The Minnesota pioneer. [volume] (St. Paul, Minn. Territory) 1849-1855, 1853-05-05

BE enacted by The Legislative Assembly the Territory Of Mn
Walker. G. B. Curtis, c. G. rrowbridye. L. B. May L. B. Nc
Kinnon Draper Geo Reed James D. Doty J. L. schoolcra,
s. Blossom, w w. Snow, j. White j. B. Martini J. Striker
+ Dyer, II Fl sibey. Alex Ramsey Alex Wlkn, Chas w.
Bomp, Franklin Steele, Geo. w. Harrington, c. H. Oakes H.
NJ Rice, and n. W. Kitson ID B. Looms and L. A. Babcock
together with such persons may
with them in the hereinafter prescribed their
and ass'gn be- and they hereby body corporate
by the of the Lake Superior Puget Sound and Pacific
Railroad Company and by shall be and hereby
made capable law to purchase hold and enjoy sell and convey
lands and
the of SAID Railroad, grant any
dispose OF the same to contract and be contracted with
and be sued, and to make, have and
SEC The said corporation hereby authorized
such examination and be made shall be necessary
to ascertain the most advantageous for Railroad from
head Of Lake Superior Pacific Ocean,
Railroad from the head of Lake Superior such the
shore of the Pacific Ocean bays upon such
as they shall find most eligible for that purpose.
Sec g. The capital stock of said shall Fifty
Millions of Dollars and divided shares of hundred
dollars eac which shall be deemed personal property
erabe such shall be provided in the bylaws of said
corporation after all thereon shall have been pad
and the stockholders of said company capital
to any sum not exceeding hundred mon whenever they
shall deem necessary Tor the construction completion of said
road or for the interest of said company.
Sec. A. Henry H. Sibley ST. Paul. George Reed
touwoc James Doy at Menasho 'hn T. Macy Fond du
Lac. Levi Blossom Milwaukee, Charles Trowbridse at
Detroit julius White at Chcago John L. Schoocai Of Albany
and Simeon Draper of the of New York appointed
misioners and authorized open books and
at each OF the above named places to the capital stock OF said
at such time times they deem exedent giving
thirty days previous notice thereof printed Saint
Paul Mlwaukic, Chicago and New York, and
million dollars Of said stock subscribed,
named persons majority of them shall such place
the city OF New York. as they may desgnae and apportion the
said stock the subscribers therefor and give meeting
Of stockholders, choose directors within sixty days
after place III the city of Milwaukee
SEC. If at such time and place the holders Of half
of said stock subscribed and appostoned shall attend
by they shall proceed to choose from the Stock
holders by ballot directors each share Of said stock emitting
the the said commissioners them
shall be inspectors Of SAID election and shall certify writing
what persons elected directors and appoint the place
OF the first meeting of the directors.
SEC g. Al meeting OF the directors FIVE shall form board
all business
of shall be held annually and
place the Stockholders shall appoint be prescribed by
bylaws. The directors shall year, until
shall be chosen IN Their stead unless they shall be removed by the
stockhoders call meetings OF the stockholders due notice
being given s.okhoder, whenever they
sary Oft company engs may
by the of onefhh Of SAID stock subscribed and if
election be had the day appointed SAID company shall be
dissolved for such aite.
SEC T. shall elect their President
and appoint Secretary Treasurer and such Engineers and
and they may find necessary shall fix their
compensation require adequate security for the performance
of discharge them from the employment of said
SEC 3 The directors may require payment of the
subscriptions the capital stock such time and in such propor-
ton exceeding twenty-five per any insament
under they shall deem f and
stock forfeited and all payments Thereon" or otherwise failure
payment required: J'or'ded they sIa! first have
given thirty days notice Of such requsi,ion.
8. The directors of said company shall have power
all needu rules regulations and bylaws touching the bu
of said company the duties OF It's officers and
and number of tracks said road,
description carriages and regulate the Of toll
exceeding four cents ne and the manner OF collecting the
and ak and
mode of transferring the stock
said company shall make dividends annually oene
said Stockholders and the said
such depots buildings and fixtures
accommodation of those using said road my require
The said ha! have the right enter by its
lands stream to down SAID road
not exceeding width and
materials required for the construction of the said
shall granted to the said
for a COMPENSATION be agreed otherwise,
thereof shall by ottwelve
ed and sworn the Peace of county
tbey are situated valuation shall
Company the right to take and SAID
material fully and absolutely If the had been
granted andc ed to SAID Company by deed
SEC. H. The said company construct the said Railway
across public private road highway.
course necessary, said company shall such
road ay its former state,
manner not to impair their usefulness to the public.
SEC r. any person sha. wfully obsuct any
spoil nire destroy anything belonging
or any be used the construction thereof
building erected constructed for
the use Of said such shall be guilty msde-
and punishable accordingly and also be liable for every
such treble the damages occasoned thereby,
of debt having jurisdiction Of the
l3 The said Company purchase lands the vicinity
of road for the purpose of erecting depos Of procuring
earth gravel material for embankments and
necessary the construction repairs of said road and
buildings and sac lands shall be longer needed for
Ito