Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1839-05-18
Richmond and Munceitown Turnpike

fI1CnmO0O ana NuuCcltO"H uA'Af'1
AN ACT to incorporate the Wayne and Union
Turnpike Company, and the Brownsville and
Censreuiue Turnpike Company. +,
SEC. l. Be It enacted by the Geaeral Assem-
BIZ of tie State of Indiana, That George Hunt
Caleb Jackson, Bsal Butler, William Commons
- ,he county Of Wayne, and Matthias Fosher,
Archibald Essep. Erasmus Rose, William ste
ohens, Joel Hayworth, and samuel fariow' OF the
cAahty Of Union, and their successora u 'mcc,
duIy elected as hereinafter directed, are hereby
constituted a body corporate and polite, and by
the ma me and style of 1.-THE president and Gree.
tor, the WAYNE and Union Turnpike Company
shall be able and capable IN law ana equity 10
sue and be sued, plead and be implicated. oe'eno
and he defended, answer and be answered unto !
in any and all courts of justice whatever 10 make
and use a common seal, and the Same 20 a'tcr'
change. or renew at pleasure; and shall De aMe
and caoable ut law TO make contracts and ENFORCE
IN. same: and 10 make and enforce the necessa-
ry bylaws, rules and regulations, 10 enao'o a'e'
to carry into effect the provisions OF this acI ana
the objects contemplated by the same, M, 'scon'
.is,eni with the laws and constitution OF 'ne''a''
Of Indiana.
Src. 2. The capital stock Of said corporation
sbal be fifty thousand dollars, divided INTO 'nfes
Of five dollars each.
soc a Tho directors named in this act, or
majority Of them, may meet Mt such .ns s saa
co,pora,on. by eiecting one Of their own body
president, and after such organization any hve OF
the board shall be quorum; but after an eiec-
ton for directors it shall require a majority 10
form quorum
aono,nt agents. clerks, treasurcrs, surveyors, en-
pineers superintcndents, artists, ana all otnel
officers and persons necessary to carry INTO eject
the objects of this net. They shall keep Jour
nal of their proceedings, in which snail % enter
ed all bylaws, rules, and regulations, ana al Or
doris for tho payment Of such allowances as NAV
he rnade 10 their officers and others IN their en-
pIoy: which journal shall from time to time be
read by the board and If found to be correct shall
be signed by the President. They may ST on
their own adiournments. or on the caii OF inc
| President: when the President IS absent 'ncv
NAV appei.t President pro tempore Ihey sna'
6ll vacancies which may happen in their own
body.
! Src. 5. The corporation shall cause books to
be opened for subscription to the capital stocK'
at such time such place or places as they may
choose due notice Of which shall be gwen; U"
each Of which books tho following entry shall be
made:-
| ave. tho undersigned, promise to pay the sum
oe twentv-fve dollars for each share OF stock SET
opposite our names, in such manner ana proper
lions. and at such time, tho President and d.
ractors Of tho Wayne and Ucion turnpike COM
day OF 1913
| SEC g. It shall be lawful for all persons OF law
fl, noe. for the agent Of any corporate body, tor
the AGENT of anv county, for agent OF any state, or
NJ the Uuited States, on behalf of the same, to
subscribe for any amount OF capital STOCK ana
the books shall be kept open for such space OF tmo
and n, such place or places tho corporation sha'i
choose. and NAV be re-opened at any time; and
they nav by an agent, Offer for sale IN any other
.,aie. any amount Of stock, shall have power, on
their own credit, 20 borrow money on SUCH terms
as may be agreed on by the parties Inc corpor-
alton may require such sum OF money !" DC pao a.
,he time Of subscribing, or any subsequent tifne,
not exceeding five dollars on each share, as lhey
NAV think proper: but such reqns't'ons shall DC
made known by being inserted in the notice tor
} opening the books; and any future payments on
the stock shall be under the control OF the corPor-
alton.
subscribed and five dollars paid on each share, II
shall be the duty Of the corporation TO give tour
weeks notice thereof, in one or moro ne spaPers
ans, in such notice appoint tno ana place '''
the stockhoiders to meet and elect eleven direC
tors. who shall be stockholders and citizens OF TINS
, state: which election shall be held within one
} month after the last share in the five hundred
shares was subscribed for, and shall be conducted
: bv two Judges, appointed by tho stockholders pre-
sent: and the persons having the highest pura'i
" Of tho votes given and counted IN public, shal
be declared duly elected No share shall conie
,
shall have been held month previous to the
election In all elections each share shall entitis
. tho holder to one vote, and votes may be g,ver
bv the person owning the same, or by one OF an!
t mariners, or by the husband, father. mother, ad
or executor, trustee or GUARDIAN or o.
= the authorised agent Of any corporation, county
a or state or IF the United States; or any person
: having a right to vote, may vote by proxy
? SEC. g. It shall he the duty of the director
cleo ted as above, and those elected at all suose
:, aucnt elections, to meet ms soon thereafter
they cow enienty can, and elect one OF their o."
body 10 be president. The president and direc
tors thus elected, shall continue in office until tn
; next annual election, and until their successor
. are elected and organized.
= SEC. 9. All elections after the first, shall B.
:. held on the first Monday of September annually
;. under the direction of any three stockholders
no. directors a the time, l." ha appointed by IN
: board at a private previous meeting, or by tn
:, stockholders present, Of which election notice
shall be given: Provided That if, from any caus
whatever, there should be no election held on tn
day appointed by this act, by directors for tn
first election, it shall be lawful to hold tho cleo
:. ton on any other day.
- hall ho