Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04

IZatlon by the stockholders or assoc
GATES or any such corporation: and all
sales, dealings in, mortgaging, pIedg-
ing or other disposition Of the proper-
ty heretofore made by any such corpor~
atlon IN such manner is hereby de-
cIared to be regular and sufficient for
all purposes whatsoever
B. But no such corporation shall
take or hold stock in any other cor
assent of the holders OF three-fourths
OF the capital stock of both the cor
poEatIons proposing to take such stock
ana the corporation in which it is nro-
posed to be taken; provided, that any
corporation heretofore, or which may
, ne, formed or organized under or in
Pf e,r 10 3, or any general or special
carrying on a logging or numbering
business, for engaging in the manu-
Ilacture of lumber, the Improvement Of
me me I haVl5g2t!on OF any river or stream
Iof loS-drlVing or numbering purposes,
Ihe running, driving, booming, sorting,
pruning or rafting of logs, timber,
l1u d or other materials upon or
foreign corporation formed or organ.
lzed Tor similar or kindred purposes
may, upon the assent of the holders Of
three-fourths of the capital stock
thereof purchase, take and hold stock
IN, and IN its corporate capacity become
a subscriber to, the capital stock OF any
otheF corporation or corporations, For
elgn or domestic, created or formed for
any one or more of the same or similar
purposes; provided, also, that any COR
poration formed or organized or whiclA
may be formed or Orga niZed under or
IN pursuance of any law of this state
Tor the purpose of mining, smelling
quarrylng or any mechanical or manu-
featuring, purpose, upon and with the
assent or three fourths Of it's capital
stock, may, in its corporate capacity,
subscribe for, purchase, take and hold
stock IN any corporation, foreign or
domestic formed for the purpose Of
nAnNt2 ~ 90, 4;,,a
any KIND or power or light to be used
as mechanical agency, when such
power or light is to be used wholly or
in part in facilitating the operations
of such mining, smelling, quarrying or
other mechanical or manufacturing
company or the transaction of it's BUSH
ness; provided, also, that any street
railway corporation organized under OF
IN pursuance Of any law of this or any
other state, and which owns or controls
a street railway operated by electric
power or which shall make the pur-
chase hereinafter described for the
purpose Of being so operated, may pur-
chase, take and hold all or any part Of
the real and personal property, rights,
privileges, ordinances and franchises OK
any other street railway company, for-
elgn or domestic, operating or to 0per-
ate street railway by electric power,
or of any corporation, foreign or domes-
TIC now or hereafter existing, formed
Tor the purpose Of manufacturing, Gre
ating or generating electricity for
power, light or heat or any other pur-
pose, and may purchase take and hold
stock IN and in it's corporate capacity
become a subscriber to the capital stock
OF any other similar street railway or
any electrical corporation or corpora
uons, foreign or domestic, now or
hereafter existing; the terms of such
purchase to be aSSented to by the
holders of threefourths Of the capital
stock OF each company buying or SELL
ing as aforesaid at any general or spec
ial meeting Of such stock holders.
f. The consideration for such pur-
chase may be paid in the stock or
bonds, or both, of the purchasing COM
pany; the conveyance. Of the property
may be by deed or bill of sale, or both,
in the usual form; the transfers Of the
stock may be by Endorsement in the
usual form. The electric power so
acquired may be sold or leased by tho
purchasing company for power, light
or heat or other purpose to all per-
sons and corporations for cash. tho
poration to which the same is furn-
ished; and provided, also, that al! cleo
trio light companies, foreign or do
nestle, now or hereafter existing, shall
have all the rights, powers and privil-
eyes conferred by this section on street
railway corporations; provided, further,
that any corporation organized for tho
purpose Of locating, building, cEcOur-
aging and StabliShing manufactures
and manufacturing Establishments in
this state, upon the assent Of the hold
stock thereof, may purchase, take and
hold stock in and in its corporate ca
pacltY become subscriber to the cap
ital stock Of any corporation so aided
or encOura ged to the amount Of the
actual cash paid or other property cons
tributed to any such manufacturing
corporation.
Section g This act shall take effect
and be in force from and after it's pas
sage and publication.
Approved May 26, 1911. Copy Law.
No. 294, Al Published May q, 1911.
CHAPTER 202, LAWS OF 1911.
AN ACT to authorize any city of the
first class, whether organized under
general laws of special charter, to
convey park or other public lands to
the United States government for
light house and life saving station
purposes.
The people of the State of Wisconsin,
represented in Senate and Assembly,
do enact as follows:
Section /. Any city of the first class,
whether organized under general laws
or special charter, is hereby authorized
and empowered to sell, convey, lease or
exchange to or with the United States
government, any park or other public
lands belonging to such city to be used
as q site for an United States govern
ment light house or life saving sta
ton, which sale, conveyance, lease or
exchange shall first be recommended to
such common council by the board of
park commissioners of such city or
other board or body having control or
management of such park or other
public lands, and thereupOn the COM
mon council of such city may author-
ze the same by a resolution fixing the
terms and conditions of the transac-
ton; provided, that this act shall not
apply to any portion Of submerged
land constituting the bed Of Lake
Michigan, granted by the state to such
city for public park and boulevard pur-
Section 2. This act shall take effect
and be in force from and after its pas
sage and publication.
Approved May rs, 1911. Copy Law.
No. 1911, 81 Published May II, 1911.
CHAPTER 2O3, LAWS OF 1911.
AN ACT to create section 925-1SGa of
the statutes, relating to specitica-
tions for street improvements.
The people of the State OF Wisconsin,
represented in Senate and Assembly.
do enact as follows:
Section l. There is added to the
statutes a new section to read: Sec
ton 925-186a. Specifications for lay
ing street paVements may require that
any material therein shall be of a
specified kind of standard, naming 1t,
or material, which in the opinion OF the
board of public works, or other officers
charged with the duty Of awarding the
contract, shall be equal to the material
thus specified the decision of such
board or officers on such question to
be conclusive.
Section 2. This act shall take effect