Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1874-12-12

fed copy shall have and effect of special char
shall cause such certified copy Of its articles Of agreement
to be published at length in one newspaper printed IN the
and lfno in an Acknowledgements Whenever such coTpo-
ration shall desire to increase its capital stock, certificate
of such increase, signed by the president ana deeors
shall be filed with the secretary OF state ana recorded by
him. and certified copy returned and published IN the
same prescribed in the case Of the original ar
tlCles of association,
Sec Sections seventeen and twenty-trce OF Salu act
of 1870 are hereby repealed.
Sec l. This act shall take effect from Its passage.
Approved, November IL, 1874.
entitled can act to authorize the formation Of
railroad corporations, and to regulate the samc,"
approved November 20, a. ID. lSl2'
1t is hereby enacted etc:
Sec. section one Of an act entitled " An act to
authorize the formation of railroad corporations,
and to regulate the same" approved November %,
A. d. 1872 shall be altered and amended to read
Sec. i. Any number of persons not less than
| twenty-five, a majority of them being inhabitants
! of this state, may form company for Inc purpose
! of constructing, maintaining and operating fal-
| road for public use in conveyance of persons and
! property; and for that purpose may make ana sign
articles of association in which shall be stated the
name of the company, the places from ana TO Whlch
! the road is to be constructed or maintained ana
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 it'll made or IN
tended to be made The amount Of the capital STOCK
of the company, which shall be divided into shares
| of one hundred dollars each, and snail not be less
than ten thousand dollars for every mile OF road
constructed or proposed to be constructed, anu
j the number of shares of which sad captal STOCK
| shall consist and the names and places of resi-.
deuce of the directors of the company VINO shaIl
| be chosen from aud by the persons subscribing 10
said articles of association, and shall manage Its
affairs for the first year and until others are CHOSEN
in their places; provided. however, that IN the
final location of such railroad any necessary or
reasonable variation or change OF line may De
made although by such change or variation llIc
:; line may pass into town or towns, or a clty nGt
named in the articles of association or not touch
or pass through some of those named IN such az,
ticlcs while the general route and direction and
the terminal points mentioned are observed ana
the description of route made on any preliminary
survey for such railroad, notwithstanding such
necessary and reasonable change OF line Ill lhe
final location, shall be deemed sufficient com
Oancc with this act; and such change or variation
of line shall in no wise nVallIate the arlCles Oh
association of any company formed under tll5 aGI
for the construction of such Iailtoad. anu Sucn
change and variation in the line may ne NIUE ~
the Option of such company, unless the same sha
violate the condition or conditions oil the vote oil
any town or city, Of some subscription TO render
aid in the con struCtOn of such railroad; III when
case the assent of such town or OF the parry max
ing such condition or subscription shall be hrst lad
and obtained; and the route, as changed, shall DC
filed with the Secretary OF Slate as an atnen!lGn gu
of the original articles OF ASSOCIATION hed III ms
Office Each subscriber to such artcleS OF asSocla-
tion shall subscribe thereto his name, place OF res
idpnce and number Of shares of stock he agrees 10
l take in said company. but no subscriber shalI De
hound to nav beyond ten per centum OF the amount
of his subscription until corporation Is duly es-
tablishcd under the provisions OF this act On COM
pliancc with the provisions of section two OF lhls
net said alli les of association may be filed IN
the Office Of the Secretary OF state who shaii en-
c dorse thereon the day when the same was 50 med
and shall record the same in book to be provided
and kent by him in his Office 70" that purpose anu
G ihcrcupun the persons who have so subscribed
IL such articles of association, and all persons VINO
y shall become stockholders in such company, shaIl
he "A corporation in fact and in name, by the hanle
y snrCiied in such articles OF association, which
s name shall be not in use by any other railroad
y corporation in this state; and us snch shaIl nave
mower 10 have succession by such corporate name
for the period limited IN such articles OF assocl
&c ton or pCrpetually If no period IS limited III suCl
!, articles to sue and be sued, complain ana deehC
Il in any court of law or equity; to make ana use i
g common seal, and alter the same aI pleaauc' 1t
e Law out sruct, and maintain Tor puollc use II
c the conveyance of persons and property ralItoa
n on the line route designated or defined IN Sucl
articles of association; to take, hold purchase, us'
y and convey such real and personal estate us may
Is be necessary for the construction, maintenance
/, and accommodations of such railroad ana the SUI
n tons and other accommodations necessary TO nc
K complsh the Obi ects OF their incorporation ana u
Ol The purposes of the corporation shail require, no
/, exceeding the amount, If any, when may DC lite'
e. in such articles OF ASSOCIATION or Dy'aWS W Iah
sc and convey persons and properly on sucn au,ro
)r bv the power or force of steam or OF animals
le by any mechanical power, amt 10 receive colpcu
es sation therefor, subject to such regulations Us W
ormay be provided by law to erect anu MAINTAIN
Id nil necessary and convenient buildings, stations
IT. fixtures and machinery for the acc0mmouatoh ah
Oh use of the passengers, frclghts ana business o
a over such railroads. to regulate the time ana m'u
SO ncr in which said passengers and properly sha
transported on such railroad subject TO any feSol;
It's tons which are or may be provided by law;
appoint such subordinate officers ana agents as III
business of the corporation shall rcqhlie, ana
allow them a suitable compensation; and make D.
ate laws not inconsistent with any existing law, Il
the management OF the property OF NC Corpotat,o
the regulation of its affairs, and the transfer Oh
es- stock, ana for all purposes shall be deemed to
lay a railroad company or corporations uuS ,'H"lP
my rated under the authority OF THIS state ana us SUE
rst ehol also have all the powers, rights, franchise
ap and privileges granted to or vested IN raliroi
San companies corporations by chapter CWehty'clS
-, or oil inc general SluJuIeS, u'u "tJ Wv -,
this or to be passed in addition thereto or IN amen
of ment thereof; and shall be subject TO all le tt
act Iinhilities and provisions contained in SAID cha
pom or o. in any law of This State which may ale
G et or be applicable to railroad companies or corr
way ratlOns. $500
rge Approved, NOVcmOer 10, lo't'