Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44819/
Timestamp: 2020-06-07 01:21:10
Document Index: 35197409

Matched Legal Cases: ['§ 8', '§ 9', '§ 10', '§ 11', '§ 8', '§ 9', '§ 10', '§ 11']

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284 RAIL   ROADS.
and they shall have power to appoint committees of directors, and one .or
all such other officers, clerks, and agents as they shall deem expedient and
proper for the well conducting and tranacting their business; and they shall
also have power at such time or times, as to them shall seem meet, to.make
power to fix the time and place for thejjpayment of such instalments or prr>
portions of the said.capital stock as they shall deem ■ necessary, in order to
'carry on their said business; Provided, that notice of;the time of .payment of
such instalments be made in the public papers aforesaid at least thirty days
previous to such time of payment. They shall also have power to, prescribe
and fix the compensation of wages, and the duties, powers and conduct of
the officers and agents of said company; the election and meeting of direc-
" tors the transfer of shares, the management and conducting the business of
- said company, and all matters appertaining thereto; Provided, that the declaration of dividends shall be semi-annually.
§ 8. That the president directors and.company of the said rail-road company shall have power to survey, lay down, ascertain, mark and fix such
route as they shall deem expedient for a single or double rail-road track, beginning at Caledonia, in the county of Washington; thence by the way of
the Iron Mountain, and as near to Mine a La Motte and Jackson as is practicable, to some point on the Mississippi river,.at or near Cape Girardeau, in the
county of Cape Girardeau, having due regard to the situation and nature of
the ground, and of the buildings thereon, the public convenience, and the interests ofthe stockholders, and so as to do the least damage to private property.
§ 9. That the president and directors of said company, their officers and '
agents shall have full power and authority to enter upon all lands and tenements through which they may judge it necessary to make the said rail road,
and to lay out the same on the best route, so that. neither the dwelling house,
yard, garden, nor curtilage of any person be invaded without his or her consent; and the breadth of land occupied as aforesaid, for the purposes of said
rail road, shall not exceed one hundred feet, that is to say, fifty feet on each
side from the centre line of said rail road; anddf thepresident and directors
cannot agree with the owner or owners of the land on the terms upon which
the said rail road shallbe opened through it, then the. rate of compensation
for lands so occupied shallbe ascertained and paid in the manner hereinafter
§ 10. That if shall be lawful for the president and directors of said company to make or cause to be made lateral or branch raiLroads from the main
rail road as aforesaid, as they may'hereafter deem proper to promote the objects of the company and which the population, trade, and interests »f the
country adjacent to the main rad road may require; and such lateral or
branch rail road, shall be surveyed, constructed and managed under the same
conditions and restrictions, and with the same privileges and immunities. as
are herein prescribed, for the survey, construction and management ofthe
main rail roads aforesaid: Provided, the said lateral shall not exceed twenty-
.Hve miles in length.
§ 11. If the president and directors connot agree with the owner of the
lands upon the terms on which the said rail-road shall be opened. through it,
It shall be lawful for the parties to appoint five suitable and disinterested persons to estimate the damages which the owner of the lands may sustain, who
shall be under oath or affirmation fairly and impartially to estimate the same,
and it shall be the duty of the said valuers to make an award in writing, signed and sealed by them, specifying the quantum of damages allowed, and to
Identifier LAWS_9th_1836-1838_0284.tif
Transcript 284 RAIL ROADS. and they shall have power to appoint committees of directors, and one .or more assistants, and also to appoint a treasurer and secretary, engineer, and all such other officers, clerks, and agents as they shall deem expedient and proper for the well conducting and tranacting their business; and they shall also have power at such time or times, as to them shall seem meet, to.make and declare dividends of such part ofthe profits, resulting from the business of the said company, as they shall deem expedient; and they shall also have power to fix the time and place for thejjpayment of such instalments or prr> portions of the said.capital stock as they shall deem ■ necessary, in order to 'carry on their said business; Provided, that notice of;the time of .payment of such instalments be made in the public papers aforesaid at least thirty days previous to such time of payment. They shall also have power to, prescribe and fix the compensation of wages, and the duties, powers and conduct of the officers and agents of said company; the election and meeting of direc- " tors the transfer of shares, the management and conducting the business of - said company, and all matters appertaining thereto; Provided, that the declaration of dividends shall be semi-annually. § 8. That the president directors and.company of the said rail-road company shall have power to survey, lay down, ascertain, mark and fix such route as they shall deem expedient for a single or double rail-road track, beginning at Caledonia, in the county of Washington; thence by the way of the Iron Mountain, and as near to Mine a La Motte and Jackson as is practicable, to some point on the Mississippi river,.at or near Cape Girardeau, in the county of Cape Girardeau, having due regard to the situation and nature of the ground, and of the buildings thereon, the public convenience, and the interests ofthe stockholders, and so as to do the least damage to private property. § 9. That the president and directors of said company, their officers and ' agents shall have full power and authority to enter upon all lands and tenements through which they may judge it necessary to make the said rail road, and to lay out the same on the best route, so that. neither the dwelling house, yard, garden, nor curtilage of any person be invaded without his or her consent; and the breadth of land occupied as aforesaid, for the purposes of said rail road, shall not exceed one hundred feet, that is to say, fifty feet on each side from the centre line of said rail road; anddf thepresident and directors cannot agree with the owner or owners of the land on the terms upon which the said rail road shallbe opened through it, then the. rate of compensation for lands so occupied shallbe ascertained and paid in the manner hereinafter prescribed. § 10. That if shall be lawful for the president and directors of said company to make or cause to be made lateral or branch raiLroads from the main rail road as aforesaid, as they may'hereafter deem proper to promote the objects of the company and which the population, trade, and interests »f the country adjacent to the main rad road may require; and such lateral or branch rail road, shall be surveyed, constructed and managed under the same conditions and restrictions, and with the same privileges and immunities. as are herein prescribed, for the survey, construction and management ofthe main rail roads aforesaid: Provided, the said lateral shall not exceed twenty- .Hve miles in length. § 11. If the president and directors connot agree with the owner of the lands upon the terms on which the said rail-road shall be opened. through it, It shall be lawful for the parties to appoint five suitable and disinterested persons to estimate the damages which the owner of the lands may sustain, who shall be under oath or affirmation fairly and impartially to estimate the same, and it shall be the duty of the said valuers to make an award in writing, signed and sealed by them, specifying the quantum of damages allowed, and to