Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44831/
Timestamp: 2019-12-13 16:57:07
Document Index: 270954396

Matched Legal Cases: ['§ 8', '§ 9', '§  10', '§ 1', '§ 2', '§ 3', '§ 8', '§ 9', '§ 10', '§ 1', '§ 2', '§ 3']

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296 TURNPIKES.
sage of this act, be, made useful within three years, and be completed within
five years after the passage as aforesaid; and after the period of twenty years
after the completion of the said road, the said company if required shall relinquish to the state of Missouri the same, on condition that the State of Mis.
souri pay to the said company the cost thereof with fifteen per cent, thereon
including all expenses of placing the same in good repair, at the period of relinquishing the same; Provided, that if the state shall not determine to take
the said road, the company may sell or dispose of it to any other company
or individual or hold the same at their option.
§ 8. The said company shall faithfully account with each share-holder
and make dividends of the profits or apportionments of loss, at least once in
each year, according to such rules and regulations as they adopt.
§ 9. This act shallbe held and considered a public act, and the corporation hereby created shall be held liable, and also endowed with such priviliges
as are usual to corporate bodies for the above purposes.
§  10.    This act to be in force from and after its passage.
PALMYRA AND MARION CITY TURNPIKE COMPANY.
■AN ACT to incorporate
the   Palmyra
and Marion    City   Turnpike
Stocks, subscriptions for, 2
Books, closed when, 3
Officers of company elected, 4
Subscriptions, how sealed, 6
Birst meeting faillirig, another may be appointed, ib
Votes may be  given by proxy—one  for   each
share, 0
Powers of president and managers, 7
Managers may appoint other officers, 8
Stock, payment of, 9
Survey of road, m
Roads shall be kept, in what order, 11
Company may receive for making roads, 12
Commeneementand completion of road, 1.1
Toll gates, when to be erected, 14
Rates of toll, 16
Report to General Assembly, 16
State may purchase road, when, 1.
Be it enacted by the General Assembly of the   State of Missouri, as follows:—
§ 1. The stockholders of a company to be raised and organized, as hereinafter prescribed, are hereby incorporated by the name of "The Palmyra and
Marion City Turnpike Company," with a capital stock of fifty thousand dollars, for the purpose of making; a turnpike road from the town of palmyra to
Marion City, in the county of Marion, ••.rid by that name may have continual
succession, and a common seal; may hold property; sue and be sued; and
exercise the usual rights of bodies politic and corporate for such purposes.
§ 2. Books for the subscription of stock, in shares of fifty dollars each,
shall be opened on the first day of March next, at the town of Palmyra, under
the superintendence of vVilliarn Blakey, Henry Wilcox, Thos L. Anderson,
Francis Loen, George W. Lane, and Sidney P. Haynes; at Marion City, under the superintendence of John McKee, Consiatituie Brown, John Foster,
William Wright, Hannah and George McDaniel, and continue open one
hundred and fifty days, unless the amount of stock be sooner taken; and if
the full amount, be not then subscribed, said superintendents may cause them
to be continued open, or re-opened, at such times and places as they may
think proper, until the whole be taken.
§ 3. The superintendents, at each of ihe places aforesaid, shall, at the
end of every ten days after said books are opened, inform such other of the
Identifier LAWS_9th_1836-1838_0296.tif
Transcript 296 TURNPIKES. sage of this act, be, made useful within three years, and be completed within five years after the passage as aforesaid; and after the period of twenty years after the completion of the said road, the said company if required shall relinquish to the state of Missouri the same, on condition that the State of Mis. souri pay to the said company the cost thereof with fifteen per cent, thereon including all expenses of placing the same in good repair, at the period of relinquishing the same; Provided, that if the state shall not determine to take the said road, the company may sell or dispose of it to any other company or individual or hold the same at their option. § 8. The said company shall faithfully account with each share-holder and make dividends of the profits or apportionments of loss, at least once in each year, according to such rules and regulations as they adopt. § 9. This act shallbe held and considered a public act, and the corporation hereby created shall be held liable, and also endowed with such priviliges as are usual to corporate bodies for the above purposes. § 10. This act to be in force from and after its passage. Approved, Feb. 6, 1837. PALMYRA AND MARION CITY TURNPIKE COMPANY. ■AN ACT to incorporate the Palmyra Company. and Marion City Turnpike Section Company incorporated, 1 Stocks, subscriptions for, 2 Books, closed when, 3 Officers of company elected, 4 Subscriptions, how sealed, 6 Birst meeting faillirig, another may be appointed, ib Votes may be given by proxy—one for each share, 0 Powers of president and managers, 7 Section Managers may appoint other officers, 8 Stock, payment of, 9 Survey of road, m Roads shall be kept, in what order, 11 Company may receive for making roads, 12 Commeneementand completion of road, 1.1 Toll gates, when to be erected, 14 Rates of toll, 16 Report to General Assembly, 16 State may purchase road, when, 1. Be it enacted by the General Assembly of the State of Missouri, as follows:— § 1. The stockholders of a company to be raised and organized, as hereinafter prescribed, are hereby incorporated by the name of "The Palmyra and Marion City Turnpike Company," with a capital stock of fifty thousand dollars, for the purpose of making; a turnpike road from the town of palmyra to Marion City, in the county of Marion, ••.rid by that name may have continual succession, and a common seal; may hold property; sue and be sued; and exercise the usual rights of bodies politic and corporate for such purposes. § 2. Books for the subscription of stock, in shares of fifty dollars each, shall be opened on the first day of March next, at the town of Palmyra, under the superintendence of vVilliarn Blakey, Henry Wilcox, Thos L. Anderson, Francis Loen, George W. Lane, and Sidney P. Haynes; at Marion City, under the superintendence of John McKee, Consiatituie Brown, John Foster, William Wright, Hannah and George McDaniel, and continue open one hundred and fifty days, unless the amount of stock be sooner taken; and if the full amount, be not then subscribed, said superintendents may cause them to be continued open, or re-opened, at such times and places as they may think proper, until the whole be taken. § 3. The superintendents, at each of ihe places aforesaid, shall, at the end of every ten days after said books are opened, inform such other of the