The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-02-26
MEETING OF THE RUTLAND RAILROAD
CORPORATION
At Bellows Falls.

Union hall, on Friday, to act upon pro-
posed modification of the lease of the Rut-
land railroad company of the Rutland rail
road, dated December 30, 1870. to the re-
ceivers and managers of the Vermont Cent
raj and Vermont and Canada railroads A
meeting of the stockholders of the Central
Vermont railroad company was held at the
parlors of Towns hotel to act upon the
same subject. .....
The officers, attorneys and many of the
leading stockholders of both corporations
were present. Among whom were Hon.
John Gregory Smith, Hon. John Il. Page,
| Worthington c. Smith, James w. Hckok,
Jedd p. Clark, Peter Butler, Lansing
Mills, Francis A. Brooks, Jacob Edwards,
Bradley Barlow, J. Mason Everett, John
ii. Kimbal, b. B. Smalley, Geo. Nichols,
James II. Langdon, Luke p. Poland, Is.
f. Flfield, John Prout, Daniel Roberts,
William Chickering. William Webster,
Mark Emmons, Wallace Russell, o. j.
Kimball, Joel NJ. Haven, George NJ. Oil,
OSOlBS III. hiCc, -. W. ShulNhs ChS
Drury, D. d. Ranle,t, L. NJ. Barnard.
The meeting was called at 10 o'clock. but
as some matters of difference were unset
tied between the two boards, delay Was
occssioned in assembling until about half
past one o'clock.
The meeting of the Rutland company
was called to order by Hon. John b. Page
The call was read by b. b. Ssnlley, the
clerk
Governor Page then explained the CON
troversy that had been going on in law for
some months past, in the suit TO recover
the possession of the Rutland railroad or
ensure the payment Of tho rent. The
questions at issue had been ably argued by
ttheir counsel, and some months had elapsed,
but. up to tins time they had been unable to
get any light,as to tho result. The Central
Vermont managers and receivers made a
counter .c&aHF OF fraud in making the
lease, For himself he despaired Of getting
any Justice from the court of chancGry be-
fore which il was heard, because it seerAs TO
be under the control of our opponents
Negotiations have been pending for six
weeks pact for d modification of the lease
and the settlement of the exciting c0ntro-
vefsy, which was finally completed on the
18th of February, aud this meeting had
been called for the ratification of the mod.
f,ation of the lease as agreed upon. He
would now submit statement of the pro-
posed adjustment.
Governor Page proceeded to give a
statement of the proposed modification of
the lease and basis of compromise, and
called upon the clerk to read it as drawn
up.
James w. Hicl;ok OF Burlington aua-
gested that after the statement Of the presi-
dent, containing the main points, it was
unnecessary to read the memorandum of
agreement.
Daniel Roberts, esq, Of burlington,
thought the papers should be read
The clerk then read the memorandum.
ARTICLES OF AGREEMENT.
|
lease executed by the Rutland railroad
company to the trustees AM managers OF
the Vermont Central and the Vermont and
Canada railroads, dated December 30,
1870 also the assignment of certain leases
dated January 30, 1871 the provisions for
securing the payment of the rent by orders
upon the Connecticut River and Cheshire
| railroad companies, and the ratification of
such action by the receivers and managers
of the Vermont Central, dated January
5, 1871 the surrender of the lease of the
railroad and dock property at Burlington.
Then proceeds as follows:
And whereas, The Central Vermont rail
road company mas heretofore by an order
of the court of chancery in Franklin coun-
~, made in said cause. on the 9 LIST day of
June, 1878, been substituted and appointed
receiver and manager in the place and
stead of the above named J. Gregory
Smuh and othera, and since the first day
of July, 1873, said Central Vermont rail
road company has been in possession of
said Rutland railroad and other leased
roads as well as of the Vermont Central
and Vermont and Canada railroads and the
personal property connected Herewith al
the successor of said trustees and manag
ers, to which proceedings and order or the
flies therein reference is hereby made as Q
part hereof:
And whereas, certain controversies have
arisen between said Rutland railroad com
pany and the Central Vermont railroad
company, successor in said trust, as afore
said, touching the rents due end to become
due to said Rutland railroad company
under said contract of December 80 1870
assignment Of leases and orders drawn auo
accepted as aforesaid, as well as in respec
to SAID Addison railroad and various othe
matters
Now for the purpose Of eiTectually set
Ting and terminating said Controversial
and all of them, and every and all matter
of dispute, claim or question of every
name, nature or description. that can, Of
NAV now exist between said Rutland rail
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