Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44833/
Timestamp: 2020-08-15 06:38:35
Document Index: 29075463

Matched Legal Cases: ['§ 16', '§ 17', '§ 18', '§ 1', '§ 2', '§ 16', '§ 17', '§ 18', '§ 1', '§ 2']

Previous 296 of 332 Next
298 TURNPIKES.
to yield a dividend of more than fifteen per cent, upon the actual cost of the
road, and the General Assembly of this state, shall have power to reduce the
tolls whenever they shall exceed that amount so that the reduction
bring them down to the above standard.
§ 16. The president and managers of said company shall at the end of
every two years report to the General Assembly, a statement showing the
whole amount of capital stock expended in the construction of the said road
the amount of tolls received each year, expenses and charges incurred during
each year, and the nett annual profits or loss on the capital expended.
§ 17. Atthe expiration of forty years from the completion of the saidroad
the state of Missouri shall have the power of purchasing the said road, on
payment of the actual cost of the same, with fifteen per cent, upon the same
if in good repair; if not in good repair, the said per centage and actual cost
shall be paid, deducting from that amount the sum which may be necessary
to put the road in good repair.
§ 18. The said company shall have power to purchase and hold any land
for the purpose of supplying material for the construction and repair of the
AN ACT to incorporate the St. Louis and Belle Fontaine Turnpike Company.
DCCUOi-
Stock, subscription for,
Meeting to organize company,
Powers of corporation,
Style and further powers,
Corporation may take stock,
Survey of road,
Manner of constructing road,
Company ma? establish a ferry, n
And shall keep a substantial boat, 12
And may extend their capital stock, 13
Road shall be paved, 14
Commencement and completion of road, 16
Toll gates, 168.H
Duration of Charter, 18
When lands belong to minors, &<;., proceedings, 19
Rates of ferriage, 20
Rates of tolls, 21
Report to General Assembly, ib
Be it enactbd by the General Assembly of the State of Missoubi, as follows:
§ 1. That a company be and the same is hereby Incorporated under the
name and style ofthe St. Louis and Belle Fontaine Turnpike company, with
a capital of twenty-five thousand dollars, to be increased to one hundred
thousand, as hereinafter provided, to make and construct a Turnpike road,
from the city of St. Louis, to the Alton ferry landing on the Missouri side
of the Mississippi river, passing through Belle Fontaine, and crossing the
Missouri river at that place.
§ 2. That for making said road, subscription books, for the capital stock
of twenty-five thousand dollars, in one thousand shares of twenty-five dollars
each, shall be opened at the city of St. Louis, under the direction of John
O'Fallon, Dunham Spalding, and Joseph C. Laveille, who are hereby appointed commissioners with such persons as they may select; on the first
Monday in March next, and continue open for thirty days, and in the event
of the one thousand shares not being subscribed at the expiration of the said
thirty days in the manner hereinafter provided, then and in that event, the
said commissioners above named, are hereby authorized and empowered,
to cause said books to be re-opened, at such times and   places as they
Identifier LAWS_9th_1836-1838_0298.tif
Transcript may 298 TURNPIKES. to yield a dividend of more than fifteen per cent, upon the actual cost of the road, and the General Assembly of this state, shall have power to reduce the tolls whenever they shall exceed that amount so that the reduction bring them down to the above standard. § 16. The president and managers of said company shall at the end of every two years report to the General Assembly, a statement showing the whole amount of capital stock expended in the construction of the said road the amount of tolls received each year, expenses and charges incurred during each year, and the nett annual profits or loss on the capital expended. § 17. Atthe expiration of forty years from the completion of the saidroad the state of Missouri shall have the power of purchasing the said road, on payment of the actual cost of the same, with fifteen per cent, upon the same if in good repair; if not in good repair, the said per centage and actual cost shall be paid, deducting from that amount the sum which may be necessary to put the road in good repair. § 18. The said company shall have power to purchase and hold any land for the purpose of supplying material for the construction and repair of the road. Approved, Feb. 3, 1837. ST. LOUIS AND BELLE FONTAINE TURNPIKE COMPANY. AN ACT to incorporate the St. Louis and Belle Fontaine Turnpike Company. Company incorporated, DCCUOi- 1 Capital, _ Stock, subscription for, ib Meeting to organize company, 3 Election of officers, ib Powers of corporation, 4 Style and further powers, 5 Corporation may take stock, 6 Payment of stock, 7 Annual meetings of stockholders, 8 Survey of road, 9 Manner of constructing road, 10 Section Company ma? establish a ferry, n And shall keep a substantial boat, 12 And may extend their capital stock, 13 Road shall be paved, 14 Commencement and completion of road, 16 Toll gates, 168.H Duration of Charter, 18 When lands belong to minors, &<;., proceedings, 19 Rates of ferriage, 20 Rates of tolls, 21 Report to General Assembly, ib Be it enactbd by the General Assembly of the State of Missoubi, as follows: § 1. That a company be and the same is hereby Incorporated under the name and style ofthe St. Louis and Belle Fontaine Turnpike company, with a capital of twenty-five thousand dollars, to be increased to one hundred thousand, as hereinafter provided, to make and construct a Turnpike road, from the city of St. Louis, to the Alton ferry landing on the Missouri side of the Mississippi river, passing through Belle Fontaine, and crossing the Missouri river at that place. § 2. That for making said road, subscription books, for the capital stock of twenty-five thousand dollars, in one thousand shares of twenty-five dollars each, shall be opened at the city of St. Louis, under the direction of John O'Fallon, Dunham Spalding, and Joseph C. Laveille, who are hereby appointed commissioners with such persons as they may select; on the first Monday in March next, and continue open for thirty days, and in the event of the one thousand shares not being subscribed at the expiration of the said thirty days in the manner hereinafter provided, then and in that event, the said commissioners above named, are hereby authorized and empowered, to cause said books to be re-opened, at such times and places as they