Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-01-16
SET:F-sUsTAINING HORSE-swAP.
PING COMPANY
A Legislative .sTake-0Gr. {,

Legislative ssrake.OfTo
In the House of Representatives a few
days ago, pending the discussion on Sen
ate Dill, proposing to charter dozen or
more STOCK companies, Col. King, of Madi-
son county, in his usual dignifed manner.
arose, and offered the following as an
amendment, which created no little sensa-
ton. Without taking any action, his
amendment was referred to the Military
Committee. The provisions of the bill are
worthy Of a careful perusal
Be 1t further enacted, That John Smith,
John Jones and their associates, shall be,
and they are hereby constituted a body
polltlc and corporate, under the name and
style OF The Self Sustaining Horse Swap
ping Company, and by that name shall have
succession for ninety-nine years, may sue
and be sued, plead and be implicated;
may nave and use a common seal Said
company shall have full power and author
lty TO purchase and swap for horses, mules
ana o'her personal property; to purchase
OF lease All lands necessary for horse-swap-
ping yards.
Inat SAID company organize at such time
ana place as they deem proper, either
with or without notice, by electing all
such officers, orders and business as they
may deem necessary.
Sec. =. Said company may order and es-
tabhsh, from time to time, alter or amend
such laws, rules and regulations for the
| government of their affairs as they may
deem proper, and which do not violate this
charter, or any charter granted to any COR
poratlon In the counties of Shelby OF
Hamilton, and the laws of this State.
Sec. ). be it further ordered that the
capital stock of said company shall not be
less than one horse or mule, and one silver
or orolde watch, worth at least seventy-fVe
cents.
That said company shall have full 7 >wer
and authority to buy and sell. and No
for all kinds of stock, provided they 40
not cheat any one out of more than three
fourths the value of the property so pur-
chased or snapped for
Sec. 4. Should any one deem himself
cheated or swindled by said company out
of more than three-fourths of the prop
erty SO sold, purchased or snapped
for, on four days notice to the company,
may have their matters of complaint and
grievances referred to committee of five
accomplished and competent Horse Jockeys,
to be selected by the company; provided
| II ObAo 1C1uS6o W Sol6Cb btlu
committee, the person aggrieved may select
two of the committee, and the compay the
others, who shall take all the matters in
controversy into consideration, and settle
the matters by the best lights before them ;
and they shall have power and authority to
send for persons and papers, to arrive at
the facts in the case, provided said arbitra-
tors may, if they think best, decide the
matter in controversy, by throwing up
wet or dry, or cross and pile.
Sec. 3. The award of said Committee
shall be final, and no appeal shall be
granted from their award.
Sec. 6. Be it enacted, That should said
Company be adjudged by said arbiters
guilty of cheating any one out of more
than three-fourths of the value of the prop
erty so purchased, snapped for or sold,
this charter to be declared forfeited.