Evening journal., 1899-03-20


'f the afternoon, Of said day TO consider |
he said apportionment. AT said meeting, |
my taxable. shall have the right to be |
present and object TO the justice OF the
.amc I'm his case. The managers shall. at
he close Of the meeting (Which shall be
kept open az least three hours). recon
slider their apportaonmont and alter the
same If they deem Il just and eNpedient
so TO do. Such reconsideration shall be
final, and then they shall make a copy OF
the apportionment under their hands, and
deliver the same TO the treasurer and
when the company orders money TO be
for Its necessary purposes, the
treasurer shall. upon receiving their war
rant in writing, proceed TO collect the
same, from the respective taNables, acc
cordlng to such apportlonment, and for
that purpose shall have all the powers OF
a collector Of county taxes. The appor-
tionment shall continue until new ap-
portlonmcnt shall be made by the mama
gers and approved at a meeting or taxa
bles. called for the consideration thereof,
which meeting shall be called in the same
manner and kept open for the same time
as Is provided for the first apportonment
and made after the managers shall have
reconsidered their apportionment and all
tered the same n they shall deem Il ex-
pedient so to do, and taxes may from
time TO time be collected according 70
". as the needs Of the company may re-
Quire. Orders for collection, however,
shall only be valid when made by the
corporation at an annual meeting.
In case OF private owners Of ditch OF
bitches not within the corporations lin
its, but the waters collected IN which can
be discharged into the ditches OF the cor
poraton, such private owners may be al
lowed TO connect with the ditch or ditches
OF the corporation on such terms as may
be agreed upon, and may thenceforth be-
come constituent members OF the cor
poration. with the rights OF such mem
bers and subject as to themselves and
their lands drained by such private ditch
or bitches. to all the burdens and re-
sponsihflities OF other members OF the
corporation: and the managers shall. at
once. add their lands TO the other lands
within the corporations operations and
apportion their share Of the taxes among
them as above provided with respect to
original taNahles. The managers shall
take account Of all changes Of ownership
Of lands within the corporations limits
from whatever cause. and substitute the
names Of the new owners or taNables In
lieu Of the old ones upon their original
apportionment, from which they shall be
transferred to the copy I'm the hands or
the treasurer. and when transferred the
new taNables shall stand in the place of
the old. IN all respects as II they had
been original owners or taNahlce. Such
corporations as are provided for In this
section shall set forth the name or the
hunured OF hunQItuS an WHICH lueI op-
erations are to extend, In the certificate
Of their incorporation.
BUILDING & LOAN ASSOCIATIONS.
SECTION 6s. Building and loan asso-
clations organized under this Act shall.
IN addition to the other powers herein
granted, have power to sell their accu-
muated funds to and among their stock
holders at any premium which may be
afr "a Inc and when gTInH
funds cannot be loaned to any stock
holder at par they may be loaned TO any
person not a stockholder at any rate OF
interest not exceeding six per cent.
RAILROADS.
SECTION 60. Amy number OF persons
not less than nine may form a corpora
| ton under the provisions Of this Act
which corporation so formed as aforo.
said, shall have perpetual succession, foi
| the purpose OF constructing maintaining
and operating a railroad for the trans
portauon Of freight and passengers, and
shall do and perform the several matter.
and things hereinafter stated and shal
have and exercise all the rights, powers
and privileges hereinbefOre and hereafter
conferred. ard be subject TO all the du
| Ies limitations restrictions and linbili
ties hereinafter imposed upon such cor
| poration: and for that purpose may maxi
and sign articles OF association. in lieu o.
the articles OF association hereinbeforI
required by the provisions OF this Act, Il
which shall be stated:
| 1.-The name Of the corporation.
2.-The place from which and to whicl
/ such railroad IS TO be constructed, main
i tained and operated.
| 3.-The estimated length Of such rail
/ road. and the name Of each county In thi
state through or into which it IS intende'
/ 20 be made.
4.-The amount Of the capital stock o
| he corporation. which shall not be les
-han five thousand dollars for every mill
| Of road proposed TO be constructed.
| 5.-The number Of shares Of which sail
/ capital stock shall consist.
6.-The names and places OF residenc
| Of the nine directors Of the corporation
| who shall manage It's affairs for the frs
year. and until others are chosen in thel
| places and each such person shall sub
| scribe thereto his name. place OF resi-
dence and the number OF shares OF stool
he agrees to take In such corporation. A
least one of said directors shall be a resi
dent Of this State.
THE name Of the city town, count
| or place within the county I'm this Stat
IN which its principal office or place o
business viii be located In this State.
SECTION 70. Said articles OF associa
ton shall be presented to one OF tn
Judges Of the Superior Court of the Stat
and. If found to conform to the require
ments Of this Act shall endorse his Ger
tihcate thereon accordingly. n
on compliance with the foregoing pro
visions and the requirements Of tho mex
succeeding section. which latter shall b
evidenced by the receipt or the Stat
Treasurer delivered TO the Secretary O
state, such articles Of association may b
filed in the office Of the Secretary O
state. who shall endorse thereon, In writ
Ing. the day they are filed, and record tn
same In a hook to be provided by him 10
that purpose: and upon rendering the sal
articles to the Secretary OF State to D
filed, the persons who have 80 subscribe
such articles Of Incorporation, and a
persons who shall become stockholder
in such corporation. shall be a corpora
ton by the name specified therein. ever
such corpora tion formed under This Ac
In addition to the general powers herein
before in this Act set forth, SHALL hav
power:
Ito have authority. by its officers an
servants, to enter upon the lands O
waters OF any person or persons, whlc
may be necessary. to make such exam
nations and surveys for It's proposed raj
road as shall be required 20 be made. /
the selection Of the most advantageou
route. but subject at an times TO respor
sitility, for all and any damage whic
shall be done to the property OF any sue
person or persons
2-To aid in the construction nlainti
nance and accommodation Of It's railroad
may take and hold such voluntary grant
aN aNa