SECT. 2. Section two of chapter one hundred and twenty CHAP. 69 of the special laws of eighteen hundred and seventy-two is Bec. 2, amended. hereby amended by striking out of the second line of said section, the following words "two thousand" and substituting in lieu thereof the words 'five hundred.' sell or lease SECT. 3. Section seven of said chapter one hundred and sec. 7, amended. twenty is hereby amended by striking out all of said section after the word "proper" in the third line, and by substituting therefor the following words and to sell and convey its cor--authorized to porate rights, franchises and other property or lease its road, property." franchises and other property after the filing of the location thereof and before or after it shall have been completed to any other railroad company, on such terms as its members shall determine; and the Castine Railway and Navigation Company is hereby authorized and empowered to purchase and to take the conveyance of the said corporate rights and property, or take a lease of said Penobscot Central Railroad on such terms as the said two corporations may agree upon.' SECT. 4. Section eight of chapter one hundred and twenty Sec. 8 amended. of the special laws of eighteen hundred and seventy-two is hereby amended by adding thereto the following words, 'and said Castine Railway and Navigation Company, after it shall take a conveyance of the corporate rights, franchises and other property, or a lease of said Penobscot Central Railroad, is hereby authorized and empowered in its own name to construct, maintain and operate the same from a connection with its own railway in the city of Bangor, and to issue its own bonds and secure the same by a mortgage of its own railroad and of the Penobscot Central Railroad, their franchises and property, or in any other manner.' Castine Railway and Navigation operate road. Company authorized to Sec. 9 amended. SECT. 5. Section nine of said chapter one hundred and twenty, is hereby amended by striking out all of said section after the word "Penobscot" in the third line, and by substituting therefor the words and Piscataquis counties, and the road completed on or before the thirty-first day of December, is not completed eighteen hundred and ninety-four, this act shall be void.' SECT. 6. Chapter one hundred and twenty of the special laws of eighteen hundred and seventy-two, is hereby amended by substituting the following words for section ten. All acts and parts of acts inconsistent with this act, are hereby repealed.' Act void if road Inconsistent acts, repealed. CHAP. Sec. 11 69 substituted for sec. 10. -corporators. -corporate name. locate, construct and keep in repair a railroad. -route. SECT. 7. Chapter one hundred and twenty of the special laws of eighteen hundred and seventy-two, is hereby amended by substituting for the number of section ten, that of section eleven, so that said charter, as amended, shall read as follows: 'SECT. 1. John Morrison, Charles P. Brown, J. C. White, John B. Nichols, T. P. Batchelder, E. Flint, John H. Ramsdell, D. F. Davis, L. A. Bowler, Thomas R. Kingsbury, Lyndon Oak, George Clark, T. J. Peaks, William Dunning, George F. Hill, Ira W. Davis, T. McDonald, John H. Garvin, Jacob Eastman, Frank C. Barker, John Brown, Elisha Pierce, Simon G. Jerrard, their assigns, associates and successors, are hereby made and constituted a body politic and corporate, by the name of the Penobscot Central Railroad Company, and by that name may sue and be sued, plead and be impleaded, and shall enjoy all proper remedies at law and in equity, to secure and protect them in the exercise of their rights and privileges, and in the performance of their duties, -authorized to and said corporation is hereby authorized and empowered to locate and construct, and finally alter and keep in repair a railroad with one set or more of rails or tracks, with all suitable bridges, tunnels, viaducts, turnouts, culverts, drains, and all other necessary appendages, from the Maine Central depot in Bangor and from one or more points at or near tide water in said Bangor, thence running northerly, northeasterly and northwesterly, through the towns of Bangor, Hermon, and Glenburn, or either of said towns of Hermon or Glen-burn, Kenduskeag, Corinth, Charleston, Bradford, Atkinson, Orneville and Milo, to Milo Junction, so as to connect with the Katahdin Iron Works Railroad at said junction, with the right to cross and connect with the Maine Central Railroad in Bangor, and the Bangor and Piscataquis Railroad at MiloJunction; and said corporation shall be and hereby is invested with all the powers, privileges and immunities which are or may be necessary to carry into effect the purposes of this act, and shall have the right to purchase or to take and hold, so much of the land and real estate of private persons and: corporations, as may be necessary for the location, construction and convenient operation of said railroad, and they shall also have the right to take, remove and use for the construc-tion and repair of said railroad and appurtenances, any earth, gravel, stone, timber, or other material on or from the land. so taken. -powers and privileges. -president. 69 'SECT. 2. The capital stock of said company shall consist CHAP. of not less than five hundred and not more than ten thousand Capital stock. shares of one hundred dollars each, and the immediate direction of the affairs of said corporation shall be vested in a board of directors to be chosen as hereinafter provided, who directors. shall hold their office until others are chosen and qualified in their places, a majority of whom shall constitute a quorum, and they shall elect one of their number to be president of the board, and he shall also be president of the corporation, and they shall have authority to choose a clerk and treasurer. The persons named in section one are hereby authorized, at a meeting holden for that purpose called by any five of the how called. corporators, by publishing a notice of the same, at least seven days before the meeting, in the Bangor Daily Whig and Courier, to accept this act and organize said corporation. SECT. 3. Said corporation shall have the power to make, By-laws. ordain and establish all necessary by-laws. 'SECT. 4. The president and directors for the time being, are authorized and empowered, by themselves or their agents, to exercise all the powers herein granted for the purpose of locating, constructing and completing said railroad, and for the transportation of persons, goods and property of all kinds and description, and all such powers and authority, as may be necessary and proper to carry into effect the objects of said corporation. -first meeting, Powers and president and duties of 'SECT. 5. A toll is hereby granted for the benefit of said Tolls granted. corporation, upon all passengers and property which may be conveyed and transported, on or over its railroad, at such rate as may be established by its directors, subject to such laws in relation to railroad companies, as are or may be from time to time established by the legislature. meeting. 'SECT. 6. The annual meeting of the stockholders of said Annual corporation, shall be holden on such day as, the by-laws may determine, at which meeting the directors shall be chosen by ballot. 'SECT. 7. The corporation is hereby authorized to make Authorized connections with any other railroad, on such terms as its connections members may deem proper, and to sell and convey its corporate rights, franchises and other property, or lease its road, franchises or other property, after the filing of the location thereof, and before or after it shall have been to make with other roads. CHAP. 70 May issue bonds and mortgage property. When act becomes void. Inconsistent acts, repealed. completed, to any other railroad company, on such terms as its members shall determine; and the Castine Railway and Navigation Company, is hereby authorized and empowered to purchase and to take the conveyance of the said corporate rights and property, or take a lease of said Penobscot Central Railroad, on such terms as the said two corporations may agree upon. 'SECT. 8. Said corporation is authorized to issue its bonds and to secure the same by a mortgage of its road, franchises and property, or in any other manner, and said Castine Railway and Navigation Company, after it shall take a conveyance of the corporate rights, franchises and other property, or a lease of said Penobscot Central Railroad, is hereby authorized and empowered, in its own name, to construct, maintain and operate the same from a connection with its own railway in the city of Bangor,and to issue its own bonds and secure the same by a mortgage of its own railroad and of the Penobscot Central Railroad, their franchises and property, or in any other manner. 'SECT. 9. If said corporation shall not have been organized and the location, according to actual survey of the route, filed with the county commissioners of Penobscot and Piscataquis counties, and the road completed on or before the thirty-first day of December, eighteen hundred and ninetyfour, this act shall be void. 'SECT. 10. All acts and parts of acts inconsistent with this act, are hereby repealed. SECT. 11. This act shall take effect when approved.' Approved February 16, 1891. Oorporators. Chapter 70. An Act to incorporate the Kennebec and Franklin Railway. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: SECT. 1. A. M. Spear, E. C. Allen, Weston Lewis, P. O. Vickery, William W. Bradstreet, M. V. B. Chase, P. H. Holmes, J. Manchester Haynes, J. S. Maxcy, J. W. Lash, George E. Macomber, F. E. Timberlake, Joseph C. Holman, CHAP. 70 -corporate name. Elliott Wood, H. F. Shaw, H. M. Heath; said A. M. Spear, Weston Lewis, William W. Bradstreet, P. H. Holmes, J S. Maxcy and J. W. Lash being residents of said Gardiner, and said E. C. Allen, P. O. Vickery, M. V. B. Chase, J. Manchester Haynes, George E. Macomber and H. M. Heath being residents of said Augusta, their associates, successors and assigns, are hereby made and constituted a body politic and corporate by the name of the Kennebec and Franklin Railway; and the said corporation is hereby authorized to locate, construct, equip and operate a railroad from some point in authorized to Farmington through the towns of Chesterville, New Sharon, Vienna, Mount Vernon, Wayne, Fayette, Readfield, Winthrop, Monmouth, Manchester, West Gardiner, Litchfield, Farmingdale, and the city of Hallowell, or such of them as said corporation may deem advisable, to and into the cities of Augusta and Gardiner, and said corporation shall have all the powers, privileges and immunities, and be subject to all the duties and liabilities provided by the statutes of this state respecting railroads. build a railroad -route. SECT. 2. The capital stock of said corporation shall con- Capital stock. -directors, how sist of not more than six thousand shares of one hundred SECT. 3. A toll is hereby granted, for the benefit of said Tolls, granted.. corporation, upon all passengers and property which may be conveyed or transported on or over its railroad, at such rate. as may be established by its directors, subject to such general laws in relation to railroad companies as are, or may, from time to time be established by the legislature. |