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DOCUMENTS

ACCOMPANYING THE ANNUAL REPORT ON RAILROADS.

1. A map of the State, on which is given the position of all the Railroads.

2. General Railroad Act, and laws amending the same; and other general laws relating to the Railroads of the State.

3. Tabulated results compiled from the reports of the Steam Railroad Companies, comprised in tables A, B, C, D, E, F, G, H and I.

4. Tabulated results compiled from the reports of city companies, comprised in tables A, B, C, D, E, F, G and H.

5. Tables of comparative statements of Steam Railroads for five consecutive years, 1866, 1867, 1868, 1869 and 1870.

6. Tables of comparative statements of Street or Horse Railroads for five consecutive years, 1866, 1867, 1868, 1869 and 1870.

7. Reports of the different Railroad Companies for the year ending September 30, 1870.

8. Comptroller's apportionment of expenses charged to Railroad Companies for the year ending September 30, 1870.

GENERAL RAILROAD ACT,

AND LAWS AMENDING THE SAME,

AND OTHER

GENERAL LAWS

RELATING TO THE RAILROADS OF THE STATE.

STATE ENGINEER AND SURVEYOR'S RAILROAD REPORT. 49

Chap. 140.

AN ACT to authorize the formation of railroad corporations, and to regulate the same.

Passed April 2, 1850, "three-fifths being present." The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. Any number of persons, not less than twenty-five, may form a company for the purpose of constructing, maintaining and operating a railroad for public use in the conveyance of persons and property, or for the purpose of maintaining and operating any unincorporated railroad already constructed for the like public use; and for that purpose may make and sign articles of association, in which shall be stated the name of the company; the number of years the same is to continue; the places from and to which the road is to be constructed, or maintained and operated; the length of such road as near as may be, and the name of each county in this state through or into which it is made, or intended to be made; the amount of the capital stock of the company, which shall not be less than ten thousand dollars for every mile of road constructed, or proposed to be constructed, and the number of shares of which said capital stock shall consist, and the names and places of residence of thirteen directors of the company, who shall manage its affairs for the first year, and until others are chosen in their places. Each subscriber to such articles of association shall subscribe thereto his name, place of residence, and the number of shares of stock he agrees to take in said company. On compliance with the provisions of the next section, such articles of association may be filed in the office of the secretary of state, who shall indorse thereon the day they are filed, and record the same in a book to be provided by him for that purpose; and thereupon the persons who have so subscribed such articles of association, and all persons who shall become stockholders in such company, shall be a corporation by the name specified in such articles of association, and shall possess the powers and privileges granted to corporations, and be subject to the provisions contained in title three. of chapter eighteen of the first part of the Revised Statutes, except the provisions contained in the seventh section of the said title.

§ 2. Such articles of association shall not be filed and recorded in the office of the secretary of state, until at least one thousand dollars of stock for every mile of railroad proposed to be made is subscribed thereto, and ten per cent paid thereon in good faith, and in cash, to

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