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Stock liable to

execution.

Public act.

Repealing clause.

the name of the said company by an action of debt in any court having competent jurisdiction in the county wherein the offence shall be committed, and shall also be subject to an indictment, and upon conviction of such offence shall be punished by fine and imprisonment at the discretion of the court.

SECTION 16. The property of every individual invested in said corporation, shall be liable to be taken in execution for the payment of his or her debts, in such manner as is or may be prescribed by law: proided, that all debts due said company shall be paid first.

SECTION 17. This act shall be favorably construed to effect the purposes thereby intended, and the same is hereby declared to be a public act, and copies thereof to be printed by the territory shall be received as evidence thereof.

SECTION 18. This act to be in force from and af ter its passage, and all acts and parts of acts contravening the provisions of this act are hereby repealed. Approved January 11, 1838.

the company.

No. 31.

AN ACT to incorporate the Racine seminary.

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SECTION 1. Be it enacted by the council and house of representatives of the territory of Wisconsin, That there shall be established at Racine, in Racine county, territory of Wisconsin, a seminary of learning for the instruction of young persons of either sex, in science Name, duration and literature, to be called "the Racine seminary; and powers of and that Elias Smith, Bushnell B. Cary, Lorenzo Janes, Alfred Carey, Amaziah Stebbins, John M. Myers, Consider Heath, Edmund Weed, Marshall M. Strong, Henry F. Cox, jr., Gilbert Knapp, Albert G. Knight, William A. Waterman, Jonathan M. Snow, Paul Kingston, Isaac Harmon, Norman Clarke, Alonson Tyler, Stephen Ives, William H. Chamberlin, Joel Sage, Eugene Gellespie, William Saltonstall, Enoch Thompson, and their associates, be and they are hereby created a body corporate and politic, by the name

and style of "the Racine seminary;" by which name they shall have perpetual succession and power to acquire, purchase, receive, possess, hold, retain and enjoy to themselves and their successors property, real personal and mixed, and the same to sell, grant, convey, rent or otherwise dispose of at pleasure. And they shall, by said corporate name, have power to contract and be contracted with, sue and be sued, plead and be impleaded in all courts of justice; and they shall have and use a common seal, with power to alter the same as they may deem expedient.

SECTION 2. That the stock of said academy shall Capital stock consist of shares of ten dollars each, which shall be deemed personal property, and shall be transferable on the books of said corporation in such manner as may be prescribed by the board of trustees hereinafter mentioned provided, that the annual income of said corporation, aside from the bills of tuition, shall never exceed the sum of three thousand dollars, and that its funds, privileges and immunities shall be used for no other purpose than that of education.

managed by

SECTION 3. The corporate concerns of said semi- Concerns of the nary shall be managed by a board of trustees consist- company to be ing of seven members, any five of whom shall consti- trustees. tute a quorum for the transaction of business. They shall be elected by the stockholders on the first Monday of April annually, and shall hold their office for the term of one year, and until their successors are

elected. The election of trustees shall be by ballot, How elected. and each stockholder shall be entitled to one vote for every share by him owned to the amount of ten shares and then to one vote for every five shares over and above that amount. Any stockholder may vote in person or by proxy. Said trustees shall elect one of their number to be president of their board, and they shall have power to fill all vacancies in their own body. If any election shall not be made on the day designated by this act, such election may be held on any other day provided, a notice of the time and place of holding such election signed by three of the stockholders, be first published for two successive weeks in some newspaper printed in said town of Racine, or some adjoining county.

SECTION 4. The board of trustees shall have pow- Powers of the er to appoint subordinate officers and agents, to make trustees.

Mode of executing conveyan

ces.

ordain and establish all such ordinances, by-laws, rules and regulations as they may deem necessary, for the good government of said seminary, its officers and servants, teachers and pupils; and for the management of the property and affairs of the said corporation to the best advantage: provided, they shall not contravene the constitution or laws of the United States or the laws of this territory.

SECTION 5. That all deeds or other instruments of conveyance shall be made by the order of the trus tees, sealed with the seal of the said corporation,signed by the president, and by him acknowledged in his official capacity, in order to insure their validity. SECTION 6. That any future legislature shall have power to alter or amend this act.

Approved Jan. 11, 1838.

Rates of toll.

No. 32.

AN ACT to authorize John Dowling and James Sprould to erect a toll bridge across the Pekatoneka river.

SECTION 1. Be it enacted by the council and house of representatives of the territory of Wisconsin, That John Dowling and James Sprould, be, and they are hereby authorized to build a toll bridge on the west branch of the Pekatoneka river, in the county of Iowa, in said territory, to be erected at or near said Dowling and Sprould's furnace: provided, that the said Dowling and Sprould make or cause to be made good macadamized roads across the flats or low ground on each side of the said stream, not less than two rods wide.

SECTION 2. That said Dowling and Sprould be au thorized to demand and receive the following sums for toll from persons crossing over said bridge, to wit: For each wagon with four horses or oxen, twenty-five cents. Each wagon with two horses or oxen, eighteen cents; each additional pair of horses or oxen, six cents. For each man and horse, twelve and one-half cents; and for each head of loose cattle or horses, three cents.

SECTION 3. That the privileges hereby granted

shall not be construed as to prevent any other person or persons from erecting bridges over said stream any where in the same vicinity.

SECTION 4. That the privileges hereby granted shall continue and be in force for the term of ten years and no longer.

Approved Jan. 11, 1838.

No. 33.

AN ACT to amend an act entitled "an act to incorporate the Fox

river hydraulic company."

increased to

SECTION 1. Be it enacted by the council and house of Stock may be representatives of the territory of Wisconsin, That the $500,000. capital stock of said company may at any time be increased to five hundred thousand dollars, at any meeting of the stockholders called for that purpose-twenty days notice thereof to be previously given: provided, that it shall be optional for any stockholder to take or not any additional shares of stock. And if he shall neglect or refuse within ten days after the vote of increase, to take the shares to which he would be entitled in such increased stock, the same shall be sold at public auction by the directors for the benefit of the company.

SECTION 2. The directors shall have full power to Powers of ditransact all business of the company; to audit all ac. rectors. counts to give and receive all evidence of debt, as they may deem advisable for the interest of the company; all accounts to be certified by one of their body under such name and style as they shall direct. And said directors shall make half yearly dividends of so much of the profits as they may deem advisable for the interest of said company.

SECTION 3. So much of the act to which this is Repealing amendatory as contravenes any of the provisions of clause. this act is hereby repealed.

Approved January 11, 1838.

TER. LAWS-14

Location.

Commissioners.

No. 34.

AN ACT to locate and establish the seat of justice of Jefferson county in this territory.

SECTION 1. Be it enacted by the council and house of representatives of the territory of Wisconsin, That from and after the passage of this act the seat of justice of Jefferson county, in this territory, be and the same is hereby permanently located on the north-east quarter of section eleven, in township six north, of range fourteen east.

SECTION 2. That Benona W. Finch, Robert Masters and George J. Goodhue, of said county, be and the same are hereby appointed commissioners to carry into effect the law of the congress of the United States entitled "an act granting to the counties or parishes of each state and territory of the United States, in which the public lands are situated the right of preemptions to quarter sections of land for seats of jus tice within the same," and approved the 26th of May, Must enter the 1824. And it shall be the duty of the before named commissioners, on or before the first day of May next, to apply for the said land at the land office in Milwaukee, and tender the money for the same and receive the usual vouchers in the name of said county, to be used for aiding and assisting said county in building the necessary public buildings, after deducting the amount of money paid for said land.

land.

And cause the

out.

SECTION 3. And it shall be the further duty of same to be laid said commissioners, after receiving the title for said land forthwith to cause the same to be laid off into town lots, streets and alleys, according to such plan as the said commissioners or a majority of them may direct, and have the same platted and recorded according to law by the name of

Sale thereof.

SECTION 4. After having the same laid off and recorded, agreeably to the foregoing provisions of this act, the said commissioners shall proceed to sell, either at public or private sale, a sufficient number of lots to pay the purchase money, surveying, recording and other necessary expenses: provided, that the lots so sold shall be distributed equally over said plat so that not more than four lots shall be sold lying together and adjoining each other.

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