The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1864-04-13
SEC. 4. 1t shall be lawful for the di-

rectOrS tofeceivp subscriptions in money
or approved work; il in work, to be done
at such times as the contractor or con
TRACTORS having the construction of said
road may require, and wages to be agreed
on by the contractors and stockholders,
and if such agreement cannot be effected,
the stock to be collected in money, and q
receipt from the contractor to the com
pany, received through said stakeholder.
shall be sufficient voucher that said
stock is paid.
SEC. s. 1t shall be lawful for all per,
sons Of lawful age, for the agent of any
corporate body, for the agent any coun-
ty, for the agent Of any state, or the L.
States, on behalf Of the same. to sub
scribe for any amount Of capital stock,
and the books shall be kept open FOR such
space OF time and at such places as the
corporation shall choose, and may be re
opened at any time; and they may, by an
agent, offer for sale in this or any other
State, any amount of stock, upon such
terms and conditions as may be thought
advisable; and they shall have power, on
their own credit, to borrow money on
such terms az may be agreed on by the
parties.
SEC. O. 1t shall be lawful for said di-
rectors to organize at any (time) after
the passage of this act, and the said road
must be completed in three years, or this
charter will be forfeited.
SEC. 10. The corporation by their
agents shall have full power from time to
time, to examine, survey and locate the
route for turnpike road commencing at
Williamsburg and running on convent
ent and practicable route by the way of
and by, through or in the vicinity of the
farm OF Walter Legg, to suitable point
on the Newport Road, which runs North
from the National Road, by Robert Nor
risson's farm, to form junction on said
Newport Road, with a road projected by
q company popularity known as the
Spring Foundry Company" leading
from the Spring Foundry by Carnelius
Ratlif"s farm to said Newport Road.
But il the said Spring Foundry road
should not be made, or if the said corpo
ration should deem it to be for their tcne-
fit, they are authorized to extend said
road from said point on said Newport
road to a point on the National road,
West of the National Bridge over White
Water ut Richmond, so as to cross said
White Water on said bridge, said road
shall be constructed in accordance with
the plans and specifications adopted by
said directors, with the right to alter and
vary the same so as to secure a good or
binary turnpike.
SEC. H. 1t shall be the duty of the
directors, ut their first meeting, or within
three months thereafter, to call, by adver-
tisements, for such portions of the first
years instalment on the capital stock, as
they may deem proper.
SIC. IL. Certificates of stock shall be
given by the stockholders, which shall be
evidence OF the stock held; they shall be
signed by the President, countersgned
by the clerk; the stock shall be transfer
able only on the books of the corpora
ton personally, or by an agent, or attor-
ncy, or by the administrator, executor,
trustee, or guardian; but such stock shall
at all times be holden by the corporation,
any dues from. the holder thereof to the
corporation, for any sum that may here
after become due on contract made
prior to such transfer.
SIC. II. The directors shall adver-
tise meeting of the stockholders within
three months after their first meeting to
elect six directors to act as such for the
space of one year thereafter, and uEEi
their successors are elected and qualified;
and in all elections for directors a majori-
ty of the number who happen to be pres
ent, shall be legally majority and quail
fed to elect; and the directors shall have
the power Of declaring the seat of any
director vacant who is absent from two
successive meetings of the board and fill
the same as before provided.
SEC. IA. All elections after the first,
shall be held on the first Monday of April,
annually each person owning stock in
said company shall be allowed to give
one vote for each share so owned, for
one month previous to such election
owners Of stock may vote by proxy or by
legal representatives. Two stockhold-
ers. who are not directors, shall be APP
pointed by the board previous to each
election, who shall act as judges of such
election; give certificates to those who
receive the highest number of votes, in
forming them Of their election; and it
shall be the duty of the directors elect
to meet and organize within three days
after such an election: but if circum-
stances should transpire to prevent such
an election, on the day appointed. the
directors shall appoint another day for
that purpose.
SEC. Is. And for making the neces-
S8Ty eAa1ulnatlOn anu lOcaLlOn, 1t shall Oe
lawful for the corporation, by their
agents, and persons in their employ to
enter upon any land to make surveys sad
estimates. and for the purpose of search
ing for stone, gravel, wood, or other ma
terials necessary for the construction of
said road; but no such material shall be
taken away from any land without the
consent of the owner thereof, until the
rate OF compensation shall be ascertained
and paid or secured to the owner.
SEC. 16 1t shall be lawful for the
corporation either before or after the To-
cation of any section of said road. to OBJ
tain from the person or persons through
whose land the same may pass, relin
auishment Of so much of said land as
may be necessary for the construction
and location Of said road, as also the
stone. gravel, timber, or other materials.
that may be obtained on said route. and
may contract for such materials "a may
be obtained on any other land near there
TO; and it shall be lawful for said cor