Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44799/
Timestamp: 2019-08-22 01:41:03
Document Index: 449918826

Matched Legal Cases: ['§ 1', '§ 2', '§ 3', '§ 4', '§ 1', '§ 2', '§ 3', '§ 4']

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284 rail roads.
Restrictions, privileges, &c„
Directors, election of, 3
Power to make rotici, 4
Be  IT   ENACTED  BY  THE   GENERAL   ASSEMBLY   OF  THE   STATE   OF  MISSOURI,   AS  FOLLOWS:
§ 1. There shall be, and hereby is incorporated a company to be called
"The Paynesville and Mississippi Rail Road Company," the capital stock
whereof shallbe fifty thousand dollars, or so much thereof as may be necessary
to execute the objects of said company as hereinafter provided, to be divided
into shares of twenty-five dollars, the 'holders whereof their successors
or assigns shall constitute and be a body politic by the name and style
aforesaid, and by that name shall have perpetual succession, may SUe
and be sued, plead and be impleaded, defend and be defended, in any and all
alter or renew at pleasure; shall be able in law and equity to make and enforce
all kinds of contracts, may take, hold, use, and enjoy the fee simple, or any
other title or estate in any real estate, lands, tenements, hereditaments, and
the same to sell and dispose of at pleasure; may make such by-laws, rules
and regulations as may be necessary or proper for carrying into effect the
provisions, true intent and meaning, not repugnant to the constitution and
laws of this State and of the United Sates.
§ 2. That John H. Hughes, William Bell, Andrew Forgy, Charles W.
Jackson, Thomas Palmer, Andrew Meloan, Jeptha Jeans, Joseph Long, and
John Long, or a majority of them, shall constitute the first board ofdirectors
under this act, and shall hold their office until their successors are duly elected or qualified; and if any of the persons herein named, decline, refuse, or
fail to act, the residue may appoint some suitable person or persons to fill the
vacancy. The directors herein named, shall meet at such time and place as
may be designated by a majority of them, and organize into a board of directors. The directors, when organized, shall cause books to be opened for
subscription to the capital stock, at such times and places as they may designate, and under either the supervision of [one] or more of the directors, or
such other persons as they may appoint; said books may be re-opened for
further subscription to the stock as often, and at such places, and under the
supervision of such persons as any board of directors may deem proper, until the whole amount of stock is taken up.
§ 3. So soon as one hundred shares shall have been subscribed, the directors shall cause an election of nine directors, at such time and place as they
may designate, having first given public notice thereof in one or more public
newspapers printed in this State.
§ 4. The said company, by their agents or directors, shall have full power
and. authority, from time to time, to examine, survey, mark out and locate
the route for a rail road for a single and double track, the same not tobe more
than one hundred feet wide, commencing in the town of Panynesville, in the
county of Pike, running thence to the Mississippi river, at or near Jackson s
landing, between the mouths of Quinn's and Ramsey's creek, witli power, in
all cases, to diverge from a direct line whenever in their opinion the interests
of the company require. They shall have power to make such lateral roads
at the point of commencement and termination, or along the route as the
public convenience and the interests of the company may require.
§ ,5. The said Company shall, in all things, be subject to the ssme retric-
tions, and entitled to all the privileges, rights and immunities which are granted to the Louisiana and Columbia rail road company, by an act, entitled "An
act to incorporate the Louisiana and Columbia Rail Road Company," passed
Identifier LAWS_9th_1836-1838_0264.tif
Transcript 284 rail roads. Restrictions, privileges, &c„ Section Directors, election of, 3 Power to make rotici, 4 Secti0n ' 5 Be IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF MISSOURI, AS FOLLOWS: § 1. There shall be, and hereby is incorporated a company to be called "The Paynesville and Mississippi Rail Road Company," the capital stock whereof shallbe fifty thousand dollars, or so much thereof as may be necessary to execute the objects of said company as hereinafter provided, to be divided into shares of twenty-five dollars, the 'holders whereof their successors or assigns shall constitute and be a body politic by the name and style aforesaid, and by that name shall have perpetual succession, may SUe and be sued, plead and be impleaded, defend and be defended, in any and all courts of justice whatever, may make and use a common seal and the same alter or renew at pleasure; shall be able in law and equity to make and enforce all kinds of contracts, may take, hold, use, and enjoy the fee simple, or any other title or estate in any real estate, lands, tenements, hereditaments, and the same to sell and dispose of at pleasure; may make such by-laws, rules and regulations as may be necessary or proper for carrying into effect the provisions, true intent and meaning, not repugnant to the constitution and laws of this State and of the United Sates. § 2. That John H. Hughes, William Bell, Andrew Forgy, Charles W. Jackson, Thomas Palmer, Andrew Meloan, Jeptha Jeans, Joseph Long, and John Long, or a majority of them, shall constitute the first board ofdirectors under this act, and shall hold their office until their successors are duly elected or qualified; and if any of the persons herein named, decline, refuse, or fail to act, the residue may appoint some suitable person or persons to fill the vacancy. The directors herein named, shall meet at such time and place as may be designated by a majority of them, and organize into a board of directors. The directors, when organized, shall cause books to be opened for subscription to the capital stock, at such times and places as they may designate, and under either the supervision of [one] or more of the directors, or such other persons as they may appoint; said books may be re-opened for further subscription to the stock as often, and at such places, and under the supervision of such persons as any board of directors may deem proper, until the whole amount of stock is taken up. § 3. So soon as one hundred shares shall have been subscribed, the directors shall cause an election of nine directors, at such time and place as they may designate, having first given public notice thereof in one or more public newspapers printed in this State. § 4. The said company, by their agents or directors, shall have full power and. authority, from time to time, to examine, survey, mark out and locate the route for a rail road for a single and double track, the same not tobe more than one hundred feet wide, commencing in the town of Panynesville, in the county of Pike, running thence to the Mississippi river, at or near Jackson s landing, between the mouths of Quinn's and Ramsey's creek, witli power, in all cases, to diverge from a direct line whenever in their opinion the interests of the company require. They shall have power to make such lateral roads at the point of commencement and termination, or along the route as the public convenience and the interests of the company may require. § ,5. The said Company shall, in all things, be subject to the ssme retric- tions, and entitled to all the privileges, rights and immunities which are granted to the Louisiana and Columbia rail road company, by an act, entitled "An act to incorporate the Louisiana and Columbia Rail Road Company," passed