Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1873-04-09

1t appears that our borough 10 TO b
blessed with another bridge across th,
river, toward which . large amount
of money has already been subscribed
The charter don't quite suit US, but I
Is decided improvement on all othel
charters, because IL 10 partially free
We are radically opposed to there be-
ing any moro toll bridges erected
across the streams in this county
Below will be found the charter foi
the now bridge, which was approved
the 10th day of February, A. D. 1873,
AN ACT
To Incorporate the Pennsylvania Bridge
Company.
SECTION l. Be ii enacted, DC, That
James L. Lesvy, Joseph Shaw, John
A. l.. illegal, John Smith and Richard
Shaw, Jr., and such others as may as.
sociate with them, DO and they are
hereby created corporation in deed
and in law by the name, style and IT,
tie Of the Pennsylvania Bridge Com
pany, with power TO Greet a bridge
over the West Branch Of tho Susque-
hanna river, in the County of Clear
field, at any point between the west
end of Locust street, in Clearfeld,
and the end of the Goshen road, ut
the river, adjoining the farm Of Jo-
scph Shaw, with the right and privi.
legc Of entering in and upon the land
at the end Of any street within the
borough Of Cloarfield, thero to erect
their abutments and locate their said
bridge; and the said corporation
shall DO entitled to oil tho privileges
and subject " NIL tho provisions and
restrictions of the act regulating
bridge companies, approved April 18th,
ono thousand eight hundred and fly
five, and the several supplements there
to, except when rendered unnecessary
by the passage of this act.
SEC. 2. The capital stock Of the said
corporation shall be ten thousand dol
lara, to be divided into shares of TWEEN.
ty.five dollars each. Tho number of
Directors Of said corporation shall be
fivo, and the corporators named in the
first Section of this bill shall be Di.
rectors of said company until their
successors are elected in the manner
provided by the Bylaws Of the said
corporation, which said Bylaws they
are hereby authorized and empowered
to make.
SEC. 8. Tho said corporation shall
have power and they are hereby au-
thorized to mako tho said bridge q
free bridge, under such regulations
and restrictions rs they may fix, and
they may provide that each Of the
shares of stock of said bridge com.
pany shall forever entitle tho subscri-
ber thereto TO free passage over the
bridge aforesaid so long as il shall cx-
ist with all of his teams, hauling and
freight.
Src. A. The said corporation is here
by authorized to borrow money to an
amount not exceeding ten thousand
dollars, and to issue therefor it's cou-
pom bonds, in sums not exceeding Ave
hundred dollars each, bearing interest
not exceeding zen per centum, and to
secure the payment thereof by q
mortgage upon its corporate fran
chises, real estate and bridge, and may
provide that the holders of any Of
said bonds may have the right OF free
passage over said bridge, and may in
sert the same in the condition of the
said coupon bonds.
SEC. 5. The stockholders of said cor.
poration, may, at any time, by vote
Of two-thirds Of the said stock, pro.
vide for making the said bridge toll
bridge, reserving the rights of the
urTginai subscribers and tne pond
holders to FREQ passage, or may pro-
coed, at the option of the Directors, to
make the same free bree bridge from
the commencement.