Chap. 0041 An Act to incorporate the turner's falls branch railroad company.
Be it enacted, §•<?., as follows :
Section 1. Alvah Crocker, Walter Heywood, Wendell T. Davis, Otis T. Ruggles and George E. Towne, their associates and successors, are hereby made a corporation by the name of the Turner's Falls Branch Railroad Company, with all the powers and privileges, and subject to all the restrictions, duties and liabilities set forth in the general laws which now are or hereafter may be in force relating to such corporations.
Section 2. Said company may locate, construct and operate a railroad, commencing at a point in the town of Montague, near the old locks and dam at Turner's Falls, on the Connecticut river, and running southerly and down said river to a point in Montague aforesaid, or to a point in
Decrfield, convenient to unite with the New London Northern, the Vermont and Massachusetts, or Connecticut River Railroads, or with all of said railroads.
Section 3. The capital stock of said company shall be fixed by said company at an amount not less than one hundred thousand dollars and not more than two hundred and fifty thousand dollars, and when so fixed shall not thereafter be changed; and said stock shall be divided into shares of one hundred dollars each. Said company may purchase and hold such real and personal estate as may be necessary for the purpose for which it is incorporated.
Section 4. The said Turner's Falls Branch Railroad Company may unite their road with the New London Northern, the Vermont and Massachusetts, or the Connecticut River Railroads, or with all of said railroads, and may enter upon and use the tracks of-said railroads, upon the terms and subject to the provisions of the statutes of the Commonwealth relating to railroads and railroad corporations.
Section-5. Said Turner's Falls Branch Railroad Company is hereby authorized and empowered to lease or transfer all their property, right and franchise under this charter, either to the New London Northern, the Vermont and Massachusetts or the Connecticut River Railroad corporations, whenever mutual arrangements may be made to that effect, for a limited time, or perpetually; and either of said corporations is hereby authorized to accept such lease or transfer whenever agreed upon by the parties.
Section 6. This act shall be void unless the said railroad is located within two years, and constructed within four years, from the passage of this act.
Section 7.   This act shall take effect upon its passage.
Approved February 19, 1866.