The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-08

~, srsuu,,ou nom nAbuy interference BY
n sac 81 sss Day:
from time when ~ % 10 s en
lied thereto aforesaid In case Of neglect refusal
i ssu sa saS az
Of Of the PsssGns s Of this section
Section rslsns thereby .sssved
sd samm.Iy 20 enforce the Of such BY
%sndsmas entitled ike preference in hearing
special and Obligation s Of The president said
oass S Of the &
section in respect to the per@ission q transfers
thereof and II he shall by wial refuse neglect 70
sro so o an 70
transferring stock obtaining the cercate therefor
:Ss
pa S tqs % 70 each Of STOCK n
%Sss ss :Ss ,: ssy sq s.ess with such
covered from him By cac1 aggreved party:
snas. Or maintain Keep force bylaw or resolution
trust .ssnsy any purpose which not forbidden
E he OR e
transfers Of s stock to others than the henefca owners
IL refusing 70 permit Il stock which
Ties So "a oc " tho party par
SEC SIT be lawful any for directors
us
longer possession control of tine
% 6s
ID % U1 s ~ h% Or
them as trustee or agent and Of which be or they
thereon person By proxy The Inspectors shall Be
s D oath ANY ySs
nss respect q the existence within his knowledge any
Fl sss
:SS to h sa be
patton Or Otherwise, The vote shall be rejected
ASs u: .ss s b.
Ss
any legal Instituted Tor letting aside o.
shall sppear Court that any such cleo
as been !"
Of Of ms section whether vote cba
cast shall The Adjudication such Ss
the true result, the exclusion Of Al such
SE POWERS a. 9r THE he COZ SSgRTs vor. and
the Court Common Pleas for the city county New
York shall rspsstiysy have the Ike jur,:d:ton ana
fishing any directors Of the said company as are
SUCH purpose which might made BY the Supreme
SEC. at shall lawful any person persons
such stock shall longer have or control
as s;''t
not STOCK any held
hum Them holds ndS az IT, .a d
ti6cate from granting proxy for thereon Any per
shall Knowingly vote Or to vote
is
az he 20 e
company owning the stock upon which the proxy was
1t was expected that the Assembly Committee on
Railroads would report upon the subject at the
morning session, but both morning and evening
by either the majority or minority OF the committee.
Members Of the committee were concerning with
one. another during the day IN and out OF the As
sembly Chamber. and the expectation OF the other
members Of tne House and Of outside parties VINO
highest pitch. They were all
DOOMED TO DISAPPOINTMENT.
1t was understood last night that both the
morning, and only awaited the order Of business
for the presentation OF reports to be reached IN
had respectively arrived at the subject referred
to the committee for consideration II seems, how
unable make up MINDS Is 70 wncn sae
the quesnon they would support.tne Erie "Rngn
be the majority report-that IN favor OF the South
mayd S or az new e which WAS o being
managers. Efforts were made In committee to in l.
duce the majority Of its members to report q bill
drawn in the interests OF the railroad ring This
bill was read to the other members by Mr. Smyth,
to whom IL was furnished by the Erie Ring, and
1t has been taken the basis or the dill, which the
friends of Erie on the committee viii report 1t is
nothing but cunntnRly devised fraud upon the
stockholders, and in It's operation would not re-.
ious to eradicate. In order to show the precise
CHARACTER OF THE FRAUD
which the Erie Railroad Ring have been seeking 10
siOns Of this proposed bill in full:-
AN ACT ar relation 70 the Erie Railway repeating
sihcstiOn Of directors Of he Erie Railway COMPANY and
q he stock. G and FOR the
of 70 The sr: New
YORK nud q s River and Harlem
20 he ;ns S%i .,
ss on e as' e. ..r.
;hs DC held :: ne once Of ne Es
v q ssa
where here PROVIDED Hs , ~ law S.,,
of he sne nSn ing
transfer books Of the said corporation q transfers
isass Tie name: e
Of sS
'oa a .as na
as shall shall Apply gpsg
therefor and to allow to them respectively all reasonable
sDS case sS
Oh OF neglect Bucn
form the duties enjoned upon them respectively by this
section the party aggeved thereby shall be entitled 10
by alternative mandamus.
SEC, THE transfer books Of said company shall be
closed on the second Monday of September
close of business that day, and shall remain
after the next election and at such election
be entitled TO vote upon stock unless the
standing in his the books company
the day above fixed for the closing of the transfer
From the time Of the passing Of this until the
ond Monday of September next inclusive the said company
shall shall keep, open its transfer books at lis
the whole of such PERIOD during the usual hours
ing business shall permit all holding and being the
beneficial of its stock certificates, with proper
power attorney for che transfer stock to trans
the said company books with such
power OF attorney and such company shall thereupon
and deliver TO such person. his agent attorney
senting such stock ortranser its new stock certificate
Of such transfer for such stock thus In
refusal the part OF the said comply with apv
provision of this section relating thereto party thereby
aggreved addition to other legal remedies which
be entitled shall be entitled the PERFORM
of such act by said company by alternative
and shall be entitled TO preference accorded by other
of mandamus.
SEQ 5The said company has and shall have no right to
enact or maintain or keep IN force bylaw regua
ton forbddng transfer any upon anv
created restrict