Minnesota weekly times. [volume] (St. Paul, Minn.) 1854-1859, 1855-09-04

AN ACT

To Incorporate the Lake Pepin Boom Company.
SEC. 3. enacted BY the Legislative Asssmoy Of the
Samuel stanchned, Henry T. Wells, William R. Mar
shall Dorius Morrison joel sasssat William Hanson samuel
and their associates, and assigns be and they are
hereinafter mentioned, the Lake Pepin Boom
Company, the period Of fifteen and by that name
shall be and they hereby made
pae and be and be sued,
plead and be npeade and defend answer and be
elsewhere, and purchase
and hold estates eal personal or xed far as the same
the legitimate business Of said
company pescrbed payment
debts that be owing tereo aud the same to grant, se
company devise and keep seal ~ make and
bylaws contrary the constitution of the United
this Territory enjoy all the privileges,
chses and immunites incident to a corporation
capital stock Of said company shall be fifteen thou
dollars hundred dollars aud the
board of directors shall have at time whenever
the not exceed
the whole twenty-five thousand dollars And the stock
holders shall be liable for the debts of said company
The iniv named in the section OF this act,
of Them shall books be opened In the town
Anthony Falls, the Ramsey the
receiving subscriptions to the capital stock of said conpan
hcd in the town Of ST. Anthony Falls, and published in
the ST. Paul. In said weeks previous to the
company first six
days after the books opened.
shall been subscribed and five dollars each share
subscribed shall have been actually paid in number Of
who shall majority the then sub
said Stock shall be authorized call meeting of
thereto, by giving days notice of the
place meeting, PUBLISH
ell this Territory, and those OF the subscribers who may DC
present such meeting caled shall have the power and be
authorized elect board OF 1--WE directors from the stockho
said company.
directors thus chosen shall proceed to
their number President the said company
and shall choose one person secretary who shall act both as
said who shall give
bonds to be by the president and directors to the said
lars contoned Tor the faithful and correct discharge Of his
secretay NJ such first meeting said
ws for the and the affairs said
conpany which be altered or amended at any subsequent
IN citing of said board 4 directors.
oTng To- the provision, Of the two preceding sections shall
main in their Offices wednesday Immediately
prcc the 25th December the Ler
eight and hfiyve, which said
sday meeting said stockholders shall be held, aud
board 1--WE directors chosen, who shall remain In OH for one
thereafter; and annually thereafter the "Wednesday
preceding the day If Deco nab,
each meeting Of the stockholders shall be el and
shall be chosen the ensuing
Provided, shall be created in Office, by
power to MI such vacancy for the remainder OF the term
POrded aLsO That the president Of said shall be
rotary always by said board directors
corng the provisions of the fifth section of this act
meeting the stockholders time by giving twenty days
notice of the time and place said meetns in two
directors majority in value Of the stockholders, shall
like manner. Provided, That powers the
PRESIDENT not in this act specially set FORTH shall be specified
prescribed adopted directors
the provisions Of the fifth section this
IS. The board directors shall such times and
places they shalt regulate ty their bylaws the. shall fix
the all officers of the and define their
duties shall by the bylaws regulate the of all
their board and the stockholders, and
orally all the benefit and
Of the said not Inconsistent with the provisions
of this act.
directors and the stockholders, and shall just and true
record all the proceedings such meetings; and
and shall such duties the board o: directors
10. Every entitled vote, which may
b. by and meeting the choice of directors
ce s az h rec," a re % highest number
hall he led At
ing OF the stockholders maio iy in value shall constitute
with transact business, and meeting
the majority quo
power business. And provided that
pre.den secretary respec
elected qualified places.
IL. The SAID shall be and hereby authorized
anu empowered to construct, maintain and keep boom
upon Mississippi such points between the
town of Red Wing and Webs Landing, SO called as III may
May d., 1857, into which boom all the
teth day after the ice out of the river and the first day of
October each shall be gathered by the said
company than thirty days,
by aud between the such
ter h ice is ont of The and the rs dav Of Oc.oner
year, while such logs remain under their charge,
hands their agents; Provided, That the
timber coming down the said river shall drive the
as the town Of Red Wing.
The company hereby author empowered
to construct maintain and keep such boom ooms the
sOushs shores
the head Lake Pepn and the city of ST. Paul. they
necessary prevent logs and timber from floating out Of
channel the said rivers PrOuided That this
erecting hanging side sheer collect
their logs timber at any point above the said town
Red Wing.
Provided that rights granted
with the construction maintaining boom that
Wing. But boom company authorized to
any boom, shall company hereby
I'D such reasonable
under the Of this act and which be used by said
hereafter be created be agreed upon
parties be awarded PROVIDED In the third clause
this sccti.n.
Ana the said boom company shall have the right to pass and
the this
occupy necessary
locating any boUms
Individual individuals shall suffer
taking, using occupying the said company shall just
,nsaton the whenever there shs any
dsprte dis between the parties Aforesaid,
amount Of said damages the question shall be referred three
sntereted Of whom shall be chosen by each of
the parties Aforesaid and the third by the two thus coen
the parties themselves cannot such third
am. the decision of such referees shall he final.
IL. The said shall raft the logs and timber
according marks, shall raft each mark SCI
atry with lines and wedges, with binders, in such
deliver The same to the several OWNERS tbcreof at or near the
boom. Provided, company shall
he obliged to retain timber
boom for longer period than tn days. after notice has been
given to the such logs timber, his
their agents, that such lots timber
ras for running Down the Misssp River the logs or sber
timber belonging such
be agreed upon by the PARTIES and the RATS strings
the shall
strings ready delivery then the said pany
fully drop strings
point boom, expense risk Of the
owner ownersof said RATS or strings.
b. The said company may demand and shall receives and
are hereby authorized The sum OF fifty cents thou
and RATED delivered aforesaid
boom, exclusive Of the charge scaease logs
at point below the said boom
OF owners of said logs may direct.
from the foot said within
section twelfth this the logs
timber shall direct the said boom company
the said SI cmnn~ s m I e Sc ur"veed nem
with