Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1898-10-20

purpose OF selling them.
By Mr.. Simmons of Woodstock, au
thorizing selectmen to light dangerous
places in highways.
By Mr.. Swasey of Barre defining
contempt of justice and municipal
court and making maximum penalty
S25 fine or 30 days Imprisonment.
BY Mr.. Holmes of Brookfield, reduc,
ing limit of exemption of savings bank
deposits from $1,000 to $780,
| BY Mr.. Bond of Searsburg, making
tax warrants applicable to all taxes
due town treasurer and continuous un-
til all are paid.
BY Mr.. Butterfield of Derby, creating
office of Encouragement. This officer
is to be appointed by Supreme Court,
hold his office two years and receive a
salary not fixed as yet in bill. He
shall appear for state in all cases that
the state is interested in. He shall
have supervision of criminal pr0secu-
tions. States attorneys shall be under
his direction and report to him and
their salaries shall require his certif-
cate OF approval.
Mr.. Richardson OF ST. Adams city
has it "in" for certain long-lived sheriffs
and wants them limited to two terms.
to apply to present incumbents.
Mr.. Sheridan of Highgate thinks it
would be an improvement, when vo-
tiers require assistance in marking
ballots, TO have one Republican and
one Democratic member of the board
OF authority unite in assisting him.
Mr. Dodge of Sheldon has a scheme
of equalizing taxation by exempting
mortgage loans made at 1-2 per cent
and treating as usurers those who lie
in trying to secure this exemption. He
would exempt from taxation state
savings bank loans made at . 1-2 per
cent.
In the Senate Senator Steele's bill
relating to investment of funds by
trustees was advanced TO third reading.
The Senate has an attorney-general
bill similar to the Houses.
Senator Blodgett wants TO add a
woman to each of the state boards in
charge OF penal and reformatory insti-
tutions and several petitions back him.
The afternoon was notable for bal
loting in both Houses separately for
United States senator. In the House,
Mr.. Hiobee OF Proctor nominated Red
field Proctor and Emory 5. Harris of
nominated Thomas w.
for the Democrats. Briefl
seconding speeches were made by sew
eral. Each member as his name was
called rose and voted, the result being
l79 for Proctor and 40 for Moloney |
In the Senate the same form was fol-
lowed, Senator Partridge nominating
Proctor, while Moloney was without Il |
Proctor received all |
the votes There really wasn't much |
doubt about the result.
In both Senate and House the most |
important bill of the session was in
troduced by Senator Watson of Wind |
sor and Representative Wall of Ran
Ilolph, respectively. Ii covers the pro-
posed reorganization OF the Central |
Vermont Railroad company.
The bill names as lncorporators Z.
c. Smith, ID. ID. Ranlett. Charles NJ.
Hays, Charles Percy, John G.. McCul-
Ioueh, William Seward Webb, Ezra ii.
Baker and Samuel +. kilner. The
is created for the purpose
Of acquiring title to and owning and
operating the railroads of the Central
Vermont Railroad Co., the Missisquoi
Valley Railroad Co., the Burlington
aud Lamoille Valley Railroad compa-
nv, and the lease of the New London
Northern Railroad and the stock of the
Montreal and Vermont Junction Rail-
road Co., and to operate any other
railroads on consent OF theiI stock
holders. Capital stock is fixed at
81, 100000, divided into $4,000 shares
If 800 each. This stock may be
owned by citizens or coporations either
)f the United States or foreign coun-
sries, general laws to the contrary not
Board of directors shall
consist of not less than seven nor more
han thirteen members, to be elected
all OF whom must be stock
holders, and majority must be citi-
zens and residents OF Vermont. The
board shall elect one of its number as
president. who shall also be president
Of the company; also clerk and
treasurer, who shall be residents of
Vermont. The board shall make by
laws, which shall not be inconsistent
with laws of this state. The corpora
tors shall first meet whenever the prop
erty of the Central Vermont railroad
has been sold under the decree of U. S.
Circuit court of Vermont and such sale
The corporation is author
lied to execute its full paid capital
stock in payment for said railroads
and twelve million dollars of its four
per cent gold bonds to be secured by
a first mortgage on Its property and in
come thereof. The stock and bonds
shall be distributed among the persons
and corporations entitled thereto un-
der provisions of a written agreement
dated Boston, Sept. %. 1893, between
executors of j Gregory Smiths estate, /
The Grand Trunk Railway company.
The bondholders' committee and others
and this grant accepted on that con-
1ition. Any company whose railroad
is herein referred to may convey same
10 new corporation on terms satisfac-
tory to stockholders. The act is apub-
lie act and takes effect from its pass