Evansville daily journal. (Evansville, Ind.) 1863-1866, 1865-04-14
IlllIisaslllalllaaiallalili7 l'lii
AN ACT

An ACT 70 authorizs the foFmatIon o. eempan5e1
for the construction Of Water works N ano lSI
incorporated cities, 70 eBsoiesnen CITE. 70 sao
serihs stock in such com anies, and =, lssus
aud sell bonds for the psymsnt thereof AP-
proved March Q, lsoo
sxeyros 1, BE is saasted bg Ehs Gsaeral Asssnaolg
Of the State Of indiana, Tbas vhsnsfer ~ 49,,
GoupeiI Of any Incorporated city In the STATE Of
Indiana, shall BY resolution declare Lnet u Is 81
Tsdiept 10 have CONSTRUCTED works for the purpose
Of supplying such city and the IN haoit&nt- there-
on Wits water but that IL il inexpedient for such
city-nnder the powers granted IN ats act OF IN
corporation-to build such works, IL 1nail he law
ful for the Inhabitants Of any such cit5-and
others, to organize n company for the construc-
ton OF such Water Works
sEc 2 ANY NUMBER % persons not less than
twelve, dssiEo1s Of forming company fer sucb /
purpose, shall make, sign and aeknowisdgs esfors /
some officer authorized to take Rck nowledgement Il
Of Deeds certificate In writing, which shall state
the corporate name adopted by the company, the |
amount Of the capital stock, the terri Of its ex-
istsnes-not, hoWevrr, to exceed nfiy yeArsS-ths |
number Of Directors, the names OF those who |
shall manage the affairs OF the company Tor tue
rst wear or until their successors are elected and
qualified, and the Of the city In or for when
such works are 20 be constructed, and the bust
ness Of the company carried on such eeFtineatS
shall be filed In the Office Of ths Recorder OF the
county in which such city is situAts. and snai W
then placed upon record snd a duplicate thereoi
shall be fled in the Ofics OF the Secretary Of
State. d.. .sf .H aas -
sEc When the certificate shall have been
nIed as aforesaid, the persons who shall nave
eoseors shall be body politio and corporate, ana
/ by their corporate anne may take hold Abd oSn-
vsy all such real estate as shall be necessary 20
carry on the operations and effect the op1ectsAho
purposes Of said company; and IL shsll be lawful
/ for such company 70 enter upon any lAhds lor we
| purpose Of examining and surveying the same loI
| the site or sites Of Water Works, RESERVOIRS ana
line Of water pipes Of sHcn company and 70 take
| and appropriate much thereof as may pe
deemed necessary for he same, and 70 that eno
aud purpose said company shall Be entitied 20 Tee
II dan Ia
SEQ 4. The business Of said company shan ~
managed by Board Of not less than nine nor
more than thirteen Directors, who shall be stoeE-
holders therein, and majority o. whom SHAH Dc
residents Of such city, and majority Of IN IN,
Directors chosen shall be q quorum. There snsii
| be an election Of Directors within one year from
the filinR Of the articles Of association, and an
nually thereafter st such times as shall be n4ed
by the bylaws Of such company; three weeks
notice thereof shall be given BY publication ID q
newspaper OF general circulation IA snch CITY
the stockholders shall be entitled to vote either IN
{ syc- s. The oficers Of such company shall be q
president, who shall be one Of the DfTsctorsi 8
} Secretary aud Treasurer, Rld such other ofcara
agents and servants as the Board Of DiFectsri
shall deem necessary for the tr&nsactior oi th'
business Of the companyI sUnh officers shall b
ELECTED annual by the Directors, and shall ali b
required to give bond, with penalty and surety g
| tl,s aDprovaI of said Board Of Directors, eondi
toned for the faithful discharge Of their respect
. i've duties, and shall also take an oath oil Once
SIC. 81 The amount Of the capital stock shal
b5 "
vote Of the stock holdsrs At any annual nesting
Q and such capital stock be divided into shares o
not more than one hundred dollars each. .
: SET Any such city may become a stockhoid
;. an in any such company whenever tbs Common
Council shall 80 direct BY resolution duly entert
mon the minutes. Such resolution shall apecif
the number OF shares 70 10 taken ana SHAH re
scribipR for the number Of shares indicated upo
the books Of the company, aud any railroad com
:. pany Of this state may subscribe for and ow
sroek In such com pany, and shall 10 entitled {
= ali the rights privileges OF other stoch hoQ
| ers and to provide for the pay msnt OF spcn stuc
gbscription, IL shall be lawful for any such cit
10 issue bonds payable At such times as the Com
mon council shaiI direct, aud bearing interest {
n any rate not exceeding seven per cent per hnnnu
and to negotiate the same upon she best tsFh
r Sac. 5. When any such company shall ha'
. been organised under the provisions OF this nc
and after at least half Of the capital stock al
,thorized by its articles Of association shall ha'
Dr. been subscribed 1t shall b. the duty OF the Con
mon Council Of the city in and for which sue
company m propose 70 or et wafer ~1 on -.
y utea TO grant 10 such company such right TO q
D. use of the streets. alleys, wnarves aud publ
grounds o. such city shall ba niece fsAry TO eni
m 5Ie sneh company to construct the proper wori
. for the supply Of water for the use OF such CT
Z and its Inhabitants. Frsvided, that the Oomme
IA Council OF such cry may In such grant lmpo
snch lust and reasonable terms, restrictions ~
n limitations upon such company. in reference
the manner in which such streets, alleys, wharv
/. eEce 10 the charging and collecting OF tolls wat
"a ients, OF other compensation Tor the supply
a. ! water to be furnished by sech company to SUI
city and its Inhabitants, IS shall be necessary
Do | guard against the improper use OF such street
alleys, wharves and public grounds, ana TO pr
no tect said city and its Inhabitants from the imp
10 siton of any undue excessive rates or charg
~ Tor the supply OF yTaier, but NO restriction sha
be- imposed by said Common COUNCIL which VI
a prevent such company !s., Ssoa az ts
. cent. after paying cost Of all necessary repai
IN szc. q THAT from and after the expiration
W. trenty.aye wears from the time Of the organic
in ton OF any such company, the Common COun'
, Of the CITY In aud for which such company m
ne have erected its works. shall na~e the r,sht .
" the buildings, fixtures, apparatus and property
he such company, with all its corporate rights a
privileges, at such price as may be agreed N
between the Common Council OF such city and I
Board OF Directors Of such company and In g
re- OF disagreement between the parties the price
- be akcertained and determined by nre disint
~ ested persons n N residents of such city, two
nd whom ic be chosen by said Common Council a
two BIZ the Board of DirectdTs OF srch conpaI
ew and the fifth by the four chosen PT0utded Il
the right of such city TO purchase such woI
no shall accrue Immediately, ii az the end OF tive
ant years from tbs time of the organization OF su
company, or at the expiration Of sny year the
on after Il shall appear that such company has i
ar posed.an collected such rates CT charges Tor
m supply Of water as shall have caused the ayers
annual income or dividends OF such compal
upon its capital stock, to exceed ten per cent,
he ter paying the cost of all necessary repairs
expenses and exclusive Of ous and one-half
Inc cent. per annum, which may be set apart ana
served as a surplus OF contingent fund.
SEo. 10. such company shall have power
Al authority TO charge and collect from such c
~ and the fnhabitants theaeof and an others, 81
his rates for the water furnished, as shall be Al
| by It's BY laws, rules and regulations subject Of
put to the restrictions imposed by such Comm
ro. Council as aforesaid - r.
io SEC IL. Such company shall annually, at LEI
ten days before tie election q pirscters, M
out full and complete exhibit Of slfthe ope
ire tions of the company during the current ye
u | containing current account of ell the recei
'hh and disbursements thereof; also showing
md | amount of capital stock subscribed,
| amount Of such capital stock actually paid in,
md jamount paid during the year in the constr
+ - ton and repair OF the works, the amount p
zen out in the ordinary expenses of the oompa
A. | classifying the expenditures, and giving
she amount paid out under each classification, as
same appears on the books OF the company,
amount COLLECTED from such city, and the amo
wO collected from individuals for water supplied
. | amount placed to the ere dit Of the reserve fu
lte- the amount Of dividends declared and the amo'
tho of such dividends drawn, which exhibit shall
sA verified by the oath Of the Presids mt and SCI
as tary, and published IN some public newspaper
general circulation in such city, ten days succ
ain ively, before such annual election.
- sEc. IL. 1t is hereby declared that an emergs
tne exists for the i'm mediate taking effect Of this
"a and that the shall take effect and be in 70
from and after its passage. .s.---.-as..-.-
ere -----s-------
Enthusiastic Loyalty.
the The great armies that have so lc