Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-04-30
ACTS OF THE LEGISLATURES.
Published by AUthority.l

AN ACT to amend section of an act pass
ed March 10, 1875, entitled ''An act to
provide for the organization of corpora
tons, and also to amend said act SO as to
provide for the organization of mutual
marine Insurance companies, and to amend
section of said act SO as to provide for
the organization of stock yards and pack
ing companies"
Section l. Be it enacted by the general
assembly of the State of Tennessee, That
section of the act OF 1875, chapter CXLII
entitled = An act to provide for the organi-
ZatiOn of corporations be and the same is
hereby so amended that whenever any
charter has been or may hereafter ho grant
ed for the construction of a turnpike road
in this State, when said road or any part of
the same has been or shall be required to be
constructed up, across or down mountain,
or is or has been required TO ascend or de
scend the side or decleyity of q mountain,
ii shall not be necessary in order to author
ize said turnpike company to charge and re
ceive toll upon such turnpike road, that the
rOad or part or portion of same as is re-
quired 10 be constructed up across or down
any mountain. shall be constructed more
than fourteen feet i'll width or that the
same shall be constructed with plank or
coveredwlt stone or gravel or macadamized
As required by said section seven CD of said
act. But II such road up, across or down
the mountain shall be constructed of the width
offourteen feet and in all otherrespects Graded
and constructed in accordance with the re
quirements of said section seven, then and in
all such cases any turnpike company or cor
pOration to whom such charter may have
been or may hereafter be granted, shall be
and they are hereby authorized to charge
and receive tolls from persons travelling or
passing over such turnpike or any part there
of, the same as though the same had been
constructed with plank or covered with stone
or gravel. or macadamiXed as now required
by the act which this is intended to amend,
Sec z Be 1t further enacted, That chart
erS may be granted to any association of in
W'lauais Tor stock yards and provision and
packing companies
sec. D. De II further enacted, That section
five of an act passed March 19tb 49,
approved March 23rd, 1875, emitted "a,
act to provide for the organization of corno-
rations," shall apply to and govern all corpo-
rations chartered and organized under this
act. in the same manner that it now applies
TO and governs corporations chartered for in
dividual profits under said act of March 10Th,
1879
Sec. t. Be lit further enacted, That the
form of charter for a stock yard company
shall be as follows State of Tennessee
charter of incorporation Be it known, That
Lhere insert the names of five or more per-
sons not under twenty-one years of age are
h HEREBY constituted body polite and
corporate by the name and style
VI mere insert the name of the company7.
The general powers, &c, of said corporation
are, as declared in section FIVE of the said
a ACT passed March 10, 1875, approved March
%, 1875, entitled, IAN act to provide for
the organization of corporations =" The
business of said company Shall be receiving
feeding, weighing, shipping, selling hand,
hing and caring for live stock of all kinds
and the erection of such buildings as NAV
be necessary for conduct of the business Of
the company. No loan of money shall At
any time, be made to any stakeholder. Anv
director asserting thereto shall be indiyidn-
ally liable for the amount thus loaned. the
liability to extend in favor of innocent stock.
LoIders, as well as creditors. The stock
holders are to be individually liable for all