By whom managed.

Sinking fund, how applied.

Surrender of bonds, &c.

Treasurer to take

possession if company fails to pay interest.

Company, and redeemed by the said treasurer, under the provisions of this act. And the said sinking fund shall be held and managed by said treasurer of the Commonwealth, or such commissioners as may be by law provided, and all reasonable charges and costs in the management thereof, being approved by the governor and council, shall be paid from the same.

SECTION 5. At the expiration of said term of twenty years, or sooner, if the amount of the said sinking fund shall be sufficient therefor, the amount of said sinking fund shall be applied to the payment and liquidation of the said sum of four hundred thousand dollars, due to the Commonwealth from said company, for the redemption of said scrip issued under said act of March twentieth, eighteen hundred and thirty-seven; and if, at the expiration of said term, the said sinking fund shall be insufficient to pay the said sum, the said company shall be required to pay the balance of said And on sum on the day of the expiration of said term. such payment and complete liquidation of the debt, the treasurer of the Commonwealth shall surrender to said company the bond of said company, and the mortgage given to secure the same, and the four thousand shares of the stock of said company, made and given to the Commonwealth, in pursuance of the provisions of said act of March twentieth, eighteen hundred and thirty-seven.

SECTION 6. In case of the failure of the said company to pay the interest due on the said scrip, issued under the said act of March twentieth, eighteen hundred and thirty-seven, until the maturity thereof, or to pay the expenses and costs of issuing the scrip herein provided for, or to pay the interest semi-annually, as herein provided, or to pay annually, to the treasurer of the Commonwealth, the sum of ten thousand dollars, as herein provided, for a sinking fund, then, in such case, it shall be the duty of the treasurer of the Commonwealth, to enter upon and take possession of the railroad of said company, and enforce all the provisions of said bond given by said company to the Commonwealth, and make use of all the security or pledge held by the Commonwealth, according to the provisions of the said act of March twentieth, eighteen hundred and thirty-seven, for the payment of said debt and indemnity to the Commonwealth, for all loss or injury in relation thereto. And the said mortgage and pledge and the said bond are hereby declared not to be waived or impaired by any delay in enforcing the same, or by any of the provisions of this act, until the entire payment and satisfaction of the debt due to the Commonwealth, according to the true and original intent and meaning of the same.

holders neces

SECTION 7. This act shall not take effect unless the said Assent of stockNorwich and Worcester Railroad Company, before the first sary. day of January next, at a meeting of the stockholders, duly notified for that purpose, shall have assented to all the provisions thereof; nor unless the same shall be approved by the legislature of the State of Connecticut, before the first day of January in the year eighteen hundred and fifty-six. March 27, 1854.

[1854, 287; 1855, 462; 1857, 244.]

[1832, 98; 1836, 117; 1849, 118, 217; 1853, 235.]

AN ACT to increase the Capital Stock of the Bristol County Bank. Be it enacted, &c., as follows:

tional capital

Chap. 135 SECTION 1. The president, directors, and company, of the $100,000 addiBristol County Bank, in Taunton, are hereby authorized to stock. increase their present capital stock by an addition thereto of one hundred thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the Proviso. whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-five. SECTION 2. If any of the stockholders of said bank Remonstrance to remonstrate against the acceptance of the additional capital herein provided, the said remonstrance shall be made in writing to the cashier of the bank, on or before the first day of June next; and if the persons so objecting, legally represent one-fourth part of the present capital stock of said corporation, it shall not be entitled to the benefit of this act. SECTION 3. The additional capital aforesaid, when paid Liable to tax, &c. into said bank, shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock of said bank is now subject.

be made in writ

monwealth.

SECTION 4. Before said corporation shall proceed to do Certificate to secbusiness on said additional capital, a certificate, signed by retary of Comthe president and directors, and attested by the cashier under oath, that the same has actually been paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 5. This act shall take effect from and after its passage. March 28, 1854.

[1825, 53, 108; 1830, 58; 1847, 123; 1849, 217.]

AN ACT to increase the Capital Stock of the Bunker Hill Bank, in

Be it enacted, &c., as follows:

Charlestown.

Chap. 136

tional capital

SECTION 1. The president, directors, and company, of the $100,000 addiBunker Hill Bank, in Charlestown, are hereby authorized to increase their present capital stock by an addition thereto

stock.

Proviso.

Remonstrance to

ing.

of one hundred thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-five.

SECTION 2. If any of the stockholders of said bank be made in writ- remonstrate against the acceptance of the additional capital herein provided, the said remonstrance shall be made in writing to the cashier of the bank on or before the first day of June next, and if the persons so objecting legally represent one-fourth part of the present capital stock of said corporation, it shall not be entitled to the benefit of this act.

Liable to tax, &c.

Certificate to sec

monwealth.

SECTION 3. The additional capital aforesaid, when paid into said bank, shall be subject to the same tax, regulations, restrictions, and provisions, to which the present capital stock of said bank is now subject.

SECTION 4. Before said corporation shall proceed to do retary of Com- business on said additional capital, a certificate, signed by the president and directors, and attested by the cashier under oath, that the same has actually been paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 5. This act shall take effect from and after its passage. March 28, 1854.

[1853, 240.]

Chap. 137 AN ACT to increase the Capital Stock of the Pittsfield Bank, in Pittsfield.

Be it enacted, &c., as follows:

SECTION 1. The president, directors, and company, of the Pittsfield Bank, in Pittsfield, are hereby authorized to increase their present capital stock by an addition thereto of one hundred and fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors of said bank may determine provided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-five.

SECTION 2. If any of the stockholders of said bank remonstrate against the acceptance of the additional capital herein provided, the said remonstrance shall be made in writing to the cashier of the bank on or before the first day of July next, and if the persons so objecting legally represent one-fourth part of the present capital stock of said corporation, it shall not be entitled to the benefit of this act.

SECTION 3. The additional capital stock aforesaid, when paid into said bank, shall be subject to the same tax, regulations, restrictions, and provisions, to which the present capital stock of said bank is now subject.

retary of

Com

SECTION 4. Before said corporation shall preceed to do Certificate to seebusiness on said additial capital, a certificate, signed by monwealth. the president and directors, and attested by the cashier under oath, that the same has actually been paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 5. This act shall take effect from and after its passage. March 28, 1854.

[1857, 219.]

[1847, 197; 1850, 210; 1853, 358.]

AN ACT to increase the Capital Stock of the Mahaiwe Bank, in Great Chap. 138

Barrington.

tional capital

Be it enacted, &c., as follows: SECTION 1. The president, directors, and company, of $50.000 addithe Mahaiwe Bank, in Great Barrington, are hereby author- stock. ized to increase their present capital stock by an addition thereto of fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors of said bank may determine: pro- Proviso. vided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-five.

be made in writ

SECTION 2. If any of the stockholders of said bank Remonstrance to remonstrate against the acceptance of the additional capital ing. herein provided, the said remonstrance shall be made in writing to the cashier of the bank on or before the first day of July next; and if the persons so objecting legally represent one-fourth part of the present capital stock of said corporation, it shall not be entitled to the benefit of this

act.

SECTION 3. The additional capital stock aforesaid, when Liable to tax, &c. paid into said bank, shall be subject to the same tax, regulations, restrictions, and provisions, to which the present capital stock of said bank is now subject.

retary of Com

SECTION 4. Before said corporation shall proceed to do Certificate to secbusiness on said additional capital, a certificate, signed by monwealth. the president and directors, and attested by the cashier under oath, that the same has actually been paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 5. This act shall take effect from and after its passage. March 28, 1851.

[1824, 145; 1825, 126; 1830, 58; 1850, 210.]

AN ACT to increase the Capital Stock of the Housatonic Bank, in Stock- Chap. 139

Be it enacted, &c., as follows:

bridge.

SECTION 1. The president, directors, and company, of $50,000 addithe Housatonic Bank, in Stockbridge, are hereby authorized stock.

tional capital

Proviso.

Remonstrance to be made in writing.

Liable to tax, &c.

Certificate to secretary of Commonwealth.

to increase their present capital stock by an addition thereto of fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors of said bank may determine: provided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fiftyfive.

SECTION 2. If any of the stockholders of said bank remonstrate against the acceptance of the additional capital herein provided, the said remonstrance.shall be made in writing to the cashier of the bank on or before the first day of July next; and if the persons so objecting legally represent one-fourth part of the present capital stock of said corporation, it shall not be entitled to the benefit of this

act.

SECTION 3. The additional capital stock aforesaid, when paid into said bank, shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock of said bank is now subject.

SECTION 4. Before said corporation shall proceed to do business on said additional capital, a certificate, signed by the president and directors, and attested by the cashier under oath, that the same has actually been paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 5. This act shall take effect from and after its passage. March 28, 1854.

[1857, 203.]

[1850, 157.]

Chap. 140

$50,000 additional capital stock.

Proviso.

Remonstrance to be made in writing.

AN ACT to increase the Capital Stock of the John Hancock Bank. Be it enacted, &c., as follows:

SECTION 1. The president, directors, and company, of the John Hancock Bank, in Springfield, are hereby authorized to increase their present capital stock by an addition thereto of fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-five.

SECTION 2. If any of the stockholders of said bank remonstrate against the acceptance of the additional capital herein provided, the said remonstrance shall be made in writing to the cashier of the bank on or before the first day of June next; and if the persons so objecting legally represent one-fourth part of the present capital stock of said corporation, it shall not be entitled to the benefit of this

act.