Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1890-12-12


See. !. Superintendent Of asylums Tor the
insane IN Vermont shall receive All persons
committed under the provisions OF this act as
state patients, but no person shall be 50 re-
eeiNed unless the certificate Of two physicians
1t good standing in their profession certifying
10 'he insanity OF such person Is hled with the
Sec. ,. This act shall take effect from its
passage.
Approved October 2s. $50
No. 22.-AS ACT in relation To railroad bonds
and mortgages.
II Is hereby enacted BY the general assembly
OF the State of Vernon
section l. Any railroad company may issue
its bonds ON time not exceeding one hundred
years ana AT a rate of interest not exceeding
slN per cent, for any purpose it may desire, up
on majority vote of its stockholders voting at
any meeting duly called for that purpose.
sec - ANY railroad company may mort
gage Its road and franchise, and any other
property which 1t may own or in which II may
DE Interested, to secure its own bonds or the
bonds OF any other railroad or transportation
company within or without this State, upon "A
majority vote of its stockholders voting at any
meeting duly called for that purpose,
zee. -. This act shall take effect from its
passage.
Approved November T.. $500.
No; Dan Act to amend sections three
Thousand four hundred sixty-one. three
thousand four hundred seventy aud three
Thousand four hundred seventy-tive of the
revised laws, relating to reorganization Of
Tllifoad companies after foreclosure.
IT Is hereby enacted BY the general assembly
ct the State of Vermont:
Section Section three Thousand fOuI
hundred slxty-one of chapter one hundred
hity-eighty OF the revised laws is hereby
amended so as to read Us follows "Whep
mortgage OF IA railroad Tor of IA railroad and
other property or part thereof made by IA rail
road company Tor by a railroad, mining ami
manufacturing company, to secure the pay
ment oil bonds, Is fOreclosed, and the legal it'll,
TO the mortgaged premises vested in the mort
sagees' persons holding majority i'll amount O
the principal of the bonds so secured may form
themselves INTO corporation for the purpos,
oil owning or maintaining and operating sucl
r'hiroad land other property or part thereof
lor pubhc use, III the conveyance of person.
and property land otherwise"
Sec. :. Section three thousand four hundred
seventy OF chapter one hundred fifty-eight i
hereby amended so as to read rs follows: An,
company formed under this chapter shall, from
the time ITS articles of association are filed, b.
privileges and franoL VIII .ne pG"ets, rsnaa
operating its r,;iro"5 ' io n .h sn'
which wer, vastad !, a. 'a,iu o.ner ploPeres
ing il and shall ha Juo .Vi Gi,
liabilities, and to future legislation.
Dec. ). Section three thousand four hundre,
of the rev;sed Ions T. onI mu',uroI ~ eis u
read as follows. En- nao s a neian. So S
on the part of tba haUd% i IL neg VI ,au
new corporation md H. ~ W. &c H.;
chapter when ,nortl,o WI ~ ', vi
or + the ra;lroad iomS a. n,ls ueen so
the mortgage EXISTS ~ ooId p.opui i" W. a.
order. decree or ;ndgmort e -, u , ="
cbasers or crantsos Ie"' VI !" INC pJ,
same in the mannsr ,,,osar;hoJ h., io, al
have the r;gbtS ~, p'cs s'i ny Jaw si,al