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have been committed, and shall also be subject to indic!meni, and upon conviction of such offence shall be punished by hne and imprisonment, or either, at the discretion of the
may bo in
Sec. 15. The property of erery individual which may Stock liable be invested in said corporation shall be liable to be taken to be taken
for debr. in execution for the paymont of his or her debts in such manner as is or may be provided by law: Provided, that all debts due said company from such individual shall be first paid. Sec. 16. The debts and liabilities of said corporation shall
Liabilities not exceed in amount at any one time, fifty per cent. of its limited. capital actually paid in, and if debts and liabilities shall at any time be incurred to a greater amount than by this section provided for, the directors of said company shall be jointly and severally individually liable for such excess, in addition to their other liabilities in law and as provided for in this act. Sec. 17. The directors of said company may'at any an
How stock nual or special meeting of the stockholders, with the consent ercased. of a majority in amount of said stockholders, provide for such increase of the capital stoek of said company as may be found necessary to complete said road in such sections as may have been actually commenced, but remain in an unfinished state for want of means: Prorided, that the whole stock of said company shall not be so increased as lo exceed at any time four thousand dollars per mile for each mile of road.
Sec. 18. If said company shall misuse or abuse any of the Charter may privileges hereby granted, the legislature may resume all be resumed. and singular the rights and privileges rested in said company by this act, and may establish rules and regulations for the government of said company in relation to said road and the use of the same,
Sec, 19. That said company shall be liable for all injury or damage which any person may sustain in his person on Liability of
compar. property by reason of the said road being (out) of repair, or of any defect in said road.
Sec. 20. This act may be altered (or) amended by any future legislature of the territory or state of Wisconsin.
HORATIO N. WELLS,
President of the Council.
To incorporate the Milwaukee, Hustis' Ford.
and Beaver Dam Plank Road Company.
Be it enacted by the Council and House of Representatites of
the Territory of Wl'isconsin: Commission.
Section 1. That Harrison Luddington Increase A. Lapham, ers appointed. Cicero Comstock, Levi Blossom, John Hustis, Charles S
Bristol, George W. Green, Hiram Barber, Lucas S. l'an Orden, Patrick Toland, and Henry Shears, be, and they ar: hereby appointed commissioners under the direction of a ma. jority of whom subscriptions may be received to the capital
stock of the Milwaukee, Hustis' Ford, and Beaver Dam Plans Books opened Road Company, hereby incorporated; and they may cau:
books to be opened at such times and places as they shall di rect, for the purpose of receiving subscriptions to the capita' stock of said company, first giving thirty days' notice of e times and places of taking such subscriptions, by publishing the same in one or more newspapers printed in Milwauke county.
Sec. 2. The capital stock of said company shall be one Amount of
capital stock. hundred throusand dollars, in shares of ten dollars each; and 03 soon as one thousand shares of the capital stock shall be subscribed, and one dollar of each share actually paid in, the subscribers of such slock, with such other persons as shall as. sociate with them for that purpose, their successors and assigns, shall be, and they are hereby declared and created a body corporate and politic, by the name and style of “The Name and Milwaukee, Hụstis' Ford, and Beaver Dam Plank Road Com- style and
powers of pany," with perpelual succession; and by that name shall be corporation. capable in law of purchasing, holding, selling, leasing, and conveying estate, real, personal or mixed; and in their corporate name may-sue and be sued, may have a common seal, which they may alter or renew at pleasure, and generally may do all and singular the matters and things wbich are authorized by law for the inlerest and well being of said company.
Sec. 3. The said commissioners, or å majority of them, after the said one thousand shares of stock shall have been missioners le.
Duty of cor. subscribed as aforesaid, shall give at least twenty days' notice fore election
. in the newspapers hereinbefore mentioned, of the time and place of a meeting of the stockholders for the purpose of electa ing seven directors, į and annually thereafet, the said stock holders shall meet on the first Monday in July, for the purpose
of electing directors as aforesaid, upon a like previous notice : 10 be given by a majority of the directors for the time being, in
such newspapers as they may think proper: Provided, that previous to the first election, the commissioners hereinbe. fore named shall elect one of their number president, and they shall perform all the duties, and be invested with all the powers of directors: Prorided further, that if from any cause an election shall not be held at the regular time specified there. for, the same may be held at any other time on norice as aforesaid, that until such election, the directors of the preceding year shall continue to act, and this charter shall not be avoided by reason of any irregularity or want of such election; and in case of any vaca
cancy in the board of directors, the
same shall be filled by the other directors or a majority of
- - l; ; ; agreements with any person or persons or body politic whatso
ever, as the execution and management of the works and the
convenience and interests of the company may require, and in
general to superintend and direct all the operations, receipts, 09:
disbursements, and other proceedings of the company. The
Sec. 6. The said company shall have power to locate and Route of construct a single or double track plank road, from such road. eligible point in ine city of Milwaukee, and passing through . the town of Hustis Ford, to such eligible point in the town or village of Beaver Dam, in Dodge county, as shall be determined upon by a vole of the stockholders having a major. ity of the stock of said company, and who shall be represented in person or by proxy at a special meeting called for the purpose of fixing the location or lermination of said road; and, shey shall have power to erect all such to!l-houses, bridges, and other works and appendages as may be necessary for the convenience of said company in the use of said road, and also to connect the said road with other plank roads in the territory or state of Wisconsin; and 10 unite and consolidate stock with any such plank road company. The track of said road shill be constructed of plank, stone, gravel, or charcoal, in whole or in part, at the option of the directors, so that the saine shall constituie a firm and smovih surface, for the passage of wag, ons and carriages. The directors shall exercise all powers conferred on them by law; shall audit and pay all accounts against said company; fix the compensation and salary of the officers they may appoint; and meet at such times and places as they inay prescribe in the bye-laws to be enacted by them. They may appoint and remove all officers at pleasare; prescribe the meeting of the stockholders, and declaro and pay the dividends, or so much of the surplus profils of the company, as they shall dcem advisable, which inay 10! erue on the shares of said stock to the stockholders of said company, on the first Monday of July and January of each'
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