Du Buque visitor. [volume] (Dubuque, Lead Mines, Wisconsin Territory) 1836-1837, 1837-01-18

o 00So0e0IS WuO IN t4ue 1uDe0ES II H.
President may appoint ! President
mo tenn. The said dixeetoss shall
appoins Secretary, Treasurer, and
saeh engineers and other officers IS they
NAV end necessary, shall az their COM
pensztion and may demand adequate
security for the performance Of their
respective trusts. They shall have full
p,ower to ascertain and decide the time
and manner and proportions in which
tie said stockholders shall pay the
money due on their respective shares,
and to forfeit, to the use Of the compa-
ny the share or shares Of every person
Or persons failing 70 pay any install
ments 80 required, 1t reasonable Pc
Rod, mol less IMAM thirty days after the
time by them appointed. for the pay
ment thereof; TO regulate tolls, 70 make
such covenants, contracts and agree
ments, with any person copartnerships,
or body polite whatsoever, a. the exc
cution and management Of the works
and the convenience & interests Of the
company may require, & in general to
superintend and direct all receipts, dis
judgements and other proceedings Of
the company provided, that no in-
stallment called in al any one time,
shall exceed twenty dollars per share,
and that no installment be called in by
directors, without giving at least sixty
days notice thereof in the newspapers
before mentioned.
Sec. s.. The directors chosen IS A.
foresaid shall issue certificate to each
ckholder for the number Of shares
he or she shall subscribe for or hold, in
the said corporation, signed by the
President, countersinged, and sealed by
the Secretary, and sealed with the
common seal, subject however to
all the payments due and to grow due
thereon, which stock shall Be trans
ferable in person or by attorney,
executors, administrators, guardians,
or trustees, under such regulations a.
may be provided for by the bye-laws.
Sec. Z. At each annual meeting Of
the stockholders for the purpose Of
lelecting directors, the directors Of the
preceding year shall exhibit TO them 4
complete statement Of the affairs and
proceedings Of the company for such
year, and special meetings Of the sock
holders may becalled by order II the di-
rectors holding one fouEthin amount
of the capital stock, Cd like notice as
that renuired for annual meetings.
specifying moreover, the object of the
meeting; but no business shall be trans
acted at such special meeting, unless a
majority in value Of the stockholders
.s..ll .s4e-d in person or by proxy.
Section s. The said company shall
have power to construct single or a
double rail road from the town of Bel
mont, in Iowa county, to the nearest
and mostcligible pointon the Mississip-
piriver, within this Territory; and they
shall have power to extend the rail
road, II they shall deem it expedient,
from Belmont to Mineral Point, and
from thence to Dodgeyilie, in the said
county Of Iowa, with power to trans
port take and carry property and per-
sonsuponthe same, by the power & force
tof steam, Of animals, or any mechanical
orotherpower, or. Of any combinations Of
them; and they shall also have pow
cr to make, construct and erect, such
warehouses, toll-houses, carriages, cars,
and all other works and appendages Il
necessary forthe convenience Of the said
company !, inthe use Of the said Railroad.
Secs. II said corporation shall not,
within two years from the passage OIL
this act, commence the construction of
the said rail road, and shall not within
seven years from the passage Of this ,
act, construct, finish and put into opera
lion the said rail road within the time
above mentioned, then the rights pri-
villages and powers Of the said corpo-
this act shall be null & void. |
Sec. 10. It shall 4 may be lawful for /
he said company, their officers, engi- I
neers and sgents to enter upon any1,
ands for the purpose Of exploring, SUR j
1eying and locating the route Of the {
aid rail road, doing thereto no unnc- 1
'cssary dsnage; and when the said I
QUITE shall be determined by the said I
its shall be lawful for them. 1
heir SCENTS officers engineers, con- !
FACTORS and servants, and 1t any time 4
. enter upon,. take possession Of and I
- such lands; and also to take from I
ny land in the ncighborhood, gravel,
lone, wood, and other materials for the J
urpose Of Constructing and maintain !
ing such rail road, subject, however, {
) such compensation a. the said com- I
any may have agreed to pay therefor, !
4 IS shall be ascertained in manner ,
lereinaffer - s,nnfiuniss dinacfed. Pm. | i