Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-04-18

CHAPTER 3l5
An ACT g authorize the Incorporation Of street
The people Of the state of Wisconsin assembled In
senate and assembly, do enact as follow:
three who shall 70 FOR the purooss q
nstructng maintaining and operating straet rail-
and sS ss. " for That
be stated tho name Of the company. the limo Of the
road q contemplated 20 BE- constructed Or operated
the number Of shares nso which II ehsll 81 diyied
the names and the places Of residence diretors
g, me company Who shall manage it, affairs for the
and the number Of such directors shsiI not be
lee, than three nor more than nine Esch subscriber
ana IN nnpsr ns name place Of residence
nc:es OF association may then be filed in the once Of
secretary Of se who shall endorse Ii the date
OF niing and shsll record the same
Section 2. Upon the fling Of such article az asso-
citation the governor and secretary Of state shall q
sue TO the Subscribers patent under the Krsat seal
"a by the secretary Of state. substantially in tie
IolIowing form: To all whom these presents shsil
scribing the articles Of nave sd IN ths
once OF secretary Of state certain articles OF
non, with view to forming corporation to be
Anown - there insert name with capital There In
SIT amount] ter the purpose Of CONTRACTING and
LOT maintaining and operating street railway in
me me q -.sna have complied with the stat
u.es sucn case made and provided therefor re- the
| state OF Wisconsin hereby grants INTO the above
named persons. and their successors and assrns mi
susnortsy. Dy and under their said name Of -
exercise the powers and privileges OF cor
peraon for the purposes above stated ana In accord
snoe with their said articles association. and the
IL witness whereof these presents have been attest
60 with the great seal and signed BY the governor
snc oountsngnsd BY the secretary Of ststs Of tho
sne year one thousand eight hundred and -
a..,,o. $50. Secretary Of state a'''
section ]. From the Issuing Of such patent the
parties therein named sha,with their and
assigns constitute body Of polite and Corporate
subject to th. Limitations provided in this act.
| Sscuon :. such corporation may sue and be sued.
may nave common seal and alter the same 1t pleas
olei may elect In such manner they shal deter
mine, All necessary officers may x their compeuss-
ton, aud define their duties may ordsin and estab-
nsn oy-isws, and alter and repeal the same may
poy such agents, servants and laborsrs a. they sha
uak proper. and may acquire and hold In fee,l or
otnerwises such property real personal, as shaIl
% necessary In executing the purpose Of such
Section s. After tho issuing 81 such pats, 1. apv
Two OF the corporatsrs may call first meeting, Of the
corporators BY giving nve days notice 10 ca Oh cor.
porator of the time and place Of such meet nro
vdeo that such notice may be dispensed WITH ii all
either Il snail De ct the % meeting
rectors shall be elected the persons named in the
patent shall be directors ofths corporatio ..
Section The stock, property az airs and I'm q;
ness Of such corporation shall be under the care If
and shall bs managed by not less then threa Al;
rectors who shall be chosen BY the stockholders an
i
years, IN which case third Of the number sbalI
90 annually elected: Each stockho lder shall have
one vote or each share OF stock owned by him and
eacn director shall continue in Office uutil his sue
cesssr snail DO elected In of the DEATH resi-
nation or other disability of any director the vaca
cy so created shall be fiIed by tho rsn,sn;ns al
/ tors - my on'ainins 3irec.
section7. The directors shall choose one Of ,ha;r
numper president aud he and the other officers shall
h., h onceS one year. and until their successor
Section 8. The corporation shall not be dissoIv we'd
ing but such election may be- held at sny time there
ss. Dy giving such notice a. may be required by the
Section 9. The stock holderc NAV enact an oh bv-
laws Tor the control the board of directors as they
snail see Mt, and may alter and repeal the same at
pleasure. Stockholders may appear and vote in per
su W proxy, hed with the secretary Of the com.
pany. majority of the directors shall constitute
quorum Tor the transaction Of business Any direc-
sor OF s.ockho der, upon request of holders Of
tour IN the stock. may call q meeting Of the stock.
holders BY giving them ten days notice Of the time
| and place OF such meeting in such manner as the
Section TO- The directors may call Ia the subscrip-
ons TO the capital stock Of such poraton by in
staiments in such proportion and at such times as
| tney snail think proper. and may enforce payment
thereof after such period of time as the
prescribe by suit in the of the corporation OF
snail be payable after sixty days notice of such in
tended forfeiture to such delinquent subscriber.
section II. Such corporation may sell, convey az.
ss, m9r.gsge or otherwise transfer their property
Section 12Such corporation may at any meeting Of
Ms stocknoiaers called for that purpose and notified
.usfeoi ana with the concurrence of the owners of
.wothirds OF all the stock then outstanding by amend
eg ts articles of assocaton, increase the amount
~ csplsa. stock change its name. extend change
me me OF Its road, or shorten the same 1t shall
Do the auty Of the presdent and secretary of sush
corporation to make certificate over their sigma.
tores ana the corporate SEAL fully setting forth such
amendment, and the vote by which it is adopted and
to cause such ifcate be fled and recorded ~
the once OF secretary of state, and thereupon shall
tl0s GOV and
state, ii 1t appear from such rticates that the
quirements of this section have been complied with
70 issue TO such corporation pa ent substan
ally In the form herenabove pre- cribed, containino
such anendment and referring to the articles so
amended Upon the issuing Of such new patent, the
corporation shall be authorized to exercise ali the
rights and powers comprised within the articles of a.
sociasion thus amended
Section IL. Any municipal corporation within this
state hereby authorized to grant such use a. il
shall deem proper Of any street streets with ~
tmits subject t. the rights Of any owner or owner
street railway company, organized under the lsvs 81
this state. for the purpose of establishing and main
tanning single double track of iron rain and run
ming cars thereon along And upon such streets auch
grant may include the right to lay and maintain in
along and upon any such strees Streets single or
track with all necessary curves turnouts
railways OF the first class and to equip the same with
any number OF pas senger cars or vehicles. such
grant to be made BY tho common council Of such mn
nicpal corporation, upon such terms and conditions
| as they may impose. and with such provisions a
may be necessary reasonably to the objects of
such grant. such cars shall be propelled by animal
power, except In when the municipal Corpora.
ton shall expressly grant tho right to steam as
motive power,
Section IL. Any street railroad company. which
has been organized under any law Of this state or
which may be organized under this act for the pur-
its Of any municipal corporation is hereby authoriz
ed 70 construct, maintain and operate such road ac
cordtng to the terms and conditions Of the authority
which has heen may hereafter be granted to il bv
such municipal corporation, and 10 hereby author-
lied to extend such railroad to any point or noint.
adjoining such municipal cooperation, and enable
any such street railroad company to conatruct and
extend Its road into any town adjoining such munic.
ipai corporation; such street railway company is
the supervisors OF such town. to lay down nd main
tain the track Of its railway in upon, and along
any common highway In such adjoining town but
such railway company shall construct such railroad
In such manner not to obstruct the common trav
Of the pubic over the same.
Section 10. Any street railroad company which
may be constructed under the provisions OF this Act
shall be constructed upon the most approved Man
for the construction of city railroads. and shall he
require with due reference to the pecunary profit.
ofcarrying Thorn, and shall be subject to such
able rules and regulations in respect thereto the
common council Of the city In which such railroad
shall be constructed, may from time to time bv or.
dtnances, prescribe and to the payment of such Ii.
cense fee to the city, which such road may BE- con-
prescribed by the common council Of such city,
Section 10. Any grant or grants heretofore made
" any unciPai corporation tand not yet repealed
or rescnded or which may be hereafter made ofthe
use Of any street streets therein to any street
railroad company hereafter organized. or which may
be hereafter organized for the purpose Of
or maintaining and opera ing astreet railroad are
hereby declared valid and binding upon such munic
pal corporation, and oil obligations imposed by the
terms of such grant grants upon any such street
railway company, or by them assumed a. condition
or in consideration Of such grant or grants shall
such grant or grants BE- accepted BY spdh be
in like manner. fully binding upon such company.
Section H. Any company heretof re incorporated
under any law OF this state for the purpose Of con-
structing maintaining and operating street rail-
road shall be entitled to all the privileges and powers
| conferred by this act upon such corporation.
Section Is. This act shall be in force from and af
| ter its passage and publication.
Approved March 20, 1878.
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