The Barre daily times. (Barre, Vt.) 1897-1959, 1917-12-27

| and to such extent as he shall determine,
| through the boards of directors, receivers,
| officers and employees of said systems of
transportation. Until and except SO far rs
| said director shall from time to time by
| general or special orders otherwise pro-
| vide. the board of directors, receivers, Off
| GERS, and employees Of the various trans
| portation systems shall continue the opera
| ton thereof in the usual and ordinary
course of the business Of common carriers,
| in the names of their respective companies.
| Until and except so far as said director
hall frcm time to time otherwise by gem
| ernl special orders determine. such sys-
| TENS Of transportation shall remain sub
| ject TO all existing statutes and orders of
| the interstate commerce commission, and
| TO all statutes and orders of regulating
! commissions Of the various states in which
said systems or any part thereof may be
situated But any orders. general or spe-
cial, hereafter made by said director shall
have paramount authority and be obcyed
as such.
Nothing herein hsall be construed as
now affecting the possession, operation and
control of street electric passenger rail-
ways, including railways commonly called
integurbans, whether such railways be or
be not owned or controlled BY such railroad
companies or systems By subsequent order
and proclamation. II and when it shall be
found necessary or desirable, possession,
control or operation may be taken of all or
any part of such street railway system in
Guiding subways and tunnels and by sub
scquent order and proclamation possession.
control and operation in whole or in part
may also be relinquished to the owners
thereof of any part of the railroad sys-
tens or rail and water systems. possession
and control Of which are hereby assumed.
The director shall ms soon may be
after having assumed such possession and
control Inter upon negotiations with the
several Companies looking to agreements
for Just and reasonable compensation for
the possession, use and control of the re-
srective properties en- the basis of an
nual guaranteed compensation, above
cruing depreciation and the maintenance of
their properties, equivalent az nearly as
may be, 10 the averae Of gthe net operating
income thereof for the thres-year period
ending une 80. l9l7,--and results of such
negotiations to be reported to me for such
action as may be appropriate and lawful.
But nothing herein contained expressed
or implied, hereafter done or suffered
hereunder shall be deemed in any way TO
impair the rights of the stockholders, bond
holders, creditors, and other persons hav-
ing interests in said systems of transporta-
ton or in the profits thereof, to receive
Just and adequate compensation for the use
and control and operation of their prop
erty hereby assumed.
Regular dividends hitherto declared and
maturing interest upon bonds, debenturess
course and such regular dividends and in
terest may continue to be paid until and |
unless the said director shall from time to /
time otherwise by general or special orders
determine and. subject TO the approval Of
the director, the various carriers may agree
upon and arrange for the renewal and ex-
tension of maturing obligations
Except with the prior written assent of
said dlrecor. attachment by mesne proc
ess or on execution shall be levied on or
against any of the property used by any Of
SAID transportation systems in the conduct
OF their business as common carriers but
suits may be brought by and against said
carriers and judgments rendered a. hither-
10 until and except so far as said director
may by general or special orders, other
wise determine
From and after " o'clock on said 2Sth
Day of December 1917. all TRANSPORTATION
'ystemS included in this order and procla-
nation shall conclusively be deemed within
nc rosGessioa and control of said director
without further act or notice. But for the
purpose Of accounting said possession and
'ontrol shall Gate from ~ o'clock midnight
IN December 81. 1917.
In witness whereof, | have hereunto set
ny hand and caused the seal of the United
States to be affixed
Done by the president, through Newton
}. Baker. secretary of war, in the District
# Columbia. this 26th day of December, in
he year of cur Lord. one thousand nine
hundred and seventeen, and OF the indepen-
ence of the United States the one hundred
nd forty-second.
WOODROW WILSON.
NEWTON d, BAKER,
Secretary Of War,
By the President:
ROBERT LANSING.
Secretary of State"