Chap. 0066 An Act relative to the issue of bonds by the hoosac tunnel and wilmington raileoad company.

Be it enacted, etc., as follows:

Section 1. Section three of chapter two hundred and eight of the acts of the year eighteen hundred and ninety-one, as amended by chapter twenty-six of the acts of the year eighteen hundred and ninety-two, is hereby amended by striking out in the tenth, eleventh and twelfth lines thereof, the words "eight thousand dollars per mile for narrow gauge track and fifteen thousand dollars per mile for standard gauge track", and inserting in place thereof the following words : -the amount of the authorized capital stock of said company, - so as to read as follows : - Section 3. The hoosac Tunnel and Wilmington Railroad Company, for the purpose of carrying out the provisions of this act and for the construction of extensions and branches of its railroad line as shall be hereafter determined, is hereby authorized to issue bonds on its existing railroad, and if the Deerfield Valley Railroad be purchased and consolidated as herein provided, then upon the whole line, and upon any extensions and branches which shall be constructed and made thereto, to an amount not exceeding the amount of the authorized capital stock of said company ; said bonds to be issued, recorded and approved in accordance with the provisions of section sixty-two of chapter one hundred and twelve of the Public Statutes "and acts amendatory thereof: provided, that in any case the amount of bonds so issued shall not exceed the capital stock authorized and actually paid in at the time of the issue of the bonds.
Section 2.   This act shall take effect upon its passage.
Approved March 7, 1893.