The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1849-12-20
M ACT,
AN ACT,
To incorporate The Rock Lsland and Lasaue Raj
Road Comncny

Road Company.
SEC. l. Be it enacted by the people Of
The State Of Illinois representedin the Gen.
ersl Assembly, That all such persons as
shall become stockholders agreeably to The
provisions Of this net, in the corporation
thereby crenied. shall, be and hereby con-
stituted and declared body corporate and
polite by the name Of "The Rock Island
and Lasalle Rail Road Company" and by
TINT name shall have succession for the
term offifiy years from md after the pms.
sage Of this act; and may by said name sue
and be sued. complain and defend in my
Court Of law or equity may have and use
common seal, and alter or renew the same
Al pleasure; may make bylaws, rules and
regulations for the management Of its prop
erty, the regulation fits affairs, and for the
transfer its stock. not inconsistent with
the laws and eonstitution Of this state or Of
the United States; and may moreover ap-
point such subordinate agents, officers and
servants IS The business Of the said corpo-
ration may require, and allow them suita-
bic compensation, prescribe their duties
and require bond for the faithful perform
ance thereof in such penal sums and with
such securities 40 they may choose, who
shall bold their Offices during the pleasure
Of majority Of the directors Of said corpo-
| ration.
SEC. 2. The said corporation shall have
the right to survey, locate and construct,
and during its continuance, TO maintain and
continue railroad with single or double
track, and with such appendages as may
be deemed necessary for the convenient
use Of the same from the town Of Rock
Island on the Mississippi River the Coun-
" Of Rock Island, to the Illinois River At
the termination Of the Illinois and Michigan
Canal; and to locate and construct the same
on such line, course, or why rs may be de-
signated aud selected BY the Directors Of
said corporation wherein to construct and
make the same; md may also perscribe the
manner in which said rail-Eoad shall be
used, BY what force the carriages to be used
thereon may be propelled; to regulate the
time and manner in which goods, effects
and passengers may be transported and
carried on the same; and the rates OF toll
On the transportation Of property thereon.
And Il shall also be lawful for the said cor
poration to unite with any other Railroad
Company already incorporated, or which
NAV be Incorporated, upon such terms and
al such points and parts by the said rail-
roads as may be agreed upon BY the direct
ors Of said Companies; and also to construct
such other lateral routes IS may be neces-
sary to connect them with any other route
or routes, which may be deemed expedieni,
under the same privileges and restrictions
40 arc herein contained.
SEC. 8. The capital stock Of the said cor
poration shall be three hundred thousand
dollars, which shall be deemed personal
property, and shall be divided into shares
Of one hundred dollars each. The said
capital stock may at any time hereafter be
increased to sum not exceeding one mil
lion ofdollars, il the same shall be judged
necessary; 10 be subscribed Cor and taken
under the direction Of the directors Of said
corporation, whenever they ahall cause one
or more books to be opened for that purpose,
and in such manner as may be prescribed
By the bylaws Of the said Corporation.
SEC. 4. The following named persons. ID
wit: Joseph Knox, +. R. Burnot, N. B. BIZ
ford, William Vandever and Nathaniel Bel;
cher Of Rock Island County, Joshua Harper,
md James 6. BoImer Of Henry County.
Cyrus Bryant, Justice Stephens and r. +.
1'empleton Of Bureau County, John V. A.
Hoes and William H. w. Cushman, Of La
sale Co., shall be commissioners for feceiv-
ing subscriptions to the capital stock Of said
corporation, who shnll within twelve months
after the passage Of this act, cause books to
be opened, at such places a. they may
deem proper, for receiving subscriptions to
the said capital stock. Notice Of the times
and places when and wherethe said books
will be opened to be given BY publication
for at least thirty days previous to opening
the same, in some public newspaper print
ed and published 10 each Of such places.
On opening said books the commission
ers shall attend by themselves or agents,
and continue to receive subscriptions to the
capital stock Of said corporation from all
persons who will subscribe thereto, until
the whole amount thereof shall have been
subscribed, when the said books shall be
closed. sss 80
Each subscriber shall at the time Of sub
scrihing pay to the commissioners the Sum
Of Eve dollars on each share Of the stock
subscribed for by him; and the said conmis-
sioners shall, 90 som a. the directors Of
snid corporation are elected, deliver to them
tho whole amount 90 received, and also oil
subscription books and papers belonging to
said company.
A majority Of the commissioners above
named may ill any vacancies that may oc-
cur in their number by death resignation,
or otherwise.
SEC. 5. The affairs Of said corporation
shall be managed BY board Of nine direct.
ors, to be chosen annually BY tho stock
holder. from among themselves; the first