Chap. 198 Location changed. Act void, unless, &c. Chap. 199 Corporators. [1844, 100; 1845, 226, 234; 1846, 259; 1847, 210; 1849, 169, 198, 212; 1852, 67; 1854, 133.] AN ACT concerning the Fall River Railroad Company. Be it enacted, &c., as follows: SECTION 1. The Fall River Railroad Company are hereby authorized to change the location of their railroad, by enlarging, and making more easy of operation, the curve or curves near its southern terminus, in the town of Fall River. SECTION 2. If the location of the change herein granted shall not be filed within one year, and if the same shall not be constructed within two years from the passage of this act, this act shall be void. March 31, 1854. [1858, 171.] AN ACT to incorporate the Winchendon Savings Bank. B. O. Tyler, Gilman B. Parker, M. Hancock, their associates and successors, are hereby made a corporation, by the name of the Winchendon Savings Bank, to be established in Powers and du- the town of Winchendon, with all the powers and privileges, and subject to all the duties, liabilities, and restrictions, set forth in the thirty-sixth chapter of the Revised Statutes, and in all other laws of the Commonwealth, relating to institutions for savings. March 31, 1854. ties. [1854, 66.] Chap. 200 AN ACT in addition to an Act to incorporate the Boston Chemical Company. Former act amended. Chap. 201 May extend wharf. Be it enacted, &c., as follows: The act entitled, An Act to incorporate the Boston Chemical Company, is hereby amended by the substitution of Joseph W. Ward for J. H. Ward, and William G. Wheelock for H. G. Wheelock, in the first section of this act. March 31, 1854. AN ACT to authorize William Pope to extend his Wharf. Be it enacted, &c., as follows: William Pope, of Boston, is hereby authorized to extend his wharf, on Harrison Avenue, in the city of Boston, to the line established by "An Act concerning the Harbor of Boston," passed the seventeenth day of March, in the year one thousand eight hundred and forty, and he shall have the right to lay vessels at the end and sides of said wharf, May receive dock- and to receive wharfage and dockage therefor: provided, however, that this grant shall not be construed to extend to any flats or land of this Commonwealth, lying in front of the flats of any other person, or which would be comprehended by the true lines of such flats, continued to the said commissioners' line; and provided, also, that so much of said wharf as may be constructed below low-water mark, ⚫age, &c. Proviso. Proviso. shall be built on piles, which piles shall not be nearer to each other than six feet, in the direction of the stream, and eight feet in a transverse direction; and that this act shall in nowise impair the legal rights of any person. [1849, 97; 1854, 10.] March 31, 1854. AN ACT to change the Name of the Conway Mutual Fire Insurance Chap. 202 Company. Be it enacted, &c., as follows: The Conway Mutual Fire Insurance Company shall here- Name changed. after be called and known by the name of the Conway Stock and Mutual Fire Insurance Company. [1855, 476.] March 31, 1854. Chap. 203 AN ACT to incorporate the Medford Gas Light Company. Be it enacted, &c., as follows: SECTION 1. Sanford B. Perry, Gardner G. Hubbard, corporators. Moses M. Rice, their associates and successors, are hereby made a corporation, by the name of the Medford Gas Light Company, for the purpose of making and selling gas in the Purpose. towns of Medford and West Cambridge, with all the powers Powers and duand privileges, and subject to all the duties, restrictions, and ties. liabilities, set forth in the thirty-eighth and forty-fourth chapters of the Revised Statutes. SECTION 2. The capital stock of said company shall not Capital stock. exceed the sum of three hundred thousand dollars; and Real estate. said company may hold such real estate as may be necessary and convenient for the purpose aforesaid, not exceeding in value the sum of one hundred thousand dollars. issued under par. SECTION 3. No shares in the capital stock of said com- No shares to be pany 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. and lay pipes. SECTION 4. Said company, with the consent of the select- May open ground men of the towns of Medford and West Cambridge, respectively, shall have power and authority to open the ground in any part of the streets, lanes, and highways, in said towns, for the purpose of sinking and repairing such pipes and conductors as it may be necessary to sink for the purpose aforesaid; and the said company, after opening the ground in said streets, lanes, and highways, shall be held to put the same again in repair, under the penalty of being prosecuted for a nuisance: provided, however, that said select- Proviso. men, for the time being, shall at all times have the power, in their respective towns, to regulate, restrict, and control, the acts and doings of said company, which may in any manner affect the health, safety, or convenience, of the inhabitants of said towns. SECTION 5. passage. This act shall take effect from and after its [1854, 443; 1856, 280.] [1822, 50; 1825, 131; 1849, 248.] Chap. 204 AN ACT to increase the Capital Stock of the Salisbury Manufacturing Company. $300,000 additional capital stock. Real and personal estate. Proviso. Doings confirmed Be it enacted, &c., as follows: SECTION 1. The Salisbury Manufacturing Company is hereby authorized to increase its capital stock by an amount not exceeding three hundred thousand dollars, and to invest such increase in real and personal estate, necessary and convenient for carrying on the business of the said corporation: provided, however, that no shares in the capital stock of the 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 have been already issued. SECTION 2. The doings of the directors and corporation, in issuing stock from time to time heretofore, are hereby ratified and confirmed. [1853, 383.] March 31, 1854. Chap. 205 AN ACT in addition to an Act to incorporate the Cambridge Railroad May remove tracks. Proviso. Fare. Notice to abutters. Be it enacted &c., as follows: Company. SECTION 1. That at any time after the expiration of one year from the opening for use of the tracks of said railroad in any street in which the same may be located, as provided by its charter, the mayor and aldermen of the cities of Boston and Cambridge, respectively, may, by vote of the major part thereof, determine as to so much of said track as is located within the limits of their respective cities, that the same, or any part thereof, be discontinued, and thereupon the location shall be deemed to be revoked, and the tracks of said railroad shall forthwith be taken up and removed, in conformity with such vote or order of said mayor and aldermen: provided, that such taking up and removal shall be at the expense of said railroad company. SECTION 2. The rates of fare upon the said railroad, between any two points in the city of Boston, shall never exceed five cents for each passenger, unless with the assent of the mayor and aldermen of said city. SECTION 3. Notice to abutters on streets in which it may be proposed to lay the tracks of said corporation, shall be given, by the publication, in one or more newspapers published in the cities of Boston and Cambridge, of an order of notice from the mayor and aldermen of said respective cities, fourteen days at least prior to the location of any such tracks. chase, &c. SECTION 4. Either of the cities of Boston and Cambridge, Cities may purif it so elect, may purchase, on the same terms and conditions as are mentioned in the seventh section of the act to which this is an addition, that part of the corporate property of this company which relates or lies within its own limits, paying therefor a proportional sum, to be ascertained by commissioners to be appointed by the supreme judicial court. SECTION 5. This act shall be void and of no effect, unless Act void, unless, the same shall be accepted by the city council of the cities of Boston and Cambridge, respectively, within one year from the date hereof. SECTION 6. This act shall take effect from and after its passage. March 31, 1854. [1855, 24, 338, 368; 1857, 278.] AN ACT to incorporate the West Cambridge Gas Light Company. Be it enacted, &c., as follows: &c. Chap. 207 SECTION 1. John Schouler, John Field, Nathan Robbins, Corporators. their associates and successors, are hereby made a corporation, by the name of the West Cambridge Gas Light Company, for the purpose of making and selling gas in the Purpose. ties. town of West Cambridge; with all the powers and privileges, Powers and duand subject to all the duties, restrictions, and liabilities, set forth in the thirty-eighth and forty-fourth chapters of the Revised Statutes. sonal estate. SECTION 2. Said corporation may hold such real and Real and perpersonal estate, as may be necessary and convenient for the purposes aforesaid, not exceeding in value the sum of fifty thousand dollars. issued under par. SECTION 3. No shares in the capital stock of said com- No shares to be pany, shall be issued for a less sum or amount, to be actually paid in on each, than the par value of the shares which and lay pipes. shall be first issued. SECTION 4. Said corporation, with the consent of the May open ground selectmen of the town of West Cambridge, shall have power and authority to open the ground in any part of the streets, lanes, and highways, in said town, for the purpose of sinking and repairing such pipes and conductors, as it may be necessary to sink, for the purpose aforesaid; and the said corporation, after opening the ground in said streets, lanes, and highways, shall be held to put the same again in repair, under the penalty of being prosecuted for a nuisance: pro- Proviso. rided, however, that said selectmen, for the time being, shall at all times have the power to regulate, restrict, and control, the acts and doings of said corporation, which may in any manner affect the health, safety, and convenience, of the inhabitants of said town. SECTION 5. This act shall take effect from and after its passage. March 31, 1854. Chap. 208 AN ACT to authorize the Trustees of the Union Street Methodist Episcopal Church, in Springfield, to sell Real Estate. Trustees may sell real estate. Proviso. Be it enacted, &c., as follows: The trustees of the Union Street Methodist Episcopal Church, in Springfield, or their successors in office, are hereby authorized to sell, and convey by deed, any real estate which they may hold in trust, conveyed to said church by deed of John W. Hardy, on the twenty-fourth day of May, in the year eighteen hundred and twenty-five: provided, that the whole amount received from such sale be appropriated, or held and managed by said trustees, and their successors in office, in and upon the same trusts, and for the purposes specified in said deed. March 31, 1854. [1846, 186.] Chap. 209 AN ACT in addition to "An Act to incorporate the Merchants' and Farmers' Mutual Fire Insurance Company." Guarantee capital. May increase capital. sued. Be it enacted, &c., as follows: SECTION 1. The said Merchants' and Farmers' Mutual Fire Insurance Company, established at Worcester, may open books of subscription, for a guarantee capital of fifty thousand dollars, with leave to increase the same to the sum of two hundred thousand dollars, which shall be paid in Policies, when is within three years from the passage of this act; and whenever said sum of fifty thousand dollars shall be subscribed and paid in, said corporation may insure and issue policies, otherwise than upon the mutual principle. Said guarantee capital shall be divided into shares by said corporation, and shall be entitled to receive a semi-annual dividend, not exceeding four per centum; and said corporation may invest its funds in any manner insurance companies or savings banks are or may be, by law, authorized to do. Dividends. Surplus profits. Reserve fund, how applied. SECTION 2. At the annual meeting next after the time of issuing policies upon the stock principle, and at each succeeding annual meeting, said corporation may cause an examination and estimate to be made of any surplus or profits accruing and remaining from the receipts or income of business done upon the stock principle; and if, after providing for all outstanding risks, losses, interest on guarantee capital, incidental expenses, and other liabilities, chargeable to that portion of the business done upon the stock principle, there shall remain any surplus or profits, the same may be set aside as a reserve fund, to be applied to the redemption of the guarantee capital. And whenever, after the expiration of ten years from the commencement of business on the stock principle, there shall be sufficient amount of reserved fund to redeem the whole or a part of said guarantee capital, and the corporation shall vote to |