The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1890-12-12

Of good standing In thoir profession certifying
20 the insanity Of such person IL filed with the
superintendent.
SEQ. b, This act shall take effect from its
passage.
Auproved October "a. 18AO.
=,
No. IAN Acr IN relation to railroad Dohas
and mortgages.
II il hereby enacted by the general assembly
Of the State Of Vermont:
Section /. Any railroad company may Issue
Its bonds on time not exceeding one hundred
years, and ut rate Of interest not exceeding
six per cent, for any purpose It may desire, up
on a majority vote Of its stockholders voting Mt
any meeting duly called for that purpose.
See. 2. Any railroad company may mort
gage its road and franchise, and any. other
property which it may own or In which II may
be Interested, to secure its own bonds or the
bonds Of any other iailrOad or transportation
company within or without this State, upon
majority vote of its stockholders voting ut any
meeting duly called for that purpose.
Sec. 3. This act shall take effect from its
passage.
Approved November IL, 1890.
M. 23-AN Act IN amend SECTIONS three
I Thousand four hundred sixty-one, three
Thousand fonr hundred seventy and three
thousand four hundred seyenty-fiye Of the
revised laws. relating 10 REORGANIZATION Of
railroad companies after foreclosure.
II il hereby enacted by the General assembly
of the State of Vermont:
Section /. Section three thousand four
hundred sixty-one of chapter one hundred
fifty-eighty Of the revised laws is hereby
amended so as to read as follows: ''Where
a mortgage of a railroad Tor of a railroad and
other property or part thereof, made by rail-
road company Tor by q railroad, mining and
manufacturing company, to secure the pay
ment of bonds, is foreclosed, and the legal title
to the mortgaged premises vested in the mort
gagees persons holding a majority in amount Of
the principal of the bonds 60 secured may form
themselves into corporation for the purpose
OF owning or maintaining and operating such
railroad land other property or part thereof,
for public use, in the conveyance Of persons
and property land otherwise"
Sec, q, Section three thousand four hundred
seventy of chapter one hundred fifty-eight is
hereby amended SO as to read as follows: Any
company formed under this chapter shall. from
the time its articles Of association are filed, be
corporation, vested with the powers, rights.
privileges and franchises for maintaining and
operating its RAILROAD land other property
which were vested in the corporation mortgage
ing it, and shall be subject to like duties and
liabilities, and to future legislation.
See. q Section three Thousand four hundred
seyenty-fiye Of chapter one hundred fifty-eight
of the revised laws IL hereby amended so as to
read as follows; I'm case Of neglect or failure
ON the part OF the bondh ,lders to organize
new corporation under the provisions Of this
or # the railroad (and other nronertvl ON which
the mortgage exists Is sold or assiened by an
order. decree or judgement of a court. the pur-
chasers or grantees who acquire title to the
s s ~ .e nanner PrescI'Dea ny aw slali
.ayc tnG rlsnIs, powers anu pr.xnesos sI1aIh H
IN IIs chapter 70 majority OF tle DonunoIoels,
ana be SUBJECT to IKE duties; ana may associate
with 81 them other persons, ana may make sign
ana me arucles OF associau9n - DeIore pfe,
scrlbed In this chapter, and shall thereupon be
corPorauon Win the powers, PrIvnegss aua
franchises granted 10 ana 1e suDJect 70 the gu
Ties imposed upon raiiroad corporations YIN
case a corporation Is SO formed by snch par-
chaSers or grantees and their associates, the
STOCK OF sncn corporation created 70 ~ amount
be issued IN payment Tor the railroad and other
property included III such foreclosure upon
the transfer ana conveyance OF such railroad
ana other property to such corporation ana up,
ON such issue the said stock shall be taken and
deemed to be fuii PAID stock and not liable to
any 19rther calls. Inc said corporation 80
formed shall have and enjoy the same rights TO
mortgage its property or to create and issue ad-
dihonal stock and shall have and enjoy the
same rights and powers IN all respects as we're
mortgaged such property or as are hereinbe-
fore provided and also the same rights, pow
ers, privileges and franchises granted to and
subjects to the duties imposed upon railroad
coIporatio''ssH .n = -.
oec. :. Ahis ac' sinai Jake erect from its
Passase' a., 900
approve" November ~ 1917.
~ .. A., 49,.
NO; :aL5As AT relating 20 tne assignment
u !uages 70 l.o'a courts OF chahcery ana pre-
sue III county courts.
1t is hereby enacted by the general assembly
of the state OF Xermont
SECTION l.. The assignment of Judges to
hold courts of chancery and preside in county
courts may be SO made that the judges may
follow one another in the order of their terms
of service, notwithstanding the provisions of
section two, number ffty-fve OF the acts of
1886.
Sec g This act shall take effect from ita
passage.
No. 25.--AN ACT relating to amendment of
process and pleading.
Il ia hereby enacted bv the penera, ASSEMBLY,
of the state Of Vermont:
Section |. The powers of court to amend
civil process or pleading shall extend to the
striking out of the name Of party improperly
Joined as plaintiff, ON such terms as the court
shall deem Just.
Sec. 2. This act shall take effect from it's