Annual Report

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Halaman 23 - ... liability to be sued in its own separate name and capacity, in the same manner and to the same extent as heretofore, excepting that in so far as between these parties the rights and liabilities of one with the other shall be settled and determined by this agreement. ART.
Halaman 3 - State, having, agreeably to the provisions of the act, entitled "An act to render railroad corporations public in certain cases, and constituting a board of railroad commissioners...
Halaman 23 - This indenture shall be construed as a business contract only, and in no sense as a lease of one road to the other, or as a union of their corporate powers or privileges, each party retaining to itself all of its chartered rights and liabilities, and the power to sue or liability to be sued in its own separate name and capacity, in the same manner and to the same extent as heretofore...
Halaman 28 - ... is leased to the Eastern railroad in Massachusetts, for a period of ninety-nine years from February 18, . 1840. By the terms of said lease, the net earnings of the two roads are to be equally divided in proportion to the capital stock as paid in to each corporation respectively. The repairs of the road and expenses of running and managing the same, are to be paid by the lessees from the joint income of the two roads, and no separate account of receipts or expenditures in our State has ever been...
Halaman 16 - ... consummation. If we get a correct understanding from their books, the road seems to have cost, including labor, discount on bonds, and interest dividend, while being built, $245-642 72, exclusive of the small amount of net earnings which are applied to the payment of debts &c. This amount now stands, or is represented as follows : Stock, $89-900 00 Do. partly paid and not issued, 21-308 93 50 per ct. stock none — issued, 32-246 83...
Halaman 19 - The cost of the road and equipments, as made up some years since, was, $651-214 88— $600-000 of which is in a permanent fixed capital, and the balance was paid out of the ordinary income of the road. The construction account was closed, and all expenses of renewals, whether of road way, buildings, fixtures or furniture, have been paid from the earnings of the road. This road operate the Wilton road, under lease, and the receipts and expenditures for the past three years include the business of...
Halaman 17 - The stock is divided into 7533 shares, costing $100 each, and 7654 costing $50 each, making the par value $74-88 each, all of which has been preferred excepting 15 shares. By a vote of the stockholders, the construction account was closed in March 1856, and all expenditures since that time have been charged to the account of operating expenses and deducted from the income or taken from the contingent fund. Earnings for the year. From passengers, $109-533 26 " freight, 107-774 44 " mails, 3.468 21...
Halaman 43 - ... the indebtedness of the corporation — the remainder, consisting of wood, iron, shop stock, &c., being necessary for the ordinary running expenses and repairs incident to a successful prosecution of their business. The detailed accounts of expenditures upon construction as well as the last year's operations of the road appear upon the treasurer's books, but, in the limited time we were able to devote to the investigation, we had not an op portunity to make a full copy for this report.
Halaman 10 - NORTHERN RAILROAD. The books and papers of this corporation were examined at the treasurer's office in Boston, May 22, 1857; the examination embracing a period of one year, ending April 1, 1857, the day in which their yearly accounts and annual report of the corporation are made. The total amount expended upon construction account, including the Bristol road, all of which is now represented in stock, $3-068-400, divided into 30,684 shares, 684 of said shares being now owned by the corporation, leaving...
Halaman 22 - Nashua & Lowell road are to pay the sum of three hundred dollars, as also six per cent upon the actual cost of said Stony Brook road and fixtures, and half of the surplus profits, should there be any after the former payments are made. There is apparently a small loss to the Nashua & Lowell road upon the operations of said Stony Brook road the past year...

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