The Weekly Arizonian., 1870-10-08

l EJehold La and E2Igratlon Company
 snh 10 confirm certain IesislAIiou in Colo
 rado Territory.
 Be 1t enacted by the Senate and House O
 Repres sntAtIvss ofthe UGitsi States of A mer- 1 lea ID Cor gress assembled, That William IL Reynolds, hiram Hitchcock, Henry ". Gray, Morton C. tishrr, and sueh o her psraons ss may be associated with them and tseir Euc- csssors, are 1erebY crsstsd 6 body polite and corporate, m the TsrtiloIl.s oG Colorado and New Mexico, by tue nams, style. and the title ei the ''l nItsd States Freeh old Land and Elm Igfa.icn Company and by thai name, shall haYo SucceSslon. and shall be Ebe to sue and bs saei, plead Lnd be iu pleaded, defspd and bs defended, in all prOpzr courts of law aud equity. aud may make and have a common seal
 SRc. 2. And be i: further enacted, That the capital stock of the sad corporation shall bs two and or e-hat millions of dollars, divid sG into shares of one hundred dollars each, and the sams shall be deemed to be pers nal property and transferable on the boobs oi the company only and such cnpitGi stock 1T ay be increase iom time o time 70 the ex stt no- l ces arry to cary out the objects for which said company is formed LotSxceeding in the whole the ann ol ten million dollars, upon vote of two-thiFds III amount ofths stock for the tims being in favor of such increase.
 SEC 3. And be i1 further enacted. That the said comPsny shall have power to make such by-Iaws AS 1t deems proper Tor the dispOstion ot it's property and state, and for tha manage nett of i's business and Affairs, for the regu, lstiOn of the term ef office of ils business A nd afT for he rao,,Ia lion If | of rp,cs of its officers and their eutes, snd' to carry out the general objects ot he corporation, and the same to amend or repeal at pleasure: Provided that such by.AMs shall not con- fl ct with any law of the United States, or of the Territories of Colorado and New Mex~ leo, or Ihs States which may be formed therein.
 SEC, 4 And be it further enacted, That the cOrporatorA named iE this act shall be lhs directors for the first year from the CT, gsaizauon of the com pany. and unnl others elected; aud thereaitrr annual elections 3fvaiIsctors, not less than five or more thsn Il nins in number, shall bs hold by the stock holders, a' meetings to be called for that puG- poas. at which esch share of stock present in person or by proxy shall be entitled ts one vote, and the majority thereof shall elect
 SEC. 5. And be it further enacted, That the general objects of such corporation are, and are he ereby declare to be as follows To promote and encourage emigration 10 and establish settlements on the lands of said company in ha San Louis Park, in the Ter ritorles of Colorado and New Mexico, and, in connection herewith, to establish such agen- ciss Rs 1t may deem desirable; to purchase, hold, leaae, sell, and mortgage any real estste situate in the San Louis Park in said Ter ritoriss, or either of them, now owned or contracted for by any of the persons named ia the first section of this act with any co tenant thereof, bis or heir heirs or sssigns; to survey lay out. and improve ths same; 10 establish, maintain, and opsIate wagon roads to and upon it's IropeIty; to construct and maintain railroad aud telegraph line from any point or lands of said company in the San Louis Park, to the neare st and most practicable poiut on either the Kansos Pacific railroad, the Union Pacific railroad the Dem yer Branch rairC aa, or the Atchison, Topeka and Santa l 6 railroad, and tins said coE- pray, for the purpose of building and opsrat ing such railroad, shall have ths right of ray through he public la.ds of the United States run AHu U t"sSu tHo pO'Dt5 GiGfeE&iR, me said right railroad line; and such corrora- tion shall posSess all the franchises neces- sary to enable itto. build and operate such railroad for the transportation Of freight and FaFssngers, and to collect and receive com pensAtion therefor; and the powers, privileges. and frsAcEiFss conferred on corporations by and under tho provisions of ch&per ghteen of the revi cd statutes of Colorado, CT of any and all amendments thereto, are hereby eennrnSd 10 and invested in said corpora 'ons, subject 10 said statutes for ths purDo- sss of fhis act: Provided, That this act shall not be couatrUed to permit said company 10 acquire title tO any other lends Or re&l estate than such as is above mentioned.
 SEC 6 And be it further enacted Thai such corpor ,tion may maks anj dispose of is bonds or other obligations io such Hmouats, at such rateE, and en such terms as 1t may deem most for its interest, for tue rates, and on such terms as 1t may deem most for its interest for she parpose of borrowing mensy fer the purposes aforesaid, and may