Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-03-09

A good deal of quiet sork connected with
the proposed scheme of storing the water
about the hcads atcrs " the kennei'ce river
has been going on. There was a strong OPP
position to the first bill put in and finally a
compromise was reached yesterday on the
following which the committee report to
day
See provides that the Lockwood Co. OF
Waieryille the Edwards Manufacturing Co.
Of Augusta the Skowhegan Water Power
Co, the Hollingsw orth & Whitney Co. of
Winslow, the Manufacturing Investment
Go. of Madison, the Moosehead Pulp and
Paper Co. Of Embden the FAIRFIELD June
ton Mills and Water Power Co. Lawrence,
Ncwhall & Go. of Fairfield are created and
constituted the kennebec Water Power Co.
"f for the purpose of making such improve
ments in the kennebec river and its lrihu-
tary waters herein named. as will enable
them to store wafer, for the purpose
Of Increasing the volume of water
in said kennebcc river in times of dr0uth.
either in summer or winter, and for that
purpose may flow the following ponds and
streams in the waterbed of the kennebeC
river in the county of Somerset Mnxie.
Pierce, East and Middle Carrying Place
ponds, the Black Stream ponds, Pleasant
and Baker In taritunk, Hayden lake in
Madison, and Embden. Hancock and Fah
ponds in Emblem by building dams, flow
ing saId ponds aud streams and deepening
the water channels connected Herewith
and by which name hey may sue AMI be
sued. plead AMI be implea1ed, and shall en-
joy all proper remedies a; law and in equity
10 secure and protect them in the exrr-
,tts
and IN the performance of their duties
SAID corporation - hereby authorized to
purchase and hold any estate. real and per
sDnnl, tn an amount not exceeding 500,
900 and To make and adopt by laws not re-
pugnant to the laws and cou 1titution OF the
State of Maine and all dams or other
structures authorized herein shall be 50
constructed with proper rolways, sluice-
ways, gates. or other cOntrlyances ~ to
facilitate and not to impede or interfere
with the floating or drfving of logs, and
nothing herein shall interfere with the
chartered rights of the Emerson Siniee 60.
nor with the free use of the waters OF
Pierce Baker and Noxic ponds, so far as
needed for driving logs or lumber in sail
pones and in Pierce and Moxie streams as
heretofore used"
The capital stock il fixcd at 500 ,tHl0. to
he divided into shares OF Sloo each, and
each share shall cn,itle its hollcr TO one
vote at all meetings. The capital stock Is
20 be divided Into ten equal parts anil each
water power or privilege represented tW the
corporaturs above named shall have assigned
to it one of such parts and shall have the
rightto take the part assigned To it or any
part thereof AT any tinr. But IN ease the
total amount then expended by the corpora
ton exceeds III" total capital stock then Is
sued such informing shar, lutler shah pay m
addition To the par yalne of his stock sub
scrihrd for. such just proportion it any of
til" excess thus expended - the court shall
determine etc The two unassigned parts
shall be held unssucd until some water
power OF privilege not now represented h,
the corporaturs herein named stall want and
take them on equal terms with the others.
Sec. . ronfcr- the power of erecting and
maintaining dams, etc.
see. I empowers the company TO take
and bold for public use such dams and
lands play be necessary for the purposes
of the corporation. and IN Ease the com
pany cant agree with the owners, the
county commissioners are 10 determine the
price. SEE Is provides that the supreme
court shalt have equitable jurisdiction over
tins corporation.