 The 47th Maine Legislature soon passed a bill to charter the Belfast and Moosehead Lake Railroad Company, which was signed by Governor Joshua L. Chamberlain on February 28, 1867.On April 6, 1867, and March 28, 1868, the people of Belfast voted by margins of 865-27 and 854–50, respectively, to authorize the city to issue 30-year, 6-percent bonds to finance their purchase of B&MLRR stock.The bond money bought a total of 5,004 shares of preferred (1,400) and non-preferred (3,604) stock at $100 per share.