Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44787/
Timestamp: 2019-08-25 08:14:05
Document Index: 766402417

Matched Legal Cases: ['§ 17', '§ 18', '§ 19', '§ 21', '§ 24', '§ 25', '§ 17', '§ 18', '§ 19', '§ 21', '§ 22', '§ 23', '§ 24', '§ 25']

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252 RAIL   ROADS.
and shall be payable in such times and places as may be agreed upon: Provided, said notes shall not in any event bear a greater rate of interest than
§ 17. When any stock shall have been subscribed for by the county, the
they may, at any time, require of the directors information concerning the affairs of the company.
§ 18. At every annual election, the directors shall lay before the stockholders present, an exhibit of the affairs and condition of the company.
Any number of the stockholders owning one-fifth of the stock subscribed, may
call a meeting of the stockholders by giving at least two weeks notice in two
or more newspapers printed in the State, specifying the object ofthe call; and
if a majority of the stockholders are present or represented, they may make
such order, touching the concerns of the company, as a majority may determine: Provided, That said majority of stockholders must also embrace a majority of the shares subscribed.
§ 19. This State, and the United States, shall have the right, in time of
war, to use said road for the transportation of troops, or munitions of war, in
preference to all other persons.
§ .30. When said road is located, the company shall cause a plat, thereof
to be made out and filed in the office of the Secretary of State, and the legislature may, at any time, require a statement from the company, as to the progress of the work, the amount of business, and the receipts thereon.
§ 21. Any person interested, may, at any time when he believes that this
charter has been violated, make complaint, under oath, to any circuit court
in which any part of said road lies, and thereupon said court may issue
a scire facias, specifying particularly the violations complained of: and if, upon the trial thereof, by a jury or otherwise, said charter shall be found to
inspection of any agent of the State, appointed by the General Assembly,to
§ 24. Whenever the'aforesaid amount of. one thousand shares are subscribed, all the powers, privileges, rights, immunities and benefits conferred,or
intended to be conferred by this charter, shall be invested in the holders of,
said shares; and whenever any other portion of the capital, stock is subscribed
- company; and the stock of said company shall be exempt from ail State and
§ 25.    If any person shall wilfully and knowingly injure or obstruct said
road, or any part thereof, or shall break, destroy, or deface any work, edifice,
Identifier LAWS_9th_1836-1838_0252.tif
Transcript 252 RAIL ROADS. and shall be payable in such times and places as may be agreed upon: Provided, said notes shall not in any event bear a greater rate of interest than seven per cent, per annum. All proceedings in relation thereto shall be entered on the records of the court. § 17. When any stock shall have been subscribed for by the county, the justices shall have a light to vote on behalf of the county at any election, and they may, at any time, require of the directors information concerning the affairs of the company. § 18. At every annual election, the directors shall lay before the stockholders present, an exhibit of the affairs and condition of the company. Any number of the stockholders owning one-fifth of the stock subscribed, may call a meeting of the stockholders by giving at least two weeks notice in two or more newspapers printed in the State, specifying the object ofthe call; and if a majority of the stockholders are present or represented, they may make such order, touching the concerns of the company, as a majority may determine: Provided, That said majority of stockholders must also embrace a majority of the shares subscribed. § 19. This State, and the United States, shall have the right, in time of war, to use said road for the transportation of troops, or munitions of war, in preference to all other persons. § .30. When said road is located, the company shall cause a plat, thereof to be made out and filed in the office of the Secretary of State, and the legislature may, at any time, require a statement from the company, as to the progress of the work, the amount of business, and the receipts thereon. § 21. Any person interested, may, at any time when he believes that this charter has been violated, make complaint, under oath, to any circuit court in which any part of said road lies, and thereupon said court may issue a scire facias, specifying particularly the violations complained of: and if, upon the trial thereof, by a jury or otherwise, said charter shall be found to have been violated, the court may appoint trustees to take charge of the affairs of said company, and the charter privileges shall from that time cease. § 22. If said road, after its completion, shall be suffered to go into decay, or be impassable for the space of one year, unless when the same is repairing, this charter shall be taken and considered as forfeited. § 23. The company shall cause to be kept a fair record of the whole expense of making and repairing of said road, or any part thereof, with all incidental expenses, and also a fair account of the receipts from said road, and the State shall have the right, after the end of forty years, to purchase the stock in said road, by paying to the said company so much therefor as it shall be valued at by persons to be mutually chosen on the part of the State and the company. The books of said company shall, at all times, be open for the inspection of any agent of the State, appointed by the General Assembly,to inspect the same: Provided, also, That the State shall give at least four years notice to the company of her intention to purchase prior to the time fixed for making the purchase. § 24. Whenever the'aforesaid amount of. one thousand shares are subscribed, all the powers, privileges, rights, immunities and benefits conferred,or intended to be conferred by this charter, shall be invested in the holders of, said shares; and whenever any other portion of the capital, stock is subscribed for, the same shall be vested in all subsequent subscribers. Every person who shall cease to be a shareholder, shall also cease to be a member of said - company; and the stock of said company shall be exempt from ail State and county taxes. § 25. If any person shall wilfully and knowingly injure or obstruct said road, or any part thereof, or shall break, destroy, or deface any work, edifice,