =, or ~
| any mechpnlc Il ppSer. an 10 receive c5-n-
] p -a>ttlon thereof, 81 ,ject 10 such reg :
tons As are or nav bc pr lvId Il Oy law; To
J erect an mIlntalu all nect~S try a II claven-
/ lclt al lnSs, ~tItl0a~ Il ItureS ahd II 'cnine-
! ~ for the aeon II 'IttIpl AMI use of the
| passengers, treiEnt> AMI b I>ineSs Oh or over
i>Icl railroads, u regulate the TIM ami
"a amer in whi ID al pI~sen gers a ID prop
erJy shall be tr4np1-t-d on such rt.rol /.
subj tct 70 any reg uatlonS wlicA airs or IN ~
b proyil.toy law; To appoint Such SublrII-
% tte III ttrS llI ats As tnc b I>lnc>~ OF
tn clrp ration - uu reI IRE, AMI = Ailpw
/ tlen I>Iitlb q G., ID peI>t lOn, mi To maze
p.-.tS~ Z Ilspl>.~tclt WITH any existing
lIv flr tlc ON N gene Il OF the property of
! %. corporation. tns rex tltu IN OF It> affairs,
All the trII-ter OF IT. otpc>. an tor all
pIrJp-e- ~IlI D.. de u "A 10 be railroad
! crn AN. p~ cp-ppr ttll1. 4 llv nc br Jora,ed
uIi.r tlc authority ut TINS Stlle, AMI a.
-t.l shall ais, nave all the powers, riEltS,
! franchises and privileges granted to or vest
| cl 'u railroad c,npIl,es or cprporauonS oy
| "a tpr.r twenty i-lt of the General ; atutes,
| an any at or acts passed or to be l>,e
900 . lIti n thereto 1r IN u mi uslt there #,
an sd all b. pltct To al the lues, htblli-
Ie~ an provI>I lI~ contained Iu All chtpler,
Or ju Ius law oftni~ ST.. 4, whi ii may affect
,r bt applcI 81. - railroad cDnptHi K OF
cjtplrttIon~.
s. >. : Ich articles nt association shtll
not BE ti.e an recp-l-i n the Oil e of the
i : ..rc- trv ct : At. u ttl ar least i've IA 'u-
I
road proposed {, %. IN l.. Is ou p>crIbe
tA.rcJf. c, tA- extent Of ity miles, Il I'd
one thousand d liars for every mile thereLi-
ter ana ten per ceut pHd thereon in good
+ faith ADD % t>n 10 TIE directors utmei in
tne SAID articles OF association, nor It'll
th .re Is endorsed thereon or annexed thereto,
! an ath tlvit M ie by n iorty OF the drec-
ir> named IN he sLld articles, that the
am Dun- OF stock require by this section has
beel ne god futl subscribed, and tea per
cent paid ia, IN cl>h thereon aforesaid
4 "A at it l. lnJeltei IN goo taItn TO coa-
strucl or u IN uuttin and ot,erate the railroad
menu mel in 81 IA articles of association,
wll.l ahltvit shall be rec lrdel with the
4ruc.cS ot as lcidttJu - HtsrvS Al /.
Sc. 3. A copy OF any articles OF asspcia-
ton, and of tn Atti ltylt atores AID end lrSed
thereon or annexed tneretp as af lresllI,
filed and recorded the otfi of the Secre-
ttrv of ; tte, pursuant TO this act, or OF the
rec lrI of such articles of association and
ath LIvit duly certi led 10 be a copy 10y the
Secretary of State or his deputy shall III
all courts be presI upuve evttelce OF the
Incorporation Of sucA company, AMI of thc
faces therein stated and q copy of the
record of the same made IN the office of the
county clerk, as provided in section six of
TIM act, duly certIhs1 to b. copy by the
county clerk of SAID county, or his deputy,
sh al, in ike IN amer, have the same effect as
evidence in all courts within said county.
Sec T. When ich articles of association
and affidavit are filed and recorded in the
Otfice of the Secretary OF State, rs aforesaid.
the directors may, IN case the whole of the
capital stock of the company l. not sub
Scribed, open books of subscription 10 till up
such capital stock in such places, and after
CIV NJ such notice as they may deem expe-
! ,lI,. II and may continue. To receive SubScrID
] lions until the whole capital stock is su J.
.rib d. At the TIM of subscribing every
sub Scriber shall pay to the directors ten per
cent Of the amount SUBSCRIBED by him In
money; and no subscription snail be received
OF taken without SIcn pIym mt, ami every
holdet of stock IN any co nptny organized
u lder TINS act 81 Ill Oe entitled To oLe vote,
Ia person or by proxy, on eacn share OF stock
] 81 held by him.
See. ). In case the capital sto * of any
company formed under this act, Is found To
b. Insufficient for cOAsuu ting and operating
its railroad, such cOmpny may, in the
III inner hereinafter pros Idrd increase its cap
itll stock from time to time, 10 any amount
required for the purposes aforesaid. Such
| decrease must be sanctioned 10y a vote of yO-
thirds III amount ofall the stock represented
at a meeting of the stockholders cali by
/ the directors the company for that pur pose,
| by a notice in writing To each stocAhclder,
| to be served on him personally. or by depoS-
! ,tils the same IN the post office for trans
mission by mail, post paid. and properly
| folded and addressed 10 hun at the post
0 ii ;e nearest his usual place Of residence, at
lie tSs ten days prior To such meeting.
such notice must state the time and place of
the meet ting, an its object and the amount
to which 1t is proposed to increase the cap
e