The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1864-04-13
TURNPIKE CHARTER.
Richmond md Williamsburg Turnpike
Company.
IN Act to Incorporate the Richmond an
williamsburg Turnpike Company.

Company.
An Act to Incorporate The Richmond and
WIliams6srg Turnpike Company.
Whereas, The citizens Of Richmond
and Williamsburg, and Of the different
points between those places, made their
subscriptions OF stock to the amount Of
twelve thousand dollars by the following
contract. We, the undersigned in con
alteration that Robert Morrison, Caleb
Shearon, Benjamin Harris, Stephen Cof-
I'm, Moses Davidson, Elias Bond, Viii
liam Brooks. James Thomas, Jesse Starr,
Levinus King and Thomas II. Cook, will
commence on or before the first day of
September, A. u. 1913, and prosecute
reasonable time, n Turnpike Road lead
ing from Richmond to Williamsburg,
and will also hereafter procure a charter
OF incorporation from the Legislature OF
the State Of Indiana, incorporating the
subscribers Of stock in said company who
now or hereafter may subscribe for the
same, promise and agree with the said
persons above named to take the mum
Der Of shares Of stock in said Turnpike
Company, OF the value OF twenty five
dollars each, set opposite our names, and
wo further promise to pay for the said
stock to said persons above named or
their assigns, in five semi annual install
ments for the benefit Of said company to
be laid out in making and completing
said turnpike, and we promise to pay the
first instalment in thirty days after the
work shall have been commenced; and it
~ further agreed with the persons above
named, that when said charter OF incor-
poratiOn shall have been received and &C
cepted by said company, that then our
subscriptions shall be taken to be due
and payable and as fully transferred to
said corporation IA though the same had
been originally made to said corporation
with full right to collect and receive the
same in the name OF said corporation.
And whereas. the individuals in the above
named contract, did upon the LIST day of
September ls4S, commence said work,
by surveying and locasiHg the said turn
pike along part Of the line between the
said city Of Richmond and w Williamsburg,
now therefore, t.as..
SECTION L., BE it enacted by the Gen
eral Assembly of the State of Indiana,
That Robert Morrison, Caleb Shcaron,
BENJAMIN Harris. Stephen Coffin, Moses
Davidson, Ellis Bond, William Brooks,
RatliY, William A. Bickle, Levinus King
ors in Office, duly elected as hereinafter
directed are hereby constituted a body
corporate and polite, to be known by the
name and style Of the "Richmond and
Williamsburg Turnpike company d by
such name shall be able and Capable in
law 4 cquity,to sue and be sued. plead and
be implicated, defend and be defended,
answer and be answered unto, in any
and all courts of justice whatever, to
make and use common seal, and the
same to alter, change or renew atpleas-
ure, and shall be able and capable at law
to make contracts and enforce the same,
and to make and enforce the necessary
by laws and rules, to enable them to car
~ into effect the provisions OF this act
and tho objects contemplated by the
same, not inconsistent with the laws and
constitution Of the State of Indiana.
SEC 2. And be it further enacted,
That after the acceptance Of this charter
OF incorporation, all the subscriptions
made under the contract in the foregoing
preamble specified, and the same are
hereby as fully and completely transfer
red to said corporation as though the
same had been originally made thereto,
with full right TO have, demand, sue for
and collect the same and any and every
part thereof in the name Of said corpo-
ration and i'm all suits and proceedings
for the said subscription or any part
thereof, it shall be lawful for the said
corporation to declare as on y promise
made directly to itself and the said con-
tract before specified with the names
thereto subscribed shall be taken in all
courts Of justice to be sufficient evidence
in support Of such averment, and all Of
the acts and proceedings Of the persons
in tho preamble specified as . board of
commissioners acting under said sub
scription be and the same are 1egalizcd
and confirmed, with full right in the said
directors to alter, annul or amend the
same as the exigencies Of the case may
require.
COMPANY shall not be less that ten thou
sand dollars, nor more than thirty thou
ssnd dollars, divided into shares Of
twenty i've dollars each.
~SsC. l. The directors named in this
act, or majority OF them, may meet at
such time and place as they may agree on
and organize said corporation by electing
one Of their own body PRESIDENT and
after such organization, majority Of said
directors shall have fnllpower to carry
into effect the object OF this act until an
election she'll be had by the stockholders,
in accordance with their bylaws, for
their directors. .~.E.--s.r .a.- 49, 4
Sac. S. The corporation shall have
power to appoint agents, clerks, treas
urers, supcrintendents- surveyors, engi-
neers, aF<ises, and all other officers and
persons necessary to carry into effect the
object OF this act they shall keep jour
nal Of their proceedings, in which shall
be entered al BY laws, rufes, regulations,
and al orders Tor the payment of such
allowances a. may be made to their Off
GERS, and others n their employ: which
Journal shaN BE- reed from time to time
by the board. and il found to be correct,
to be signed by the President. They
may sit ON their own sdjOurnments or on
the order Of the Presideat when the
President 10 absent, they may appoint .
President pro fess.; they may fill all va
cancies which may happen in THEW own
body.