Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1918-07-13
Maine Central Railroad Company
r, MEETING OF DIRECTORS -
n. July 10, 1918 ~

On motion of Mr.. Symonds it was unanimously
NorEp That the Clerk shall circular in the 1olo"
ing form to printed and distributed generally TO me STOCK
holders bondhoders creditors officers agents. employees OF
the Maine Central Railroad Company and to all persons inter-
ested to inform them of the meaning scope and erect OF me
Government control and of the OF the railroad and It's
affairs Hereunder
CIRCULAR
The President through the Secretary OF War under inc
Act Of Congress- Of August 60 1916 having by proclamation
taken possession of the railroads of the country as OF u
tyentv-eight day of December and having appointed
the Secretary Of the Treasury to be the director o.
railroads. and the director general OF railroads having dP
pointed on lnc TO- 1918 Mr. D. c. Douglass to be the gen
era manager Of the Maine Central Railroad under federal
authority the railroad has passed actively under federa con-
troll This also includes the Portland Terminal Company
But docs not include the Bydgton Soco Rr1er Rarood
SANDY Ritter and Rangeley Lakes Railroad Kicker Hotel
Comtouy othcy nocduiey property securities III the
treasures of the railroads.
The details agreement between the railroad company
and the government contemplated by the Act OF Congress-
10 regulate the relations between the during the period
of federal control yet to be completed But the legS
aton under which this federal procedure has taken place.
the proclamation Of the President and the
Of the director general all intend that the railroad company
shall receive Just compensation for the Of its property
during that period All the duties and obligations OF the
Company will he met railroad and equipment kept up.
and improved may be agreed every right OF stockhoder
bondhodr creditor guarded and all interests preserved
railroad lines leased to the Name Central Will have ample
roccton The rights Of the lessons will continue unchanged
All en,poyc of Railroad will be at the direction of the
General manage under his appointment and are ex-
pecd 10 cooperate with him in the heart1est possible way,
giving HIM always cordial welcome and constant and vgant
support Tho law and every consideration Of patriotism alike
demand thcjr bc-t in this behalf.
1bc CORPORATE 7yGar-ations Of tic Maine Central Railroad
Copt1ry ard oil Satisfactory lines atN continue intact and the
Precedent H office 5iTth full charge Of all eorfo-
yar matters, Int 7s9tot operating functions the proper
tr trtrr o, cr br fcdcyai CONTROL
The period Of federal control is temporary, limited in time
h, the duration III the The permanent and final inter
III INC railroads. and the right and duty that they
-c dcrmcnt during such intervention and to
immediate control when it remain with the Company
The federal control additional of safety to all
interests involved while SO long it lasts the
hcd Of acton the Company narrowed. When closes,
The Company VIII Immediately possession of its
,hc Government intending nothing but the of the railroad
for limited time which afford the security
and assurance all present and resduary interests
certify that the foregoing transcript
from records OF the Directors of the Maine Central Rail-
road Company their regular monthly meeting held Port
land Maine July the tenth, 1918.
Attest:
ARTHUR P FOSS, Clerk.