Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1849-02-07

Rschsnomd nnd Newport Road.
Az Acr TO INCORPORATE THE RICHMOND AND
NRwroar TuRsrxE CoxpAsY.
WmEaEas, Tho citizens Of Wayne County
in The State Of Indiana. have subscribed for the
construction ola Turnpike Road from Richmond
10 Newport, in said county, distance Of nine
miles, the sum Of twelve thousand, seven hun
dred dollars. the subscription for the same being
in the following words. 10 wit: 1--WE. tho un-
dersigned, in couside ration that David Willcutis,
James Brown, David Hampton, Joshua Jeffries,
William FuIghm, Sen, Jacob Sanders and Luke
Thomas. will commen nee on or before the first
day Of July next. and prosecute thereafter to
inai completion within reasonable time,
Turnpike Road leading from Richmond to New
port, and will also hereafter procure Charter
Of corporation from the Legislature Of the State
Of Indiana, Incorporating the subscribers Of stock
in said company, who now or hereafter may sub
scribe for the same. promise and agree 18th said
persons above named 10 take the number of
shares of stock in said Turnpike Company, of
the value Of twenty five dollars each, set oPpo-
site our names; and zee further promise to pay for
the said stock 10 tho said persons above named,
for the benefit Of said company. to be laid out
in making and completing said Turnpike, and
zee promiss TO pay the first insiaImcni in thirty
days after the work shall have been commenced;
and il 10 further agreed with the persons above
named, that when said Charter of Incorporation
shsii have been received and accepted by said
Company that then our subscription shall be la
ken to be due and payable and ~ fully transferred
10 said Corporation. No though the same had been
originally made to said Corporation, with full
right to collect and receive the same in the name
Of tho Corporation, March l6. ls4s."
ASp WHEnEAs, the said Road has been sur
veyed aud the location made. Three miles and
enc half Of said road have been grated, and one
mile and one quarter grnveled, and two bridges
nearly finished, at u cost Of about five thousand
dollars; and rhereas sundry accomplishments Of
the right Of way have been made by persons
through whose land the said road runs; and rheTe-
- about thousand and hundred
dollars Of the said subscr have been paid,
Therefore,
SEC. !. Be it enacted by the General Assem-
bly, of the State Of Indiana, that David Will
cults. James Brow n. David Hampton, William
Fulghum. Sen, Jacob Sanders, Joshua Jeffres,
and Luke Thomas and their successors in office,
duly elected ~ hereinafter directed, ARE hereby
constituted a body polite and corporate and BY
the name and style Of "the Richmond and New
port Turnpike Company" shall be able and ca
pablo in law and equity TO sue and be sued, de-
fend and be defended, answer and be answered
UNTO in any and all courts whatsoever; to make
and use common seal, and the same to alter or
change at pleasure; and shall be able in law to
make contracts and enforce the same, and make
end enforce the necessary bylaws, regulations
and rules, to enable them to carry into effect the
provisions Of this Act and the objects cOntem-
plated by the same not inconsistent with the
laws and Constitution of the State.
SEC. 2. That the capital stock Of the said Cor
poration shal; not exceed thirty thousand dollars
divided into shares Of twenty five dollars each.
with power to said Corporation to increase said
capital stock, il the same should be necessary TO
accomplish the objects herein contemplated.
SEC ,. That all grants Of the right Of way
TO tho said pc rsons in the first section named, or
to the road as the same is now located from Rich
wsond to Newport aforesaid, shall pass to and vest
in said Corporation in the same way and man
nor, and 10 the extent, as il the said grants
had been made to said Corporation after the pas
ssgs Of this Act; and that all public roads, or
any part Of road which now used by the
said Cooperation in the construction Of said Turn
pike, or along or across which the location OF
said Turnpike has been made, shall pass to, vest
-, and be used by the said Corporation, for said
Turnpike Road, with full power to change or
alter said location from time ~ time, as tie said
Corporation may think fit. or as the public ne
ccssty may require; and that all subscriptions Of
capital stock which have been made as afores SAID
10 the persons above named or which may here
after be made to them before the publication Of
this Act, shall vest in the said Corporation to all
intents and purposes. and rs fully AS if the sub
scriptions and each Of them. had been made to
said Corporation after the taking effect Of this
Act, and the said Corporation may. for the recov-
cry thereof, commence and prosecute to final de-
termination any and all actions at law or suits
in equity, in any and all courts having jurisdic-
ton Of the subject matter.
SEC. 4. Tha, ull contracts. agreements or
covenants made by said persons in the first sec
ton me ntioned or by their duly constituted
agents, with any person or persons, or with any
body polite or corporate. for the construction Of
said Turnpike Road or any part Of it, or for any
materials used to be used in the construction
Of the same, shall be binding and obligatory on
said corporations; and for the breach Of said con-
tracts, agreements or covenants or any Of them.
the person or persons with whom the same were
made. may sue the corporation thereon in the
came way aud manner AZ il the said contract,
eement or covenant had been made with said
corporation by name in corporate capacity;
and the snid corporation shall have full right and
H. ,, .usLorifv IN suo in the corporats name
thereof on all such contracts, agreements and
covenants As il the same had been made with !
said corporation in the corporate name; and when !
nm action at law suit in equity is commenced |
by against said corporation, it shall be sufli- /
ciens 70 describe said contract, agreement o,
covenant, ~ having been made by said corpora