Arkansas true Democrat., 1859-03-30

their successors are elected; that said board of directors shall elect one of their body president, whose official acts shall be bind Ing on the company, and shall also elect one of their body treasurer of said con- pany, who shall enter into bond to said company in such sum as said board of di- rectors may require, conditioned to faith fully discharge the duties of his office. and account for and pay over all moneys which may come to his hands, by virtue of his | office; such board of directors may appoint a secretary, and snch other officers and agents as they may deem proper and expe- dIent for the management of the affairs and business of such company.
 SEC. I. Be a further enacted. That said board ofdirectors may exercise all such other powers and privileges as may be necessary or convenient for the building, conducting, maintaining, or managing of the affairs and business of said company. not incon- Sistent with the constitution and laws of thls State or of the United States.
 SEC. 9. Be a.further enacted, That after the passage of this act, it shall be the duty of the persons hereinbefore mentioned, to open books of subscription, and when the sum ot ten thousand dollars; capital stock IS subscribed, to give notice to the stock holders that an election will be held in the City of Little Rock for the purpose of eiectlng the board of directors hereinbefore provided for, at which election each stock holder shall be entitled to one vote for each share ot stock he may hold in said com pany.
 SEC. 0. Be a turther enocted, That said company shall have power to erect and maintain side lines, from any point on said main line to Batesville, Jacllsonport, Hell ena, Camden, Napoleon, and Fulton, in the State of Arkansas, and such other side lines and branch lines to said lines as they may deem proper, at and from any point of sad nam hne, or to consolidate the line or lines of this company, with any other line or lines in the United States, whenever majority of the stock holders may desire and direct such consolidation.
 SEC. '. Be a .tunber enqcted, That said company shall have the right of way along sad route or routes, over all the public roads, highways, and public thoroughfares of this State, and also over the lands of private individuals, and shall have power to enter upon any lands, and cut and haul timbers therefrom for the purpose of erect ing said telegraph line, by paying req sonable compensation therefor.
 SEC. s. Be a ftnher enacted, That if any person shall destroy, iniure, or obstruct said line or lines, or any materials thereof shall be subject to an indictment, and on conviction thereof, shall be fined in any sum not less than fifty dollars, and i'm prisoned not less than thirty days, and pay said company for all damages sustained thereby
 SEC. 9. Be a turaAer enacted, That said corporation shall have existence under this chartar for the term of ninetynine years from the passage of this act.
 SEC. 10 Be 4 fa5Ther enacted, That as said company may extend towards the Pacific ocean, said company shall have the right to increase its board of dire tors to such numbers as they may deem proper.
 APPROVED, 9th Feb, 1859.