The Brattleboro reformer. (Brattleboro, Vt.) 1907-1912, 1908-11-13
B,uttlebOrO Local
Ewes RIGHT TO CONSOLIDATE.
sr Of Bl! introduced by Senator
slscu Regarding Local Water Co.'S

sr Of Bill Introduced by scuats
slsOa Regarding Local Water Co.'S
"a Go consolidate the Chestnut M
tznUf nnU.ny and the Sunset IaL
Ia uaiH. any
III hflstg enacted by the general n,
-, ID lH. stale of Vermont,
sd.a The Chestnut Hill Reseryoi
..5an,. t.Hfieivd by No. 81 OF tbe A.,
hN WiHUa charter is amended by N
al d. ltis Of 1891 aud by No. 3li q
< A., llli, may merge and eonsol,
kf D. a.. nal stock, franchise aud prop
eg With aud may acquire the capita
al, lnughisf' and property OF the Sun
:, lAkr Water company, corporatioI
ss,lri No, 2l1 OF the Acts of IDOi
"a ,ath tgims aud conditions as NAV Il,
~ ul1n by the boards of dinector,
u fliapi lg a unanimous vote OF tbe
~ Il SAID companies, voted al any
.-,ns .uy called Tor that purpose.
90 iar the purpose of eiIeciine
a tog,ailailon, the said corporations
rT tlirJ INTO a JOINT agreement with
~ alru under the corporate seal IN
a. ioi their consolidation aud merger.
ssnhns The terms and conditions
fci. Che mode Of carrying the same
a t60i The manner Of converting the
j 81 aaGs Of the one corporation into
y, 4 iHe other corporation, with such
n ~ dal,i, as they shall deem necessary
a ,ciieg said merger and consolidation,
|Is hiua li the corporation made by
Isi Consolidation and merger shall be
~ lht Chestnut Hill Reservoir Com.
n M OF the Sunset Lake Water Com.
~ or such other name as the boards
III directors OF said corporations NAV
,b select, not however any name in
H. b any other corporation in Vermont.
l N agreement or copy thereof, certi.
= ty the clerks OF said respective cor.
,,.ii0n., under the seals thereof, and a |
srtaic ut such clerks that the agree. |
-, has been duly ratified by the stock. |
|ii,r Of each corporation, under the |
yUaon. Of this act, shall be filed in the |
2, Of the secretary of state of Yer.
MI, and shall from thence be deemed
NJ taken 10 be the agreement and act
mn,oldaIion of such corporations and
asnaiier such corporations parties there
h shall be- one corporation under such
NC a. NAV be selected rs hereinbefore
vgiied, which name shall be stated in
4, agreement filed with the secretary of
sl,s. The secretary of state is hereby
.rhorled and required TO make certified
NE. Of the agreement OF consolidation
aN,her with proofs of certificate thereof
~ in this office under the provisions of [
L act, SAID copies, so certified, may be
NJ in evidence in any court or proceed.
4 Of file or record in any office and shall |
prima iacie evidence of facts stated I
rgin and OF the regularity and validity '
snoi h
sc g. Upon the consummation of such
all the rights, powers, privi- n
p immunties, capacities, benefits, ad n
iiaees and franchises, and all the prop 4
y real, personal and mixed of said /,
l;olldated corporations, and all the b
Is due on whatever account to either NJ
them, as well as other things in action n
Onging TO either of them, shall be taken II
deemed to be transferred and vested k,
tie said consolidated corporation, with ii
further act or deed; and all claims, d,
lands, property. rights of way and 20
y other interest shall be as effectually 81
property of the said consolidated cor OK
itiOn as they Were of the other cor IA
ltiOns parties to said agreement; and
title TO all real estate, taken by deed. =,
therwse. under the laws OF this state, "a
ed in either of said corporations, par ~ ~
TO said agreement, shall be vested in re
consolidated corporation by virtue of y,
act Of consolidation. u ~,
e said consolidated corporation shall ~
and enjoy in the ownership and OPP ,u
on thereof, all rights, powers, privi- a.,
, immunities, capacities, benefits, adj sn'
iges and franchises which were owned a nhe
snioyed by either of said corporations, e, r
no further deed or record shall be re- W
d for the purpose of effecting said va; na'
er, consolidation, transfer and con- n ,ns
ce Pos
A. The said consolidated corpora ;
nay issue capital stock and bonds to unt
Il amount not exceeding the amount sha
,cks and bonds which both said cor hea
ions, parties to said agreement, POI
issue under their Respective char. nee
md amendments thereto. lro ?
5. 1t is further enacted that the oal
OF all creditors to, and all liens zen
the property of each of said cor uie
1ns, so consolidated shall be pre- San San
mmpaired, and the respective cor lroi
'ns shall be deemed to continue in lrlc
Ice TO preserve the same: and all 9e
and liabilities incurred by each of que
shall forthwith attach to cess
nsOlidated corporation, and may be anu !
ID against it and its property to the o. ;
xtent as if contracted and incurred pc
No contract, action or proceeding III
ch either of said corporations so useo
dated is party shall be abrogated, pay
!, abated or discontinued by such anu
ent or act of consolidation, but any soig'
'ntract shall continue in force, and salu
ch action or proceeding may be Be
ted to final Judgment in the name pow
lainst either of said corporations so repe
ated, or the said consolidated cor laws
Is SO consolidated, or the said con, this
4 corporation may, on petition OF and
rty in interest, be substituted or ther'
IN as party. Sc,
The corporation formed by, such its 7
alton shall be bound by all the
and duties to the pub
TO any person or municipality, to
lch of said corporations so consoh- Nv
PARTIES to said agreement, were by way
,pective acts of incorporation and Elme
ents thereto, subject and liable. in b
lsolidated corporation shall like Park
subject to any option or right TO OF tn
outstanding from or against. the bad
IS Of either of the said consolidat- more
,rations, parties to said agreement. verel,
corporation shall further not
ct to whatever rights the village more,
eboro may have, if any, to pur,, anytl
take over either or both the said Johns
ting corporations, parties to said the o
t. tlebol
This act shall take effect from both
,e. Park
Brattl