Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1862-05-31

Issue to such payee or bearer, new certif
cate, OF like form ard of the same seies as tha
one surrendered, numbering it with the same
number, and dating it as on the day on which
the last apportioument was made !; but instcas
OF tn word ''6rst," in the words First issu 6. -,
there shall be written or stamped the Wort
second" "third," or any other numelal. a,
the fact may require. The said board 8 hal
preserve the certificate surrendered to them
and mark the same Cancelled"
| s l6. The state treasurer. upon nrese,to
ton of the order drawn upon him by the SAID
board of commissioners, shall pay and hold
the SINE as his voucher: provided, Aoweyer
that money once apportioned but not called
tor, shall not thereafter be considered "a ri
OF said fund in subsequent apportionment
nor shall any expenses be paid out of the
same, nor interest allowed thereon.
s II. If the person who executed any note
or bond and mortgage to any railroad compa
! ny Tor the use or in aid Of any railroad com
pany in this state, which note or bond and
mortgage has been surren dered to said board
OF commissioners, and a certificate issued
thereon, as provided in this act, and such per.
son or his legal representatives or assigns
Snail, within three years after the publication
after the publication of this act, transfer and
capital stock of any railroad company receiv-
ed by him for such note or oond and mort.
gage, Or the price in money which he received
tor such capital stock, or proof that 20 capi-
tai stock was ever received for such note or
bond and mortgage, Or that the certificate
thereof has been lost, such person or his legal
representatives or assigns shall be entitled to
receive such note or bond cancelled by said
board, and the satisfaction piece Of the mort
gage, provided for in section line in this act :
proe7ded that the person so receiving the sarpe
shall pay to the state treasurer the sum of two
dollars for the use Of the expense account of
said fund, which payment shall be condition
precedent to receiving said note or bond can
celed, and the satisfaction piece of the mort
gage; and no action shall ever be instituted
upon any note or bond and mortgage so as
signed to such commissioners: proyided, the
holder of such stock shall 80 deliver the same
up, II he has any, or so prove the loss of the
same
S ls All bonds Issued by railroad compa-
mes ia tLls state, and as collateral security to
which any note or bond and mortgage had
been transferred by such railroad companv
and the holder and owner of such railroad
bond shall have surrendered the same, togeth-
er with the said collaterals thereto to said
board Of commissioners, as required by this
act, and shall have received certificate there
tor, shall be returned by the said board of COM
mlssi:ners to the railroad company having is
sued the same; and all capital stock and the
ccruhcates therefor, or the proof that no cap
ltal stock was issued Or the loss of such Ger
thcate, or the value in money Of the stock
surrendered and delivered to said board. as
required by the last preceding section, shall
also De returned to the railroad company
having issued the same: provided, al,oays, that
such railroad company has filed it's asse Mt to
this act, as herein provided
s ID. The provisions of this act shall be as
sentcd to and accepted by the railroad corpo-
rations required by this act to contribute to
SAID SINKING fund, in writing, filed with the
secretary of state, before any such corpora
lion shall be required to pay into the state
treasury the amounts a. hereinbefore provid-
CO ana when any such railroad corporation
shall have SO filed its assent to and accent
ance OF the provisions of this act, this act
Shall become part and parcel of the charter
or act OF incorporation Of such railroad com
pany, and the same penalties and forfeitures
shall attach to such railroad corporation. for
violation, on their part of any of the pr j.
VISIONS OF this act, as for violation of anv
portion OF the charter or act of incorporation
of such railroad company
20. In case any of the railroad comnanies
mentioned in section two of this act, or their
railroad property and other franchises or cor
crate rights, shall be at any time in charge
ana under the control Of receiver or receiy- |
ers' or any other person appointed by court
OF THIS state or OF the United States, by order,
judgment or decree Of any Of such courts. in
trust tor the creditors ofsuch company, or for
any purpose whatever, such court is hereby
especially authorized and empowered, by or
der Or decree of said court, duly entered of
record, to authorize and require such receiver
or receivers, or other person Or persons thus
IN charge Of and controlling and operating
sucn railroad and other property or corporate
rights OF such company, to exercise all the |
powers and authority, in accepting this act |
which such railroad corporation would have
possessed, If it had remained in full possess |
lon OF all the rights, powers and authority |
conferred by It's charter, and any acts amend |
a'ery thereot; and the acceptance of this &C |
III pursuance OF such order OF decreee of such |
court, py such receiver Or receivers or other |
person or persons as aforesaid, shall be efee-
tual to bind all persons now or hereafter to
become IN any way Interested in such railroad |
company, its yroperty, rights, or privileges.
s Il. After the entire amount of outstand. |
ing certificates, together with the interest due
ana accrued thereon, shall have been fully
provided for by the several succeeding annual
apportlonments, the said board of comniss-
toner's shall be dissolved, and their duties
cease; whereupon they shall transfer all the
DOCKS vouchers and other papers in their pos
session, to the secretary Of state who shall |
safely deposit and keep them in his office; and
II then there shall still remain any money in
the treasury belonging to said fund previously |
aPporuoued and no. called for, such money |
Shall be transferred to the genera, fund of the |
state treasury, to the CT edit of the certificate
OF certificates, specifying the same by i:s or
tnelr number, series and issue, which certif-
cate OF certificates SHALL be paid at the treasu-
ry upon prssentment.
8 ~ The members Of said board of COM
missioners shall be allowed reasonable com
peasation for their services. not to exceed the
sum OF three dollars each per day for each day
actually employed. They shall also'be allow
ed reasonable amount for Office rent and fur.
nlture, statiozery, printing, fuel and clerk hire.
All the expenses of said commission shall hs