The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1858-02-20
AN CT
To INCORPORATE THE EASTERN TEXAS
RAILROAD COMPANY

SscrIos !, BE /, enacted BY The Legi,laiipre
of he STATE n Teas, That Michael & Bright,
Thomas Il Line, la, aud Samuel H. W iliner,
and their associates. or majority OF them, be,
and ar, hereby created and established u body
corporate and polite, uncer the name OF The
Eastern Texas Railroad Company" with
capacity IN said corporae name TO make con
tracts. TO have succession. ard common seal,
to make by laws for the government and regu
la,ion Of the Company, to sue and be sued, to
plead and be implerded, To grant aud receive,
and generally to do ard perform all such acts
Ms may be necessary 81 proper for or 'n'adcn'
tai to- the iultllmenl Of its obligations or main
i,unuec OF It's rights under this act, ard ~ ae-
cordance with the Constitution of the State Of
Texa-.
SIC , Tina, said Company be, and are
hereby invested with the right- a locmiing,
constructing, owning. and MAINTAINING Rai-
way, commencing nj Galveston Bay, or at amy
potn, between said Bay and tide water OF
Sabine BAY, and thence running BY such course
and 10 such point ut the town Of Henderson
mining through the town of Nacogdoche- u.s.
said Company NAV deem most eNlcdicni and
suitable: T. orided, That It when this R2ad Is
eompl,ted 10 the town of Nacegd0ehe-, the
Galveston, Houston and Henderson Railroad
hail have extended beyond that place, ON rs
line to Henderson, then, aud IN that case, ihe
..d Eastern Texas Railroad shall forfeit al
right to continue their Road beyond Naeogdo-
ehrs, except for the purpose of connecting With
said Galveston, Houston, and Henderson Rail
road At the nearest practicable point
Sc 3 That the patu.- named " this Act.
or "A maiofity OF thcm, with such ~ may be as
SCENTED with them are hereby appointed com.
tod sxtf vf4ritf q
forming and organizing said Company and Of
exercising the power Of Directors, uuia Direc-
tor. are chosen. which shall be within six
mon,hs from the passage Of tins Act, when the
powers Of the Commissioners shall ceasc.
Src / That the capital stock ef said Com,
pauy shall be- seven millions hye hundred thou
said dollars divided into one hundred and
fiiiy lhou-aud shares, Of ii1y dollars each, and
each share er.uliug the owner thereof, to one
vote. ia Icr.cn, or by written proxy, at oil
meetings e the stoekho der- aud the share
shall be- deemed personal estate, AID -haA BE-
transferable hy any conveyance in Writing, re-
corded on the bonks of the Company, kept Tor
that purpose VT such pace on the lne Of road
~ the Directors nay appoint,
Srr D. That the affairs and business OF
said tompaty shall be- conducted ana managed
o., a bonfd 81 Directors, net less lhnn hse va
.nu,bcf. who shalt be- elected ~ the general
,,eetingu f the stockholders. 20 be held a@nn.
adv: the, shall hold their Offices for the prrod
OF twelve months and until their successors
are ELECTED The time for The first election shall
De appointed by the corpuratofs named ih t'i'
act. of which due and reasonable notice shaii
lie given; ard -hnuli the Stockholders iatl Nn-
nuay thereafter 10 meet ard eject Directors
as aforesaid. the Directors, ~ oihee shall ap-
point a day for a special election, wing ''"c
antie. \ofcfsln shall be cligih'" ~ a Dire
toy unless be br the owner at ten shares 81 inc
,,n,tai stock The said board shall elect d
President frem their numher, til vacancies, APP
point a Treasurer aud Secretary and -. %
officer. "a. they may deem necessary, and re-
onrr security ter the faithful performance "i
Ia If duties. Also to pre.ccbu tae uhe Tor
the PAYMENT oi m.iaiimeut- or assessment *
uu,n tbs .turk. ard tie amount oi uri Il-iA.l-
n,.uis or nSs.~.m.nts, 80 dr,larc tll. l"ficiinfe
Of such stock for uon-ptymeht' and 10 40 "r
rnn.r to be- done, all ether acts or thint~
y,iich they NAV deem necessary of proper ~
conducting th. business Dt sad company y
mniofit, Of said Board of Directors "lHili CON
sttuie q Board for dung business Az n-trn-
urutsiu writing executed by He re dent ana
Treasurer, undcr the seal oi the company
with tu,. ,nnse,r ~ She Board # Dfcetor.,
snail ne valid aud hlndug, provided mat auth
.otty,,Auce a Il contract he made 90 conformity
To the pencfal kaUroed Laws NOW existing or
hereafter to be enacted
SIC & that the Directors shli have M
power To- dispose If the capital >tncN "a su'h
a manner aud on such tefms a- they may
deem beat for the Inserest, 81 We company
and any agreement sn ~riine' whereby any
person ,nn, hecome subscriber 10 w e"p'NN
100. q
stool. II said Company, may be enforced against
him according to IT, terms, Frotmea' h"t ti'''
Company -ifail not issue any stock iai less '"a"
1T, iace value
sac. 7 That sail Company shal nave pow
or 10 borrow money on their bonss or notcS Al
such rate as ,he Directors may deem eh'e'''
ont, provided, however, that nothing ~ 'h', "''
shall be SO construed as 10 confer o""N'"s
privileges OF any KIND.
Src s That 1t shall be- the duty oil SAID
Company, whenever any state OF county Road
now established shall be crossed by said Rat
road, TO make and keep in repair noed and sui.
fceut causc,ways at such crossings, aud IN all
cases wher. any person sAal own land on eoin
sides of the Railway, aud there shall be no
other convenient access from one point 20 inc
other. such owner shall have the night OF pas
sage free Of cost At all reasonable times efo-s-
ing said Railway. and if SAID Railway shall
cross any nasigabIe stream, It shall NOT inter
ferc with the navigation of me same
SIC. o. Tha, said Company shall have inc
right TO charge and receive such rates ana
prices for the transportation Of passengers ana
freight, M shall not exceed i've cents per mile
for passengers and Tor frcights not exceeding
fifty cents per hundred pounds for every hun
bred miles the same may be carried.
SIC, 10. That il shall as laaial for said
Company to enter upon and hold in fec for the
purpose Of locating. constructing, and main
tanning said Railway, and as u right Of way,
any Of the public domain tiirougl, which said
road may pass, not to exceed two hundred
fee, in width, and so much IN addition thereto
Al the proper points ON the line Of said Rond
m may BIZ necessary for dcpots and other puo-
lie buildings, and any other lands or lets, Tn.
property Of individuals, through which sad
Road may pass, may BIO entered upon, taken
possession Of and held in fee, for the purpose
herein specified, by said Company, in the man.
her provided for in this Act aud that sais
Company, before entering upon and taking
possession OF land, except publn land. for the
purposes specified in tbs next proceeding see
ton shall ngrcc with and pay the owner there
Of the value OF the real eatste Illus taken, to
gethsr with the value Of any other proPcrs,
that may be taken or destroyed by the seiurs
Of said land, aad together with the damages
that may be done to The real estate OF propert,
NJ The own., .f tbo suA TINA tnken nounrn