Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1872-10-24
Rutland Railroad Company.

The clerk read the call for the meet
ing.
The President, Gov. Page, stated, in
brief, the action of thelast meeting au-
thorizing the issue of preferred stock,
the failure to obtain subscriptions to the
full amount in the time limited, the pro-
curing of the amendment of the charter,
the object of the present meeting, etc.
He stated that when it was found i'm
possible to obtain the necessary subscrip-
tiOns to the preferred stock, the floating
Indebtedness was taken care of by sew
eral of the directors and stockholders
loaning the money to the corporation
and taken their notes therefor Since
the last meeting considerable of the float
ing Indebtedness had been paid by the
income of the road.
D. n. Skinings introduced the follow
ing resolution, which, being duly sec
onded, was unanimously adopted:
Whereas The Legislature of the State
of Vermont have passed an act approved
October 18th, 1872, entitled AN act in
amendment Of an act to incorporate the
Rutland Railroad Company, approved
March 28th, 1867 :" now therefore be it
ReS0Zged, By the stockholders of the
Rutland Railroad Company, in legal
meeting assembled, that the aforesaid
act, approved as aforesaid, be and the
same is hereby accepted and adopted by
this corporation as an amendment Of its
charter.
The clerk then read the following
resolutions and votes, which were duly
moved and seconded.
Res050ed, That it is expedient for the
corporation to issue, and the President
and Treasurer are hereby authorized and
empowered to issue obligations, bonds,
or prOmissory notes, in sums of one hun
dred dollars, five hundred dollars and
one thousand dollars each, to an amount
not exceeding fifteen hundred thousand
dollars, to bear date the LIST day Of No
years from that date, with interest at
the rate of eight per cent per annum.
payable semi-annually, with coupons or
interest warrants thereto attached, for
the purpose of raising means to pay the
,v r t ,('', a W. 't't oranf col 'I; W. ~
thnir tenor by tLa rvrcntion of - mort
gage for and in behalf of the company
OF lis franchise, ,ad and property,
exclusive of such rolling stock rs is al
ready mortgagrd for the payment OF
$500, 600 seven per cent. and $500, 900
eight per cent equipment bonds, and sub
icct to the lease or contract, to the man
ayers of the Vermont Contra, and Yer
moul y aHaua L ,aIIT an" as th'y
m ,, TGc nrinrinai and Interest to he
PAYABLE in the city of Boston.
l'oted, That the mortgage to be ex-
ecotcd 0y lhG PRESIDENT ana n. fc"suter'
a. I''I,/Tu ~ 'I4' 'T T HoeI ,i
onI I,onL Ed1,orls Wv, ,,ana,,n1 1,' ~,
said trust. bv death, resignation or other
wise, shall be filled by the directors at a
mcGuHg c JrI Ior that purpose
thor;Iad - No i.s7nj NV tha nrn.ndimr
votes shall be sold nnlyt6 retire an equal
amount Of claims against, or indebted
ness OF, the company, now outstanding,
Oh I IN '1'll VIZ a ,nyrr' ,In1 l 1r
tba nrrca,Tnr yntrs mav he evchan~rd
into registered bonds. in sums of one
thousand dollars each, at the option OF
the holder Of said coupon bonds.
Gov Paor in rruly to ourstions stall
ed that this mortgagr would pay the
H.,,,i,,,,l.ht If tho cn,,,o,, En cnn
,,...4 .7....,.} ..:, Az ,,,..r On
lFtcl was ihade win Tie Ad0'N"h haI-
road (UmuanV for grading. etc, bV this