...Vermont, Massachusetts, Rhode Island, 30 Connecticut. New York, or Pennsylvania, and whose road 31 is located wholly or in part in the same, and which is in 32 possession of and operating its own road, and has earned 33 and paid dividends on its capital stock...

...bonds of any railroad company incorporated under the authority of any of the New England States und whose road is located wholly or in part in the same, and has earned and paid regular dividends for the two years next preceding such investment on all its issues...

...In the bonds of any railroad incorporated under the authority of any state outside of New England, which is in possession of and operating its own road, and has earned and paid regular dividends of not less than four per cent, per annum on its capital stock for the five years next preceding such...

...bonds of any railroad com- First mortgage pany incorporated under the authority of any of the New ra England states and whose road is located wholly or...own road, and has earned and paid regular dividends of not less than three per cent, per annum on all its issues of capital stock for the two years next...

...for two years next preceding such investment. " In the first mortgage bonds of any railroad company incorporated under the authority of any of the New...States, and whose road is located wholly or in part of the same, and has earned and paid regular dividends of not less than three per cent, per annum for...

...incorporated under the authority of the States of New York, Massachusetts, Ohio, Michigan, Illinois or Iowa, whose road is located wholly or in part in the same and has earned and paid regular dividends of not less than four per cent per annum on all its issues of...

...commonwealth with a pledge as collateral of shares of the capital stock of a railroad company incorporated in any of the New England states and whose road is located wholly or in part therein and which is in possession of and is operating its own road and has earned and paid regular...

...pledge as collateral of shares of the capítol stock of a railroad company incorporated in any of tk New England states and whose road is located wholly or in part therein and which is in possession of and is operating its own road and has earned and paid regular...

...such indebtedness. RAILROAD BONDS. In the first mortgage bonds of a railroad company incorporated in any of the New England States and whose road is located wholly or in part in the same, whether such corporation is in possession of and is operating its own road or has leased it to another...

...only question is whether the Providence Terminal Company is "a railroad company incorporated in one of the New England states and whose road is located wholly or in part in the same." The company was chartered by an act of the General Assembly of the State of Rhode Island and Providence...