History of the Railroads and Canals of the United States ..., Volume 1

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J.H. Schultz & Company, 1860 - Canals - 612 pages

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Page 330 - To take and hold such voluntary grants of real estate and other property as shall be made to it, to aid in the construction, maintenance and accommodation of its rai>oad ; but the real estate received by voluntary grant shall be held and used for the purposes of such grant only.
Page 330 - And every company whose railroad is or shall be hereafter intersected by any new railroad, shall unite with the owners of such new railroad in forming such intersections and connections, and grant the facilities aforesaid ; and if the two corporations cannot agree upon the amount of compensation to be made therefor, or the points and manner of such crossings and connections...
Page 326 - Each stockholder of any company formed under this act shall be individually liable to the creditors of such company, to an amount equal to the amount unpaid on the stock held by him, for all the debts and liabilities of such company, until the whole amount of the capital stock so held by him shall have been paid to the company...
Page 324 - Any number of persons, not less than twenty-five, may form a company for the purpose of constructing, maintaining and operating a railroad for public use in the conveyance of persons and property...
Page 332 - The legislature may, when any such railroad shall be opened for use, from time to time, alter or reduce the rate of freight, fare, or other profits upon such road; but the same shall not, without the consent of the corporation, be so reduced as to produce with said profits less than ten per centum per annum on the capital actually expended...
Page 336 - ... at the farm crossings of such railroad for the use of the proprietors of the lands adjoining such railroads...
Page 336 - ... each locomotive engine, and be sounded at least eighty rods from the place where the railroad shall cross any such road or street...
Page 325 - ... that the amount of stock required by this section has been...
Page 324 - ... thousand dollars for every mile of road constructed or proposed to be constructed, and the number of shares of which said capital stock shall consist, and the names and places of residence of...
Page 324 - On compliance with the provisions of the next section, such articles of association may be filed in the office of the secretary of state, who shall endorse thereon the day they are filed, and record the same in a book to be provided by him for that purpose; and thereupon the persons who have so subscribed such articles of association...

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