American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1867-02-27

scribed by him in money, and no sub
scription shall bersceived or taken with,
out such payment
SECTION s. Whenever the foregoing |
provisions have been complied with, the
persons named as corporators in such ar
ticles of association are snllv authorized |
to carry into effect the objects named |
therein, as fully as aay corporation here
totore created under any special act of i
the Legislature, and said corporation thus
created shal, be entitled TO exercise all |
the rights, powers, and privileges, and be |
subject to all the strictious and liabili>
ties Of the act regulating railroads, pass
ed the nineteenth day Of February, one
thousand eight hundred and forty nine,
and the several supplements thsreto,and
not in consistent herewith, as fully and
effectually as if said powers were special
" incorporated in the said charter. ProUi-
lied houerer, That it shall not be lawful
10 make any charge fol 5he transporta>
tion of anthracite or bitumiaous eoa,s,
iron ore, pig metal; lumber and agricul-
tural products transported in the cars
owned by individual associations or cor
porations, other than the company own
ing CT constructing the railway when
transported therein twenty or more miles
exceeding two cents per ton per mile,
which charge shall include wheel toll
and not exceeding two and half cents
per ton per mile when transported in the
cas- of the company.
SEC. 6. That no street, lane, alley or
highway in any city or incorporated bor-
ough or district, shall be used occupied
or appropriated by any railway company
incorporated under this act without the
consent of the proper municipal officers
thereof, and the payment of any and all
damages, consequential or direct, which
may be or are likely to be sustained by
the owner Of property abuttIng on such
street, lane, alley or highway. Progi-
ded, bowcrer, That such damages shall
be ascertanel in the same manner as
provided for in the act regulating rail
roads, approved February mir eteenth, one
thousand eight hundred and forty>nine,
and the Supplements thereto.
SEC 7. All corporations organized un>
der this act shall Fegin the survey Of the
route, as set forth in their respective
charters, within thirty days after the date
thereof, and shall within six mouths
thereafter file a complete map in the Of
fee of the Secretary Of the Common
wealth, showing the final location of
their railway, and if any such corpora
ton should fail to let the work needful
to construct the railway to bona 6ie and
responsible parties, and proceed with
reasonable diligence to complete the
same, then the right of priority of such
corporation to the location shall cease, and
it will then be lawful for any other rail
way corporation, that will proceed to con-
struct a railway as authorized by the
laws of this Commonwealth, to use any
part Of such location made by another
company upon which ra iway is not con-
structed
SEC, S. Whenever any railway COM
pany, created and incorporated under the
provisions of this act, shall, in the opin-
ion OF the directors thereof. require an
increased amount Of capital stock they
snail, if authorized by a majority of the
stockholders, file with the secretary of
the Commonwealth a certificate setting
forth the amount 81 such desired increase,
and thereafter such company shall be en-.
titled to have such Increased capital as
is fixed by said certificate
SEC. 8. The number of managers of
any company incorporated in pursuance
of this act, shall be president aud not
less than six (6) nor more than twelve
| (l2) directors, as shall Re fixed by the
corporators thereof at their first meeting
to choose directors of said company.
SEC. 10. The directors of any railway
company created under this act, shall
have power to borrow money not exceed.
ing in amount twenty thousand dollar per
mile, nor more than the amount of cap
ital stock subscribed and actually paid up
bona fide in cash, and issue the bonds of
the company therefor, payable at such
time, not exceeding fifty years after the
date thereof, and at such place and at
such rate of interest, not exceeding sew
en- per centum, as said directors may
deem best, and may secure the payment
of said bonds and interest by mortgage
en- the said way and franchises, and in
the event of failure on the part O. di-
rectors to observe and keep in good faith
all and singular the requirements of this
act they shall be held individually La
BILE in Their persons and estates for any
violations thereof or losses incurred
thereby, and that all statutes of this Com
monTeath limiting the liabil tias of rar.
ties so offending or right Of action against
them in actions of law or in equity be
and the same are hereby repealed
SEC. IL. Any company incorporated
under this act shall have authority, I; { el
its main line is completed, to construct
such branches leading from its main line
Of railway to such convenient place OF
points in either Of the couLtic through
which the main line of its railway may
pass as it may deem necessary to increase
its business and accommodate the trade
and travel of the State,
SEC. II. The Legislature reserves the
right to impose upon any corporation con
sgucting railways under the provisions
of this act such taxes upon its property
upon the traffic transported thereon, and
upon its capital stock and bonds, as tho
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