The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1851-02-13

IN. .9C7' 10 amend an .4et 10 incorporate We
leoek bland aud I.a,alie Railroad Css,poNy.
Sec.i. Be il enacted b, The Ieople ofthe Sln's
Of I,iiuois represented in We General Assembly ,3
thai its Rack Island Ana 4adnlls 4esl Pa easls
iinue their projected Railroad rcsh hs presen.
Termination hy The way IL Ottawa and Joliet, se
the city OF Chicago, under tue sans power, a"a
nrivi,yses aud subject 10 The same DISTINCTIONS
fhat are conferred on said company for the con.
| .sr"c,iou 81 their Rsilrond from thecisy ofNock
Island 10 its present termination.
Se,. .. The name Of said company IS hereby
changed TO the Chicago aud Rock l,.ana l 81.
road Company,,h that their capital s'ocR may oe
;nc,eased 10 any sum OF money ,ha,may be deem
~ ascsssarv "a construct their entire line ol ROAD
| not sxceeding three millions q dollars, NV us
number Of their directors TO thirteen.
Go a Iln,iI the next election OF directors 'oI
.aid com pany. the following named person: 70 VII
Elisha s. Wadworh, William kedaecK, Ns ~. !,
! D. Elwood, George Burnett. George s'.r'e, ~
liam Ofgood, Henry q. Looms ailu '"n 'tu,,,,rs
! iloces are hereby appointed additional directors,
aud they shall have equal rights with The pfessM
directors Of said company, aud no sale OF a's.e.
| al the rights under this act, or The ACT 70 WIG"
| this is an amendment shah be made, ana no 'eas,
lug or letting otthe entire work upon .he 'eaa
/ herein nroyided for shall be made, without .ne
sen, or majority oil the directors herein speci-
i
created shall constitute The directors OF said com
many. until an additional subscription Of three
/ hundred thousand dollars shall have been 0ede,
4. nre scribei nte act which This % ~ amend.
meut. After s,il additional subscription the
took ,ho!ders shall meet, as provided isaid ac',
aud elect board oithirieen directors.
| Sec a. 1.-THE said company shall tail 10 COM
| mence the construction OF said Railroad within
one year from the passage Of this act, and prose
| cute The same with vgor to completion, the d.
rectors herein specially named snail cons'ru'e
| board or commissioners, and shall receive SUD
scsipt.ons and tganize according 10 the pios,s,
ions oil The act 10 whiel this is an ainenemcnt and
! when so organized, the stockholders Under the
last named subscription shall constitute ,'e COT
poraiion, authorized and provided for, uncer ID
act. and the act 10 which This u az amendment,
| and shall have all The powers and privileges ann
be subject 10 all the restrictions and conditions IN
the said act con- aimed, aud the present. officers Q,
the CORPORATION shall tiansierto tile ne. bosr Of
directors all the books. papers, proreft., and as
sets Mhirh may be then owned BY said corpora
ton, and the same shall be vested in the new cor
poration, and the present stockholders shall con-
s,itute stockholders In The new corporation, npon
equal terms with the new corporaiors, and the
rights Of such as are then stockholders shall DC
settled BY the new board of directors upon fair,
just and equitable terms
Sec. S. The rights and powers and privileges
he eby granted TO said corporations are made sub
iect tothe following conditions in order 70 pro-
feet the interests OF the Illinois and Michigan
Canal.
lst. Said corporations shall pay the Board Of
Trustees Of The Illinois and Michigan Cana, "
ON all Gcighis transported upon said Naiiroal,
the same rates OF toll that nov or hereafter shall
be fixed upon like articles Of freigh, carried
through the canal The money arising TON said
tolls shall be applied by said board OF trustees, in
The same manner, as the present revenue OF the
Canal are required BY law 70 be applied.
Said,ollsto be PAID BY said Railroad Company
are subject to the following Interpretations AID
restrictions.
ist Alive stock transported on sail Railroad
are TO BE- fee from toll OF any kind.
end Notoiis are to be paid by said railroad
company. on any property transporter BY them,
except daring the season OF Canal navigation
Sd. No toll. are 10 be paid BY said railroad
company, during suspension OF navigation on
the canal. bv casualty or otherwise.
4,h No freight received from or destined 10 .
point on said road farther than line twenty miles
west ofthe Southern term nniion Of the cana Shall
be subject TO any tolls
Sec6 Allheights carried on railroads, whics'
may hereafter oc built, running from Ch'cago
and which may terminate on the Illinois and
Michigan canal, or a! any point Oh the ILLINOIS,
river not exceeding twenty miles south OF the
Southern Termination ofihe Illinois and Michigan
|
the fret hi carried on this road, and whenever he
Legislature shall grant ths right 70 any other fal-
road company 10 carry freight without said tolls,
then their conditions ia relation TO tells shall
cease.
Sec. :. As soon as the state shall provide for
the payment Of the entire interest o. the canal
indebtedness registered under the act Tor the COM
pietion or the Illinois and Michigan canal, then
The tolls herein mentioned shalt cease.
Sec. 3. The said board Of Trustees for the con.
sileration af6lessd shall FREE OF cost, giant 10
said company The right OF Way through I'll the
lands owned By them, and held in trust for the
canal fund, in snch manner rs not TO in)ire the
aavis alton Of the canal, and the consent OF the
state is hereby given 10 said applications Of so
purposes aforesaid.
SEC. g. Nsad board ofirnstees shall tefnse 10
assent to the provisions herein made Tor the right
Of way, BY the first Monday in lune, after The
passage Of tins act the said company shall have
lie ght TO build said road, and oil restrictions in
| relation 10 tolls are and shall be removed.
I Sec. 10. I, shall be the duty Of said railroad
company to keep correct freight books, showing
specifically and particularly The nature o. d kind
| aud quantity Of ch and every description oil
ire ght carried and transported orr said road and
| the place from and TO which the same be receis-
ed and carried, and al the expiration OF each
month report 10 said Board Of Trustees a true
AND correct account oil all Inc various MINIS Oh
such freight carried, lis place OF receipt and des-
tinstion, and pay over the amount that may be-
come due, on account oftolis herein provided for,
The truth OF said account shall be verified by the
affidavit Of the secretary, treasurer, or other proper
officer ofihe compeny
Sec. H. The said Board Of Trustees or their
agent specially authorized shall have full power
and authority 10 examine all the books, accounts
papers and vouchers Of said company, in relation
to freights for the purpose OF ascerfaining the
truth oisaid accounts end II said accounts 80 rem.
dered shall be found TO be false the said corpora
ton shall forfeit and pay to said Board OF Trustees
three times the amonnt withheld and not &C.
counted for, and fill power is hereby invested 10
sny OF the judges OF the Circuit Court in this
state, in term time, vacation, upon application
ofsaid board oftrustees, or their agent 10 appoh,
proper person 10 make the examination afore-