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


property in their possession, or which may
have been properly charged TO them belong
! ing to the State, at sach time and place as
he may direct and upon the return of the
property aforesaid, in good condition, such
officers, non-oommissioned officers, musi-
clans and priyates are hereby honorably
discharged from the active militia service Of
the State, except as follows nothing in
this act shall be construed TO disband the
section Of artillery now organized and To-
Gated at the Norwich University, at North
field, VT, or TO interfere with the same as
it now exists.
See. 80. All acts and parts of acts in
consistent with this act, are hereby repeal
ed.
Sec. 81. This act shall take effect from
its passage.
Approved November 81, 1872.
An act to authorize the formation of Rail
road Corporations, and to regulate the
same.
Sec. l. Any number of persons not less
than twenty-five, a majority of them being
inhabitants of this State, may form COM
pany for the purpose of constructing, main
tanning and operating a railroad for public
use in the conveyance of persons and prop
erty, and for that purpose may make and
| sign articles of association in which shall be
| from and to which the road is to be con-
structed or maintained and operated, the
| length OF such road as near as may be, and
the name of each city, town and county in
this State, through or into which'itis made or
intended to be made the amount of the
/ capital stock of the company, which shall
/ be divided into shares of one hundred dol
lars each, and shall not be less than ten
\ thousand dollars for every mile Of road con-
! ssf,.,rotal ~, %, II
| the number of shares of which said capital
| stock shall consist, and the names and places
of residence of the directors of the company
1 who shall be chosen from and by the persons
subscribing to said articles of association,
and shall manage its affairs for the first year
and until Others are chosen in their places.
| Each subscriber to such articles of assscia-
| ton shall subscribe thereto his name, place
of residence and number of shares of stock
he agrees to take in said company, but no
subscriber shall be bound to pay beyond ten
| per centum of the amount of his subscrip-
ton until a corporation is duly established
under the provisions of this act. On COM
pliance with the provisions of section two of
1 this act, said articles of association may be
| filed in the Office of the Secretary of State
who shall endorse thereon the day when the
same was so filed, and shall record the same
1 in book to be provided and kept by him in
his office for that purpose and thereupon
| the persons who have so subscribed such
articles Of association, and all persons who
4 shall become stockholders in such company,
h all be a corporation in fact and in name,
| by the name specified in such articles of as
ISOLATION, which name shall be one not in
use by any other railroad corporation in
| this State; and as such shall have power to
have succession by such corporate name for
/ the period limited in such articles of associa-
ton, or perpetuity if no period is limited in
such articles to sue and be sued, complain
and defend IN any court of law or equity, to
makeand usea common seal and alter thesame
at pleasure, to lay out, construct and main
tain, for public use in the conveyance of per-
| sons and property, railroad on the line or
route designated or defined in such articles
| of association, to take, hold, purchase, use
and convey such real and personal estate as
may be necessary for the construction main
tenance andaceommodation of such railroad
and the stations and other accommodations
necessary to accomplish the objects Of their
Incorporation, and as the purposes Of the
corporation shall require, not exceeding the
amount, if any, which may be limited in
such articles of association or by law, to
take and convey persons and property on
such railroad by the power or force of steam
or of animals, or by any mechanical power,
and to receive compensation therefor, sub
ject to such regulations as are or may be
| provided by law to erect and maintain all
necessary and convenient buildings, stations,
fixtures and machinery for the accommoda-
ton and use OF the passengers, freights and
business on or over such railroads, to regu-
late the time ard manner in which said pas
sengers and property shall be transported
on such railroad, subject to any regulations
which are or may be provided by law to
appoint such subordinate officers and agents
as the business of the corporation shall re-
quire, and to allow them suitable COM
pensation, and to make bylaws not incon-
sistent with any existing law for the man
agement Of the property of the corporation,
the regulation of its affairs, and the. transfer
Of its stock, and for all purposes shall be
deemed to be railroad company or corpora
ton, duly duly incorporated under the au-
thority of this State, and as such shall also
have all the powers, rights, franchises and
privileges granted to or vested in railroad
companies or corporations by chapter
twenty eight of the General Statutes, and
any act or acts passed or to be passed in adj
dition thereto or in amendment thereof !;
and shall be subject to all the duties, liabiIi-
ties and provisions contained in said chapter,
or in any law of this State, which may affect
or be applicable to railroad companies or
corporations.
Sec. 2. Such articles of association shall
not be filed and recorded in the Office of the
Secretary of State until at least five thou
sand dollars of stock for every mile of rail-
road proposed to be made is subscribed
thereto, to the extent of twenty miles, and
one thousand dollars for every mile thereaf-
ter, and ten per cent paid thereon in good
faith and in cash to the directors named in
the said articles of association, nor until
there is endorsed thereon or annexed thereto
an aihdayait made by ma jority of the direc-
tors named in said articles, that the amount
of stock required by this section has been in
good faith subscribed, ana ten per cent paid
in, in cash thereon as aforesaid and that it
is intended in good faith to construct or to
maintain and operate the railroad mention
ed in such articles of association, which
affidavit shall be recorded with the articles
of association as aforesaid
Sec. 3. A copy of any articles of associa-
ton, and of the affidavit aforesaid endorsed
thereon or annexed thereto as aforesaid,
filed and recorded in the office of the Secre-
tary of State, pursuant to this act, or of the
record of such articles of association and
affidavit duly certified to be a copy by the
Secretary of State, or his deputy, shall in
all courts be presnmptive evidence of the in
corporation of such company, and of the
facts therein stated and copy of the
record Of the same made in the office of the
county clerk, as provided In section six of
this act, duly certified to be a copy by the
county clerk of said county, or his deputy,
shall, in like manner, have the same effect
as evidence in all courts within said county.
Sec. 4. When such articles of association
and affidavit are filed and recorded in the
o.fiee of the Secretary of State as aforesaid,
the directors may, in case the whole of the
,1uff