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amount, to be actually paid in on each, than the par value

sold, &c.

of the shares which shall be first issued. And if any ardent Act to be void, if spirits, or intoxicating drinks of any kind whatever, shall ardent spirits are be sold by said company, or by their agents, lessees, or persons in their employ contrary to law in any of said buildings, then this act shall be void.

May 1, 1849.

Chap. 167

AN ACT to incorporate the Assabet Manufacturing Company. Be it enacted, &c., as follows:

ing in Sudbury

SECTION 1. William H. Knight, Amory Maynard, Charles Corporators. L. Field, their associates and successors, are hereby made a corporation, by the name of the Assabet Manufacturing Company, for the purpose of manufacturing wool, cotton, hemp, For manufactur and flax, in the towns of Sudbury and Stow, in the county and Stow. of Middlesex, with all the powers and privileges, and sub- Powers and duject to all the duties, restrictions, and liabilities, set forth in ties. the thirty-eighth and forty-fourth chapters of the Revised Statutes.

tal stock, $300,

SECTION 2. Said corporation may, for the purpose afore- Real estate, capisaid, hold real estate not exceeding in amount one hundred 000. thousand dollars, and the whole capital stock shall not exceed three hundred thousand dollars: provided, that no Proviso. shares in the capital stock of said corporation shall be issued for a less amount, to be actually paid in on each, than the par value of the shares which shall be first issued.

SECTION 3. This act shall take effect from and after its passage.

May 1, 1849.

Chap. 168

AN ACT to establish the Laighton Bank, in Lynn.

Bank established

in Lynn.

Be it enacted, &c., as follows: SECTION 1. Francis S. Newhall, George W. Raddin, Ezra Baker, their associates and successors, are hereby made a corporation, by the name of the President, Directors, and Company of the Laighton Bank, to be established in Lynn, in the county of Essex, and shall so continue until the first day of October, which shall be in the year one thousand eight hundred and sixty-nine, with all the powers and priv- Powers and duileges, and subject to all the duties, restrictions, and liabilities, set forth in the public statutes of this Commonwealth relative to banks and banking.

ties.

SECTION 2. The stock in said bank shall be transferred Stock, how transonly at its banking-house and in its books.

ferable.

$100,000.

SECTION 3. The capital stock of said corporation shall Capital stock, consist of one hundred thousand dollars, to be divided into shares of one hundred dollars each, and to be paid in such instalments, and at such times as the stockholders may direct: provided, the whole be paid in on or before the first Proviso. day of January next. May 1, 1849.

[1851, 184; 1853, 214.]

Chap. 169

Corporators.

ties.

AN ACT to establish the Fairhaven Branch Railroad.

Be it enacted, &c., as follows:

SECTION 1. Nathaniel Church, Warren Delano, Ezekiel Sawin, Zaccheus M. Barstow, Loring Meiggs, Stephen C. Luce, Gilbert Hathaway, their associates and successors, are hereby made a corporation, by the name of the FairPowers and du- haven Branch Railroad Company, with all the powers and privileges, and subject to all the duties, restrictions, and liabilities, contained in the forty-fourth chapter of the Revised Statutes, and in that part of the thirty-ninth chapter of said statutes, relating to railroad corporations, and in all general laws which are now or may be hereafter in force, respecting railroads in this Commonwealth.

Route of road.

Capital stock.

Real estate.

SECTION 2. The said corporation is hereby authorized and empowered to locate, construct and maintain a railroad, with one or more tracks, commencing at some convenient point in the village of Fairhaven, in the county of Bristol; thence, running in an easterly and northerly direction to, and intersecting the Cape Cod Branch Railroad, at or between the South Middleborough Station, and the South Wareham Station, in the county of Plymouth, and to use the same or any part thereof, according to the provision of law; the said Fairhaven Branch Railroad to be located within one mile of the village of Mattapoisett, in the town of Rochester, and within three-fourths of one mile of Mendell and Leonard's store, in Sippican quarter of said town of Rochester.

SECTION 3. The capital stock of said corporation shall consist of not more than twenty-five hundred shares, the number of which shall be determined from time to time, Of assessments. by the directors of said corporation; and no assessment shall be laid thereon, of a greater amount in the whole, than one hundred dollars on each share; and said corporation may take, purchase, and hold such real estate, and may purchase and hold such engines, cars, and other things, as may be necessary for the purposes of their incorporation. All shares in the capital stock of said corporation shall be issued for the same value or amount, to be actually paid in on each.

Proviso.

Location in two years.

SECTION 4. If the location of the said railroad, as provided for in the second section, be not filed according to law, To be completed within two years, and if said railroad be not constructed within four years from the passage of this act, this act shall be void.

in four years.

May enter upon

Cape Cod Branch

River Railroad,

SECTION 5. Said corporation is hereby authorized to Railroad, Fall enter upon and unite their railroad by proper means, with and the Old Col the Cape Cod Branch Railroad as aforesaid; and also to use said Cape Cod Branch Railroad, Fall River Railroad, and

ony Railroad.

the Old Colony Railroad, paying therefor such a rate of toll as may be mutually agreed upon by the parties, or as the general court may from time to time, prescribe.

may be author

this.

SECTION 6. The general court may authorize any com- Other railroads pany to enter with another railroad upon, and use said ized to enter upon Fairhaven Branch Railroad, or any part thereof, by complying with such reasonable rules and regulations as the said Fairhaven Branch Railroad Company may prescribe, or as may be determined by the provisions of law.

tolls may be re

SECTION 7. The general court may, after the expiration After four years of four years from the time when said railroad may be duced. opened for use, from time to time, alter and reduce the rate of tolls or profits upon said railroad; but said tolls or profits Proviso. shall not be so reduced without the consent of said corporation, as to produce with said profits, less than ten per centum per annum upon the investment of said corporation.

SECTION 8. This act shall take effect from and after its passage.

May 1, 1849.

[1851, 85; 1852, 116, 150; 1853, 147; 1854, 124; 1857, 253.]

AN ACT to incorporate the Charles River Branch Railroad Company. Chap. 170

Be it enacted, &c., as follows:

SECTION 1. Otis Pettee, Edgar K. Whitaker, Elijah Perry, Corporators. their associates and successors, are hereby made a corpora

tion, by the name of the Charles River Branch Railroad

Company, with all the powers and privileges, and subject Powers and duto all the duties, restrictions, and liabilities, contained in ties. the forty-fourth chapter of the Revised Statutes, and in that part of the thirty-ninth chapter of said statutes which relates to railroad corporations, and in all general laws which have been, or may be hereafter passed relating to such corporations.

SECTION 2. Said company may locate, construct, and Route of road. maintain a railroad with one or more tracks, from some convenient point on the Boston and Worcester Railroad near Angier's Corner, in Newton, or from a point at or near the western terminus of the Brookline Branch of said Boston and Worcester Railroad, in Brookline, as the corporation hereby created, when lawfully organized shall elect; and through Newton and East Needham to some convenient point in Dover, passing near the villages of Newton Centre, Upper Falls, and East Needham, with liberty to enter upon and use said Boston and Worcester Railroad, or said Brookline Branch, as the case may be, in the manner that is or may be prescribed by the laws of this Commonwealth.

SECTION 3. The capital stock of said corporation shall Capital stock. consist of not more than three thousand shares, the number of which shall be determined from time to time, by the

Real estate.

Proviso.

Location.

Completion.

Other roads may be authorized to enter on this.

Tolls may be reduced after five years.

Value of shares.

Chap. 171

Corporators.

in Mansfield.

directors thereof, and no assessment shall be laid thereon of a greater amount in the whole, than one hundred dollars on each share. And the said corporation may take, purchase, and hold such real estate, and may purchase and hold such engines, cars, and other things, as may be necessary or convenient for the use of said railroad, and for the transportation of passengers, goods and merchandise: provided, however, that the said corporation shall construct its said railroad over the Boston Aqueduct in Newton or Brookline, in such manner as not to injure the same.

SECTION 4. If the location of said railroad be not filed according to law, within two years from the passage of this act, or if the said railroad shall not be completed, with at least one track from its said terminus at Dover to said Boston and Worcester Railroad, or to said Brookline Branch, within three years from the passage of this act, the same shall be void.

SECTION 5. The legislature may authorize any company to enter with another railroad upon, and use the railroad hereby established, or any part thereof, by complying with such reasonable rules and regulations as the said Charles River Branch Railroad Company may prescribe, or as may be determined according to law.

SECTION 6. The legislature may, after the expiration of five years from the time when said railroad shall be opened for use, from time to time, reduce the rates of toll, or other profits upon said railroad; but the same shall not, without the consent of said corporation, be so reduced as to produce less than ten per cent. per annum upon the investment of said company.

SECTION 7. All shares in the capital stock of said corporation shall be for the same value or amount, to be actually paid in.

May 1, 1849. [1851, 80, 297; 1852, 106; 1855, 105, 218, 269, 400; 1856, 238; 1857, 39; 1858, 20; 1859, 48, 63.]

AN ACT to incorporate the Cocasset Coal Mining Company.
Be it enacted, &c., as follows:

SECTION 1. Thomas M. George, Edward Kingman, Foster Bryant, their associates and successors, are hereby made a corporation, by the name of the Cocasset Coal Mining For mining, &c., Company, for the purpose of digging and mining coal and other minerals, and converting the same to useful purposes, and prosecuting the mining business in all its branches, in Powers and du- the town of Mansfield, in the county of Bristol, with all the powers and privileges, and subject to all the duties, restrictions, and liabilities, set forth in the thirty-eighth and forty-fourth chapters of the Revised Statutes.

ties.

SECTION 2. Said corporation may hold, for the purposes Real estate. aforesaid, real estate not exceeding in value fifty thousand dollars, and the whole capital stock shall not exceed two Capital stock. hundred thousand dollars: provided, that no shares in the capital stock of said corporation shall be issued for a less sum or amount, to be actually paid in on each, than the par value of the shares which shall be first issued.

AN ACT to incorporate the Milford Bank.

May 1, 1849.

Proviso.

Chap. 174 Be it enacted, &c., as follows: SECTION 1. A. C. Mayhew, D. S. Godfrey, W. A. Hay- Bank in Milford. ward, their associates and successors, are hereby made a corporation, by the name of the President, Directors, and Company of the Milford Bank, to be located in the town of Milford, and to continue a corporation until the first day of October, in the year one thousand eight hundred and sixty

nine, and shall be entitled to all the powers and privileges, Powers and duand subject to all the duties, restrictions, and liabilities, set ties. forth in the public statutes of this Commonwealth relative to banks and banking.

$100,000.

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 on or before the first day of April, in the year one thousand eight hundred and fifty. SECTION 3. The stock of said bank shall be transferable Stock, how transonly at its banking-house, and in its books.

[1851, 179; 1853, 216; 1855, 383.]

ferable.

May 1, 1849.

Chap. 175

AN ACT to incorporate the Rollstone Bank, in Fitchburg.

Be it enacted, &c., as follows:

burg.

SECTION 1. Alvah Crocker, Nathaniel Wood, Daniel Put- Bank In Fitchnam, their associates and successors, are hereby made a corporation, by the name of the President, Directors, and Company of the Rollstone Bank, to be located in the town of Fitchburg, and shall so continue until the first day of October, in the year one thousand eight hundred and sixtynine, and shall be entitled to all the powers and privileges, Powers and duand subject to all the duties, liabilities, and restrictions, set forth in the public statutes of this Commonwealth in relation to banks and banking.

ties.

SECTION 2. The capital stock of said corporation shall Capital stock. consist of one hundred thousand dollars, to be divided into shares of one hundred dollars each; to be paid in such instalments as the stockholders may direct: provided, that Proviso.

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