Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1872-12-18

shall rcium o. the quartermaAU ga 4
eal ~ ths STATE, in GOOD condition., ne .
propeIiy Ia their p-gsasion, or which nay .
have hora properly charged % them eeiens- :
ing O. the State. a. snch time n piace a.
h. nav direct and upon the reiuu 81 The /
pr,rrrtv af5nrsiA. In good condition. sach =
A. Rsn-csmmisiuncl uhcers, must :
clans and private are hereby hunnrahly !
discharged from the active militia sertioe ~ .
tie State, except a. follows nothing IN
this act shall b. construed b dishand the
la1tion u artillery now Organized and lo- q
Gated al the Norwich University, a North
feld. Vt, or % interfere with the sane a.
it now exists. I
-. Sd An sets and parts of acts in
consistent with this act, are hereby repeal
SEC. s.. Tdi. &C, .hall take easot from
IL passage.
Approved November q. is5s.
An act 10 authorize the formation OF Rail
road Corporations, and to regulate tue
sane.
Sec. /. Any number Of persons not les
than TWENTY-FIVE, a majority Of them being
/ inhabitan Of this State, may form a com
pany for 1 . purpose Of constructing, main
tanning aud operating a railroad Tor public
use in the conveyance Of persons and prop,
erty. and for that purpose may make ana
sign articles Of association in which shall De
stated the name Of the company, the places
from and to which the road j. to be con-
| structed or maintained and operated, the
length % such road as near rs may be, ana
the name of each city, town and county IN
this State, through or into which,tis made or
intended 10 be made the amount OF the
capital stock Of the company, which shall
a . a q 4 4 d. -. 80 hUNNNIRnN doll
lars each. and shall not be less than ten
thopsnnd dollars for every mile of road con-
. structed or proposed to be constructed, and
the number of shares of which said capital
. stock shall consist and the names and places
of residence Of the directors of the company
!. who shall be chosen from and by the persons
, subscribing to said articles of association,
= and shall manage its affairs for the first year
4 and until Others are chosen in their places.
!. Each subscriber to such articles of asseeia-
, tion shall subscribe thereto his name, place
4 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
II per centum of the amount OF his suDscrlp,,
ton until a corporation is duly established
under tho provisions of this act. On com
i pliancc with the provisions oil section TWO o
this act. said articles Of association may b'
= ] nlN1 Ill lit AlIIt " AAb SNANAeA
|" who shall endorse thereon the day when tn
~ ~ same was so filed, and shall record the sam
b. in a book to be provided and kept by HIM II
" his Office for that purpose; and thereupoll
"A the persons who have so subscribed sue
~ articles of association, and all persons VIII
~ sholI become stockholders in such company
"a h all be a corporation in fact and in name
=? =; y by the name specified in such articles OF a'
IN u, sSSciation, which name shall be one not !
nse by any other railroad corporation !
~ this State and as such shall have power
49, have succession by such corporate name i'
-, the period limited in such articles OF assocl!
y" ton, or perpetuity If no period is limited
,od such articles, to sue and be sueu, conplal
al and defend in any court OF law or equity,
ITin l mokeand usea common seal andalter the san
Ihe ot pleasure. to lay out, construct and mai
toin. for public use in the conveyance OF pc
sons and property, a railroad on the line
uer route designated or defined in such artlcl
nc of association, to take, hold, purchase, II
and convey such real and personal estate
Ion NAV be necessary for the construction maj
I el tenance and accommodation OF such rallro
LOT and the stations and other Accommodate
'ht, necessary to accomplish the objects OF tn
ny Incorporation, and as the purposes OF !
ucn CORPORATION shall require, not exceeding !
.'0u amount, if any, which may be limited
such articles of association or ny law,
the take and convey persons and properly
sec such railroad by the power or force Oh sue
each or of animals, or by any mechanical pow
rade and RI receive compensation therefor, S
each iect to such regulations as are or may
lusi- nrovided nv law to erect and maintain
with necessary and convenient buildings static
such fixtures and machinery for the accommo
rim tion and use Of the passengers, frelghts
re- business on or over such railroads, TO re
: the late the time ard manner in when SAID
sions sengers and property shall be tranSpoii
Mt OF ON such railroad, subject to any regular
and which are or may be provided by law
royed ~onnoint such subordinate officers and ag.
cunts os the business of the corporation shall
quar- ouire. and to allow them a suitable C
owed, pensation, and to make bylaws not IN
pro- ssistent with any existing law Tor the =
such agement of the property OF the corpora'
prov the regulation of its affairs, and the tfai
of its stock, and for all purposes sha
atoms deemed to be d railroad company OF corl
same ton, duly duly incorporated unaer IN n
in the thority of this State, ana as such snal
es and have all the powers, rights, franchises
nlshed privileges granted to or veSteu IN RAJ
COM rompa6ies or corporations by CHI
di6ca- twenty eight of the General Statutes
/, best onv act or acts passed or to be passed |
yided. dif;on thereto or in amendment the
10 m, and shall be subject to all the duties, Ii
Mt and ties and provisions contained IN saiu Gnu
nroved w in any law of this State. which may
n pro- or be applicable to railroad compan
7 com corporations. r
of not Sec. 9. Such articles OF aSsootrlion
III uni not be filed and recorded in the once o
~yeaeral Secretary of State until at least ave
ne pay sand dollars of stock for every mile OIL
n who road proposed to DC mace Is s miIe
Inform, thereto, to the extent OF twenty miie
by one thousand dollars for every mile u
0 man ter, and ten per cent pald thereon IL
bed by faith and in cash to the directors MAJ
t to the the said articles OF ASSOCIATION, nor .
ing the there is endorsed thereon OF ahheHeu =
,bers of an afidayait made by.a majority OF the
,tion or TORS named in said articles, that the a
q COM If stock required by this section has |
.ganiza- Good faith subscribed, and ten per cel
and re- p in cash thereon as aforesaid and
nd any ;s Intended in good faith to construt
aI wear maintain and operate the railroad M
shed nv cd in such articles of association
when oadoyit shall be recorded with the
v duty, of association as aforesaid.
10 dollar Sec. 3. A copy of any articles OF
each day +;on and of the affidavit aforesaid 81
and he thereon or annexed thereto as af(
y wilful Sled and recorded in the office of TIN
ipments, tarv of State. pursuant to this act, 9
be as record of such articles OF assoclat
affidavit duly certified to be a copy
nging to Secretary OF State, OF ms r; H1p" q
and all all courts be pcresumptlve esnuon and =
. United corporation OF such "mu
tie, shall facts therein stated anu 10 u 'o of;c
,ntpelier, record Of the sam maa1e, ~ ~ onV secti
prescribe county clerk, as proyid ta h III 0 con-
be nee this act, duly certiheu w 70 " III *
all mil county clerk OF sald coqnty' t W 90,
mil shall, in like manner, navy ~ ~