Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1852-04-29
NlNERiL POINT RAILROAD.

\
tla IN HsHate aEd -7ssefab!y, DO enact Is fo.-
lgJgs
SECTION 1. Tha, Francis Vivian, ParIey
Eaton, Francis J. Dunn, Cyrus Woodman
John Brackeu, A. ". Comforr. Henry koop,
and John Milton, Of the county of Iowa
Samuel Cole Charles II. Lamar. John w
Blackstone. IL. p. Ladd, Edward II. Gratiot,
Charles Damn, James II. knowlton. and
Joseph u. Brewster. Of the cornty of Lafay-
ette, be and they are hereby appointed com
Hissioners, under the direction Of majority
Of whom subscriptions may be received 70 the
capital stock &c the Nineral Point Railroad
Company hereby Incorporated and they may
cause books 10 be opened al such times and
places as they may direct, for the purpose CT
receiving subscriptions 20 the capital stock Of
sasd company. FIRST giving thirty days notice
% the times and places Of taking such sub
scTjpuon, by publishing the same. weekly,
IN public newspaper printed IN the county
Of Iowa.
Sgc. :. The capital stock Of said company
shall be FIVE Euudred thousand dollars, IA
shares Of one handred dollars each and as
soon as one thousand shares Of stock shall b..
subscribed, ard five dollars on each share ac-
tualiy paid ia. the subscribers of such stock.
with such other persons Is shall associate
with them Tor that purpose, their successors
and assigns. >t4l! be, and they are hereby
declared and created a body corporate and
polite by ;he name and style of the Mineral
POiUt railroad company, with perpetual sue
cessIau, ard By titat gaine shall have all the
privileges, franchises, and Inmuniiies Incl.
dent 90 corporation; they shall be capable.
30 law, Of purchasing, holding, selling, leas-
ing, and conveying estate, either real. perso-
ua., or mixed. as far as the same may be
necessary for tie purpose hereinafter meii-
toned, and 30 further; AID Ia their corporate
name, may sue and De sued may have q com
mon seal, which they may alter OF renew al
pleasure; and, generally, may do all and siu-
guiar the matte and thugs which 10 them il
shall lawfully aPpertlIn u DO for The well be-
ing Of said corporation.
SEC. 3. The said commissioners, or r ma
jorlty of them, after the said one thousand
shares Of stock stall have been subscribed as
afsresaid. shall give at least thirty days' no
tice. ia the newspaper hereinbefoTe nsention-
ed, Of the time and place by them appointed
TOR the subscribers 10 meet for the perpose Of
electiug nine directors : and Annually thereaf-
ter, the said stockholders shall meet on the
first Monday IN Juiy, for the purpose of elect
ing directors as aforesaid, upon like previous
rouce, to be given as aforesaid ProUided,
That previous 70 the first election. the com
misslOners hereinbefure named shall elect one
OF their number president; and they shall per-
form all the duties and be invested with all
the powers Of directors ind Pr0gi9ed That
u. from any cause. on election shall not be
held at the regular time specified therefor,
ihe same may be held al any ether time, on
notice as aforesaid: thag until such election,
the directors Of The preceding year shall con-
tiuue 10 act; and that this charter shall not ba
avoided by reason Of the iFregulariIy, or want
Of such election
SIC !. The affairs of said corporation
-fl1 4 hy-1 l..f
who shall be chosen annually by ballot. on
he days heTelEbef1re prescribed, by the stock.
holders uf said company, the vote 10 be de-
iivered In person, or by proxy duly author
lied which directors shall appoint one Of
their own number 20 be president and shall
respectively serve for one year. or until other
directors are elected they shall have power
10 make and establish such bylaws. rules,
and regulations, mol Inconsistent with the
constitution and laws Of the United States
and Of the State Of Wisconsin, as may be nee
esslry for the well ordering the aif4iFs Of said
company.
SEC. 5. None but stockholders shall bs
elected directors: and al every election and
IN all other eases upon which stockholders
shall be called upon 20 vote, each share Of
stock shall be entitled 10 one vote, and in all
eases Of election of directors, tie nine stock
holders having tie greatest number Of votes
shall be declared duly elected.
SEC. 6. The said directors shall meet st
such times and places, and convened in such
manner as rheF may hereafter decide upon
Five directors shaI! be quorum for the trans
action Of business, who in the absence of the
president shall appoint president pro TEN.
The SAID directors shall appoint secretary,
treasurer and such engineers and other Off
GERS as they may find necessary they shall
have the full power 90 fix the compensation Of
all officers. and may deraud adequate security
for the performance OF ,aeir respective trusts;
they shall decide the time and manner. and
proportion Ia which the said stockholders
shall pay the money due on their respective
shares, and forfeit Or the use Of the company
The share or shares Of every person or persons
falling To pay any Inslsimeuts so required, at
a sedsOnabIg period, not less than thirty days
after the time by them appointed for the pay
msut thereof; they shall have fall power TO
regulate tolls, u make such contracts, cove
Hauts aud agreements with any person, CO.
partnership oT body polite whatsoever, as
the execution aud manage neRt Of the works
and the convenience and Interest Of the COM
Pany may require. and in general TO suPerin-
Tend aud direct ali the operations. receipts,
disbursements, ami other proceedings Of tho
company Procj3sd Tha; ms taIment CALI
I'd 10 al any other time shall exceed twenty
dollars per share. ard that no Ilsta.ment shall
be called for 5y the directors without at least
sixty days notice thereof, N lAe newspapers
ElreiabefJre described
Sc. :. The directors chosen as aforesaid
shall issue q certificate 10 each stock holder
fD- the number Of shares he or she may SUBJ
scribe Tor OF hold 10 said corporation, signed
by the president and caGn ersigned by the
secretary, and sealed with the common seal.
Sc. 2 At each annual meeting Of the
stockholders f3r the purpose Of electing direc-
tors, the directors Of the preceding year shall
exhibi, 70 them a conn piete statement Of the
affairs and proceedings Of the company for
sHch year; and special meetings Of he stock
holders may be called by order of the direc-
tors. or by stockholders holding one-fourth
IN amount of tie capital stock. on like notice
as that required for annual meetings, specify
ing, moreover the object Of such meeting, bur
no business shall be transacted az such special
meeting. unless majority in value Of the
stockholders shall attend in person or by
proxy.