River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1883-04-26
thAltsned April Z, 1881


AN ACT to amend chapter PCS of the laws of
Wisconsin for the year 1882 entitled an act to
amend section 1888 of chapter 81 of the revised
statutes, entitled of railroads.
The people of the state Of Wisconsin represented
IN senate and assembly do enact as follows:
Section T. Section 1873 of CHAPTER ST. of the re-
vised statutes, entitled of railroads. as amended
by chapter 26S of the laws of Wisconsin for the
year 1882. entitled an act to amend section 1899
OF chapter 81 of the revised statutes entitled of
railroads., is hereby amended by inserting after
the word corporation 10 the first line OF said
section, the words organizes. and existing under
the laws of the territory or state Of Wisconsin, or
existing by consolidation of different railway com
panies under the laws of the territory or state OF
Wisconsin, and of any other territory or terrific
res state or states" and by inserting before the
word railroad" in the 33d line Of said section,
the word "sach, and striking out where the same
occur in the 32d and 33d lines thereof the words
organized and existing under the laws of this
state" also by inserting after the word pur
chase where the same occurs in the 33i line of
said section, land take Il conveyance or assign
nent off, and also by inserting after the word
amy" where the same occurs in the 42d line of
said section, the word suehn and striking out
where the same occurs in the AID and 43d lines Of
said section. the words organized under the laws
of this state" so that the said section 50
amended shall read as follows: Section 1888
ANY railroad corporation organized and existing
under the laws OF the territory state of Wscon-
sin or existing by consolidation of different rail
way companies under the laws Of the territory
or state of Wisconsin, and of any other ter
ritory or territories state or states, may
erty, with any other railroad corpora
Jon, whether within or without the state
when their respective railroads can be lawfully
70 mected and operated together to constitute one
continuous main line with or without b. anches
upon such term as may be agreed upon, and be-
come one corporation by any name selected,
which within this state shall possess all the pow
ers, franchises and immunites, including the right
of further consultations with other corporations
under this section, aud be subject to all the
liabilities and restrictions OF this chapter, and
such ia addition, including land grants and exefnp
tons of land from taxation, as such corporations
peculiarly possess or were subject to ut the time
of consolidation or amalgamation by the laws
then Ia force applicable TO them either OF them
Articles stating the terms Of consolidation shall
be approved by each corporation by a vote OF
the stockholders owning majority OF tie stock
in person or by proxy. at either regular or an.
mud meeting there of or a special meeting called
for that purpose in the manner prescribed by
section 1876, or by the consent in writing of such
stockholders annexed to such articles; and copy
thereof, with copy OF the records of such APP
proyal, or such consent, and accompanied by lists
of their stockholders, and the number of 5 hafes
held by each. duly certified hx their resd ective
presidents and secretaries with the respective
corporate seals affixed Of such corporations shall
be filed for record In the office of the secretary of
state before any such consolidation shall have any
validity or effect Any such railroad corporation
may lease or purchase aud take conveyance or
assignment OF the railroad, franchises immuni-
ties and all property and appultenances, and the
stock or bonds thereof, of any other railroad cor
poratlon or any portion thereof. within or with
out this state, when their re pectye railroads can
be lawfully connected and operated together TO
constitute one continuous main line or when the
road so purchased will constitute branches or
feeders of any road maintained and OPP rated by
such purchasing corporation And any such rail.
road corporation may purchase and hold the stock
or bonds OF any railway company to which it has
furnished the money for the construction Of its
railway, or may purchase for the money 50 fur
nished or for such other consideration may be
agreed upon between the companies by their re
spective boards of directors and take convey
of the whole or any portion of the franchises
OF said corporation and of the railway property
and appurtenances thereof, and all acts purchases
and conveyances heretofore made by any railway
company of this state, which are authorized by
this act, are hereby legaii2ed. ratified and con
til1ned But no railroad corporation shall con
solidate with. or lease or purchase, or Iii any way
become owner Of control any other railroad
cooperation. any stock, franchises. rights
property thereof, which owns controls parallel
or competing line 10 be determined by jung.
Section 2. This act shall take effect and be IN
force from and after IFS passage aud publication.
Approved ADril =. 1888