Journal of the Norwich and Worcester Railroad sinking fund, 1857-1877.

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Journal of the Norwich and Worcester Railroad sinking fund, 1857-1877.

Pursuant to St 1854, c 134, the state treasurer was authorized to issue scrip or certificates of debt to finance the extension of the state loan to the Norwich and Worcester Railroad Company and to establish and manage a sinking fund. The treasurer of the Norwich and Worcester Railroad was required to deposit $10,000 annually into the fund for future payments and redemption of the scrip issued. Journal is among the the main books of account by which expenditures and receipts of the fund were recorded and summarized.

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Related Entities

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Massachusetts. Treasury Dept.

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St 1890, c 428 enabled municipal officials or directors of railroad companies in Massachusetts to petition the Superior Court to abolish or alter railroad grade crossings; a court-appointed commission then made a decision to be confirmed by the court. The expenses for the work were shared between the railroad, to pay 65%, and the state and municipality, which divided the remainder according to the ruling, with the state to pay no more than 10%. The state treasurer was authorized to issue bonds a...

Norwich and Worcester Railroad Company

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Massachusetts. Treasury Office

http://n2t.net/ark:/99166/w6bs2qp8 (corporateBody)

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