Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1839-05-11
''RICHMOND AND BOSTON TURNPIKE
COMPANY.
AN ACT to incorporat e the Richmond and
Boston turnpike company.


William Hill. Jason Ham, David S. Evans.
BENJAMIN FuIchum. Daniel ID. Sloan. Philip
I.vbrook, Enoch Railsback, Alex. Crimes.
and Daniel CLARK. and their successors IN OF
flee. duly elected. as hereinafter directed, are
hereby constituted Il body corporate and pol
tic and known by the name and style OF
the President and Directors of the Richmond /
and Boston Turnpike company: shall be able |
and capable IN law and equity TO sue and he |
sued. plead and be impeaded. defend and te de-
Tended, answer and be answered unto IN any |
aud all courts of Justice whatever: 10 make |
and use a common seal, and the same to al /
ter. change or renew at pleasure; and shall
be able and capable at law 10 make contracts
and enforce the same; and TO make and en-
force the necessary by laws, rules and regu
iatIons. 10 enable them to carry into effect
the provisions of this act, and the objects
contemplated by the same, not inconsistent
with the laws and constitution OF the State
| OF Indiana.
| SEC. ,. The capital stock of sand compa-
! ny shall not be more than one hundred thou
sand dollars, nor less than fifty thousand dol
lars, divided in shares of fifty dollars each.
Sec. Sd. The Directors, named in this
act, or majority of them, may meet at
such time and place as they may agree on,
and organize SAID corporation by eecting one
of their own body President; and, after such
organization, malorty OF said Directors
shall have full power to carry INTO effect the
object of this act until an election shall be
had by the stockholders, in accordance with
their bylaws. for their directions.
SEC. H. The corporation shall have pow
er to appoint agents, clerks, Treasures. su-
perntendants, surveyors, Engineers. Artists,
and all other officers and persons necessary
to carry into effect the object OF this act
They shall keep journal of proceedings, in
t which shall be entered all bylaws, rules and
regulations, and all orders for the payment OF
) such allowances as may be made TO their Of
fcers and others in their employ, which jour
nal shall be read from time to time by the
: Board. and. if found to be correct, to be sign
ed by the President. They may sit on their
!, adiournne hts or on the call of the President
i when the President is absent they may APP
4 point President pro tenn. They may fill al
: vacancies, which may happen ia their owl
+ body.
Sec. 5. The Directors shall have charg'
of the Stock Books of said company, witt
full power to receive subscriptions to sal
/ stock, and collect the same at such place /
t Wayne or Union county, and at such tim
oil times they may appoint after SIX week
d notice in some newspaper near said work. /
d such amounts as they may think best for tn
e interest Of the work, not exceeding in amour
e one fifth part OF such subscription in eac
year.
SEC 6. 1t shall be lawful for all person
+" Of lawful age, tor the agent OF any corporal
: body, for the agent of any county, tor III
:, agent of any State, or the United States, @
:, behalf of the same to subscribe for any
,r mount of capital stock: and the books sh1
n be kept open for such space of time, and
Ii such places as the corporation shall choos
N and may be reopened at any time. An
n they may. by IN agent. offer tor sale IN tn
or anv other state, any amount oil stock upf
such terms and conditions may be thong
in advisable: and they shall have power, on the
9, own credit, to borrow money on such tern
c as may be agreed on by the parties.
- SEC. I. 1t shall be lawful. a. any tin
y within five wears after The passage of this at
!" or so soon as fifty thousand dollars SD
scrbed of the capital stock, for the Director
n. herein appointed, or n majority OF them
Az Inject, organize, and commence operatlo
u, on said work; and 1t shall be the duty of Il
at company in good faith to commence the co
lv structon Of said road within five years fro
ri the passage of this act; and to complete I,
same in twenty years, on failure OF which Il
I'm charter shall he forfeited.
ar SEC. 8. The corporation, by their agen
o' shall have full power, from time to time,
~ examine, survey and locate the route fol
ac turnpike road. commencing at the town
r.. Richmond in Wayne county, and running
es the best ground for the interest of the corr
ry ration and convenience OF the public,
for Boston in the said county of Wayne tc
of point on the line dividing the States of In
he ana and Ohio where the Hamilton, Rossvi
a Darrtown and Fairiaven Turnpike of O
,es shall intcrsect said stale line, near Lyorot
in Union county.
CO.. SEC. 8. 1t shall be the duty of the Dir
~ tors at their first meeting, within tn
'A months thereafter, 10 call by advertisem
for such portion of the first wears insiam
on the capital stock, as they may deem pr
rvs
inc SEC. 10. Certificates of Stock shall
zen given by the Stockholders, which shall
of evidence of the stock held: they shall
&C. signed by the President, countersigned
ges the clerk. The Stock shall be transterra
on, only on the books of the corporation, P
. TO sonaiIy, or by an agent. or attorney, or by
ter administrator or Executor, Trustee or Gu
ne dian. Blu. such stock shall at all times
ie,' holden by the corporation for any dues fr
w the holder thereof to the corporation. or
the any sum that may thereafter become due,
Who a contract made prior TO such transfer.
~ hall Cd,