The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-05-15
DIsMAY OF THE LOBBYISTS
Passage Of Minor Local
Bills.

The rapid transit controversy has assumed an
Dtner and more important shape to-day. A 6lli
was introduced by Mr. Hustled having, Il Is under
stood, the sanction or Governor Tllden, whoa u
drafted especially TO cover this veXed rapid
transit question IN New York city. II u CRAFTY
ing, although at go late period la the session, 10
see Governor Tllden take an active part IN THIS
most important subject. II ne can now secure for
the citizens or The metropolis passage Of a proper
bill TO meet this pressing necessity he Will be
entitled TO the gratitude OF probably 2,o0J,0Oo Of
people. His warfare on the tweed Ring and the
Canal Ring may be very creditaoly supplemented
by q slaughter OF the railroad Ring. Inc Amos
phere OF Albany is poisoned with the presence 81
those corrupters or the peoples representatives.
Let Samuel j. Tllden take hold Of this latest IN
cubus upon our reputation as q Tree people, and ne
will receive the thanks OF the entire country.
THE LATEST RAPID TRANSIT BILL.
The following is the full text or the bill presented
In the House to-day ana which, upon good
authority can entitle Governor Iilden's Propo-
sition'':-
As ACT further 70 provide Tor the construction and
alton OF steam railway Or railways IN counties "a the
TnE PropLa OF rnE STATE op NEW YoEx. REPRESENTED
~ SENATE A Hsssss,f 20 S1eI a ~ %
tion =, y Io ~ l,ni * = ~ 90
county tins STATE verified upon oaih before justice
such county u a steam railway or railways Tor
ns sh he Sham wR thirty days asr
presena1on q HIM q such app icaiion duiy yeTasd
have iui power and authority 70 20 and provide All
ana certIaeais q whose APPOINTMENT asned ~ ,he
once az tb al eeTerY n S,ae AID dupcate thereof
in the Office q ne Clerk q such county
ng n days aS tas s each each
faithfully perform the duties 81 his once, tue sal
oath 70 e el II ne ofse q me Secretary q state
county and hai give 9ond % he people @ The stae
The faithful performance duties required by this
act which bond sha nave IVA or more .ureiies y %
Court INCLUDING such county aud snail he MED "a sala
perform any o. the duties u his Once.
foaaiNd 4 BoAED.
SEC 3.-Withn fifteen days after their appointment
the said saal meet a. some
with appropriate omcers
SIC Said Commissioners shall, within thirty days
after such organization deierane upon ne NECESSITY
such railway Or railways y 6e necessary ~ such
zaon. fix and determine the route routes Tor sucn
steam railway Or raiimays and the sand oommss9ners
routes Of such railway Or railways over under,
IN such county, except broadway, md FUN avenue
below fltty ninth street ana lourth avenue, above
not already occupied BY an elevated or underground
tanned IN pubic PARKS or occupied by buildings belong
states and 10 provide Tor The connection junction
with any other railway or BRUCE. provided that
NE property bounded On, ana the consent also
portion OF street or highwa upon waeh il i proposed
2 construct Or Operate suc railway Or ALWAYS BE- ast
Ioners appointed by the General Term of the supreme
sfs: que asarias q Al paltles l@ierasted snd con.
9hto ~ e s1 I nr W. kSn AZ % ~
The consent Of such property owners
SIC 6-The SAL commissioners having, BY such pub
inder such litions wlh such ucements az 10
hem may seem moss eXpedlent inyIed he submission
way railways. the said commissioners SHAH meet
lot ore than ninety days AFTER their orsa nzaton ana
lecioe upon ne plan Or plans tor the construction q
nrnous switches sdine connections lanling places.
traph ami signal Wees or other REQUISITE appliances
pon lie route routes and in the locations determined
~ them.
SEC. 6-ihe said commissioners shall. within the like
period Of ninety days their organization. nx and
ss,Sralne ne te widhln winch sgch i%@y or rat n
ready Tor operation together VI u tie maximum rates
% Dc paid Tor TRANSFORMATION and conveyance over
UGH railway Or railways, aud iho hours during
n raanesd rates ~ Sc Tha sl rommis
honers shall also within thc period u ninety days
y the capital stock - the company 70 ue forned tor the
Iucn ranway Or railways ior public use ia lie convey
nge o. persons ana progeny ne ngmgsr shares into
.entage thereof 70 b. paid in cash "a snocrbing Tor
Sac. 1.-The sail commissioners shall prepare appro-
pirate articles Of association Tor the any ia the
ast section mentioned, ia which said 81 associa-
hon SHALL re set orth ami cmbo lied component parts
iculars ~ .ia cqmnisioner determined pursuant p
Droyae Tor toe reea.e ana orieGrc - tae uperysos
the county. 81 ~ rains aad franchises acquired by
1ot De eompe "a within TIE Time ami upon TIE conons
.herenaan an vi,hin ~ "a ~ III. = ,baS
a aiercsad cause suitable book q su9.erip 100 70 ne
iue pubic notice, az ba Kine Office IN such county.
src s-whcneyer tie waole capital stock o. such com
pany or an amount a suen capital sock proportional
commissioners b. nr.t constructed, snail have been
subscribed ~ not less nsn twenty live persons aud the
percentage SUBSCRIPTIONS
seen pad ~ cash the ssIi commissioner
days, served personality Ur ~ mad, call
meeting, n AZ any ssGieeaent one IL which the same
may BE- adjourned maturity ~ number and amount o
heretofore determined ~ SAID commissioners, who
or The purpoe o constructing and operating said rail
AErrctKs o. ASSOCIATION
srac;o @ en Jays amer W. election q san
directors sgrsncate y aqp,ica' verified " the cath
pfcme Court setting forth ile said articles al asso-
eiatlon aud rs otgantzailqn I the company Tor the
within hve days attsr me reception ~ cin u such
sna MAKE an sylt 10 duplicate, thal the iul amount
Of stock mas been subscribed ~ good laith aud the
Il i inteadc - coca tain to construct main ain ami
operate The railway rail WAYS such articles asso-
ciauon nuoned and tie gaia directors shall ale said
sertaeate ana articles ~ 'ae otiee q ,he
elefE " ile seognty wherein such railway %
nave subscribed sucn articles ~ association snl
~ persons Nh@ 'all lee9ne 49, ~ shGa .9ie.
suc aroies association aud shall possess the powers
and prantd corporations and be subject TO
the Gutce aud restilcunns VI corporations copy .;
such certificate AMI aludavt certnCd 20 lie copy by
secretary this stare, or has Deputy. shall DO pre-
sumptive eVidence u tbs iucOrroralol VI sucn
pany and OF the lacts therein stated.
CHOICE DIRECTORS.
SEC l0.-sad directors shall be chosen annually, by
majority lie Of the stockholders voting Il such
scct1n IN such manner a. may Re prescribed IN the
Bylaws OF the corporation, and they may ana shat
continue - he directors unit Others arc elected
IN their places IN the election o. directors
each sock holder shat be entitled % one woe tor
each share 0f stock held bY him Vacancies
Ia the board Of directors shAN DC fllei ~ such
manner s1a prescribed BY the bylaws " the cor
p0rauOn very corporation formed undcr tins act
shai be subject TO the ulatons concerning toe else
ton 81 directors OF moncyed corporations contained ~
arlcie q the second title Of the eighteenth chap'
ter ~ Tho first Of the Revised statutes he ~.
spcotvrs o. the first eieston ~ directors shan Ue
appointed nv the commissioners. No person shall
~ director unless ne shall be a stOcknolder,
.Wnus s.ek Gbsouely IN his own ri4h aud quahhsd to
NOc nf directors al the eieei0D al when he sha 0e
CHOSEN ~ gyefy election Of directors the books ana
EaNeta ~ san company shall BE exhibited 10 lie meet
M, k'sNtsel = majority OF The Stockholders present