Washington telegraph., 1851-05-28
AN ACT
A --ee- AN ACT
Ent't1ed an Act to Incorporate Ouachita and
Red Riuer Plank Road COnpanu

| AN ACT
Emitted an Act to Incorporate a Ouachita and
Red Rioer Plank Road Company.
SEC i. Be it enacted by the General Assembly
OF The State of Arkansas, That Ezra Hill, Peter
McCollum, Peter N. Bragg, Edward Cross John
", Matlock, James Vaughan, James M. Brooks,
Thomas Satterwhite, John Gully, Samuel W.
Johnson and Thomas Armstrong, and their asso-
! ciates and successors hereby declared and
constituted body corporated by the name of
''Ouachita and Red River Plank Road Company -
and by that name to and be sued plead ind be
| lmFleaded, answer and be answered in any court
Of this State, to make, use, and have common
seal, and the same to break, alter, and renew at
pleasure.
SEC. g. Be it further enacted, That said Com
Pany are hereby vested with all powers privileges
and immunities, which are may be necessary to
carry into effect the purposes and objects of this
grant hereinafter set forth, and may have and hold
real and personal property for the same.
SEC. B. Be it further enacted, That it shall be
The duty OF said company or majority of said
company before named, to open books free foi all
persons to ubscribe for The stock of said company
within thirty days after the passage of this charter
and to require a payment in cash Of SIS per share
at the time of subscribing, aud also to advertise
the time and place of receiving subscriptions in
one or more gazettes in the city of Camden aud
the town of Washington, at least ten days prior to
SEQ. 4. BE it further enacted, That the capital
stock of said company shall be 100000, and sub.
scr ptons to same shall be regulated hv the per-
sons named in the first section of this act or a
majority of them, as to the time and mode of
payment with full power to regulate the whole
matter, and to declare forfeures under certain
rules, when stock holders fail to comply and to do
all things necessary to insure the purctua payment
of the several nstalments of stock required they
become due: Prooided: that any regulation thus
adopted shall be genera. and operate ON all alike.
SEc. S. BE it further enacted, That the
capital stock of said company shall he divided in
to shares OF $50 each, to be assignahe and trans
ferable according to such regulations said cor
poration may adopt, and the number of votes to
which each stockhoder may be entitled on all
questions concerning the interest of the company
shall be equal to the number OF shares held by
him, each share being entitled to one vote.
SEC. 6. Be it further enacted That il shall be
lawful for, and said company shall have power
and authority, and is hereby authorized to locate
and construct Plank Road from the city of Cam
den in the county Of Ouachita in a western drec-
ton or as near as may be on the best route to
near fulton, on Red River; Propided: however,
that SAID Road shall 10. be so located to inter-
fere with any dwelling house, pass through the
yard of any dwelling house without the consent
of the owner OF the same And no road by any
charter hereafter to be granted, shall be construct
Flank Road, within FIVE miles Of the same.
SEC. Z. Be it further enacted, That, whenever
$25OOO of the stock of said Company shall be sub
scribed, the said company shall be considered as
organized, and the said stockholders may proceed
to elect Board of Directors who shall be owners
of stock to manage the business of said corporation
SEC. 8. BE it further enucted, That, said Board
Of directors shall be caosen annually, at such Lime
and place as the stockholders may determine, and
should the said annual election at any time not be
held on the day appointed, it shall be lawful to
hold said election on any other day, which election
shall be valid to all neuts aud purposes, and the
Director for the time being shall serve until their
successors are elected.
SEC. 9. Beat further enacted That sad Direc.
tors shall appoint from their own body President,
Secretary and Treasurer, and fix their salaries,
and shall also have power to appoint all shch off,
GERS and agents, servants or labOrers, as they may
deem necessary for the construction of said pro-
posed Road, and the transaction of the business
of said corporation.
SEC. 10. BE it further enacted, That the said
Directors shall have power to make all such by
laws, rules and ordinances to them may appear
necessary and needfu touching the management
of the Road to be constructed and the effects of
the corporation.
SEC. ii. Be it further enacted, That said cor
poration shall have power and authority to acquire
by purchase, gift, or otherwise, right of way from
said Road nifty be designed to pass, of sufficient
width for the location, construction and accom-
modation of said Road and also to receive from
the County court of the county or counties through
which said Road may run, the use of any highway
or highways already dedicated to the public use,
and the said coulty courts are hersby authorized
and empowered to grant the use Of said highway
or highways to the said company, when the said
court shall deem it expedeDt for the location and
construction Di said Plank Road the construction
of Toll Houses: Propided: however, that 10 Pub
lie Road which said County courts deem it expedi-
ent to be kept open shall be obstructed thereby
SEC IL. BE it further enacted, That the said
corporation shall also have the power to receive
from the Municipal authorities of the city of
Camden the use of any street streets, for the
location and construction of said Road or TIL
Houses, and the Municipal authorities hereby
empowered to grant TO said company the right
over, and use of any street streets in said city
town in such manner, and in such direction as
the public convenience may permit.
SEC. l3 BE it further enacted, That If said
company eaanot agree, with owner or owners Of
the land through which tire said Road shall pass,
with the Executors, Administrators, Guardians
or Trustees, it shall and may be lawful for the
Clerk Of the Circuit court Of the county in which
said land lies. on the application OF said company
or its Agent, and he is hereby required to issue
writ of ad guod ddmnum commanding the sheriff
that without delay he causes Jury OF SIX good and
lawful men to be on such land, upon day to be
by SAID sheriff fixed upon, and appointed, and
whereof it shall be his duty to give notice to the
owner or owners, Executors, Administrators, Guar
dans Trustees, at least five days before such
day. If they be within his county, or If not, or If
the owner or owners be Unknown, then notice shall
be given by advertisement, to be by the sheriff
posted at the dwelling house4if such there BIZ,
public and conspicuous place at least five days
before such appointed day, and alse by advertising
the same in some newspaper published nearest the
land, at least four weeks by insertions prior to said
day, aid cause said Jury, after being duly sworn
by said sheriff, or by Justice of the Peace to make
true inquest of the damages that will be sustained