Report of the Hoosac Tunnel and Troy and Greenfield Railroad, by the Joint Standing Committee of 1866.Wentworth, Tappan
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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. The Troy and Greenfield Railroad Company is hereby authorized
to surrender to the slate, the property now mortgaged; but the right of
redemption shall not be barred until ten years have elapsed after said
road and tunnel are completed and the same open for use. The said
commissioners shall immediately, in the name of the Commonwealth, take
complete possession under the mortgages to the Commonwealth, given by
the Troy and Greenfield Railroad Company, of all property, rights and
interests intended to be conveyed by said mortgages, or either of them,
and then shall, without unnecessary delay, cause the said railroad to be
completed and put into running order, and supplied with suitable depots,
turn-tables and other usual and necessary appliances for the reception
of freight and passenger cars, from the eastern terminus of the Troy and
Greenfield Railroad to the Hoosac Tunnel.
SECT. 3. Said commissioners shall audit and allow all just claims for
labor, service, materials, land-damages incurred after April sixth,
eighteen hundred and sixty, and before July twelfth, eighteen hundred
and sixty-one, in carrying on the work of constructing the Troy and
Greenfield Railroad and Hoosac Tunnel, and may procure the release of
all attachments and discharge all liens on said materials. The accounts
thus audited shall be transmitted to the governor, and, if approved by
the governor and council, the governor is hereby directed to draw his
warrant upon the treasurer in favor of the claimants, for the amounts
thus allowed, to an amount not exceeding one hundred and seventy-five
thousand dollars.
SECT. 4. Said commissioners are hereby authorized, with consent of the
governor and council, to use or run that portion of said road east of
the Hoosac Mountain, or lease the same to the "Vermont and
Massachusetts," the "Fitchburg," the "Troy and Boston Railroad Company,"
or either of them, until the completion of the said tunnel.
SECT. 5. Said commissioners shall have authority, with the approval of
the governor and council, to continue the work on the Hoosac Tunnel, and
by contract or otherwise, to expedite the completion of said tunnel.
SECT. 6. All the net earnings and income derived from said railroad,
including the tunnel, shall be held by the Commonwealth in trust: first,
for the payment and reimbursement of the interest on all loans,
advancements and disbursements of the Commonwealth, on account of said
railroad or tunnel: second, for the payment and reimbursement to all
parties having a legal right thereto.
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