The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1868-07-23
ESTABLISHED. 1881.

more than one hundred shares of saiC
. STOCK Provided further. That every
subscriber shall pay at the time N
subscribing twenty-five per oentun
OF the amount by him snh-
scrlbed to the treasures fsnnoint.
ed by the corporators. or h!s onh.
scription shall be null and void Tf a.
the end of two days, a larger omo1nt
than the capital stock of said comnsnv
shall have been subscribed. the b1oE9
: shall be closed, and the said cornora.
tors. named in the first section shall
forthwith proceed to apportion said
capital stock among the subscribers
pro rata, and make public proclama-
ton Of the number of shares allotted
! to each, which shall be done and com
! pletedFon the same day the books are
closed: Provided further, That
nothing shall be received in pay
ment of the twenty-five per
centum at the time of sub
scrlbing except money. And
when the books of subscription to the
capital stock of said 'combany shall
i be closed, the corperatnrs named in
| the first section, or Iaajority of thom.
and in case any of them refuse or neg
lect to act. then a majority of the
remainder, shall, within ten days
thereafter. call the first meeting of
the stockholders of said company. to
meet within ten days thereafter for
the choice Of directors, of which
public notice shall be given for five
days In two public newspapers pub
ished daily in the city of Washing
ton, or by written or printed personal
notice to each ,stockholder by the
! clerk of Incorporation. And in all
meetings of stockholders each share
shall entitle the holder to one vote, to
be given In person or by proxy.
SEC. 13. And be it further enacted.
That the government and direction Of
the affairs eofs company shall be
vested IN board of. directors. seven
In humber, who shall besteckholders.
and who shall. hold their Office for
one year, and until others are dulv
elected and qualified 60 take their
places as direetors.e And the said
directors majority of whom, the
1Rresldent: being one, shall be quo |
rum) shall elect one of their number /
to be president of the board, who !
shall also be president of the com
paDy; and they shall also choose a
treasurer, who shall give bonds with |
surety to sad Company, in such sum |
as the said directors may require. for l
the faithful discharge of his trust. In I
case of a vacancy in the board of di-
Tectors. by the death, resignation, or
otherwise, of any director, the vacancy
oceasioned thereby shall be filed by |
the remaining directors. a .at
SEC. II. And belt further enacted,
That the directors shall nave full |
power to make and prescf;be such I
bylaws, rules and regulations as they /
shall deem peediul and proper tend |
ing the disposition and management /
OF the stock, property, estate, and |
effects OF the company, not contrary
TO the charter, orr to the laws of the
u nited States, and the ordinances of
the city and county of Washington
Provided, That the directors of said
corporation shall have power to
require the Subscribers to the capital /
stock to- payithe amount by them re-
spectlFelyi subscribed. at such time,
after the first iustalment in su9h man
ner and IN such amounts as they may
deem proper; and if any stock !
holder shnll refuse or neglect to
pay any instruments, as required
by a RESOLUTION of the board of
directors, after reasonable notice of
the same, the said board Of directors
may sell atipublie auction, to the
highest bidder, so many shares Of said
stock as shall pay said instalments,
land the highest bidder shall be taken
to be the person who offers to par-
chase the least number of shares for
the assessment due), under such gen.
eral regulations as may be adopted in
the bylaws. Of said corporation, or
may sue for or collect the same in any
court of competent Jurisdiction.
sa SEC l5.aAnd be it further enacted,
That there shall be an annual meet
ing OF the stockholders, for choice OF /
directors, 70 be holden at such time |
and place, under such conditions, aud |
uponls such notice as the said company /
Ia their by laws may prescribe; and |
said directors shall annually make a !
report, in writing, of their doiDgs to |
Congress and 10 the stockholders.
SEe. 16 And be it further enacted, |
That the mayor, council of said city, |
and the levy court OF said county and |
the several officers of these corpora
tions, and the said corporations, are |
hereby prohibited from doing any act /
or thingaof hinder. delay, or obstruet /
the foastructi9n or operations Of sad +
railway, as herein authorized. y
SEco17. And be it further enacted,
That the said company Shall have at
all times the etfreelaDd uninterrupted
.use1 of 3 the 1oadaway. And lt any
tperson or persons shall wIltuDy and !
n ,.pecessarifv an obstfuct or impede the 4
"a ssage or destroy tlfe cars, depot sta
iffens. .soraafgys other property belonging
To said railway Company the person !
or ,,ersaasa. a.st,uof1eadlRgl shall forfeit /
and nav for each such offence the sum
of ten dollars to said company, to be
Z ecoyered and diposed Of as other
f1es sand Penalties in said city or
seoua9y;i and shall remain liable, In
addition to said penalty, for any loss
or damage occasioned by his, her, or
their act, as aforesaid, but no suit
shall be beoughte hnlessl commenced
within sixty days after such offence
shall have been committed,
! SEC. Is. And be 1t further enacted, /
That unless said corporation shall
make and complete their said railway
lor railways between Pennsylvania
avenue and Boundary Street within
eight months after the company shall
have been organized, then this act
shall be null and void, and no rights
whatsoever shall be acquired under
IT; and that the remainder OF SAID
road shall be completed within four I
years to its proposed terminus IN the
County of Washington.
That there shall be no regulations ex-
eluding any person from any car on
account OF color.
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