Report of the Hoosac Tunnel and Troy and Greenfield Railroad, by the Joint Standing Committee of 1866.Wentworth, Tappan
History
Report of the Hoosac Tunnel and Troy and Greenfield Railroad, by the Joint Standing Committee of 1866.
Wentworth, Tappan
Hoosac Tunnel (Mass.); Railroad tunnels -- Massachusetts; Troy and Greenfield Railroad Company
SECT. 2. No further deliveries of scrip shall be made to said company
upon the conditions authorized in former acts, but the undelivered
portions of the loan of two millions of dollars authorized by chapter
two hundred and twenty-six of the acts of eighteen hundred and
fifty-four, amounting to one million seven hundred and seventy thousand
dollars, shall be divided and apportioned between the railroad and
tunnel, and for the construction of each, respectively; six hundred and
fifty thousand dollars for the completion of the unfinished portion of
railroad extending from the eastern terminus of said road near
Greenfield to within half a mile of the eastern-end of Hoosac Tunnel,
and one million one hundred and twenty thousand dollars for the
completion of the tunnel, which shall be delivered upon the conditions
and in the manner hereinafter declared, subject however to the
provisions of the third section of chapter one hundred and seventeen of
the acts of eighteen hundred and fifty-nine.
No delivery of any portion of said scrip shall be made until said
company shall, at a special meeting duly authorized for the purpose,
have assented to the provisions of this act, nor until said company
shall have duly made and located their line of road as aforesaid, and
shall have executed to the Commonwealth such further bond and mortgage,
or other assurances of title on their franchise, railroad, or other
property, as the attorney-general shall prescribe, for the further
security of the Commonwealth; and said bond and mortgage, and other
assurances, and all bonds, mortgages, or other assurances heretofore
made to the Commonwealth by said company, shall have priority to and be
preferred before any and all attachments or levies on execution
heretofore or hereafter made.
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