The daily Minnesota pioneer., 1855-06-22
(CONTlNUED.)

(coNTiNUED0
An appeal from any report Ur part or portion OF a
report Of commissioners by the part Of any per-
interested in any parcel of land real estate pro-
posed to be taken by the company, shall stay all work
on the road or other structure the premises in
question unless the company shall deposit in court the
amount Of money claimed by such appellant before
the commissioners, to abide the order Of the court
the said appeal. Whenever any report part Of
port Of commissioners shall have become final, and
whenever any appeal from such report part Of
port shall have been finally determined, the said
Poration SHALL upon the payment to each party inter-
ested the thereby determined to be due to him
her az compensation for property taken, or deposit
the same in the court for his her use, become in
vested, seized Of the title to the lands real estate
Tor which such payment or deposit shall have been
made. and be entitled to the FULL free and perfect
and occupation of the same for the purposes aforesaid
which are, for all the objects Of this act, hereby de-
clared 70 be public purposes. The said commission
ers shall be entitled to receive three dollars per day
for their services, and their compensation and all the
fees Of officers previous to and including the fling Of
the report Of the commissioners shall be paid by the
said company In the title thus acquired to any
lands BY the said company for their use in the mani
heTeinbetore mentioned or otherwise shall prove
detective. they hereby authorized take the pro-
ceedings prescribed in this section to procure the IL
tie from the real owner.
Sc. The corporators nau,ed in the first section of
this act shall meet at Hokah aforesaid the first
will accept or reject this charter. II majority
thereof shall not then and there meet, he or they
who may be present may adjourn the meeting to some
future day, and to such place be they may deem
proper and notify the absentees of such adjournment,
and the same proceedings may be had at any meeting
until majority shall be present. Whenever ma
jority of such persons shall have met, they shall by
resolution determine 10 accept or reject this charter
and notify the secretary of the territory thereof II
they shall determine to accept this charter, they shall
appoint three of their number and such other
person or persons they may deem proper agents
or commissioners, to receive subscriptions TO the
stock Of this corporation and direct the times and
places when and where the books for receiving such
subscriptions will be opened, and such books may he
opened by different agents or commissioners at differ
ent places. at the same time. Every person who
shall subscribe for any stock Of this corporation shall
at the time of subscribing pay the agent commits
soners two per cent the amount OF stock so sub
scribed.
81. Whenever fifty thousand dollars shall have
been subscribed to the stock of this corporation and
two per cent. thereon paid aforesaid, the stock
holders shall meet in person by proxy at such time
and place as the holders Of majority of the stock
shall prescribe and proceed elect twelve directors
from among the stockholders, each share Of stock be-
ing entitled to one vote by the holder thereof, which
shall be cast in person or by proxy. The directors
board Of directors, and he shall preside at all the
meetings thereof at which he shall be present. The
directors shall also elect one Of their number Vice
President, who shall preside in the absence Of the
President. The directors shall also elect some suita-
bic and competent person to be Secretary. All cove
nants and conveyances of real estate made by the
company shall be signed by the President or Vice
President and atested by the secretary, and sealed
with the seal Of the company They shall also elect
Treasurer who shall give such security for the safe
keeping and payment Of the moneys of the company
as the directors shall require. At meeting Of the
directors seven shall form quorum for the transac-
ion Of business; and all the affairs and business Of
the said company shall be conducted by under the
directions Of the board of directors, and they
thorzed for the purposes specified in this act to make
and establish regulations and bylaws and to do all
things necessary to Be done and not inconsistent with
the Constitution and laws of the United States the
laws of this Territory, or this act. The directors
first elected shall by lot divide into three classes
The first class shall hold their Offices one year, and
until their shall be elected and enter upon
their duties The second class shall hold their offices
two years. until their successors shall be elected and
enter upon their duties; and the third class shall
nod their Offices three years, and until their success
s De elected and enter upon their duties, and
thereafter there shall annually be elected in the man
ner nere.nheiore specified, four directors Of the said
corporation, who shall hold their Offices three years,
upon their duties. Vacancies which NAV from any
cause occur IN said board Of directors may be filled by
appointment by the majority Of the directors in office
and such appointment shall continue until the next
annual election Of directors, when ali vacancies sha
be filed by election. The annual elections shall be
held at the Office Of the secretary Of said company
and the secretary and dsinteresed persons to Sc
appointed by the board Of directors, shall be the in
secors of elections. and shall canvass the votes anG
make and sign certificate Of the result, and the sec
retary shall immediately notify the persons elected
their election. -, .a .. n