Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-02-02

on said Kennebec river and for fac
ilitating the driving of logs and lum-
! Der on Dead river And, in order TO
facilitate the driving Of logs and
| lumber down said Dead river with
| out unnecessary waste of water. said
corporation is authorized to build and
maintain dams, side dams. sheer
booms, remove rocks, make embank-
/ ments and other Improvements on
said Dead river from the location OF
| it's reservoir dams to its union with
the kennebec river"
The corporation is given the usual
rights to hold in storage water and
| to lease and control the release of
| said water and to make such rules
| and regulations at is deems most adj
VantageouS to the business of the
river 1t is authorized when $780,
| 600 of its capital stock has been sub
| scribed, to acquire by purchase or
| otherwise, cor to take and hold as
| for public uses dams. booms, piers.
RATS and other property necessary to
! it's business belonging to the Ken
ncbec Log Driving Company or any
| other corporation authorized to drive
! logs on that section of Dead river
| between the mouth of all tie streams
| and the mouth of Dead river. This
| taking must be under the provision
| of chapter 81, sections Il to II of the
| revised statutes. In the taking of
| this property the kennebcc RcSor-
vor Company is required to do the
| driving of logs and lumber in those
| waters thereafter though it shall not
| be required to make more than two
| drives in one year.
| The corporation is also given the
right to acquire land, property rights
| including any State, public. or re-
served lots it ma yrequire. when its
capital stock subscriptions shall total
! 100000. under the same legal restric-
| tions as for the taking of log driving
! property. When the subscription has
| reached the amount stated for these
| other purposes the company is auth
| orzed 20 flow such lands as it is nee
| essary to do to carry out the purposes
/ of this act, and any damages arising
! therefrom which cannot be settled by
! mutual agreement shall be determined
! as is provided by law.
! The bill provides the machinery for
the conveying of State lands and
( other property to the company. II
| also provides that the company shall
| properly transfer any cemeteries in
| the territory which may be flooded
| to new locations which shall be Sc
lectcd by the selectmcn or ASSESSOR
of such towns or plantations in which
| they may be located.
Section Il of the act says: Tho
! State of Maine reserves the right to
acquire by proper legislation and b!
/ such agencies as 1t may provide 70,
! the purpose, the whole or any part oi
! the franchises and rights hereby
/ granted and the whole or any part OF
+ the structures erected by authority oi
! this act. upon the payment of just
compensation; but such conlpcnsatior
! shall not include the value of the
! franchises granted by this act. anc
! shall not exceed the cost of the prop
crty and franchises so taken. and just
compensation for damages by sever
ancc if less than the whole is SC
! taken; provided. that said right shall
/ not be exercised within fifty Coz
years from the date of the approva
| of this act without the consent OF
said corporation. its successors or as
| signs"