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Session Laws, 1902 Session
Volume 476, Page 271   View pdf image (33K)
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JOHN WALTER SMITH, ESQ., GOVERNOR.

271

SEC. 6. And be it enacted, That said company shall have
power to sell, rent or lease electricity for lighting purposes
and for power purposes, and charge therefor such rates as
compensation therefor as the board of directors may from time
to time determine.
SEC. 7. And be it enacted, That the railroad so to be con-

CHAP. 173.

Power to sell,
rent, etc.

structed shall be single or double track, and shall have as
many sets of tracks, switches and turnouts and branches, as
the said directors may deem necessary ; and the said directors, or
a majority of them, or their agents, may cause to be made, or
contract with others for making said railroad tracks, switches,
turnouts, branches, power houses and trolleys, erecting poles
and stringing wires, or any part thereof, including building of
bridges, necessary warehouses, depots and stations, and all work
whatsoever which may be necessary to the proper completion
and working of said railroad and branches, and may acquire
any land, earth, stone, gravel or other material required for
any of the purposes aforesaid, by agreement with the owner
or owners of any land, earth, timber, gravel or other materials,
or any improvements for the construction or repairs of said
road or its works, for the purchase or use and occupation of
the same; and in case they do not agree, or if the owner or
owners, or any of them, be a feme covert, under age, or non
compos mentis, or out of the county in which the property
may lie, when such lands or materials may be needed, the said
company may proceed to condemn and acquire the use of the
same for the purposes of said railroad or for the purposes of
the motive power thereof, in the manner provided for by the
Code of Public General Laws, Article- 23, and the Supple-
ment to the Code of Public General Laws, sections 167,
167 A, 168, 169, 169 A, and 173, inclusive, so far as the same
may be applicable, and may condemn land, easements, rights
of way, material and privileges for the purposes of the com-
pany in the manner aforesaid, and shall have all other rights,
privileges and powers which are granted by the General Laws
so far as the same does not conflict herewith.
SEC. 8. And be it enacted, That said board of directors are

May lay
single or
double
tracks, etc.

hereby authorized to open books for subscription to the capital
stock of said railroad company, at such times and places as
they may deem proper, and receive subscriptions in money or
property, real, personal or mixed, or in labor or services, at
such valuation as may be agreed upon between the said com-
pany and those subscribing at the time of such subscription,
and said board of directors shall have power to determine in
what instalments said subscriptions to said capital stock shall
be paid ; and upon failure to pay any such instalment or any
subscription, within twenty days after the same may be due

Open books
for
subscription
to capital
stock.



 
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Session Laws, 1902 Session
Volume 476, Page 271   View pdf image (33K)
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