Page:United States Statutes at Large Volume 25.djvu/608

 562 FIFTIETH CONGRESS. Sess. I. Ch. 1196. 1888. road so as to conform to such grade as may have been thus estab- ` lished at its own ex ense. remission to dis Sec. 6. That it shldll be lawful for said corporation, its successors “*‘°°“’ °°°‘ or assigns, with the approval of the Commissioners of the District of Columbia. to make alll needful and convement trenches and excavations and sewer connections, in any of said streets or places where said cor oration may have the rig t to construct an operate its road, and) place in such trenches and excavations all needful and con- · “ venient devices and machinery for operating said railroad in the manner and by the means aforesaid; and said sewer connections shall have such traps or other devices as may be recpuired by the Commissioners of the District of Columbia; it shall a so be lawful for said corporation, its successors or assigns, to erect and maintain, at such convenient and suitable points alon its lines as may seem most desirable to the board of directors of idie said corporation, subject to Enzim ¤¤¤¤¢·¢*·¤- the approval of the Commissioners of the District, an engine house or houses, boiler house or houses, and all other buildings necessary for the successful operations of an electric or ca.ble—motor railroad. u¤x1mum¤1>¤¤¤· Sec. 7. That it shall not be lawful for said corporation, its succes~ sors or assigns, to propel its cars over said railroad, or any dpart thereof, at a rate of speed exceeding fifteen miles per hour ; an for each violation of this provision said corporation, its successors or assigns, as the case may be, shall be subject to a penalty of fifty dollars, to be recovered in any court of competent juris iction at the suit of the Commissioners of the District of Columbia. · commencement Sec. 8. That the said railway shall be commenced within three '“"’ °°‘“P'°“°”· months and completed to Bldg twood within twelve months from the passage of this act; and the entire line to be completed in two years from the passage of this act. capiwmvck- Sec. 9. That the capital stock of said company shall not exceed, if horse power is to be used, sixty thousand do lars, If electric motor power is to be used, the capital stock shall not exceed one hundred and two thousand dollars. If propelled by cable, the capital stock shall not exceed two hundred and four thousand dollars; that the stock shall be divided into shares of fifty dollars each, transferable in such manner as the bylaws of said company may direct; and said Payments. company shall require the subscribers to the capital stock to pay in cash the amount by them respectively subscribed, at such times (after the first installment) and in such amounts as the board of directors may deem proper and necessary in the construction of said road; ruin-e m pay as an if any stockholder shall refuse or neglect to pay any installment, ’°“°'“°°‘* as required by a resolution of the board of directors, after reasonable notice of the same, the said board of directors may sell at public . auction, to the highest bidder, so many shares of his said stock as shall pay said installment: and the person who offers to purchase the least number of shares for the assessment due shall be taken as the highest bidder, and the sale shall be conducted under such general regulations as may be made in the by-laws of said com ny ; but no stock shall be sole for less than the total assessments dliib and payable, or said corporation may sue and collect the same from any delinquent subscriber, 1u any court of competent jurisdiction. Equipment. Sno: 10. That the company shall place cars of the best construction on said railway, with all modern improvements necessary to the convenience and comfort of passengers, and shall run cars thereon as often as the (public convenience may require, in accordance with a table_or sche ule fixed by the company. a copy of which shall be filed wligi tgp Commissioners of the District of Columbia and approve y em. smps, depots, em. S20. 11. That the company shall buy, lease, or construct such passenger-rpoms, ticket-offices, gvorkshops, depots, lands, and buildings as may e necessary a suc oints on its line by the Commissioners of the District, as may be approved O