Council Bluffs bugle., 1855-04-27


bridge acros the Missouri river opposite the
town of Florence, Douglas County, Nebraska
Territory, to afford an easy and safe passage
for persons and property across said river,
and by that name they shall be and are
hereby vested with an exclusive righti to
bridge said river for the space of two and
half miles each way from said point, ana
may have perpetual succession, and shall be
persons in law capable Of contracting ard
being contracted with, suing and being sued,
pleading and being impicaded il all courts
of Lag and equity, and that they and their
successors may have common seal, and
may change or alter the same at their pleas
ure.
SEC 2. The capital stock of said COM
pany shall be two hundred thousand dollars.
divided into shares Of one hundred dollars
each, and may be increased TO sufficient
sum necessary to build said bridge not cX-
ceeding five hundred thousand dollars.
SEC. 8. For the purpose Of carrying into
effect the objects of this company john /.
Cook, George Pegram, j. Il. Stutsman, a.
w. 1Iolhster and James c Mitchell are here
by appointed commissioners TO obtain sub
scriptions to the capital stock of said COM
panv, and said commissioners or a majority
U
may open books for such subscription, at
such times and places as they may deem
proper, and keep the same open until the
whole stock is subscribed for. Every sub
scriber shall at the time Of taking stock in
the company, pay the commissioners the sum
Of five dollars for each share subscribed, and
when said subscriptions is full and complete,
or within sixty days thereafter, said commis-
rs Ill II q
meeting Of the stockholders at the said town
Of Florence by proper notice, and at such
meeting the stockholders shall elect from
their members seven directors who shall
manage, direct and govern affairs of said
company one year, and until their success
sors are chosen and qualified, who shall be
vested with the same authority Us their pre-
decesSors.
SEC. 4. The election for directors shall
take place on the first Monday in September
annually. Immediately after said directors
are ch osen, or as soon as they can convent
ently get together they shall hold meetiny.
at which and at all subsequent meetings a
, majority shall constitute a quorum, and
they shall proceed to the election of Pres
ident and secretary from among their own
number.
SrC. 5. At said election each stockholder
shall be entitled to one vote in person or by
: proxy for each share he may hold, provided
that no person shall cast over onc-tcnth of
Z all the votes in the company, and majority
of all the votes given shall be required to
make an election.
SEC. 6. The president and directors shall
have power from tino to time TO make all
, such bylaws not inconsistent with the con.
stitution of the United States and the laws
Of this Territory, necessary for the manage
mcnt and direction of the affairs Of said
company.
SEC. 7. The aforesaid bridge shall be
commenced within two years, and com lc-
ted within ten years after this act takes Of
feet, and shall be constructed in good,
substantial manner, and so as not to OBJ
strucs navigation, and the company shall be
subject to such requirements and restric-
tions as the Legislature may from time to
tims enacs~ . t 4m -
SEC. 8. This act shall take effect and be
in force from and after it's passage.
Approved February 21st, 1855. ae
l certify that the above Il true copy
from The original rolls on file in this office.
rAtas4 s 7. b. CUNNING, 4zs
~ i, Secretary Of The Territory.