Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-01-19

son Tor 1898 was presented in the
Senate, yesterday afternoon, and as a
matter of course was referred to the
committee on finance. The bond is for
$15O,0OO, and is signed by six of the
solid men of Maine. namely, E. c.
Burleigh of Augusta, and NJ C. Aver,
Chas. V. Lord, Edward H. Blake
Franklin A. Wilson and Joseph p Bass
all of Bangor. These gentlemen rep
resent, 1t is said, over 100000 and
their names were all on Mr.. Simpsons
last bond.
The first resolve of the session to be
finally passed was that providing for
the expenses of the Senate committee
to ex-Gov. Davis funeral.
In the Senate, Monday afternoon, the
committee on pensions reported in
favor of the resolve for $4,000 for State
pensions. This is the first measure to
be reported from committee this ses-
sion. The appropriation is a little
larger than last year. but the sum is
all imperatively needed by the depart
ment to carry on it's urgent work, and
there will be no hinderance to the re-
solve on it's passage.
Following is the full text of Senator
T. 10 l,n
railroad laws, introduced Monday
afternoon:
Sec. 1. A railroad corporation, which
has a lease Of or which operates the
railroad of another corporation, may
purchase and hold shares of the capt.
tai stock of such corporation.
Sec. 2. A railroad corporation which
owns the majority of the capital stock
of another railroad corporation, may
purchase further shares of the capital
stock of such corporation and hold the
same together with the shares which
it now owns.
Sec. 8. If a railroad corporation re-
quires additional land for the purpose
of improving the line Of it's road or if
it requires additional land for laying
one or more new tracks adjacent to
other land occupied by such corpora
ton by track of track already in use,
and is unable to obtain the same by
agreement with the owner, it may ap-
ply in writing to the railroad commits
sioners describing the land required for
either OR both of said purposes, and
naming the persons interested; the
cc;o CHI Mt
time for hearing near the premises.
and require notice to be given to per-
sons interested as they may direct, IA
days at least before said time; ard
shall then view the premises, hear the
parties and determine how much, if
any Of it is SO required, they shall
furnish the corporation with a certifi-
cate containing definite description
thereof, and when it is filed with the
clerk of courts, in the county where the
land lies it shall be deemed and treated
as taken as and for public use; pro-
vided however,e that whenever land is
held by a tenant for life and the re-
version is contingent as to the persons
in whom it may rest on the termination
of the life estate, such fact shall be
stated in the application and the COM
missioners shall in addition to the
notice to the tenant for life give notice
by publication to all others interested
in such manner as they deem proper.
In taking such lard the corporation
shall be subject to the provisions Of
Sec. IL, Chap. 81 Of the Revised
Statutes, and shall be subject with re-
spect thereof to all the general laws
1x-h;o No hnr ftap
passed relating torailroad corporations.
Sec. 4. A railroad corporation for the
purpose of building branch railroad
track which it is or may be authorized
to build or of aiding in the construc-
ton of another railroad, persuant TO
law, or OF building depots, or of
grade crossings, or of maxi
ing permenent improvements, or of
paying it's floating debt, of paying its
funded debt, or for the payment of
borrowed for any lawful pur-
pose, or for the purchase of shares of
the capital stock of any railroad cor
poration whose railroad is leased to or
operated by it, or for the purchase OF
shares of the capital stock of any rail-
road corporation Of which capital stock
is owns majority, or for improving
the line of it's road, or for acquiring
land for and laying new tracks CIR for
other necessary and lawful purposes.
from time to time, with the approval
of the railroad commissioners as here
matter provided. may increase its capt.
tai stock beyond the amount now fixed
by law. provided such increase shall
first be authorized by vote Of a ma
jority of stock present or represented
at a legal meeting of the corporation
duly called for that purpose.
Sec. 5. Upon the petition of the di-
rectors of the railroad corporation to
the board Of railroad commissioners,
the amount of such increase. after such
notice by publication as the commits
sioners shall order. and after hearing
shall be determined by said commits