Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1851-03-13
Plank Road Charter.
AN ACT to incorporate the Glasgow
and Huntsville Plank Road com

and Huntsville Plank Road com
pany.
Be 1t enacted by the General Assembly
Of the State Of Missouri, as (ollowS:
J. /. That company Of subscribers
10 be raised as hereinafter prescribed be,
and they are hereby constituted and
declared body polite and corporate,
with perpetual succession, by the name
and style of the Glasgow and Hunts.
vile Plank Road company" for the
purpose of constructing, managing and
owning plank road, from the City Of
Glasgow in the county Of Howard, TO
the town Of Huntsville in the county Of
Randolph, and for such purpose the
said company is hereby authorized and
empowered, TO have, receive, purchase,
possess, enjoy and retain lands, goods,
chaltles and effects Of any kind, and to
any amount necessary to carry into
effect the objects of the corporation,
and the same 10 sell and dispose of al
pleasure; to sue and be sued, defend and
be defended, in all courts having ON.
petent jurisdiction; TO have and use a
common seal, and the same 10 break or
alter al pleasure; 10 ordan and eslab.
Iish such rules, regulations and bylaws,
as may be necessary for the well being
of said corporations; subject however,
to the limitations and restrictions, con-
tanned in this act.
5. 2. The capital stock Of said com,
pany shall not exceed eighty thousand
dollars, TO be divided into shares of
fifty dollars each; books for the sub.
scrip,ion of which shall be opened al
Glasgow and Huntsville, on the fourth
Monday in March 1851, and shall re.
main open for twenty days; at the end
Of that time the books shall be closed,
and if it shall appear that the sum of
fifteen thousand dollars, or more, has
been subscribed, the persons hereinafter
appointed TO open the said books, sha Il
appoint time, and place, for a meeting
of the stockholders, giving at leas, ten
days notice in the newspapers published
at Glasgow. The stockholders when
convened, shall proceed 10 elect Pres,
ident and six directors, Of said compa-
ny; who shall hold their offices until
tho first Monday 10 June 1852, and un.
til their SUCCESSORS are elected and quail.
fled.
s. 8. On all elections under this act,
Stakeholder shall be entitled TO one
vote for each share held by him. and
may in all cases vote by proxy. Stock
may be sold and transferred under such
rules and regulations, as may be pre-
scribed by said board of President and
directors.
5. A. After said board shall have
been organized as aforesaid, they shall
cause survey Of route for said road
10 be made, by competent person or
persons. and may in their discretion,
cause more than one route between
said points 10 be surveyed; and as soon
as such surveys are made, the said
board shall cause books to be reopened
for the subscription of the balance of
the stock Of said company, and shall
from time TO time, keep said books
open until the whole of the stock is ia.
ken. Subscriptions may be taken. to
be binding in the event, that route 10
be designated by the person subscrib
ing is selected; provided, that no sub
scription shall be received for any
route except such as have been surveyed
by said company.
5. 5. AS soon as forty thousand dol
lars is subscribed, the said board shall
call general meeting of the stockhol
ders, giving ten days previous notice
Of the time and place of meeting, by
publications in the newspapers in Gas-
Cow, and when thus assembled the
stockholders shall proceed 10 locate said
road and shall vote in The same manner
as in the election Of President and
directors.
), 8. After route shall have been
selected, the said board shall proceed
to take relinquiShmen,s of the right of
Way, not exceeding sixty feet in
width, which may be done by the
owner or owners of land signing vol
un,ary REIMBURSEMENT, to be witnessed
by one or more persons, Guardians of
miners lunatics and persons ofunsound
mind, y.rellnqulsh The right OF way;
and where miners have no Guardians,
Executors or Administrators may re
Iiuquish such right: and where volun.
tary REIMBURSEMENT canno, be obtained
the said board may contract for The
same.
). 7. If any person owning real es.
tate on said route shall refuse to relin.
quish or sell a right Of way as herein
before provided, the said board Of
President and Directors may make
application TO the Judge ofthe Circuit
Court of the proper county, setting
forth the facts, and praying the ap.
pointment Of commissioners 10 view
the land and 20 assess TO the owner,
damages for such right of Way. and
unOn such aDDlication the said udD Or