The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1888-03-17
Electric street RAILWAY and Power Co.

Electric Street Railway and Power
Company in the city of Greenville.
IN the county of Washington.
Section 1. BE it enacted by the Leg
stature of the State of Mississippi.
That the right, privilege and franchise
OF LAYING out, constructing. maintain
ing and using street railway within
the corporate limits of the city of
Greenville, State of Mississippi, as now
established or that may be hereafter
established. and Of running and using
cars or vehicles thereon. to be propelled
by electricity or by horse or mule pow
er, be and the same are hereby granted
to and vested in W. A. Pollock, Nathan
Goldstein, W.O. Coleman, j. ). MeNeily
James \. Deaton, Joshua skinner. A.
j. McDade. and Sol Goldsmith of the
said city of Greenville. and those
whom they may make their associates
and assigns, and they and their assoei-
ates and assigns are hereby vested with
the fun power and authority to Iay
down, construct and use said railway
on any and all of the streets of said
city Of Greenviile now open or that
may be opened, and over and across
such bridges and crossings in the city
of Greenvillc as may be necessary for
the completion of said railway and the
accommodation of the public, and to
make such crossings, excavations, em-
bankments and other works that
may be necessary and proper for the
maintenance and use of said rail-
way, and TO erect, maitain and use
such side-tracks, turnout, turn-ta-
bles or other appliances ON or along
said streets and the lines of said rail-
way as may be proper for the conve-
nient use of said ears and vehicles.
provided that such excavations, side
tracks, turn-outs, turntables and en-
bankments to be SO made, maintained
and used as not to obstruct materially
the free Use of said streets for vehicles
used by the public and other usual
modes of passage.
See. :. BE 1t further enacted, That
the said W. A. Pollock, Nathan Gold
stein, w. o. Coleman, j. ). McNeily.
James A. Deaton, j. Skinner, A. j.
McDade and Sol. Goldsmith, their
associates, successors and assigns are
hereby authorized and empowered to
operate, use, and maintain cars and
other vehicles propelled or run by
electricity or by horse or mule power
on said railway to and from such
points on said railway as they may de-
termine for the carriage and transpor-
tation of passengers and freights, and
to demand and receive and enforce rea-
sonable pay and compensation there
for.
Sec. 3. BE it further enacted, That
the said w. A. Pollock, Nathan Gold
stein, w. 0. Coleman, j. 5. McNeily,
Jas. A. Deaton, Joshua Skinner, A. j.
McDade and Sol Goldsmith, their asso-
clates and assigns, are hereby empow-
cred to organize company to carry
out the powers, privileges and franchise
herein conferred, and when so organ
lied they shall be body corporate
under the name of the Greenyile Flee
trio Street Railway and Power Com
pany, and by that name may sue and be
sued, plead and be impleaded, contract
and be contracted with, and have sue
cession MS such corporation and under
such name may hold, use, possess, en-
ploy, transfer and dispose of said pow
ers, rights, privileges and franchise,
use, enjoy, transfer and dispose of all
cars, tracks, turn-outs and turntables,
buildings and other property that may
be necessary and proper for the conve-
nient use of said property and the
accommodation ofthe pubic, and when
organized as herein provided, they and
their associates, their successors and
assigns may make and alter such by
laws and rules for their government
and the control of their business, not
inconsistent with this Act and the laws
Of the State.
Sec. 4. BE II further enacted, That
the capital stock of said. company shall
be Fifty Thousand Dollars, divided into
shares of the par value of One Hun
drod Dollars each. and may be in
creased to One Hundred Thousand
Dollars, by the consent Of the said
stockholders, and said company may
issue any Of said stock as preferred
stock, and fix the relative rights of
common and preferred stock, as to div
idends and income; and they may issue
said stock, or any part thereof, as fully
paid and not liable to calls, and may
issue stock liable to calls, and by their
bylaws regulate how said calls shall
be paid. and may declare any stock
forfeited upon which calls have been
made and not paid by the stockholders
holding the same, within thirty days
after said call has been published for
two weeks in some public newspaper
printed at Greenville, Miss.
Sec. B. BE il further enacted, That
said company may from time to time
mortgage or convey in trust any or all
of its property, real, personal or mixed, |
and under such deed or deeds of trust |
or mortgage, secure, execute and dis
pose of the mortgage bonds of said |
company to such amounts and matu-
ring at such times and bearing such |
interest as it may deem best for the
purpose of borrowing money, and said
company may consolidate with any
other street railway or electric light
company at Greenyille, Miss, upon
such terms as the consolidating com
pany may agree upon.
Sec. 6. BE II further enacted, That
the officers of said company shall be
managed by board of directors, and
such officers and agents under them as
the interests ol the company may from
time to time require Such board of
directors shall consist of not less than
five or more than seven to be elected
by the stockholders: and the directors
shall hold office for the full term of
one year from the date of their cleo
tion, and shall elect from their MEM
bers president, vice president, secre-
tary and treasurer; the last two offices
may be filled by same person.
See. Z. BE it further enacted, That
the uprgong iupornorafad tndnr tb;o