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House. Comm. on Railways and Canals. Act to establish the Boston and Lowell Rail Road Corporation, 1830
House No. 5 An Act to establish the Boston and Lowell Railroad Corporation, 1830. Seven men were allowed the usual corporate privileges and
responsibilities to locate, construct, and operate a railroad from Boston to Lowell, Massachusetts. The usual taking and damage rules applied. The capital
stock was one thousand shares, the treasurer was bonded for $20,000, and shares could be assessed no more than $500. Toll was granted on passengers
and property. If, after four years, the line was realizing more than 10% of its build cost each year, the state could alter the tolls. The railroad
should try to raise or lower crossings to avoid interfering with local traffic. The company had five years to build the railroad. There were to be no
other railroads in the vicinity for forty years and the Commonwealth could buy the railroad after ten years. (Digitized from a microfilm copy of title
originally held by the Massachusetts State Library).
Title:   An act to establish the Boston and Lowell Rail Road Corporation.
OCLC Number:   1388371672
Available Volumes
NameFiche CountOnlinePaper Backup
Vol. 1YesNo