Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44834/
Timestamp: 2019-12-12 16:40:00
Document Index: 600291732

Matched Legal Cases: ['§ 6', '§ 7', '§ 8', '§ 9', '§ 6', '§ 7', '§ 8', '§ 9']

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TURNPIKES. 299
shall think proper, until the whole amount of capital stock aforesaid is subscribed,
x 3. That when the said capital stock of one thousand shares shall all be
subscribed, the said commissioners shall give two weeks notice, in some new.s-
naper printed in St. Louis, of the time and place which they shall designate
for the stockholders to meet, for the purpose of organizing said corporation,
choosing by ballot a president and five managers, (three of whom shall be a
quorum,) a treasurer and such other officers as they shall deem necessary for
conducting the affairs of said company, until the first Monday in May thereafter, and until a new election, and at such meeting for election, or in determining any question that may arise at any subsequent meeting, every person
. or body politic holding shares, shall be entitled to vote, in person or by proxy
and each share shall be entitled to one vete: Provided, that no person, body
politic or corporate, shall have a majority of the whole number of votes,
whatever number of shares he, she, or they may hold.
k 4. The said corporation shall have power to make by-laws and regulations for the government of the same, and to alter and amend them at pleasure:
Provided, they do not contravene the general laws of the land.
S 5. That the stockholders in said company, shall be and they are hereby-
incorporated and constituted a body politic and corporate, by the name and
style as aforesaid, and by that name shall have succession, during the continuance of this charter and the said stockholders and their successors by such
name may sue and be sued, answer and be answered unto, defend and be defended, in any court of law or equity in this State, and may do and execute
every other matter and thing, by the name afoiesaid, that they are authorized
to do by virtue of this act,.
§ 6. It may be lawful for any corporation, or body politic in this State, or
in the United States to become stockholders in the company hereby incorporated.
§ 7. The sums subscribed to the stock of said company shall be paid in.
in the following maimer, to wit: one dollar on each share at the time of subscribing, to the commissioners or the person selected by them for that purpose four dollars to the managers elected, in one month after the fiirst election, and the remainder in such sums, and at such times, as the managers or
a majority of them may appoint, giving two weeks notice of the payment
required, in one or more newspapers published in the City of St. Louis, of
the payment required; Provided, that the subsequent payments shall not be
demanded, until the road is actually commenced and in progress.
§ 8. That after the first meeting of the stockholders, shall have been held
as herein before mentioned, there shall be a meeting of the stockholders on,
the first. Monday of May in each and every year, or within four days thereafter, at such place as the said stockholders, at their last meeting may have
designated, when and where they may elect by a plurality of votes, by ballot
a president, five managers (three of whom shall constitute a quorum,) a treasurer and such other officers as they may deem necessary for the ensuing year,
aud until a new election, and may by a majority of votes present adopt, alter
°r amend such by-laws, rules orders and regulations, as they may deem necessary, for the well-governing the affairs of said corporation not contravening any general law.
§ 9. That the said president and managers be and they are hereby authorized to appoint three disinterested commissioners, who, or a majority of
whom agreeing, shall appoint some competent engineer or surveyor, and shall
iayout said road, in the nearest and best direction from the City of St. Louis,
to Belle Fontaine, passing through the streets already laid out in the various
additions to the city of St. Louis, and thereafter as near as may be unless
Identifier LAWS_9th_1836-1838_0299.tif
Transcript TURNPIKES. 299 shall think proper, until the whole amount of capital stock aforesaid is subscribed, x 3. That when the said capital stock of one thousand shares shall all be subscribed, the said commissioners shall give two weeks notice, in some new.s- naper printed in St. Louis, of the time and place which they shall designate for the stockholders to meet, for the purpose of organizing said corporation, choosing by ballot a president and five managers, (three of whom shall be a quorum,) a treasurer and such other officers as they shall deem necessary for conducting the affairs of said company, until the first Monday in May thereafter, and until a new election, and at such meeting for election, or in determining any question that may arise at any subsequent meeting, every person . or body politic holding shares, shall be entitled to vote, in person or by proxy and each share shall be entitled to one vete: Provided, that no person, body politic or corporate, shall have a majority of the whole number of votes, whatever number of shares he, she, or they may hold. k 4. The said corporation shall have power to make by-laws and regulations for the government of the same, and to alter and amend them at pleasure: Provided, they do not contravene the general laws of the land. S 5. That the stockholders in said company, shall be and they are hereby- incorporated and constituted a body politic and corporate, by the name and style as aforesaid, and by that name shall have succession, during the continuance of this charter and the said stockholders and their successors by such name may sue and be sued, answer and be answered unto, defend and be defended, in any court of law or equity in this State, and may do and execute every other matter and thing, by the name afoiesaid, that they are authorized to do by virtue of this act,. § 6. It may be lawful for any corporation, or body politic in this State, or in the United States to become stockholders in the company hereby incorporated. § 7. The sums subscribed to the stock of said company shall be paid in. in the following maimer, to wit: one dollar on each share at the time of subscribing, to the commissioners or the person selected by them for that purpose four dollars to the managers elected, in one month after the fiirst election, and the remainder in such sums, and at such times, as the managers or a majority of them may appoint, giving two weeks notice of the payment required, in one or more newspapers published in the City of St. Louis, of the payment required; Provided, that the subsequent payments shall not be demanded, until the road is actually commenced and in progress. § 8. That after the first meeting of the stockholders, shall have been held as herein before mentioned, there shall be a meeting of the stockholders on, the first. Monday of May in each and every year, or within four days thereafter, at such place as the said stockholders, at their last meeting may have designated, when and where they may elect by a plurality of votes, by ballot a president, five managers (three of whom shall constitute a quorum,) a treasurer and such other officers as they may deem necessary for the ensuing year, aud until a new election, and may by a majority of votes present adopt, alter °r amend such by-laws, rules orders and regulations, as they may deem necessary, for the well-governing the affairs of said corporation not contravening any general law. § 9. That the said president and managers be and they are hereby authorized to appoint three disinterested commissioners, who, or a majority of whom agreeing, shall appoint some competent engineer or surveyor, and shall iayout said road, in the nearest and best direction from the City of St. Louis, to Belle Fontaine, passing through the streets already laid out in the various additions to the city of St. Louis, and thereafter as near as may be unless