Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1870-04-21
LAWS OF WISCONSIN,
(PsbIfshsd bv .EHfh0rifyD
Published April 6, 1871

| fOu0WS
Section /. VIM. G. LeDuc and Stephen
Gardner of Minnesota, Truman Field j. >.
White. ID. J. Dill, and w. J. Copp of Pres
colt. q. h. Cox and d. S. Powell of River
Falls. III. C.. Putnam and G. X. Gleason OF
Eau Claire, Wisconsin, Cakes Ames ana re-
ter Butler of Boston, Mass, and John j.
Blair ct New Jersey and such other persons
| as shall become stockholders IN The corpora
! lion hereby created in accordance win the
| uroyisiops of this act, shall be and are here
by created body corporate and poitlc oy
the name and style of the Prescott, river
Falls and eastern railroad company, and by
that name shall have perpetual succession De
| competent to contract and be contracted with,
sue and be sued, implead and be impleaded,
answer and be answered. defend and be de-
| Tended i'm any court whatever, but shall never
set up the defense of usary in any court what
| ever. The said corporation may make, have
and use common seal, which it may alter or
renew at pleasure it shall be capable of &C
| curing by deed lease or other conveyance,
| fee simple or any less estate in lands tene-
ments or easements IN the same ana oil coh-
Yeying any such estate or interest by deed
lease or other conveyance, or of holding such
| estate or interest, or any other estate either
real, personal or mixed and shall have and
| enjoy all the privileges, franchises and immu-
mites incident to a corporation, and may do
and perform all and singular the acts and
matters which to any incorporation it shall
lawfully appertain to do and perform for the
we'll being of said corporation.
Sec. 2. The capital stock of said corpora
ton shall be three million dollars, and shall
be divided into sixty thousand shares of fifty
dollars each.
Sec. 3. The said VIM G. LeDuc. Stephen
Gardner, Truman Field, ID. j. Dill. W. j.
Copp, @ b. Cox, o. S. Powell, III. G. Putnam
and q. r. Gleason, are hereby appointed
commissioners to receive subscriptions to the
capital stock of said company. a majority OF
| whom shall constitute quorum and shall
have authority and power, and are hereby
authorized and empowered TO do any act or
thing by which the commissioners, by virtue
of this act may do or perform. The said
commissioners shall give notice, by publica-
/ ton for three successive weeks, in one news
/ paper printed in each of the several counties
/ of Pierce, st. CrOx. Dunn, Chippewa, Eau
| Claire, Clark, Wood and Portage, of the time
and place where and when they will meet TO
receive subscriptions to the capital stock of
said corporation and at such meetings sha IL
prescribe rules as to the manner in which
subscriptions to the capital stock of the COM
pany shall be made, the amount not less than
five dollars, to be paid upon each share at the
time of such subscription, and the times and
|
rules shall be entered at length on the books
OF subscription. The books of subscription
shall be kept open until the whole number of
shares shall be subscribed, when they shall
be closed and no more subscriptions be re-
ceved by the commissioners.
! Sec. 4. Whenever four thousand shares of
the capital stock shall be subscribed in con-
formiiy with the rules prescribed by the COM
missiOners, ard the amount prescribed by
I a
the commissioners shall give notice to the
| stockholders by publication for three or more
/ successive weeks in said newspapers printed
\ in the several counties aforesaid, 10 Aeet al a
| time and place to be specified in such notice,
| to elect fifteen directors of said corporation,
who shall hold their offices until other dircc-
tors are elected in pursuance of the bylaws
of said corporation.
Sec. 5 The said company shall have au-
thority and power, and they are hereby au-
thorized and empowered, to survey. locate
construct, complete. alter, change the location
of reconstruct, maintain and operate rail-
road, with one or more tracks and lines, on
such route, and with such alignment and
graduatiOns as said company shall think
proper, hom Prescott by way of River Falls,
easterly to an intersection of the road of the
| Manitowoc ard Minnesota railroad company
at or near Stevens Point, or at such other
point east as may be agreed upon by said
companies and the said company shall have
authority and power TO take, transport and
convey persons and property upon said rail :
road by the power and force of steam, of an
finals, or of any mechanical or other power.
or of any combination of them, and TO make,
construct ond put in operation Ill such turn
outs, side tracks and tracks connecting such
road with any other which they shall think
will promote the interests of the company
to erect and construct all depOts, station
| houses, warehouses, car-houses and shops, en-
gine-houses and shops, machine-shops and
other fixtures, useful for the accommodation
of said road, and of those using it to manu-
facture or purchase all necessary engines, ten
ders, cars or other cOnvenlencies for runnir g
said road and said company shall have pow
er to connect its railroad with any other rail-
road in this state, and to operate the same in
connection with such other railroad and per-
petually or for limited time, to lease or to pur-
chase from any other railroad company, the
whole or any part of any railroad owned by
any such company and shall also have au-
thority and power, and it is hereby authorized
and empowered, To lease to any person or
persons, company or corporation. perpetually
or for a limited time, the whole or any part of
the said railroad TO be constructed or owned
by this company, together with the rolling
| StOck, machinery OulluliSS, teutlueHlS OF
fixtures, and all other property, real. pers nal
or mixed, of the said company, and all the
franchises. rights, privileges aud immunities
of this company, or to sell the same, and in
consideration of such lease or sale, TO take or
receive such rents or payments as the direc-
tors of this company shall think proper.
Sec, 6. All the affairs of said company
shall be managed by board of fifteen direc-
tors, who shall be stockholders, and who are
hereby invested with all the powers of the
corporation. They shall be chosen annually
by ballot by the stockholders, at the annual
meeting of the company, which shall be held
on such notice and at such time as shall be
prescribed by the bylaws, and at such place
as shall be prescribed by the board of direc-
tors and stated in such notice. AT all meet.
ings of the stockholders, every stakeholder
shall be entitled to one vote for each share oil
stock held by him or her, and may vote in
person or by proxy duly authorized and nc
business shall tie transacted at any meeting
of the stockholders unless majority of the
) stock is represented. In all elections of di-
rectors, the persons receiving a majority of all
} the votes representing the stock subscribed
shall be deemed and declared duly elected
The elections shall be conducted i'm such
|, manner as shall be prescribed by the bylaws
of the company ; and if from any cause, ar
, election of directors shall not be had at the
, time when. by the provisions of this act or o
the bylaws, it should be had, the same may
be held at any other time, on notice to be-
y;ven as aforesaid and until such election bs