The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1881-04-05

meeting Of the subscribers capital sock Of the Com
pany to be held at such place be designated
notice. for the purpose of eecting their own number
Board Of 1--WE Directors
Company for year until their successors are elected
and installed and said Board OF Directors well as other
Boards that be thereafter elected shalt selec from their
own number President and shall have power
adopt for the and control OF the Board
the Company and appoint and employ officers agents
and servants as they may deem proper.
SEC That in the election poyed each sub
scrber to the capital stock of said Company shall be entitled
to vote for each share of stock held by him may
vote by proxy.
Sec That when said eorporators sompied with the
requirements set FORTH and election Hoard Directors
shall have been held provided for in this the
subscription to the capital stock Company together
with all other books and papers appeanng the business
OF the said Company shall be turned said Board of
directors the powers OF
and subscribers shall cease
SEC That when the subscribers the capital stock of
sad Company shall have convened and elected Board
recors under the provisions act tay and their ass
ciates and shall be deemed held considered as
body corporate and polite and sye of The
Pensacola and Atlantic Railroad Company with perpetual
succession and the rights powers privileges and liabilities
usual and necessary to such corporation
Sec g. That said Company shall have bower to survey
locate construct make, build maintain equp use and
railroad and telegraph line from Pensacola Florida the
Apaachcola and beyond to junction with the jackson
ve Pensacola and Mobile Railroad to accept purchase have
and hold lease and convey any property, real personal
mixed and such buildings depots and shops operate
such machinery and do such things deem proper
for its advantage and benefit.
SEC That in all where question Of right of wav or
facilities arises and the Company cannot with
the owner other corporation representative the land on
COMPANY
proceed as if there disagreement Int event
the Sheriff of the county which said located at the
request OF either party shall urg Of five disiner-
esed freehode of said county shall assess the DAMAGE
to be paid by said Railroad Company after being sworn by
the Sheriff take into consideration enhanced of
sa land from or IN consequence of the bung Of said rail-
road and to do justice mpaay between the parties which
assessment shall be final and conclusive the parties
unless appeal shall be of the
county within ten days from the decision which may done
by either party upon complying with the rul heEtofore
stng Tor appeals to the Circuit Court Each party shall be
of hear hv
the Sheriff
Sec TO- That the Company shall have power to receive
land or other property of subscription
the capital stock such valuation may agreed upon
under the rules, regulations and bylaws Company
SEC ii. That until Board of Directors shall have been
duly elected and installed into Office the oorporators
ory of those the power of the Board of
Directors to be elected do and perform every that
SAID Board OF Directors might could do when legally
regularly elected
Sec r. That said railroad company through its corpora
ancnlse the stock property real and per-
sona and mixed rights privileges ad franchise with
the jacksonville Pensacola and Mobile other connecting
railroads.
Sec l3 That aid the construction of said road
State of Florida hereby to the Pensaoa and Atlantic
Railroad Company the alternate sections of the lands granted
the State of Florida by the United States under of
Congress of September 2S 1880 lying each side and within
miles of the line of said railroad and its extensions Pro
rded The said company shall comply with the provisions of
the said Internal improvement th of
sructng the roads and drainage Proridd further That
said company shall not be required to construct its road with
iron Of less weight than fifty pounds to the nea yard
of the coses of ten miles of said road and extensions the
title to the alternate sections opposite said miles of road
graded and furnished with croses and iron shall in
said company and deed therefor shall be issued by the Tus
of the Internal improvement Fund to the said
Sec l5 That upon the fling with the said Board of Trus
by said company the survey of the route which be
selected by said company any twenty rne thereof the
Trustees shall withdraw at the election OF SAID company or its
President the odd evennumbeed sections within such m
it's along opposite the section thereof of twenty
miles surveyed from sale Prored Taat the shall
be restored to sale by the Board the survey of the entire
route is not fled within twelve months from the passage of
this I
ls State of Florida hereby grants to
its all and privileges
and all the title and the State III and the lands
granted by act of Congress approved May H 1885, entitled
IAN Granting Public Lands in Alternate Sections the
States of Alabama and Florida for the construction of
railroads in said States 50 far as sal lands lie along
proposed railroad the Apalachicoa
of Ecamba bay for the and purposes mentioned
said act of and upon the completion of each and
every section of ten miles of said road all The right title and
interest of the State the alternate sections granted BY said
opposite said section of ten miles, ha vest in said
pany. TIT
to the State from the construction of such railroad the
State of Florida hereby grants said company thou
sand miles for each mile that said company may
grade and iron of the lands granted the
which nearest the line of said railroad and extensions
and not otherwise granted Prorided hoere That the
grant of lands made by this section is mde subject the
rights of all creditors of the Internal Improvement Fund and
the trusts to which said Fund applicable and subject
der act entitled "An Provide foE and Encourage
Liberal System of Internal Improvements in Sate ap
proved January 1885, and subject cohtro management
sale and application OF said Fund.- and the lands constituting
the by the Trustees Of the Internal
for the purposes Of the said under said Provided
hocerer That the title to the lands granted in this section
not to until they shall be released from the indebtedness
existing against said trust fund.- it being the purpose
section to grant the esduay interest of State the lands
granted by said act of September g. 1885,
has been made of said Indebtedness the
quantity hereby indicated to aid said railroad company Pro-
uied further hoceuer That upon anv arrangement being
consummated between said company
Internal Improvement Fund.- and the creditors Of such Fund.-
release of such lands from such them the
M said
in the proportion of twenty thousand per
OF said railroad when graded crosed and oned sections
of TniIa huffh h