The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-06-20
EVANSVILLE Canal Company.
These Articles of Association made
this 29th day of May, 1866,

WITNESSETH THAT for the pur |
pose of procuring for ourselves and |
others who may be interested, sufh |
cient supply of water for manufaetur-
ing purposes, for the extinguishment |
of fires, &C., the undersigned, citizens |
of Indiana, have agreed, and by these |
presents, do mutually agree with and
finally bind ourselves to each other |
as follows, that is to say,
ARTICLE /. For the purpose OF IA |
cilitating the operations Of the Com
pany, it shall be known by the name
and style of the Evansville Canal
Company
ART. 2. In two days from the 18th
day of May, 1866. at meeting to be
called by publication in the Evans
vile newspapers, there shall be Sc
lected by the subscribers hereto, by
ballot, nine (9) persons, to act as
managers Of the affairs of this Com
pany. The said managers shall serve
twelve (12) months, and until their
successors shall have been elected and
qualified.
Arr. 9. The said managers shall
elect one Of their NUMBER Treasurer,
who shall give bond in the sum of
FIVE thousand Is ,00O) dollars for the
proper performance of his duties as
such.
ARE. 4. The said managers shall
elect one of their humble Secretary,
who shall keep the books of the Com
pany, and perform such other duties
as usually pertain to his Office.
ART. s. The said managers shall
elect one of their number President,
who shall call meetings Of members,
preside over the same, and perform
such duties as may be required of him
by any bylaw or resolution of the
members.
ART. 6. Each subscriber shall be
entitled to one vote for each and every
sum Of ten (10) dollars by him sub
scribed and paid
ART T. The managers may assess
the subscribers hereto with the pay
ment of such sums, and at such times
as they may deem proper, not exceed
ing the amount respectively subscrib-
ed. Such assessments may be made
by resolution adopted by majority
of said managers, and entered in a
book of record kept for that purpose,
and if not paid after ten days notice
given by the Secretary personally or
by mail. the said assessment may be
collected as other debts, and collected
at law. $50.
Arr. 8. It shall be the duty of the
managers to procure from the Trus-
tees Of the Wabash & Erie Canal
Company for this Company, a lease of
thirty two miles thereof, commencing
at Evansville, Indiana, for the term
of FIVE (5) years, at the expiration
whereof this Company. shall expire.
After procuring said lease, the said
managers shall, In a reasonable TIME,
put the Canal in order, and shall
keep the same in order, so as to carry
out the purposes of the. Company.
Shall charge and collect tolls. for boat
| or other craft Havigating said Canal.
Shall suitcase the water privileges.
Shall endeavor to make the Company
self-supporting, and, to these ends,
the said managers shall have the ex-
elusive control of the affairs of this
Company. 9sst '-ls
AIT 3. These articles may be al
tered at any time by vote of two
thirds of the members present at any
meeting. eH
ART. 10. The resolutions adopted
! by the Board of Managers shall be in
the nature of, and have the right and
power of, bylaws, adopted by any In
, corporated Company:
q ART. IL. 1t is understood that the
! subscribers hereto are to have the use
4 of the water, respectively required by
: them in their own Individual bust
ness, and the right to navigate said
Canal with boats free of any further
charge. 3fqi hah q .i'S'a
~ But, should any subscriber fail tC
agree to pay a reasonable amount IN
proportion to the benefits expected
any meeting of the subscribers may
by a two thirds vote of the members
present, require him to increase his
subscription to a reasonable sum, and
on his failure to do so, he may be ex-
PEELED from the Company, and debar-
! red from the use of the water, except
on such terms as the managers may
FIX ,as -. s
= ART. II. We, the undersigned
hereby promise to pay to the managers
of the Evansville Canal Company the
sums set opposite to our names, res,
pectively, at such times and in such
J sums as may be assessed and required
! to be paid, according to Article 7th
aforesaid, waving all relief whatever
Il from valuation or appraisement laws
! for value received. wi ~ sas;aT
! Reits & Haney, $50; G. Kratz, $125
4 A. R. Rois, 800; @. Schaum & Co.
! 800; j. C. & j. S. Smith, 800; Jas
). Uric & Son, SIS; D. H. Kennedy, $500
= II. E. -Blemker& Co, sl25; Geo. Munt,
!, ger, 500; +. FL. Fuller, 500; Angus
5 Files, $50; c.. Armstrong, 1925; @
r Decker & Sons, 800; Thomas Bullen
b $500; 7. w. Simpson, 500; Cook &
: L Rn.r &1TG. Torrfr u nir e "a &1Rl