Arkansas intelligencer., 1848-05-06


is hereby, formed, for the purpose of making q
road from Van Buren to Fayetteville, under the
name and style OF the '.Van Buren and Fayetto- /
Vile Turnpike Company"
SEC. 2. The capital stock Of said company
shall consist of one thousand shares, at fifty dol
lars each.
SEC. 3. Books Of subscription for stock in said
company, shall bo opened under the suPerinten-
dence Of the following named commissioners, at
the following places, 10 wit At Van Buren,,
under the superintendent Of George Q. Pickett,
John Gregg, David Mcclellan, John Henry, John
Shannon, George ". DuyolI, ard Andrew Nor
ton; at IIii,sborough, under the superintendent
of Maurice Wright. Benton q. Hill, Levi Rich
ards. William B. DagIey. l.. w. Mcclellan, and
Josl D. Parks; at Fayetteville, under the super
utcndcnco Of James Mckisick, NJ. Leoper, 5. q.
Srecd, John McCarrah, William Stoinman, John
BJIngsIy, Williamson S.-OlIh2m, and b. II.
Snitus0u.
SEC. /. The commissioners, at the before
named places shall procure one or moro books,
and in each Of them enter as follows: awe,
whose uGmcs are horoun,o subscribed, do promise
TO pay TO The president, m1nagers, aud company,
of the Van BureH and Fayetteville Turnpike
Road Company. the sum Of fifty dollars, for
every share OF stock in the said company set OPP
PCsi,e our respective names, in such manner and
proportions, aud at such times, rs shall be deter
mined by the president and managers Of said
-
assembly Incorporating said company. Witness
our hands, this --- day Of --, in the year
OF our Lord one thousand eight hundred and -
SEC. .. The commissioners shall give notice
10 some newspaper printed in this s.ale that books
will be opened on the second Monday OF April
next, for tho purpose Of receiving subscriptions
for stock in said company; at which timo and
places, some one or more Of said commissioners
above named al each place, shall attend ana per-
NIT all persons Of lawful age bodies polite and
corporate, to subscribe for stock, who shall offer
for That purpose, la said books, I'm their own
name, or in the name OF any other person
who shall duly authorize the same, for any num-
oer o. shares in said company.
SEC. 6. Said books shall be- kent oDen. for the
purpose aforesaid, by adjournment from place 70
place, and from time TO time, until the IS hole
number OF shares shall be Subscribed; at which
aalo1rumea.s. the said commissioners shall give
such notice as the OCCASION may require.
SEC. q. LEoTy person subscribing for stock,
IN the said books, In his own name, or In the
u2mo OF any other person, shall g,yc 10 the at
tending commissioners note payable 10 the
president ord managers Of Tho Van Earon and
Fayetteville Turnpike Company, thirty daysal,or|
.ao said company shall be organized. and the
president and managers elected. for the amount
of five dollars for each share subscribed for.
SEC. 8. No subscriber for stock shall be bound
10 pay of his stock, nor shall tho president and
than five dollars on each share in any thirty days.
SEC. Q. Tho commissioners before mentioned
shall, after said books have been KEEP, open ninety
days, send, rs soon as possible thereafter. the
whole amount or number of shares subscribed on
their respective books, TO the commissioners al.
Fayetteville, whose dulv it shall be- if it appears
that three hundred shares Of srI s,oc', have been
subscribed, To- give nO.lcs 10 The commissioners a
each place whose books Hav9 been opened. Of the
actual number Of shares taken, and t.a number
at each place, and likewise, as soon as may be
thereafter, TO give at least thirty DAYS notice In
one or more of the newspapers printed liz this
state. that the number Of shares required by the
act OF incorporation TO organize tho company.
have been subscribed, and that an election wl.
be held al tao courthouse 10 The town OF Fay
oitcyH.o, to choose one president, seven managers.
and one treasurer. OF s1la company, for one year.
and until other such officers shall be elected.
SEC. 10. Whenever the said company shall
be so organized. they shall be body polite aud
corporate, in deed and in law. by the name. STYLE
and Hue, oil the president, managers. and comna-.
NY, OF the Van Buren, aud Fayetteville TuruDike|
Company, and by that namc, the said subscribers.
shall have succession, and all the prlcilcres and
franchises incident TO a corporation; and shall be.
capable OF taking and holding tho s9ii capital
stock, and The increase and profits thereof. and
oi cn.orgIng The same from time TO time, by new
subscriptions, in such manner and form as may
ba thought proper, II such enlargement shall be
found necessary to fulfil the true intent and
meaning OF this act; and Of purchasing, taking
and holding, TO taom ami their successors and ass
signs, aud of ling, transferring, and convcs ing. .
In fee simple, all sucA lands. teua5uau.s hcra5a-.
man.s, and estates real aud personal, as snail bel
necessary TO tuuGI u the prosecution of their works
aud OF suing and OF being sued, and OF pleading.
and being ImpaadeI, and OF answering and being
answered ua,o. and Of defending and being de-
Tended. in all courts Of law and equity in this
state or esewharei and to make, have, and use, q
common seal, the samo TO break, alter, and renew,
al p.cosurc; and to make such bylaws, not con
Lrory to tho constitution and laws OF the United
States or Of this state, subject to bo repealed, al
tered, or omcn-cd, Mt any general meeting Of the
stockholders, as may be necessary for Tho gov
ornmont Of tho s1id president, managers, and
stockholders and to do all and every other mat
Ter and thing which corporation or body polite
may lawfully do.
SEC. II. Each s,ockhoIdor shall be entitled to|
ono vote for each share Of stock he may hold, and
may either vote in person or by proxy.
SEC. -. Tho president and any three man.
ayers, or any four managers, without tho presi-
DON'T shall form quorum to transact business :;
ana they shall meet at such times and places, and
DC convened in such manner, as may DO pointed