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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 2934   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR

75

with the provisions of the second section of the act

 

of eighteen hundred and sixty, chapter three hundred

 

and three, and the supplements thereto; and the

 

property of such consolidated company, lying within

 

the limits of this State, or of such person, or body

 

corporate as may acquire title to the said railroad,

 

or its franchises as aforesaid, shall be and the same

 

is hereby expressly charged with the payment of

Payment of

the said interest out of its net profits, after first

interest.

paying the interest on the bonds of the said

 

Worcester Railroad Company, issued or to be issued

 

for the construction and equipment of the said road,

 

to the amount of two hundred thousand dollars, at

 

the rate of six per centum per annum; or if the said

 

consolidated company shall issue its own bonds, in.

 

the place of those which the said Worcester Railroad

 

Company is authorized to issue, then after the pay-

 

ment of interest thereon, upon the same amount,

 

and at the same rate.

 

SEC. 2. And be it enacted, That it shall be lawful

 

for the said consolidated company, or for the Wor-

 

cester Railroad Company, at any time hereafter to

 

pay to the said State, the sum of twenty-five thousand
dollars, and thereby acquire the right to the said

State's stock

State's stock; and it shall be the duty of the State

 

by its Comptroller, to execute to such purchaser or

 

pruchasers, such a transfer of the said stock as may

 

be necessary to convey the title thereto.

 

SEC. 3. And be it enacted, That this act shall take

In force

effect from the day of its passage.

 

Approved, March 16th, 1874.

 


 
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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 2934   View pdf image (33K)
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