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Rate of tolls
said lands and materials as fully and absolutely as if the same
Sec. 9. The said company may construct the said rail road across Road may cross or upon any public road, highway, stream of water or water streams or pub
course, if the same shall be necessary, but the said company shall
Sec. 10. That said company may demand and receive for tolls
Sec. 11. That all persons paying the toll aforesaid, may with Oarriages travel
suitable and proper carriages, use and travel upon the said road, ing on road. always subject however, to such rules and regulations as said
company are authorized to make by the seventh section of this
Sec. 12. Said company shall commence the road within four commenced and years, and complete the same in ten years, otherwise this charter sompleted.
shall be null and void.
Sec. 13. That so soon as the amount of tolls accruing and received for the use of said road, or part thereof according to the provisions of this act, shall exceed five per centum, on the amount of said capital stock paid in, after deducting therefrom the expenses and liabilities of said company, the directors of said
company shall make a dividend of such nett profits among the
contingent or accumulating fund exceeding one per centum of the
months. lajarles to road
Sec. 14. That if any person or person's shall wilfully obstruct how punished. or in any way spoil, injure or destroy said road, or any thing
Road when to be
belonging or incident thereof (thereto) or any materials to be used in the construction thereof; or any building fixtures, or carriages erected or constructed for the use or convenience thereof, such person or persons shall each be liable for every such offence to trebie the damages sustained thereby, to be recovered by action of debt in any Court having jurisdiction of the amount.
Sec. 15. That whenever it shall become necessors in the li calion When road pass. or construction of said road, to pass through the land of any of individuals, individual, it shall be the duty of said company to provide for said proper was oo individual, proper wagon ways. It shall be liable 10 such indi- siructed. vidval in double the amount of damages occasioned by such neglect. Sec. 16. That the Territory or future State of Wisconsin, as
Territory or the case may be, shall have power at any time to purchase the state ina, pur. stock and road of said company for the use of the Territory or State, at a price not exceeding the original cost, for construction, repairs and fixtures of said railroad, and seven per cent thereon, of which cost an accurate account shall be kept and submitted to the Legislature, duly attested on the oath of the officers of said company whenever the Legislature shall demand the same.
Approved, March 6th, 1839.
AN ACT to incorporate the Union Mining Company.
SECTION 1. Be it enacted by the Council and House of Representatives of the Territory of Wisconsin, That John W.Blackstone, William S. Derring, and Samuel H. Scales, and such other persons as they may associate with them, be and they are hereby declared to be a body corporate, for the term of thirty years, by the name and Duration, etyle
and powers of style of the Union Mining Company, and by that name shall be company. capable of suing and being sued, of pleading and being impleaded, of defending and being defended, in all courts and places whatsoover, and may have a common seal, and may change the same at pleasure.
Sec.2 The lead lands at present owned by the said John W. Blackstone, William S. Derring, and Samuel H. Scales, together with those of such other persons as may be associated with them : Provided, said lands do not exceed two thousand acres, may be
Business to bc managed by 7 directors.
Term of office.
deneral powers of directors.
divided into stock of not more than three thousand shares of one Capital stock.
hundred dollars each.
Sec. 3. The business of said company shall be managed by seven directors, one of whom shall be chosen president, by the directors, who shall be annually elected, on the first day of July, by the stockholders, who may vote in person or by proxy, and each share shall be entitled to one vote. The said directors shall hold their offices for one year or until others are elected: Provided, that no person shall be a director of said company, or hold such office
of director, unless he be a stockholder in said company. Operations of
Sec. 4. The operations of said company shall be confined to company limited. townships number one (1) north, in ranges numbered one (1) and two (2) east of the fourth principal meridian, in Iowa county,
and Territory of Wisconsin.
Sec. 5. The president and directors of the said company, shall Treasurer, Sec retary and sub- have power to appoint a treasurer and secretary, to hold their offices how appointed. during their pleasure, and all such subordinate officers as they may Their compen; deem expedient, and the duties and compensation of all such
officers, shall be determined by the president and directors.
Sec. 6. The president and directors shall have power to transact all business of the company, by themselves or their agents, and shall with a majority of the shareholders, have power to make such by-laws, rules, and regulations, for the government of the said company, as they may deem proper: Provided, such by-laws, rules, and regulations, are not inconsistent with the constitution and laws of the United States or of this Territory.
Sec. 7. The shares of the said company shall be personal property, Shares transfer. and shall be transferable in such manner as the by-laws shall
prescribe, and shall be liable to taxation to the same extent, and no greater, as other property is or may be, and may be taken in execution in the same manner as other personal property, and it shall be competent for the Legislature to prescribe the manner in which execution shall be levied thereon.
Sec. 8. The Legislature or either branch thereof, may at any Powers reserved time examine the affairs of said corporation by a committee or to the legislature.
otherwise, and shall have power to alter or repeal this charter at pleasure, Provided, thal no repeal shall take place unless It shall appear to the Legislature that this charter has been violated, and that notice shall be given to some officer of said corporation before
any repeal shall take place. No banking priv.
Sec. 9. This act shall not be construed so as to confer any Banking privileges,
able and liable to taxation.
of real estate.
Bec. 10. The company shall be capable of purchasing, holding and conveying real estate, Prorided, the real estate shall not of the parchen exceed iwo thousand acres, and shall have actually had discorered Thereon, lead ore; and all deeds and conveyances, executed ny the President in the name of the company, shall be sufficient in law lo convey the title of the company to the lands il.erein described.
This act shall take effect from and after its passage.
AN ACT to incorporate the Gratiot Crore Mining Company.
SECTION 1. Be it enacted by the Council and Tlouse of Repre sentatives of the Territory of Wisconsin, That Jno. P. B. Gratiot Dan. Argent, Fortunatus Berry and C. II. Gratiot and such other persons as they may associate with them, be and they are hereby
Duration, stylo declared to be a body corporate and politic for the term of twenty- and powers of five years, by the name and style of the Ciratiot's Grove mining company. company, and by this title shall be capable of sueing and being sued, of pleading and being impleaded, of defending and being defended in all courts and places whatsoever, and may bave a common seal and may change the same at pleasnre. Sec. 2. The capital stock of said company shall be one hundred
Capital stock thousand dollars to be divided into one thousand shares of one hundred dollars each, providing nevertheless that the stockholders of said company at a general ineeting, and by a vote representing in its majority at least two thirds of the stock subscribed to said company, may and are hereby empowered to increase the capital Ilow lacreased. stock of said company to two hundred thousand dollars, divided in the same manner as before, into shares of one hundred dollars each, and the said company shall be authorized to purchase, hold and convey any lands in the county of Iowa, for the purpose of conducting their mining and smelting operations, provided they shall not hold or possess during the continuance of this charter more than eight hundred acres of land, and also that said operation Not to hold more
than 800 acres of of mining and smelting shall be confined to the limits of the
land present county of Iowa, and all deeds executed by the president in the name of said company, or to said company by their corporale Dame shall be sufficient in law, to convey the title to the lands therein described.
Sec. 3. The stockholders or a majority of them shall. elect five Dinctors and directors by ballot, one of whom shall be elected by them president, prosident louw elected. and in said election and on any occasion wherein a vote of stock
holders is to be taken, any share sliall entitle the holder thereof to one vote, and every stockholder may, vote bimself or by proxy,
Provided, the proxy be derived directly from each stockolder. Daries of prooi: The president shall preside at all meetings of said corporation, dant
and of the directors, and when presiding cr an equal division of the members present, at any meeting of said association or of the directors, shall have the casting vote, and in case of absence, the directors or a majority of them may appoint a president pro. tem. to preside at such meeting, and to do all other acts that the president might have or could do.
Sec. 4. The business of said company shall be managed and Business to bo managed by 5 conducted by five directors, to be elected annually as hereinbefore directors.
stated, on such days as may be fixed upon by their by-laws, who To be elected shall hold their office one year, and until others are elected, aanually.
Provided, always that no persons shall be elected as directors of said company, or hold such office of director except he be a
stockholder in said company, and if any vacancy shall occur by Vacancies how death, resignation or otherwise, of any president or director before
for which he was elected has expired, a person to fill such vacancy for the residue of the year, may be appointed by the directors, or a majority of them.
Sec. 5. The president and directors of the company shall have Troarrer and other oficers power to appoint a Treasurer and such other officers and agents, as low appointed.
may be deemed necessary, to remove them at pleasure, to prescribe their duties and to allow them such compensation and salaries as
to them shall seem meet. General powers
Sec. 6. The president and directors shall have power to transact of directors all the business of the company to wit: That of mining and
smelting and every thing connected therewith by themselves or their agents, and also to make and prescribe such by-laws, rules and regulations as to them shall appear needsul and proper, touching the management and disposition of the properly, estate and effects of said company, as also for its government, Provided, such bylaws, rules and regulations are not inconsistent with ihe constitution and laws of the United States and of this Territory,
Sec. 7. The shares of said company shall be personal property Shares transfer. and shall be transferable in such manner as shall be prescribed by
the by-laws of said company, and shall be liable to execution to the same extent and no greater, than other property, and may
be taken on execution in the same manner as other personal property
eblo and liable to turation.