Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1874-08-14
NJ. F. HArGooD, } Selectmen
~ CAvANAGH, OF
5. ". HOLMES. tUnderhiu

Underhll, July n, 1871
Mr.. \. o. Humphrey, the annual moder-
ator, took the chair, and presented the
business of the meeting by reading the
second article Of the warning.
Mr.. a. c. Dixon presented the following
resolutions:
Resolred. That the iowa Of Underhill will and
hereby votes 10 aid in the construction of the Bur
lin-ton and LamOile Railroad by the Corporation
now being organized, called the "Burlinston and
Lamoille Railroad Company" under the proyis-
ions of an act Of the Leg stature, entitled An 40,
To authorize the formation Of railroad cnrporations
and TO regulate the same" approved Nov N. ISL
Tor the construction OF railroad from the shore
waters OF Lake Champlain, in the city Of Burlfno
ton, 10 some point in the town Of Cambridge 10 com
meet with the Lamoille Valley Railroad
Resotred, That the amount Of such and to be ,iyen
anu the terms thereof shall be as follows viz. The
commissioners hereinafter named or others bereat-
ter appointed in their stead, shall subscribe in
name Of the town for one hundred and seventy G-N
shares of the capital stock OF the said BurlinStnn
and Lamoille Railroad Company of one hundred
dollars each. making in all the sum Of SEVENTEEN
thousand az 900 dollars, TO be paid for from time
to time as legal calls shall be made and Ias-aI
assessments on such stock shall be laid 49,
become due, in the negotiable notes or bonds ~
tho town at their par or face values said notes
or bonds to be Of denominations 0: not less rbsn
one hundred dollars or more than one thousand
dollars each, and to bear interest at the rate M
per cent per annum, pay able semi-annuanv ~
specified in coupons thereto attained and 10 10
made payable after three ears, and within twsntY
years from their date. at the option of the toun'
said bonds and coupons to be made PAYABLE in ~.
city of Boston, in the State Of Massachusetts or IN
the city Of New York, in the State Of New yorl
and shall remain in the custody and CHARGE az ~.
treasurer of the town for the time being 10 be -
sued by such treasurer duly executed and anthan
tlcated from time 10 time upon the proper reonist
ton OF such commissioners, to be applied 49,,
nents upon said stock subscription Such snhsrr,1
ton for stock shall he made upon the f,rtber ~
press condition that said shares of stock 80 subscrh
ed for shall not be subject any sale or assessman,
or imposition whatever, for any purpose whateysr
beyond the amount so subscribed and that the town
shall not be liable as stakeholder or oberwise s-
any debtor contract OF said corporation. 'Oi
Resolred, That s. W. Mead, Vim. NJ. Narr,mo-o
and +. W. Church, being three resident taxnayas,
OF the town of Jerico, be and they are hereby en
pointed to carry into effect the foregoing v9ta r.
the town, according to the terms and conditions |
thereof; 10 vote in behalf Of the town me- -. |
stock, and to act in the premises and with sucn
powers as is provided by law; said commissiona.i
being hereby Instructed that they make no sucb
subscription for stock, attempt TO bind the toS
IN any way, unless and until they shall bave "a
ceived full, reliable, and to them 49,
factory assurances and guarantees that ssi5
road will be laid and built through the town NJ TN
ierhili. aud that suitable depot accommodat,ors
Tor both passengers and fregh DO provided Al The