The Raymer enterprise. (New Raymer, Weld County, Colo.) 1910-19??, 1918-01-03

roads . Ia director NAV perform the
duties imposed upon him SO long and
TO such extent as he shall determine
through the board Of directors. receiv.
ers. officers and employees OF saic sys-
TENS oil transportation. Untii ana eA'
eept 80 lar as saio director snan.
from time 70 Time by general OF spe
eial ORDERS otherwise PROVIDE. tne
boards OF directors receivers. oiiieels
ana empioyes Oh tne various trahspo1'
tation systems snail continue the op
eratioh thereoI I'D the usuai anu Drum
airy course OF business OF common car
riers, IN the names OF their respective
companies. .
unui ana except 30 lar as saio Oh
rectors snail from time 10 time otnef-
wise by general or special orders oe
termine. such systems oil transporta
ton shall remain subject 10 all exist
Ing statutes and orders OF the inter
state Commerce commission. and 10
all statutes and orders OF regulating
commissions OF the various states 10
which said systems or any part there-
OF may be situated. But any orders
general or special. hereafter made by
said director, shall nave paramount au-
thority and be obeyed as such.
Does Not Affect Tramways.
No,hin1 herein shall he construed
az now affecting The possession on.
cration and control of street electric
messenger railways including rail.
ways commonly called interurbans.
whether such RAILWAYS he ar no not
owned or centralized nv sucb railroad
companies or systems nv subseouent
order and Proclamation II and when
II shall be found necessary or desir.
able possession. control or oneratIon
may be taken of all or any part OF
such street railway systems incIndine
subways and tunnels. and by subse-
quent order and proclamation, posses
sion. control ana operation In whole
or IN part may also be relinquished
70 the owners thereof OF any part OF
the raiiroad systems or rail and water
systems, possession ana control OF
"hlch are hereby assumed.
Inc director snail as soon as may
De AFTER having assumed such posses.
sion ana control enter upon negotia'
.ions with the several companies
looking TO agreements for just and
reasonable compensation Tor the pos
session, use ana eontrol OF their re-
spee'ite properties on the basis oil
an annual guaranteed compensation.
apo'e aeeruihs depreciation ana the
maintenance OF their properties,
equi'aiehs, as nearly as may De, 10
."e a.elaee Vi 'ne net operating IN.
oo'me .heieoi iof .he hree-year period
ehulhs 'uiie 3o, isif.tne results Oh
suen neso',a,ions 10 De reported 10
lns III sur, ae.ioh a. may De appro-
pirate anu lawful.
Not to Impair Rights.
But nothing herein contained, ex-
pressed or implied. or hereafter Gone
or suffered hereunder, shall be
deemed in any way to impair the
rights OF the stockholders, bondhold-
ers. creditors and other persons hav.
Ing interests in said systems OF trans.
portation or In the profits thereof, to
receive just and adequate compensa.
tons for the use and control and op-
Grafton OF their property hereby as.
sumed.
Regular dividends hitherto declared,
ana maturing interest upon bonds, de-
pentures and other obligations, may
be paid In due course; and such regu-
lar dividends and interest may con-
tinuc 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 APPROX
al Oh the director. the various carriers
may agree upon and arrange for the
renewal and extension of maturing Cd.
legations.
Except with the prior written as
sent OF said director, no attachment
by mesne process or on execution
shall be levied on or against any Of
the property used by any OF the 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 as hitherto until and except
so iar as said director may, by gen
termine
From and after ~ O'Clock on said