The Superior times. [volume] (Superior, Wis.) 1870-1912, 1899-05-20

of their stockholders and the number OF
shares held by each, duly certlneu os tHtLi
respective presidents and secretaries VIZ
the respective corporate seals OF such COZ
poratioHS affixed. shall be MED Tor rec5Iu
in the office Of the secretary OF state De
fore any such consolidation snail nave
validity or effect. Any such railroad cor
poration may give take \ lease, or may
sell 10, or purchase from any railroad con-.
pauy, or at any judicial sale, Wlthlh OF
without the state, and give or take i coz
EeyaIIce or assignment OF the fallIp1aIt'
franchises and inmunitieS, together Win
the aPpuFtthahces. ana all otner PLopFF'
ana the stock or bonds, or both thereof, u
any railroad corporation, whether organ.
lZcd or created by the laws OF TINS Sldt' "
Of any other state or Of the United States,
or any portion thereof, within or WIIho9t
TINS state. when their respective ralI3aus
can be lawfully connected ana operateu 70
gether to constitute continuous man
line or when the road 50 purchased OF
leased will constitute Il branch or feeder o.
or be connected with or iutersected by any
line maintained or operated by such PUT
chasing or leasing corporation, or winch
Such purchasing or leasing corporation -
authorized to build. own, or maintain ana
operate Any corporation taking any suIh
conveyance or lease shall have ali the
rights. privileges and immuuilieS, ana DC
subject TO all the duties and restrictions Oh
the corporation making such lease or con
Neyan'e. Any railroad corporation existing
under the laws of this state may purchase
and hold the stock or bonds of any olher
railroad corporation described IN TINS SEQ
ton, or may purchase and hold the STOCK
1t has furnished the money Tor me con
Struction Of its railway; or for money 50
furnished. or for such other conSlueFdiloH'
as may be agreed upon between the COM
panieS, by their respective boards OF IL
rectorS. it may purchase and may take y
conveyance of the whole or any portion OF
the franchises of any such corporation. ana
of the railway. property ana apputltildli'c
thereof. Any stock or bonds when Sh5tIi
have been issued by any purchasing corp0r-
alton III consideration of any property by
it purchased as authorized by this section.
shall be deemed fully paid. All acts anu
purchases whether at judicial SAFE or oiheI-
wise, and ConYcyanceS heretofore or mere
after made by or to any railway company
organized under the laws OF TINS state:
which are authorized by this section, anu
all conditions and agreements upon Wnich
the stock and bonds of any such corpora
tiuu have been and are to be issued. lnclud-
ing any ana all terms and conditions as 10
price. voting power, dividends ana trustees
or otherwise, and between Inherent
classes of stock or otherwise and all issues
of stock and bonds in accordance with Such
terms, conditions and agreements, are
hereby in all things legallZed. ratlled ana
confirmed: provided. that nothing herein
contained shall be construed TO lcgaliZe any
contract of lease heretofore entered INTO be
tween Il corporation of this state ana any
corporation organized or created by the
laws Of the nited States. But no railroad
corporation shall consolidate with, or lease
or purchase. or i'll any way become owner
of or control any other railroad corporation,
thereof, which owns controls Il parallel
and competing railroad to and with the
railroad owned or controlled and operated
by such purchasing railroad corporation, to
be determined by jury.
Section >. This act shall take effect and
be in force from and after its passage and
publication.
Approved April IS, 1899