Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1918-07-12
Naine Central Railroad COMPANY
MEETING OF DIRECTORS
July 10, 1918

- latin, Of Mr.. Symonds it UNANIMOUSLY
, Tha, the Clerk shall circular in the follow
;, 70 be printed and distributed generally the stock
% bondholders, creditors officers, agents. employees of
Mime Central Railroad Company and to all persons inter-
I'D 70 inform them of the meaning, scope and effect OF the
en CONTROL and of the status of the railroad and its
asar hereunoer'
TIE President through the Secretary Of War, under the
.; Congress OF August 20, 1916, having by proclamation
[ possession of the railroads OF the country of the
,ghh day of December, 1917, and having appointed
s. Secretary OF the Treasury be the director general Of
,d and the director general Of railroads having aT
d on Iune 10, 1915 Mr., D. G. Douglass to lie the gen
r. ,nager OF the Maine Central Railroad under federal
rty the railroad has passed actively under federal
-. This also includes the Portland Terminal Company
p l not iutiude the Bydgton e. Saco Rner Railroad
1d, R,ey and Rangeey Lakes Railroad, Kicker Hotel
rn5a either noutaryier property, or securities in the
yscw;ts Of the railroads.
The details OF the agreement between the railroad company
and ne government contemplated by the Act Of Congress-
n erYa.e the relations between the two during the period
Il federal control yet to be completed But the 1egis-
,n under which this federal procedure has taken place
tho PROCLAMATION OF the President and the announcements
Il Me director general all intend that the railroad company
laN receive lust compensation for the of property
during that period All the duties and obligations Of the
COMPANY will be met lis railroad and equipment kept up
and improved as may be agreed, every right of sockhoIder
ndboder or creditor guarded and all interests preserved
The railroad lines leased the Maine Central will have ample
rrotecuon The rights of the lessons will continue unchanged
Au eofoyes OF the Railroad will be the direction of the
general manager under his appointment, and
1eced to cooperate with him in the heartest possible way
pn him always cordial welcome and constant and vigan
support The law and every consideration OF patriotism alike
demand their best service in this behalf.
The corporate organizations Of the Maine Central Railroad
Contrary and all subsidiary lines rN coutinne ard tie
President yii in Office 7ch full charge Of all coyto-
matters but p1tiont operating functions the Proper
taken o5tr BY federal control. a
The PERIOD Of federal control is temporary limited in time
Nv the duration Of the The permanent and final inter
q the railroads and the right and duty that they
dcnmcnt during such intervention and to resume
immediate control when it is over remain with the COMPANY
The federal control is additional of safety to all
interests involved while continues. So long it lasts the
ned Of ACTON tor the Company narrowed When closes
ne Company VIII resume immediately possession Of its own
the Government intending nothing but the use Of the railroad
Tor limited time terms which afford the utmost security
and assurance to all present and residuary interests
hereby certify that the foregoing correct transcript
from the records IF the Directors Of the Maine Central Rail
road Company at their regular monthly meeting held at Port
land Name, on July the tenth, 1918.
Attest
ARTHUR P. FOSS Clerk