Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1858-10-21
Central Air Line Railroad Company.
Be Il enacted By the General ASSEMBLY Of h'
Mate of Missouri, as foiiotcs:

Be Il enacted by The General ASSEMBLY Of The
Mate Of Missouri, as toiiOtcs:
5 l.. A company is hereby Incorporated
called the Central Air Line Railroad, the
capital stock of which shall be ten millions
Of dollars, TO be divided into shares of one
hundred dollars each, The holders of which,
their successors and assigns, shall cons,i-
tuie body corporate and polite, and by
the name aforesaid shall have continued
succession; may sue and be sued, plead and
implicated, defend and be defended against;
and may make and use common seal;
and shall be able, in law and equity, 10 make
contracts; may take, hold, use, possess, and
enjoy The fee simple or other title in and 10
any real estate, and may sell and dispose Of
the same; may make bylaws, rules and
regulations proper for carrying into effect
the provisions of this act, not Repayment 10
the Constitution and laws Of the United
States or this State, and shall have the
usual and necessary powers of companies
for such purpose.
S 2. Thomas L. Anderson, John L. S.
Dryden, of Marion county; Dabney c.
Garth, Clark H. Green. Thomas ]. Bartho.
low, Of Howard county; c. o. Sullivan, w.
H. Anderson, Of Johnson county; William
A. Wilson, w. II. Letcher, of Saline coun-
~, shull constitute the first Board Of Direc-
tors under this act, and shall hold their Of
fees until their successors shall be quail
fled; they shall meet at such times and
place as shall be designated by any three Of
them, and organize as Board OF Directors,
and when organized, they shall cause books
to be opened for the subscription Of capital
stock of said company, at such times and
places as they may designate, under the SD
pervision Of such persons as they may APP
point, and may continue them open so long
as they may deem proper, and may reopen
such books when necessary, until the whole
stock shall be subscribed.
s 3. So soon as three thousand shares
shall be subscribed, the Directors shall
cause an election TO be held for nine Direc.
tors, at such time and place as they may up.
point, and give notice of in one or more
public newspapers.
s 4. An election Of nine Directors shall
be held on. the first Monday of April in
each year; and if not held on that day, an
election may be held at any other time that
the Directors shall designate. The cleo.
ton shall be held under the supervision oil
one or more of the stockholders, and the
persons receiving The highest number Of
votes shall be elected, and shall continue in
Office until their successors are qualified;
every stakeholder shall be entitled to one
vote for each share held by them, and he
may vote by proxy. Soon after their elec'
ton the Directors shall meet and elect ont
of their number President. who shall holt
his office for the term for which he wa.
elected Director, and until his successor
shall be qualified.
5. The Directors shall appoint agents
clerks, engineers, superintendent, and 9th
er officers and servants for said company
shall keep q journal of their proceedings
shall cause correct books and accounts t
be kept; they may determine by bylaw.
what number Of Directors shall conntitute I
quorum; and may appoint committees. ant
fill all vacancies in any office under sait
company; they shall fix the salaries Of the
President, and the officers and agents, but
no Director shall receive any compensation
for his services as such; they may take Sc
curity from their officers and agents; and
may adopt such measures, and do such acts,
as will be best calculated TO promote the
prosperity and usefulness of said company.
6. The Directors shall make and ad-
vertise calls for the payment of the capital
stock, at such times and in such manner as
they may deem proper; and if any stock
holder shall fail to pay any such requisition
within fen days after the time appointed
the said company may recover The same
with, interest, and if not collected, may de-
clare the stock forfeited, and sell the same;
and no delinquent stakeholder shall vote in
said company. -..
!. Said company shall have full power
TO survey, mark, locate, and construct a
railroad from the town of Palmyra, in Ma
rion county, 10 Gloss the Missouri river at
Glasgow, in Howard county, and 10 inter-
sect the Pacific Railroad at Warrensburg,
in Johnson county; and for that purpose
may hold strip of land not exceeding one
hundred feet wide, and may also hold suf-
uCiCub iduu lOT Ili6 INSTRUCTION. OF UcpOtS,
warehouses, and water-slations, and may
select such route as may be deemed most
advantageous.
s 8. Said company may take voluntary
REIMBURSEMENT of the right-of-way for said
road, and the necessary depots and water
stations; and if the land through which said
road shall pass shall belong to minors, in
whole or in part, the guardian or curator Of
suoh minor shall have power TO convey 10
said company SO much of the land as may
be necessary for the purposes aforesaid, on
fair and equitable terms; but every such
conveyance by guardian shall be subject
to the approval or rejection of the Probate
or County Court in which such guardian
ship is pending.
s 8. II any owner of any tract Of land
through which said road shall pass, shall
refuse to relinquish the right-of.way for
said road 10 said company, or if the owners
shall be infants or persons Of unsound mind,
p