&c.; receive and urer in the sum of five thousand dollars, with surety or sureties to the acceptance of the said treasurer, with condition for the faithful performance of the duties of his office. SECTION 3. The clerk shall keep a record of the proceed- Shall keep record, ings in all cases and concerning all matters and things cog- pay over all fines, nizable in the said court, other than in civil suits between &c. private parties; receive, pay over, and duly account for, all fines, penalties, and costs, agreeably to law; and do and perform all the duties heretofore required to be performed by the justice of the said court in his capacity of clerk. may receive &c. SECTION 4. The standing justice of the said court shall Standing justice receive a sum not exceeding twelve hundred dollars annu- $1,200, clerk, ally, and the standing clerk shall receive a sum not exceed $500, out of fees, ing five hundred dollars annually, out of the fees taxable in the said court in criminal prosecutions, in full for their respective services: provided, that whenever the compensa- Proviso. tion to which the special justices of said court are entitled, Partial repeal, by existing provisions of law, shall exceed the sum of two 1856, 172. hundred and fifty dollars in any one year, the said standing justice shall pay said excess pro rata out of his compensation; and the standing clerk, from his salary, shall pay to any clerk pro tempore a pro rata compensation for all services performed by him. May 24, 1851. [1851, 287; 1852, 298; 1854, 346; 1856, 172; 1857, 13.] AN ACT to incorporate the Essex Bank, in Haverhill. Be it enacted, &c., as follows: Chap. 269 SECTION 1. Charles B. Hall, John Dow, William Hale, Corporators. their associates and successors, are hereby made a corporation, by the name of the President, Directors, and Company, Name. of the Essex Bank, to be established in Haverhill, and shall so continue until the first day of October, in the year one thousand eight hundred and seventy-two, and shall be entitled to all the powers and privileges, and be subject to all Powers and the duties, liabilities, and restrictions, set forth in the public duties. statutes of this Commonwealth relative to banks and banking. SECTION 2. The capital stock of said bank shall consist Capital stock. of one hundred thousand dollars, to be divided into shares of one hundred dollars each, to be paid in such instalments. and at such times as the stockholders may direct: provided, Proviso. that the whole be paid in before the first day of May, in the year one thousand eight hundred and fifty-two. SECTION 3. The stock of said bank shall be transferable Stock transferaonly at its banking-house, and on its books. ble only at bank. SECTION 4. The said corporation shall be subject to all Liable to tax, &c. the liabilities, requirements, and restrictions, contained in such acts as may hereafter be passed by the general court in relation to banks and banking. May 24, 1851. Chap. 270 Corporators. Term. Powers and duties. Capital stock. Proviso. Stock transferable only at bank. Subject to future legislation. Chap. 271 $50,000 addi stock. AN ACT to incorporate the Blackstone Bank, in Boston. SECTION 1. A. L. Chamberlain, Joel N. Holden, William Dillaway, Jr., their associates and successors, are hereby made a corporation, by the name of the President, Directors, and Company, of the Blackstone Bank, to be established in Hanover Street, in Boston, and shall so continue until the first day of October, in the year one thousand eight hundred and seventy-two, and shall be entitled to all the powers and privileges, and be subject to all the duties, liabilities, and restrictions, set forth in the public statutes of this Commonwealth relative to banks and banking. SECTION 2. The capital stock of said bank shall consist of two hundred and fifty thousand dollars, to be divided into shares of one hundred dollars each, to be paid in such instalments and at such times as the stockholders may direct: provided, that the whole be paid in before the first day of May, in the year one thousand eight hundred and fifty-two. SECTION 3. The stock of said bank shall be transferable only at its banking-house and on its books. SECTION 4. The said corporation shall be subject to all the liabilities, requirements, and restrictions, contained in such acts as may hereafter be passed by the general court, in relation to banks and banking. [1853, 233; 1854, 153.] [1850, 161.] May 24, 1851. AN ACT to increase the Capital Stock of the Tradesman's Bank. Be it enacted, &c., as follows : SECTION 1. The president, directors, and company, of the tional capital Tradesman's Bank, in Chelsea, are hereby authorized to increase their present capital stock by an addition thereto of fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole shall be paid in before the first Monday of April next. Proviso. Liable to taxation, &c. Certificate to secretary of the Commonwealth. SECTION 2. The additional stock aforesaid, when paid into the said bank, shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock is now subject. SECTION 3. Before the said corporation shall proceed to do business on the said additional capital, a certificate, signed by the president and directors, and attested by the cashier, under oath, that the same has been actually paid into said bank, shall be returned into the office of the secretary of the Commonwealth.. SECTION 4. This act shall take effect from and after its passage. May 24, 1851. [1847, 252; 1848, 275; 1849, 184, 193, 194; 1850, 175, 256, 268.] AN ACT concerning the Norfolk County Railroad Company. Be it enacted, &c., as follows: Chap. 272 contract with for a branch, &c. The Norfolk County Railroad Company are hereby author- Authorized to ized to contract with the Woonsocket Union Railroad Com- Woonsocket pany for the building of the branch railroad, heretofore Union R. R. Co. authorized, connecting Woonsocket Village with the said Norfolk County Railroad in Bellingham, and for the use of the same in connection with the roads of the said companies, upon such terms as the parties shall agree, or the legislature shall prescribe. May 24, 1851. [1852, 130, 158; 1853, 25; 1854, 447.] [1836, 109; 1849, 217.] AN ACT to renew the Charter of the Neponset Bank. Be it enacted, &c., as follows: Chap. 275 tinued. SECTION 1. The president, directors, and company, of the Charter conNeponset Bank, a corporation heretofore incorporated and established at Canton, are hereby continued a corporation for the purposes of banking, until the first day of January which shall be in the year one thousand eight hundred and seventy, notwithstanding any limitation in the charter thereof to the contrary, and the said corporation shall be entitled to Powers and all the powers and privileges, and shall be subject to all the duties, liabilities, requirements, and restrictions, contained in such acts as are now in force, and to such other acts as may hereafter be passed, by the general court, in relation to banks and banking. duties. stockholders, SECTION 2. If there be, on the part of the stockholders, Remonstrance of or any of them, any remonstrance against the continuance when to be made. of the said corporation, the said remonstrance shall be made in writing, to the cashier of said bank, on or before the first day of September, in the year one thousand eight hundred and fifty-one; and if the stockholders so objecting legally represent one-fourth part of the capital stock thereof, the said corporation shall not be entitled to the benefit of this May 24, 1851. act. [1854, 147.] [1832, 85; 1836, 115; 1839, 109; 1844, 50; 1850, 135, 210.] AN ACT to increase the Capital Stock of the Adams Bank. Be it enacted, &c., as follows: Chap. 276 SECTION 1. The president, directors, and company, of the $50,000 additionAdams Bank, in Adams, are hereby authorized to increase al capital stock. their present capital stock by an addition thereto of fifty thousand dollars, to be divided into shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the Proviso. Liable to tax, &c. Certificate to secretary of the whole be paid in before the first day of May, in the year one thousand eight hundred and fifty-two. SECTION 2. The additional stock aforesaid shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock of said corporation is now subject. SECTION 3. Before said corporation shall proceed to do Commonwealth. business on said additional capital, a certificate, signed by the president and directors, and attested by the cashier, under oath, that the same has been actually paid into said bank, shall be returned into the office of the secretary of the Commonwealth. SECTION 4. This act shall take effect from and after its passage. May 24, 1851. [1856, 269.] Chap. 277 AN ACT to incorporate the Amherst and Belchertown Railroad Company. Be it enacted, &c., as follows: Corporators. Powers and duties. Location. Capital stock. SECTION 1. Edward Hitchcock, Ithamar Conkey, Edward Dickinson, Myron Lawrence, Luke Sweetser, their associates and successors, are hereby made a corporation, by the name of the Amherst and Belchertown Railroad Company, with all the powers and privileges, and subject to all the duties, liabilities, and restrictions, set forth in the forty-fourth chapter of the Revised Statutes, and in all that part of the thirtyninth chapter of the said statutes relating to railroad corporations, and in all other general laws relative to railroad corporations in this Commonwealth. SECTION 2. The said company may locate, construct, and maintain, a railroad, with one or more tracks, from the depot of the New London, Willimantic and Palmer Railroad, in the town of Palmer, crossing the Western Railroad at or near the depot of the said Western Railroad, in Palmer, by the most convenient route, northerly, through the town of Palmer, in the county of Hampden, and the towns of Belchertown and Amherst, in the county of Hampshire, and of Leverett, Sunderland, and Montague, in the county of Franklin, to the Vermont and Massachusetts Railroad, at a point the most convenient to intersect the same in the said town of Montague. SECTION 3. The capital stock of the said company shall consist of not more than six thousand shares, the number of which shall, from time to time, be determined by the directors of the said company, and no assessment shall be laid thereon of a greater amount in the whole than one hundred dollars Real and person on each share, and the said company may invest and hold such part thereof in real and personal estate as may be necessary and convenient for the purposes of their incorporation. al estate. mont and Mass. SECTION 4. The said railroad company may enter upon May enter Verand unite their railroad, by proper turnouts and switches, Railroad, &c. with the Vermont and Massachusetts Railroad, at some convenient point at Grant's Corner, in Montague, or between said Grant's Corner and the depot of the said Vermont and Massachusetts Railroad, in said town of Montague, and may use the same, under the provisions and restrictions of the laws relating to railroads in this Commonwealth. be allowed to enter. SECTION 5. The legislature may, after five years from Tolls may be the time when the said railroad shall be opened for use, from reduced." time to time reduce the rates of toll or other profits upon the said road; but the same shall not be so reduced, without Proviso. the consent of the said company, as to yield with the said profits, less than ten per cent. per annum to the stockholders. SECTION 6. The legislature may authorize any company Other roads may to enter with another railroad upon and use the said Amherst and Belchertown Railroad, or any part thereof, by complying with such reasonable rules and regulations as the said Amherst and Belchertown Railroad Company may prescribe, or as may be determined according to the provisions of law. SECTION 7. If the said company shall not be organized, Location. and if the location of the route of the said road shall not be made and filed with the county commissioners of the counties of Hampden, Hampshire, and Franklin, respectively, within two years from the passage of this act, or if the said Completion. company shall fail to complete the said road within four years from the passage of this act, then this act shall be null and void. which the N. L., with this corpo name of the New and Amherst R. SECTION 8. The persons who are, or shall become, stock- Conditions on holders in the New London, Willimantic and Palmer Railroad w. and P. R. R. Company, being partly in the State of Connecticut and partly Co. may unite in this Commonwealth, with the assent of the legislature of ration, under the the State of Connecticut, may, by vote duly passed at a legal London, Palmer meeting, and with the consent of the corporation hereby RC. created, duly expressed at a legal meeting called therefor, become stockholders in the last named corporation; and, thereupon, the said two corporations shall become united into one corporation, by the name of the New London, Palmer, and Amherst Railroad Company, with a capital not exceeding the amount of the joint capital of both of the said corporations. And all the tolls, franchises, rights, powers, privileges, and property, granted or to be granted or acquired, under the authority of the legislature of the State of Connecticut or of this Commonwealth, shall be held and enjoyed by all the said stockholders, in proportion to their number of shares in either or both of the said corporations. of a union of the SECTION 9. After such union of the said companies shall Provisions in case have been perfected, the said stockholders shall hold their two companies. |