Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-10-27
Hd, NH. cure Liver Ills; easy to
iloOu TlilS take, easy to operate. &c.
~ nnv ARRANGEMENT. trade. or agreement

ing any arrangement trade, or agreement
for or in respect Of any reorganization,
any party thereto has awaited itself Of
any knowledge or power acquired in any
position of interest. office, or trust in or
over said company, or to aid or promote
such reorganization: and, If so, 20 hold
that the benefit of all such trades and az
engagements shall inure to said Central
Vermont Railroad company and the sew
eral interests therein, and II thereby said
companies shall appear to be rendered SOL
vent and to be capable of discharglnS
their public and private duties and obliga-
tons, then, by suitable orders and de-.
crees, to carry such trades and ar
rangements into effect, or otherwise, by
suitable orders and DEGREES, to enable
other interests to avail themselves of the
benefits thereof, in the inverse order of
their priorities as between each other, as
justice and equity may require
Sec. l. Or that !hc benefit of all such
arrangements, I'm so far as the same can
be equally wei. secured irrespective of
any personal quality, possessions. or char
actcr of The company, party or interest
to hold. own or operate said road, may bo
subjected TO competitive bidding for the
right to assume the burdens thereof for
the benefits thereby to be secured.
Sec. s. That IL neither of said DISPOSE
tons appear, after trial or otherwise. to
be practicable or sufficient then 1T shall
he the duty OF The court to refer the
cause to a special master or masters to
take evidence and formulate a plan of
reorganization, or the refundng by said
Central Vermont Railroad company of its
own indebtedness. for the submission to
the various interests through court, and,
upon the acceptance thereof by a major
ity in amount of The various interests in
volVed, and after hearing of all inter-
csts, to enter such orders and DEGREES for
Inc h..tl
cial sale in whole or in part Of ali or any
interests; all consistently with the laws of
this state aad as justice and equity may
require
Sec 6. Provided. nevertheless, that in
no instance shall! any majority interests
in the stock OF any Comrany to own or
control the property of said Central Yer
mont Railroad company or franchise for
the operation thereof be voted or other
wise exerted by or In behalf of any alien
or aliens or alien company or organiza-
ton; and 1t shall appear, under oaths of
stockholders invoking the penalties of
perjury, at any and all elections by and
meetings of stockholders, that such a ma
jority of votes and shares as was neCcs-
sary for action was held and owned ex-
clusively in the right of or in trust for
citizens OF the United States only.
Sec. Z. That the governor of this State
may at any time and from time to time
add to the number OF the board of direo-
tors of any company owning or directly
operating said road and franchises now
or formerly of said Central Vermont Rail
road company extra members equal to 20
per centum of the number of the then
existing board, which directors so APP
pointed shall respectively have equal voice
and vote with other directors on all mat
tcrs coming before them; and may,
through tn States attorney for any
on lNs 70 i1,10 Of ha c.
prcmc Court to secure the observance Ly
said company of The laws herein enacted
and other laws in behalf of the public poll
icy Of the State in the premises, the eX-
penses of which directors shall be borne
by said company when in the perform
ancc Of the duties herein imposed upon
them.
See. S. No company owning or operating
said railroad or franchise shall enter into
any exclusive traffic, connection, trade or
arrangement with any other railroad or
railroad company, except with the con-
sent of the abroad commissioners. nor
for any control of said road and fran
chises which Durports to secure vested
rights as against :he existing or future
public policy of the State.
See. .. Wherever the Central Vermont
Railroad company, It's property and fran
chlses, are hereinbcfore mentioned, the
ame shall include branch, leased, and
AUXILIARY IlncS OF It's own or any consti-
/ tuont or auxiliary company.
! Sec. 10. That, in the event of any sac
by foreclosure or otherwise OF said prop
erty or any part thereof in or under any
foreign or other jurisdiction over which tn $
state or its officers may not exercise con-
troll, any purchasers thereof. within or
coming within this State, shall be held 10
have acquired title, If any, subject to and
only so far as consistent herewith and
with the provisions hereof; so that the
same may be modified, limited, or annull-
ed as may be required to satisfy or con
form to or to accommodate the opera ton
hereof on application of any party In in
tercst, as hereinbelore designated to any
judge of the Supreme Court of this State
OTHER RAILROAD BILLS.
I snort sessions were the order at the
state House to-day but everyone was
there for business and considerable of il
was accomplished during the morning sit
ting. Three railroad bills affecting tn,
Rutland railroad were introduced In both
House and Senate in short order. The first
was introduced by MIR. McGeary in tn,
House and Senator Plat in the Senate
an act to incorporate the Rutland Cana.