The Republican journal., 1876-03-16

Of residence and the number of shares Of stock he
agrees to take in said company.
SEC. 2. Said articles of association shall not be
hled and recorded in the manner provided in So
ton three Of this act, until the capital stock mamtG
IN section one has been subscribed thereto, in goo
faith, by responsible parties, five per paid
thereon in cash TO the directors named in SAID art-
cles OF association, until there is endorsed
thereon or annexed thereto, an affidavit made liy
majority OF the directors named in said articles,
that the amount Of stock required by this section
has been in good faith subscribed and five per cent
p&d thereon in cash aforesaid, and that it is in
tended IN good faith to construct, maintain and
operate the road mentioned in such articles Of assc-
claticn, which affidavit shall be recorded with The
articles OF association aforesaid
SEC. 3. Whenever it shall he shown to the salts
fact on OF the board of railroad commissioners that
all The provisions of sections one and two Of this
act have been complied with, said board shall en-
dorse upon the articles Of association certificate
OF such fact and the approval Of the board in writ
ing The secretary Of state shall, upon the pa}-
ment Of the of twenty dollars to the uao Of the
state, cause the same with the end9rsentn thereon
to be recorded, and shall Issue q certificate In th.
following fern
STATE OF MAINE.
BE 1t known that, whereas here the names Of the
subscribers to the articles OF association to he in
serted have associated themselves together with
the intention OF forming corporation under the
name IF there the Of the corporation >lull be
inserted tor the purpose of building and operating
a railroad between lherG insert the GeEcriptiun III
the road contained in the articles of asS0ciatiani
and have complied with the statutes Of this state
in such cases made and provided. Now theref,ye
|, there the name IF the secretary to bo Inserted
secretary OF the State of Maine, DO hereby certify
that SAID names of subscribers,l their associates
and successors, legally organized and cstah-
!shed as an existing corporation under the name ol
name Of c0rporationl with the powers rights and
privileges, and subject to the limitations, duties
and restrictions, which hy law 2ppertain t'eretc
Witness my official signature hereunto subscril ed.
and the seal of the State of Maine horeunto affixed
this - day Of ---, in the year Of our Lord
lday, month and year inserted. The secretary of
state shall sign tn same and cause the seal of the
state to be thereto affixed, and such certificate shall
be conclusive evidence Of the organization and cs-
laolishneht on such corp"Ta9n at the data Of such
certificate. The secretary shall also cause Il record
OF such certificate TO be made and cops of such
record duly certified may with like effect d- the
orlslna certificate he given IN evidence t. prove
. the existence Of such Il corporation
SEC. T. The first meeting for the purpose uf
organizing such corporation, shall be ca led hy q
notice, signed by five more of the subscribers to
such articles of association stating tho time pur-
pose and place Of such meeting, copy Of which
notice shall seven days at least before the day ap-
pointed for such meeting, be given to each sub
scriber, or left at his usual place ot business or
place OF residence or deposited in the post office
post paid and addressed to him at his usual place
Of business or residence; and whoever gives such
notice, shall make affidavit Of his doiHys which
shall be recorded in the records Of the company
SEC. ;. Ia case the capital stock of any company
formed under this act is found to be insufficient for
constructing ana operating its road, such company
maE increase rs capital stock from tne to time to-
any amount, for the purposes aforesaid. Such i'm
crease must he sanctioned by a vote, in person
oJ proxy, OF t"0-thIrds III amount OF all the stock
holders of the company, at meeting of said stock
holders, called by the directors Of The company tr
that purpose.
SEQ. 6. Every corporation organized under this
act before commencing the construction Of its road
shall present to the board of railroad commissioner
a petition for approval Of location, accompanied
with map of the proposed route on an Appropriate
scale, and with a profile Of the line on vertical
scale Of ten to one compared with the horizontal
scale and with report and estimate prepared bv
skilfu engineer from actual survey. The board
OF railroad commissioners SHALL presentation ot
such petition, appoint day for hearing thereon
and the petitioners shall give such notice thereof
as said board shall deem reasonable and proper in
| order that all persons interested may have AN on
portunlty to appear ana object thereto. If the
board OF railroad commissioners, after hearing the
petition, shall approve the proposed location aud
that the public convenience requires the cOnstruc-
ton Of such road, the corporation may proceed
with the construction of their road, provided thew
ho1l first EIa h aolar tho, ~