rate of speed and mode of use of the tracks as the public convenience and safety may require.

Sec. 6. Said corporation shall put all streets and highways and every portion thereof over or through which they shall lay any rails in as good condition as they were before the same were laid, and they shall keep and maintain in repair such portions of the streets and highways as shall be occupied by their tracks, and shall be liable for any loss or injury that any person shall sustain by reason of any carelessness, neglect or misconduct of its agents and servants, in the manage. ment, construction or use of said tracks or streets, and in case any damage shall be recovered against said town by reason of any such misconduct, defect or want of repairs, said corporation shall be liable to pay to such town any sums thus recovered against them, to. gether with all costs and reasonable expenditures incurred by them in the defense of any such suit or suits in which recovery may be had, and said corporation shall not encumber any portion of the streets or highway's not occupied by said tracks.

Sec. 7. If any persor shall wilfully or maliciously obstruct said corporation in the use of said tracks, or the passing of the cars or carriages of said corporation thereon, such persons and all who shall be aiding and abetting therein, shall be punished by a fine not ex: ceeding one hundred dollars, or may be imprisoned for a period not exceeding one month.

SEC. 8. If said corporation, or its agents or servants, shall wilfully or maliciously obstruct any street or highway, or the passing of any carriage over the same, said corporation shall be liable to a fine not exceeding one hundred dollars.

Sec. 9. The capital stock of said corporation shall not exceed one hundred thousand dollars, to be fixed in amount from time to time by vote of the stock. holders, to be divided into shares of one hundred dollars each, and no shares in the capital stock shall be issued for a less amount or sum to be actually paid in on each, than the par value of the shares which shall be first issued.

Sec. 10. The government of said corporation shall

1

be vested in a president and board of directors, consisting of not less than five persons, to be chosen in such way and manner, and at such times and places as said corporation may elect. A majority of the directors and other officers of said company, as provided in this section, shall at all times be inhabitants of this state.

Sec. 11. Said corporation shall have power to purchase and hold such real estate within said town, as may be convenient or necessary for the purposes and management of said road.

SEC. 12. The said road shall be constructed and maintained in such form and manner, and upon such grade as the town council may, in their votes fixing and determining the route thereof, prescribe and direct, and whenever in the judgment of said corpora. tion, it shall be necessary to alter the grade of any street so occupied by it, such alteration may be made at the expense of said corporation, provided the same shall be assented to by the town council of said town.

Sec. 13. Nothing in this act shall be construed to prevent the town council of the said town from entering upon and taking up any of the public streets, highways or bridges traversed by said railroad, for any purpose for which they may now lawfully take

up

the same.

Sec. 14. If the stock shall not bave been subscribed for and twenty per cent. of the same paid in, and the company organized in one year from the acceptance of this charter by the said town council, or if the stock being so subscribed and paid in, and the company organized as aforesaid, the corporation fail to complete said road within two years thereafter, in either of the he. fore mentioned cases this act shall be void and of no effect.

Sec. 15. Said corporation shall be deemed a railroad corporation so far as to be subject to make such annual returns to the legislature as are or may be prescribed by law.

Sec. 16. Said corporation shall have a counting room or place of business in the town of Pawtucket. SEO. 17. This act shall take effect

upon

its

passage. AN ACT TO INCORPORATE THE PROVIDENCE STOVE KNOB Passed June 1,

COMPANY.

1877.

It is enacted by the General Assembly as follows:

SECTION 1. Truman A. Cunliff, Eugene Pickett and Joseph Olmstead, their associates, successors and assigns, are hereby made and constituted a body cor. porate and politic, under the name of the Providence Store Knob Company, for the purpose of making, selling and using metallic stove knobs, and other metallic knobs, with all the powers and privileges, and subject to all the duties and liabilities set forth in chapters 139 and 142 of the General Statutes, and all acts in amendment thereof and in addition thereto.

Sec. 2. The capital stock of said company shall be not more than one hundred thousand dollars, to be divided into shares of one hundred dollars each ; the amount to be fixed by vote of the stockholders.

SEC. 3. No stockholder shall transfer his stock or any portion thereof, without first giving said corporation the refusal of the same, at the lowest price for wbich he is willing to sell such stock.

SEC. 4. The stock and shares of each and every stockholder sball be pledged and liable to said corporation for all debts and demands due from such stockbolders to said corporation or to become due at a day future, for assessments or instalments, and such stock, or so much thereof as said corporation may deem expedient, may be sold by said corporation at public auction, for the payment of such debts and demands and the incidental expenses, and said corporation may likewise have their action against such debtors at any time before the whole of said indebtedness shall

be paid.

SEC. 5. Said corporation shall have an office and place of business in Providence; and there shall be an annual meeting of the stockholders in Providence, at such places and times as may be designated by the by-laws of the corporation, for the election of officers and such other business as may properly come before said meeting. SEC. 6.

This act shall take effect on and after its passage.

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Passed June 1, AN ACT TO INCORPORATE THE MASON MANUFACTURING

1877.

COMPANY.

It is enacted by the General Assembly as follows:

SECTION 1. Stephen N. Mason, George F. Davis, Joseph N. Mason and George B. Davis, their associates, successors and assigns, are hereby created a body corporate and politic, by the name of the Mason Manufacturing Company, for the purpose of manufacturing soap, and for other manufacturing and mechanical business connected therewith, with all the powers and subject to all the duties and liabilities set forth in chapters 139 and 142 of the General Statutes, and of all acts in amendment thereof or in addition thereto.

SEC. 2. The capital stock of said corporation shall not exceed fifty thousand dollars, to be fixed in amount from time to time, by vote of the corporation, and shall be divided into shares of one hundred dollars each; but no stockholder shall transfer his stock or any por tion thereof, without first giving the corporation the refusal of the same, at the price for which he is willing to sell.

SEC. 3. The stock or shares of every stockholder shall be pledged and liable to the corporation for all debts and demands due and owing from such stockholder to the corporation, and whether overdue or due at a day future, and whether arising from instalments or assessments, or in any other manner, and said stock or shares may be sold for the payment of such debts and demands, in such manner as the bylaws of said corporation may prescribe; and in case the proceeds of such sale shall be insufficient to discharge said debts or demands, with the incidental expenses of sale, the corporation may have their action against the debtor for the balance due.

SEC. 4. Said corporation shall have a counting-room and place of business in the town of Woonsocket.

AN ACT TO INCORPORATE THE AMERICAN HARDWARE AND Passed June 1,

BUTT COMPANY.

It is enacted by the General Assembly as follows:

SECTION 1. James T. Downing, George E. Chamberlain, C. S. Scarborough, and S. D. Keene, of Providence, and their associates, successors and assigns, are hereby made a body corporate and politic, by the name and style of The American Hardware and Butt Company, for the purpose of manufacturing hardware, butt hinges, machinery, and other iron castings, and for the transaction of other business connected therewith, and by that name shall have perpetual succession, may make, have and use a common seal, and the same break, alter and renew at pleasure, with all the powers and privileges, and subject to all the duties and liabilities set forth in chapters 139 and 142 of the General Statutes and of any act in amendment thereof, or in addition thereto.

SEC. 2. The capital stock of said corporation shall be one hundred thousand dollars, to be divided into shares of one hundred dollars each. Said shares shall be transferred in such manner as shall be prescribed by the by-laws of said corporation.

SEC. 3. The stock or shares of every stockholder shall be pledged and liable to the corporation for all debts and claims so due and owing from such stockholder to such corporation, whether overdue or due at a future time, and whether arising from assessments or in any other manner; and such stock or shares may be sold for the payment of such debts and demands in such manner as the corporation by its bylaws may prescribe, and in case the proceeds of such sale shall be insufficient to discharge such debts or demands, the corporation may have their claim against the debtor for the balance due, and in case of a surplus. over such debts and demands, interest and expenses, the same shall be paid back to the debtor.

SEC. 4. No stockholder shall transfer his stock or shares or any portion thereof, without first giving the corporation the refusal of the same, at the lowest price for which he shall be willing to sell.

1877.