The Barre daily times. (Barre, Vt.) 1897-1959, 1912-07-02
PUBLIC SERVICE COMMISSION NEWS
Peacham Village Incorporated-Passump-
sic Tel. Col. Increases Capital

The following orders have recently
been issued and promulgated by the pub
lie service commission:
In the matter of the petition for the
establishment of a municipal corporation
within the town OF Peacham, the com.
mission has issued its report and order
granting a charter for the proposed mu-
nicipality, to be known as "the village
of Peacham" The order prescribes the
territorial limits of the proposed viii
lage, defines its governmental powers
and functions, and limits its eXpendi-
lures and indebtedness
The commission has granted the Pas
sumpsic Telephone company. with its
principal office at Newport, authority t.
increase its capital stock in the sum of
Sal ESQ. to be sold only at par, and
the proceeds to be used in full payment
Of the purchase price OF the plant and
property of the Citizens Telephone &
Telegraph exchange, a Vermont tele-
phone corporation with its principal
office at st. Johnsbury, The Passumpsic
Telephone company Is controlled by the
New England Telephone and Telegraph
company. and the Citizens Telephone and
Telegraph company is an independent
company
A certificate has been granted to the
Burlington Traction company, YER
mont corporation, operating an electric
railway in the city of Burlington, to
execute its bonds in the sum of not ex-
ceeding 100000 bearing interest at the
rate of six per cent. per annum, to be
secured by a mortgage on all the prop
erty Of the Burlington Traction company
and also on all the property owned by
the Nergennes Power company, located at
yergennes. Vermont. The certificate
provides that the bonds shall be disposed
of subject to the conditions following:
100000 to be sold for cash and the pro-
ceeds to be used in full payment of the
purchase price of the real estate, water
power, and entire plant of the Vergennes
Power company. located in the city OF
Vergennes; $l50,000 to be sold and the
proceeds used to pay $l50.D00 of bonds
OF the Burlington Traction company ma
turing January l. 1914; and the remain.
ing Sl50,000 of the authorized issue to
be held in the treasury of the Burling-
ton Traction company and not to be
issued until further order of the com
mission. The certificate further provides
that the Burlington Traction company
on the first day of August, 1912, the first
day of January, 1918, and every six
months therea fter, file with the commits
sion its written. sworn return showing
the amount of bonds issued. proceeds OF
the sale thereof, and the application of
said proceeds.
An order has been issued for the elm
ination of the grade crossing on the
Rutland railroad, in the town of Shell
burne, near the head of Shelburne bay,
known as "Thompsons crossing" This
is to be eliminated by the construction
Of an underpass, and the expense is to
be apportioned to the town of Shelburne,
state of Vermont, and the Rutland rail
road company, in the proportions of l0l
per cent, % per cent, and 65 per cent,
On petitions of the Canadian Pacific
Railway company and the Boston \
Maine Vermont Valley, st. Johnsbury
& Lake Champlain, Montpelier & Wells
River. and Barre railroads, orders of APP
prevail of warning boards for highway
have been issued, according to
plans and specifications filed by each of
said companies.
The following cases, pending before the
commission. stand for hearing as fol- |
lows:
June l6. at the Junction house, White !
River Junction, Q a. m; adjourned hear !
ines in re Bacon ct al. VS.. railroads; |
residents of Hartford ct al. VS.. railroads. /