Nebraska advertiser., 1857-04-30

onPan agreeable 70 Chapter third ~
Legislature of Nebraska Terrific, . To
San act for revising, consolidating suited
ing a general code for the Terito-T pssPai-
braskas" approved January Is. A n % se
ART. 1.-The business Of tbis Iooo.
shall be, and has the power, to eors, yOlaton
build a Rail Road, with double or s;r. and
from the Missouri river at BrownviiIs uaek
maha county, or at any other point Ne
Missouri river within fifteen milos sad
below said own Of Brownsville to NJ" sos
Kearney, and thence to west line Of n. ROft
tory Of Nebraska, with power to conra.. en-
other road or roads, or extend tbis sHa
States and Territories where the lass ~ y 4
States or Territories permit. ~~s
ART. 3-Said Company shall l.,.
power to make, adopt and be governed \ Ms
rules and regulations as the intersss I sSa
Company may require, not incompatbls ,-sS s
the laws of the United States and this T.a
tory, and may connect with and cen,oIJl.
stock with other companies, provided sis'.us
that nothing in this article of inco, pcraion =
so construed as to give them the Dover ~
privileges Of banking.
ART. Said corporation is hereby .r,.
lied to lay out their said Road one bpn5..5
feet wide, the whole length, and for the d.
pose Of cutting embankments, stone and Ts
vel, may takea Is much more land as msv 4,
necessary for the proper construction and SER
Iity Of said Road.
ART. 5.-The capital stock Of said COm,..
ny shall consist Of i've millions Of dOlar'S
be divided into shares of one bundled dolan
each. The immediate government and DIM.
ton of said Company shall be vested IN A.
persons named in these articles Of ~ineorp1a.
ton, who shall hold their Office until a Ben
of seven Directors shall be elestBd By \,
stockholders of the Company and be quE.
fed.
ART. 6.-The Board Of Directors shall
elected annually, in accordance with TIE nls
and bylaws Of the Company, aud he'd tker
Office until their successors are elected AMI
qualified. The said Directors or a maio5tv
Of them, shall elect one OF their number Prpy.
dent of the BOGrd who shall also BE- Presjdeu,
Of the Company.
ART. THE said corporation shall have
the exclusive power and privilege Of buTdno
a Rail Road between the points before men.
toned, and is hereby authorized by the uuDer
officers, surveyors and engineers % cause saeh
examinations and surveys to be made Of he
ground and country between said points a
shall be necessary to determine the most ai.
~vantageous route OF line for the construction Of
said Rail Road, and it shall be lawful for the
said corporation to enter upon aud take DOS
session Of and use all such lands and real estate
as may be necessary 10 determine the NOT
advantageous route and line for the construc-
ton Of said Rail Road. And it shall be av-
full for the said corporation to enter upon and
take possession and use all such lands and
real estate as may be necessary for the cons.
%truction and maintenance of the Rail Road
and theoccupatioa that may be requisite to The
same, and may purchase. or receive, ard hold
lands for the purpose of said Road, and to all
as means for its construction.
Arr. 8.-That any person or peSOns, mali
ciously, wantonly, or wilfully damaging ords-
stroying any property belonging TO said CON-
/ pany, shall forfeit and pay to said company
5 treble the value thereof, to be ascertained BY
any court having jurisdiction, and shall ls
deemed guilty of a misdemeanor, AID punish
ed accordingly.
ART. 9.-The Board Of Directors shall FIX
the time and place Of holding the annual cleo
tion and regular meetings of the Board and
Company, and at such meetings each stock
holder shall be entitled to one vOte IN 5aza7
or by proxy for each share he lawfully owns
IN said Company, provided that no pesoa
shall at any meeting cast more tban one-enth
of all the votes Of said Company.
ART. 10.-And the aforesaid incorporates,
or a u%.aiority of them, are hereby authorized
to open subscription books for the stock OF said
Company, at such times and places as may be
agreed upon, by their giving proper notice
thereof by publication, requiring such per cent
upon each share subscribed as they may deem
proper, and when two thousand shares are
subscribed, such commissioners snail call
meeting of the stockholders for toe purpose OIL
electing a Board Of Directors for the ensuin.
year. And when the said Directors are chosen
the said commissioners shall deliver to tht
said Board Of Directors all books, moneys anC
other effects belonging to the Company. Tbt
said Company when thus organized are herebl
authorized to issue certificates Of stock, to Dor
row money not exceeding the capital stock
and make all such contracts as may be neces
sary to carry into effect the powefs herelI
granted, and for the purpose Of Obtaining mo
ney with which to build or equiv said road @
any part thereof, said Company MAY issue ID
bonds, signed and sealed By such Of its officer
as may be authorized by its Bylaws in sael
amounts, and payable at such times and viii
such rates Of interest and may be sold for sueI
sums as the Directors may determine.
ART. 1.-THE corporation may take an'
transport persons and every species Of propert.
and merchandise, or produce, or ether pIopert.
by the force Of steam or other power, add ma.
fix and establish rates of toll for the tFanspor
tation Of persons and property over said Road
ART. 12.-The said Company shall trans
port the United States mail upon such term
as may be agreed upon by the Post Office De
partment and the Company.
ART. l3.-The Company shall commend
constructing said Road at some point With
the boundaries on the Missouri river, as spec
fed in article two of this article CT ASSOCIATION
within ten years from the date Of filing an
recording Of this article, and complete fort
miles Of the same within five years from tn
date Of such commencement.
ART. 14-Said Company falling to eompl
with the acquisitions Of this article Of incoI
p~oration, the privileges herein secured shall ;
null and void.
ART. 15.-This corporation reserves to itse
the right to make such changes in these art
cIes Of incorporation as may be deemed ne,
essary, agreeably to the power vested by SCI
ton eleven of the aforementioned act.
ART 16-Thakt This norno-.t:1. sLo1I rom