Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1889-03-14

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he can towards relieving his brother farmers
o. New CASTLE county from the payment OF
tax on live stock owned by them. His bill
TO this and contemplRtee the abrogation Of
assessment and taxation OF such live stock
after Its passage and the rendering uncol-
lect'ble OF all taxes now assessed upon
such stock and not collected prior to It's
passage; and the levy court shall make
allowances to the collectors for such uncol.
lectible taxes and shall also, at Its present
session or at the session OF March 1890, strike
nom the lists oil assessments OF live stock
In New Castle county.
MIR. Eckles has another bill In hand that
contemplates making city and school taxes
In the city OF New Castle "prior lien" on
the property upon which they are assessed.
THE REPUBLICAN CAUCUS.
The Republican caucus tonight decided
| TO support the Constitutional Convention
bill to be reported from the committee and
TO push the measure through this week.
The caucus was not q full one, Sackett of
Sussex and Il. A. Davis, W. u. Davis, DR..
| Richardson and Hynson OF Kent not being
| present. Tho salient features OF the
compromise measure which the committee
Will report have already been given In
the GAZETTE.
Down, March 12.-vague hints that
have been elusively floating for month
or so Of something big in railroad legis.
lation, seemed to materialize when Rep
resentative CLARK this afternoon gave
notice of IAN act to incorporate the Del
aware and New England Company"
After studying the prospective bill in
more or less-and considerably more
than ss-perplexity. the press represen-
l tatt 10 "
Massey, ESD, the acknowledged local
authority ON railroad matters. They de-
scended upon him, es one uuregenerate
sinner remarked, en- masse, and de-
manded an explanation. "Why, gentle
men," said Mr.. Massey blandly, ''the bill
explains ITSELF So here is the bulk OF
the bill:
WHEREAS, John 8. Wilson, Charlemagne
Tower, Jr., Arthur 70. Newbold, Henry
Mccormick, Francis W. Kennedy, Stephen
Arthur Brock, Henry o. Seixas, Joseph Il.
sinnott, Charles +. Bsrwind, Charles e.
Morgan, Jr., and other persons III Section
OF this act mentioned and their associates
are the owners OF stocks OF certain railroads
and other corporations connected there
with In Etates other than the State OF Della
ware, but forming part OF through line
| Which VIII COuubCI lub OthtG vi bf1th"tt0
with the New England states, and will afford
an outlet for the perishable fruits OF 1.-THE Della
ware Peninsula directly TO the Nav England
markets by an all rail route, whereby the
delay now Incident to the ferriage OF the
cars around New York City will be avoided,
and are DESTROYS OF consolidating their re-
speetive interests In said properties by the
creation OF corporation with power,
inter ALA, TO purchase the Aforesaid stocks,
so that the expenses necessarily incident to
separate ownership may be reduced, and
the service Of transportation be performed
az economically Ne possible; Therefore, BE
1t enacted, &c.:
Section /. That John s. Wilson. oharle-
magne Tower, Jr., Arthur q. Nwebold
Henry Mccormick, Francis ". Kennedy
| Stephen A. Caldwell, John W. Brock, W.
, W. Gibbs, Arthur Brock, Henry o. Selxas
Joseph s. Sinnolt. Charles F. Ber wind
Charles e. Morgan. Jr., and their asso'
clates, or majority Of them, their sue
: ceeeors and assigns, are hereby created and
declared to be a body corporate to Dc
: known as the Delaware q New England
! Company, and by that name, style and title
, shall have corporate existence for 20 years
I Here follows the usual corporation fran
chise5.
: Section Q. The company hereby created
j., shall have the power to own. hold and sci
the stocks, bonds and securities OF the cor
| IbldfTbu " III tub pEthLiUiE "
this act and ofsuch other companies as may
2 be connected with the said system, o.
Y Tributary thereto, and to make advances o
3 money and credits to such companies; ant
to receive and hold on deposit as collateral
: to secure any such advances OF moneys o.
9 credits, any estate or property. real or per
sonal, including the notes, obligations ant
accounts OF any such companies, and thu
i game to purchase. collect, adjust and settl
!. and also to pledge. sell and dispose thereo
y on such terms as may be agreet
q upon between them and the par
9 ties contracting with them; and alst
J, to endorse and guarantee the pay
Q ments OF the bonds and the Performance
= OK the obligations OF such other corpora
:, tions; and to assume, become responsible
y for, execute and carry out any contracts
!. leases or sub.leases made by any such com
y pany to or with any other company or com
y panie5, and to purchase, make, use an
y maintain any works or improvementsinco cor
y nection with or incidental to the bushes
y OF the said company; and to merge or cor
solidate or unite with the said company th
improvements. property and franchises q
Is any such other company or companies
are contemplated by this section, on sncl
~ terms and conditions as the said compan
+ may agree upon; and the said compsn
st shall DO subject to taxation In the sam
al manner and TO the same extent, within I'll
n State, as other like corporations are taxabl
y I. by It's laws, and not otherwise.
10 Sac. 8. Provides that the capital stool
le shall consist OF 5000 shares OF 800 eact
Al with the privilege OF increasing the sam
Iy by vote of majority OF the stock to sue
$; an amount as may from time to time b
10 deemed necessary for the purposes Of tn
!, corporation. When 1000 shares have bee
r subscribed and 10 per centthereon 1870, 900
Is paid In, the shareholders may elect frot
I'd seven to thirteen directors to serve unt
" the next annual election or until their SUE
10 cessors shall have duly elected and quail
p fed; and the directors SO elected ar
10 clothed with all the rights and privilege
e. OF the company; and whenever m IN
crease In capital stock is made
IL the corporate seal OF the company, an
y, signed by the president and secretary
~ shall be fled with the Secretary OF STATE
In Here comes q clause that sounds liz
IT Addicka The capital stock OF said CON
A. pany, as authorized by this act, or tn
m stock thereof when increased In the mod
9. and manner prescribed therein, may be
a. the whole common or In part preferre
n, stock, as the company may from Time !
It, time determine; and the said company
d, hereby authorized and empowered to ls ~
J. said stock, or any portion thereof, IN pay
4. ment of any debt or liability incurred In th
u. purchase OF any property, or they may SO
j. or dispose OF any portion OF saiu commD
n, or preferred stock, on such terms and cor
n. ditions and for such property as the CON
IL pany may agree upon with any party
X parties. company or companies.
=. Sec. 4 The principal Office Of the CON
De- pany shall be In Wilmington, hut the diret
= tors may establish branches or ,agencit
n. elsewhere; all the directors shall bs cit
he zsns OF and resident In the United States.
Sec, s. Provides for the election, al
nually, OF directors, and the election BY I'll
h. directors OF president, yice-presiden
IN officers. clerks and agents as the busine
q. OF the company may require.
of Sec. 6. Ten days notice, by ne#spap'