The Superior times. [volume] (Superior, Wis.) 1870-1912, 1877-04-21

Section 4. The court may, if essential, take
proofs upon the hearing of said petition and the
tered and docketed as other judgments and de.
crees OF SAID court. Either party may file excep.
ceeaing aud ap to the sapreme count from tS
Judgment therein in like manner as appeals are
court may award costs to the prevailing partv
and render judgment there or against the other
party.
Section g. This act shall take effect and be in
aMa nieT ITS passage and publication
Published March n. 1871
CHAPTER IA.
AN ACT to amend subdivision ten of section eleven
An act in relation to railroads and the Organic
cation of railroad companies
The people of the state of Wisconsin II;
senate and assembly, do enact as follows:
Seetien Subdivision 10, of section II, of chapter
le of the general laws fs72 entitled IAN act in re-
compsnies'' pproved March % 1872. is hereby
such sum or sums OF money such rates of interest
and upon such terms said company or its board
of directors shall authorize and agree upon. and
may deem necessary or expediont, and to execute
one er more trust deeds or mortgages, or both as
secession may require, on any railroad or railroads
company, for the amount amounts borrowed or
owing by such company, upon such terms and in
such manner as such company its board of direc-
tors shall,deem expedient; and such company may
make such provisions in such deed or mortgage for
pedging or transferring their railroad track right
OF way, depot grounds, rights. privileges fran
furniture, tools, implements, appendages and ap'
purtenances used in connection with such railroad
or railroads, in any manner whatever, then belong
ing to said company, or which shall thereafter be-
long to it, security for and bonds debts or sums
mortgage as they shall think proper; and in case
Of sale of any railroad or railroads, or any part
thereof constructed or in process of construction
ny any railroad company, on or by virtue eff any
crust deed, any foreclosure Of any mortgage
such sale and their associates, successors and
assigns shall have and acquire thereby and shall
exercise and enjoy thereafter all and the same rights
privileges, grants, franchises, immunties and ad
yantages in and by said mortgage or trust deed
enumerated any conveyed which belonged to and
were enjoyed by the company making such deed or
mortgage, or contracting such debt, far the
road, or the line thereof mentioned and described
In and conveyed by said mortgage trust deed and
no further fully and absolutely in ali respects as
the corporators, shareholders officers and agents of
had not such sale or purchase taken place such
purchasers; their associates, succes assigns
association aud electing directors as provided in
this act; and may distribute and dispose of stock
their business generally in the manner provided by
this act and such purchaser or purchasers and
with all the powers, privileges and franchises con
ferred by and be subject to the provisions of this
foreclosure sale, and so organizing anew. here.
inbefore provided, own or represent majority of
and also include the persons who the rendition of
such Judgment of foreclosure decree owned a m jor-
under such Judgment or decree shall not be deemed
or held to be such sale within the meaning of any
company, to deprive the parties so purchasing
and organizing anew. or the company SO organized
of any special exemption, privilege or immunity
granted by any law of this state to the company
which executed such mortgage trust deed, and
operating upon any of the property in such iustru
ment described, embraced or referred to but such
parties so purchasing, in this proviso first men
toned, and the company organized by such pur-
chasers shall have, possess and enjoy any such
special exemption, privilege immunity as fully
the company executing such mortgage or trust deed
might or could have done if this foreclosure or sale
had not taken place.
Section 2. This act shall take effect and be in
force from and after its passage and publication
Approved March g. 1877.