Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-04-18
GENERAL LAWS OF WISCONSIN.
Published April g, 1878. ]
CHAPTER SI5.

"
Published April g, IS7s
CHAPTER SIS.
AN ACT to authorize the incorporation of street
railway companies.
The peOple of the state of Wisconsin represented
senate and assembly, do enact as TOH0tUS:
Section l. Any number of persons not less than
of constructing maintaining and operating street
railroad in any city or village may for that Pqr
Shall be stated the name of the company the line
OF the road as eontemh31ed 10 pc @ ~ sn OF
company. and the number of shares into which it
shall be divided the names and the places of resi-
dence of the directors of the company who shall
manage its affairs for the first year and until others
such directors shall not be less than three nor
than nine. Each subscriber shall subscribe thereto
his name, place of residence and the number OF
shares he agrees to take such articles OF asSoci
of state, who shall indorse thereon the date of fill
ing, and shall record the same.
ISOLATION. the governor and secretary of state shall
issue to the subscriber patent under the great seal
signed by the secretary of state, substantially in
shall come, greeting: Whereas manning the per-
subscribing the articles of association have
filed in the office of the secretary of state certain
articles of association with view to forming
corporation TO be known as There insert name with
a capital of There insert amountI, Tor the purpose
of constructing and lori maintaining and operating
fTeSF tH ssanes in such case made and pro-
vided, therefore the state of Wisconsin hereby
successors and assigns full authority by and under
their SAD name OF 80 t S4 f t tlIg POW
above stated, and in accordance with their said ar
tiGieS OF aSsoeladion ana me laws Oh ms STATE
tested with the great seal and signed by the COVER
n 6e sf 9f OF at MadsSn Q,
in the year one thousand eight hundred and :
--. Secretary of State
G nam 5e s6s I'll f her s
and assigns constitute body p9lite and corporate.
and subject to the limitations provided in this act
Section 4. Such corporation may sue and be sued.
pleasure; may elect in such manner as they shall
determine, all necessary officers may fix their COM
penSatiOn, and define their duties; may Ordain and
establish bylaws, and alter and repeal the same;
may employ such agents. servants and laborerS as
they shall think proper and may acquire and hold
in fee, or otherwise such property real or person.
al as shall be neceSsary.in executing the purposes
section 5 After the issuing Of such patent. any
the corporatorS, by giving five days notice to each
provided, that such notice may be dispensed with,
If all the corporatorS shall be present at the first
BOARD 81 directors shall be elected the persons
named in the patent shall be directors of the cor
poration
ness of such corporation shall be under the care Of
and shall be managed by net less than three direct
ally. But their term of office may be fixed at three
be annually elected. Each stakeholder shall have
for each share of stock owned by him; and
cessor shall be elected In case of the DEATH resig
nation or other disability OF any director; me
Section T. The directors shall choose one of their
number president and he and the other officers
shall hold their offices one year, and until their sue
Section 5. The corporation shall not be dissolved
by any failure to elect directors at the annual meet
ing, but such election may be held at any time
thereafter by giving such notice as may be requlr-
Section g. The stockholders may enact such by
laws for the control OF the board OF directors a.
at pleasure stockholeers may appear and vote in
person or by PROXY filed with the secretary E OF the
stitute quorum for the transaction of business.
ers of fourth of the stock, may call meeting
of the stockholders by giving them ten days notce
of the time and place OF such meeting, III such
Section 10. The directors may call in the subScrip-
stallmentS in such proportion and at such times as
they shall think proper, and may enforce payment
thereof, after such period of time as the bylaws
may prescribe by suit in the name of the corpora
9 or by d IN Re STOCK 6n T R das
tice of such intended forfeiture to such delinquent
Section IL. Such corporation may sell, convey.
assign mortgage or otherwise transfer their prop
erty real and personal.
Section T. such corporation may, at any meeting
of its stockholders called for that purpose and no
titled thereof and with the Concurrence of the own
erS of twOthirdS of all the stock then outstanding
amount Of It's capital stock, change its name eX-
tend or change the line of Its road or shorten the
same. 1t shall be the duty of the president and
secretary of such corporation to make certificate
setting forth such amendment and the vote by
which it is adopted and to cause such certificate to
state and thereupon shall be duty of the gov
ernor and the secretary of state if 1t appears from
such certificate that the REQUIREMENTS of this sec
ton have been complied with. to issue to such cor
kereinbefore prescribed containing such amend
ment and referring to the articles so amended Up
shall be authorized to exercise ali the rights and
powers comprised within the articles of asSocia-
ton thus amended
Section I3. Any municipal corporation within
this state is hereby authorized to grant such use as
it shall deem proper of any street streets within
owners of lots or lands adjoining or AUDITING there
on to any street railway company, organized under
the laws OF this state for the purpose of establish
ing and maintaining single or double track of iron
f ana Snhng cars thereon along ana 9Ro4 sqen
and maintain in along and upon any such street or
curves, turnOutS and switches, in the customary
styles of constructing street railways of the first
passenger cars or vehicles, such grant to be made
by the common council of such municipal corpora
ton, upon such terms and conditions they may
impose, and with such provisions as may be neces-
cept iii cases when the municipal corporation shall
power.
has been organized under any law of this state or
which may be organized under this act for the pur-
pose OF constructing street railroad within the
thoTized to construct, maintain and operate such
authority which has been or may hereafter be
granted to ii by such municipal corporation and is
hereby authorized to extend such railroad to any
point or points adjoining such municipal corpora
tion and to enable any such street railroad cOmpa-
ny to construct and extend its road into any town
adjoining such municipal corporations; such street
railway company is hereby authorized, with the
consent of a majority of the supervisors of such
town, to lay down and maintain the track of It's
railway H. upon over and along any common high
way in such adjoining town; but such railway
company shall construct such railroad in such
manner as not to ObStruct the common travel of the
public over the same
Section Is. Any street railroad company which
may be constructed under the provisions of this
plan for the construction of city railroads, and
shall be run as often as the convenience of paSSen-
gers shall require, with due reference to the pecu-
mary profits of carrying them, and shall be subject
to such reasonable rules and regulations in respect
thereto, the common council of the city in which
such railroad shall be constructed, may from time
to time, by ordinances, prescribe and to the pay
ment of such license fee to the city, in which such
road may be constructed for each and every car
run thereon as may be prescribed by the common
council of such city.
Section 49, Any grant grants heretofore made
by any municipal corporation (and not yet repeal
ed or rescinded), or which may be hereafter made
of the use of any street streets therein to anv
street railroad company hereafter organized or
which may be hereafter organized, for the purpose
OF constructing, or maintaining and operating q
street railroad are hereby declared valid and bind
ing upon such municipal corporation, and all obI-
cations imposed by the terms of such grant or
grants upon any such street railway company,
by them assumed as a condition, in cor sidera-
ton of such grant or grants SHALL if such grant or
grants be accepted by such company, be, in like
manner, fully binding upon such company.
Section IL. Any company heretofore incorporat-
ed under any law OF this state, for the purpose
railroad shall be entitled TO all the privileges and
powers conferred by this act upon such corpora
tion.
Section IS. This act shall be in force from and
after its passage and publication.
Approved March ~ 1875