(1) The tracks upon said Slade's Ferry bridge shall be divided into three spaces or blocks, the westerly, that between the shore and the easterly end of the draw span; the middle, that between the latter point and the end of the second span easterly thereof; and the easterly, that from the latter point to the Fall River end of the bridge, these spaces or blocks to be indicated by suitable signs attached to the bridge structure, and that regulations shall be issued providing that but one passenger car, or one freight motor car with trailer, is at any one time to be within either of the spaces or blocks, and that no car shall enter a space or block until any preceding car has passed out of it. (2) The speed of express cars is not to exceed four miles per hour.

(3) Express cars are not to be allowed on the bridge at the same time with the New York, New Haven and Hartford Railroad Company's steam locomotive and freight cars.

(4) Proper steps shall be taken to see that no express car enters upon the draw span at the time when an auto truck weighing more than 13 tons is upon said span.

Attest: ANDREW A. HIGHLANDS,

NOVEMBER 23, 1918.

[P. S. C. 1532]

Secretary.

CAPITAL STOCK AND BONDS.

Petition of the Boston, Quincy and Fall River Bicycle Railway Company for approval of issue of capital stock.

The Boston, Quincy and Fall River Bicycle Railway Company was incorporated by chapter 527 of the Acts of 1897, and its charter has been revived by chapter 150 of the Acts of 1900, chapter 111 of the Acts of 1901, chapter 556 of the Acts of 1907, chapter 707 of the Acts of 1912, chapter 279 of the Acts of 1915, and chapter 153 of the Special Acts of 1918.

On this petition a hearing was given, which was continued to a date to be fixed, and the matter has since been the subject of careful inquiry and consideration. Many months ago a verbal request was made that the petitioner submit for examination by the Commission the original records showing the organization of the company. The petitioner was also requested to submit for examination the patents under which it was proposed to build the Boston, Quincy and Fall River bicycle railway. There has been no compliance with either request.

In response to inquiries of the Commission, the Commissioner of Corporations has certified that the Boston, Quincy and Fall River Bicycle Railway Company has never filed any certificate of any kind relating to its organization in his office, and the Secretary of the Commonwealth has certified that he fails to find, upon a careful search in the records of his office, that said corporation has filed the certificate required by section 12 of chapter 109 of the Revised Laws (now section 12 of chapter 437 of the Acts of 1903) pertaining to the formal organization thereof.

It therefore appearing that the petitioner has failed to complete its organization and would consequently be disqualified from proceeding to issue capital stock at this time, were there favorable action on its petition, and in view of its failure to furnish evidence in the case as requested, it is hereby

Ordered, That the petition be dismissed without prejudice.

For the Commission,

ANDREW A. HIGHLANDS,

NOVEMBER 22, 1918.

[P.S. C. 1413]

Secretary.

Petition of the Boston and Providence Railroad Corporation for approval of an issue of debenture bonds.

This is a petition of the Boston and Providence Railroad Corporation for approval of an issue of debenture bonds to an amount not exceeding two million one hundred seventy thousand dollars ($2,170,000), payable five (5) years from the date thereof and to bear interest at a rate not exceeding seven per cent (7%) per annum, the proceeds to be used for the purpose of providing payment for a like amount of bonds of the petitioner which become due July 1, 1918.

It appearing, after notice and hearing and further investigation, that the proposed issue of debenture bonds is for a lawful purpose and is consistent with the public interest, —

It is

Ordered, That the approval of the Commission be hereby given to the issue by the Boston and Providence Railroad Corporation of debenture bonds to an amount not exceeding at par value two million one hundred seventy thousand dollars ($2,170,000), said bonds to be payable not exceeding five (5) years from date thereof and to bear interest at a rate not exceeding seven per cent (7%) per annum, as an issue of bonds reasonably necessary and of an amount required for the purpose of refunding outstanding bonds of the said Boston and Providence Railroad Corporation to the amount of two million one hundred and seventy thousand dollars ($2,170,000), which become due July 1, 1918.

Any excess in the proceeds of this issue of bonds over the amount above named, which may be realized from premiums, shall be held for such application to the cost of permanent additions to and improvements upon the property of the petitioner as the Commission shall hereafter approve.

Attest:

MARCH 12, 1918.

ANDREW A. HIGHLANDS,

[P. S. C. 2063]

Secretary.

Petition of the Boston and Worcester Street Railway Company for approval of extension for a term of three years of the maturity of an issue of certain first mortgage bonds of the Framingham, Southborough and Marlborough Street Railway Company at an increased rate of interest.

On December 12, 1898, the Board of Railroad Commissioners approved, for necessary and lawful purposes, and as reasonably

requisite therefor, an issue by the Framingham, Southborough and Marlborough Street Railway Company of coupon or registered bonds, to an amount not to exceed $60,000, par value, payable at periods not to exceed 20 years from the date thereof, bearing interest at the rate of 5% per annum, and secured by a mortgage of the railway, equipment, franchises and other property, real and personal, of the said company. The said bonds. to the aggregate principal amount of $60,000 have been issued accordingly and are now outstanding and will mature January 1, 1919.

On February 1, 1904, the Board of Railroad Commissioners approved the terms of a contract of purchase and sale under which the property and franchises of the Framingham, Southborough and Marlborough Street Railway Company were conveyed to the Boston and Worcester Street Railway Company, under and by which the latter company assumed and agreed to pay all the outstanding debts and obligations of the Framingham, Southborough and Marlborough Street Railway Company, including the bonds above described.

It now appearing that owing to existing financial conditions, it is inexpedient, if not impossible, for the petitioner to issue and market new bonds or other securities at a reasonable rate of interest for the purpose of retiring or refunding said bonds, and that it is necessary and advisable for the petitioner to extend the maturity and to increase the rate of interest upon said bonds as extended in order to secure the consent of the holders of the bonds to such extension,

It is

Ordered, That the approval of the Commission be hereby given to the extension of the maturity of the issue of bonds of the Framingham, Southborough and Marlborough Street Railway Company, amounting to sixty thousand dollars ($60,000), assumed by the Boston and Worcester Street Railway Company and specified in the above-named orders of the Board of Railroad Commissioners, for a period not exceeding three years from January 1, 1919; and to the increase in the rate of interest upon the same to an amount not exceeding seven per cent (7%) per annum, subject to the terms and conditions of the proposed supplemental mortgage indenture to be made between the Boston and Worcester Street Railway Company and the American Trust Company, as trustee, a copy of which is on file with this Commission; and the orders of the Board of Railroad Com

missioners herein before specified, made under dates of December 12, 1898, and February 1, 1904, are hereby supplemented and amended accordingly.

Attest:

ANDREW A. HIGHLANDS,

Secretary.

DECEMBER 30, 1918. [P. S. C. 2340, R.R. C. 1878, 5413]

Petition of the Massachusetts Northeastern Street Railway Company for approval of an issue of bonds.

This is a petition from the Massachusetts Northeastern Street Railway Company for approval of an issue of first and refunding mortgage five per cent gold bonds, to be dated July 1, 1914, for the purpose of funding its floating indebtedness, providing means for the construction and equipment of its property and for the purchase of such real and personal estate as may be necessary or convenient for the operation of its railway.

The schedule presented by the company shows that fifty thousand five hundred eight dollars and thirty-nine cents. ($50,508.39) has already been expended and that one hundred twenty-nine thousand five hundred forty-four dollars and sixty cents ($129,544.60) is to be expended, making a total amount of one hundred eighty thousand fifty-two dollars and ninetynine cents ($180,052.99).

It appearing, after notice and hearing and full investigation by the engineering and accounting departments of the Commission that the schedule shows additions and betterments in the property of the petitioner to the amount of one hundred sixtyfive thousand eight hundred thirty-nine dollars and fifty-six cents ($165,839.56) from which the amount of sixty-four thousand nine hundred twenty-eight dollars and seventy-three cents ($64,928.73), on account of fire at the Merrimac car barn, is to be deducted, leaving the amount of one hundred thousand nine hundred sixty-six dollars and eighty-three cents ($100,966.83) for which no capital stock or bonds have been issued, and that the proposed issue of bonds is for a lawful purpose and of an amount reasonably necessary for such purpose,

It is

Ordered, That the approval of the Commission be hereby given to the issue by the Massachusetts Northeastern Street Railway Company of first and refunding mortgage five per cent (5%) gold bonds to an amount not exceeding at par value one