The instrument's own words
page 1
424
Resolved That Constantine Delano Esqr a President of this Company be &
he hereby is Constituted and appointed Agent and Attorney of said Company
with full powers and unlimited Authority to borrow for the Corporation
from any person or persons Corporation or Corporations such loan or
sums of Money as may appear to him to be requisite to discharge the bonds
Debt of the Company and to complete the road Not Exceeding Five
Hundred Thousand Dollars $500,000 in Amount and for that Purpose
to convey to the Lender the assignment of the same as well as the right
of issuing to the Lender the equipment of the same as well as the right
of payment of loans previous Loans made to said Corporation and now re-
maining unpaid to said Grant Delano Bellan etc or to mortgage &
convey without limit to said Lender and Assigns the Lands and Permanents, Queston
Chattels Rights all privilege of the said Corporation or any part there-
of or other in the State of Rhode Island or Connecticut or elsewhere
for such time or times and upon such Conditions and Covenants as to said
Agent may seem Advisable and may be Agreed between him and the
Lender and for the purpose of Carrying the foregoing Powers into effect
to Execute Deeds etc and affix the Seal of the Corporation Thereon and
witnesses our said Attorney shall do in the Premises what shall be
deemed and taken to all intents and purposes to be the act and Deed of the
Corporation and that the President the Agent of the Company for aforesaid
Cause to borrow the Bonds of said Company in Amount not exceeding Five
Hundred Thousand Dollars $500,000 to be Signed by the Treasurer and
Clerk of the Company and Sealed with the Company's Seal Forperpetual
use from the first day of March A.D. 1888 with Interest at 5 per cent
per Annum in such form and manner and on such terms and Conditions
as the President may deem proper the payment thereof to be secured
on the Property of said Company but subject to the Mortgage of $50,000
already given on said Rail Road.
L.S. Josiah L. Magee, Chairman
Recorded May 22
A.D. 1888 by
S. Stanton T. Clerk
I Certify the above and foregoing is a true Copy of an Original
Resolution adopted at a meeting of the Stockholders of the Narr-
agansett Branch Rail Road Compy held at Providence R.I. on the 22nd day of March 1888 and M
The Seal hereunto Annexed is the seal of said Company.
Ja. R. Linton.
Secretary to said Meeting and Company
The page as recorded
