Railroad Laws of the State of New York, from 1850 to 1871, Inclusive

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Common terms and phrases

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Էջ 16 - ... and the directors of the company may confer on any holder of any bond issued for money borrowed as aforesaid, the right to convert the principal due or owing thereon, into stock of said company, at any time not exceeding ten years from the date of the bond, under such regulations as the directors may see fit to adopt.
Էջ 81 - AN ACT to amend an act entitled "An act to amend chapter nine hundred and seven of the laws of eighteen hundred and sixtynine, entitled ' An act to amend an act entitled an act to authorize the formation of railroad corporations, and to regulate the same...
Էջ 78 - That any person violating any of the provisions of this Act shall, upon conviction thereof, be deemed guilty of a misdemeanor, and shall be punished by a fine not exceeding twenty-five dollars.
Էջ 6 - No person holding stock in any such company, as executor, administrator, guardian or trustee, and no person holding such stock as collateral security, shall be personally subject to any liability as stockholder of such company ; but the person pledging such stock shall be considered as holding the same, and shall be liable as a stockholder accordingly ; and the estates and funds in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent...
Էջ 15 - ... to its former state, or to such state as not unnecessarily to have impaired its usefulness.
Էջ 23 - ... go to the informer, and the other half to the county ; and said corporation shall also be liable for all damages which shall be sustained by any person by reason of such neglect...
Էջ 53 - If any corporation formed under this act shall not, within five years after its articles of association are filed and recorded in the office of the Secretary of State, begin the construction of its road, and expend thereon ten per cent on the amount of its capital, or shall not finish its road and put it in operation in seven years from the time of filing its articles of association as aforesaid, its corporate existence and powers shall cease.
Էջ 59 - ... shall be liable to a penalty of two hundred and fifty dollars, which shall accrue to the United States and may be recovered in a civil action brought by the United States.
Էջ 5 - The stock of such company shall be deemed personal estate, and shall be transferable in such manner as shall be prescribed by the by-laws of the company ; but no shares shall be transferable until all previous calls thereon shall have been fully paid in, or shall have been declared forfeited for the non-payment of calls thereon.
Էջ 6 - ... but the person pledging such stock shall be considered as holding the same, and shall be liable as a stockholder accordingly, and the estates and funds in the hands of such executor, administrator, guardian, or trustee shall be liable, in like manner and to the same extent, as the testator or intestate, or the ward or person interested in such fund, would have been if he had been living and competent to act, and held the stock in his own name.

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