The Minnesota pioneer. [volume] (St. Paul, Minn. Territory) 1849-1855, 1853-05-12

Be enacted by s Legislative assembly of the Territory Of Mn
Ss''e so GH s uu s Wa Ks G W " N
John Farrngton William L. Ames, William q. LeDuc William
R. Marshall John Irvine Frankin Steele n H. Sibley A. NJ
ties Nelson Samuel Bu kleo Horace H. McKiny and their
ociates and are hereby created BODY polite
and corporate under the and style of the Louisiana and Min
nesoa Railroad Company of ST. Paul with perpetual
and by that name be and hereby made capable law and
and be sued plead and be paded defend and
be defended of law and equity this Territory any
and alter pleasure and shall be vested with ali the
powers privileges and mmunies which may be carry
said hereby authorized and Locale
sruct and finally complete railroad from the town OF ST. Paul TO
the southern boundary line of Minnesota Said Railroad
the west side of the Mississippi and ST.
Paul and shall nesect with the Central Missouri and Iowa Rail
said authorized eligible and direct
to lay their said road wide enough for double track through
the whole length the said southern boundary Minnesota
SEC. 2 The capital stock of said company shall of
Millions of Dollars and be increased Five
Millions to be divided into shares Of one hundred dollars each
The immediate and direction of shall be
vested eleven directors, who shall be Stockholders
OF said compan, the manner hereinafter provided who shall hold
their Office year after their election shall be
duly elected and qualified their place drectors
iorty of whom shall constitute quorum for the transaction of bu
siness; shall elect their president the
that said board Of directors shall have appoint all
necessary clerks secretary and other officers the trans
of the business of the said company.
B. The said corporation hereby authorized by their
agents surveyors engineers cause
made the ground country direct
and advantageous from St Puto the sand northern boundary
line Of Iowa in order to determine the course and location the
said shall be lawful
and take Of and all such lands and real estate
necessary the construction Fror,ded all
lands taken used by sd
for the building said road shall be pad Tor by the
COMPANY (exceptng sand company fer
that pupse) price be mutually agreed by
SAID corporation oi such land and
IN case of the price shall estimated fixed
prov Tor taking lands ior the
ton of public roads canals other public works as PlodeoW by
the act right of way, approved March g. c45
any person shall wiIuI, maciousiy, wantony,
and contrary law obsruc the o any can on sand ra
oad any thing belonging thereto shall damage, break
she they shall forfeit and said for every such
offence tbb the amour, Of damages that shall proved
any competent sustained and been sued for
the and behalf Of said company and such Offenders
shall be deemed guilty of msdcneanor shall be liable
dcnent other indictments found,
county where such offence shall have been conmd
and upon such offender shall be liable TO me
exceeding five thousand dollars for the OF the county where
such indictments may have been found
SEC s. The time of holding meeting of said
pany the election directors and Determined by
the bylaws OF said company and at all meetings each stockoder
shall be entitled person by lawful proX one vote
for each share of stock in said company.
SEC g. The named in the first section OF h's ac' are
hereby authorized open subscription books Tor sad stock at
such places they may deem proper and % keep such DOORS
open until least the of fifty thousand dollars OF sad caP
shall each
scriber pay five dollars each share at the time OF sbsc-
bing When such shall have been subscribed the
said shall call OF the stockholders By CIV
% f 3 pl and t such n,euu il Shall be lawful to elect
the directors of and when the directors OF a com
chosen, the said commissioners shan sao s"pc
ton books with al! oi money received by them as
pany except he be stockhodcr
SEC That the RIGHT of way the estate purchased
right way said whether by mutual agree
Otherwise which shall become the property OF the COM
pany by operation of law this act provided shall upon the
belonging to the owner or own
lands for the saue become me prop
erty of the said company in fee simple .
The said take and transport upon said
railroad merchandise or ote properly by
power caoc and hX, establish
toll for all and property
SAID directors shall from Time 10
the directors hereby empowered ana "u
make all rules, bylaws regulations and
deem and Xpeden to accom-
pis purposes, and to into effect the pro
act transfer and assignment OF It's stocks
hereby declared personal property and transferable IN
shall provided the bylaws ant ordinances OF
said company
The directors Of said company after the same IS or
shall books the manner prescribed
this fill up the balance OF the capital
stock any thereof the the aforesaid
capital stock the second section
time they deem for the interest OF sand
company nsaments required to be PAD the stock
originally taken and what be taken to increase SAID
capital stock shall paid such times aud such sums as SAID
directors may prescribe
SEC 10 In death gnatiOn removal OF the
President director time between the
elections be filled for the remainder OF
the year. they happen by the board of directors
and IN Of President Vice President the
directors shall have power appoint President tenn
r,,c., tho hy