Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/46546/
Timestamp: 2019-08-17 23:46:02
Document Index: 101945031

Matched Legal Cases: ['§ 15', '§ 16', '§ 17', '§ 18', '§ 19', '§ 2', '§ 15', '§ 16', '§ 17', '§ 18', '§ 19', '§ 2']

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238 LAWS   OF
be adjudged guilty of a misdemeanor, and may be punished by fine or irapris-
onment, at the discretion of the court before whom conviction may be had.
§ 15. The said, directors shall have power to borrow money, if necessary
for the purpose of carrying into effect any of the provisions of this act, and to
pledge for the security of the payment of the same, the property of said corporation, either real or personal; all contracts made, or obligations for the payment of money, signed by the president and secretary, shall be obligatory on
said corporation: Provided, the same shall have been authorized by a majority
§ 16. The said directors may declare a dividend of such per cent, of the
profits, which may accrue to said company, to be paid to the stockholders as
often and at such times and places, as they or a majority- of them shall determine.
§ 17. The State of Missouri, and the U. States, shall, at all times, have the
right of having troops or munitions of war transported on said road in preference to all other persons or property; and the stock of said company shallbe
exempt from all State or county taxes.
§ 18. The powers conferred by this act are in no case to be so construed,
as to interfere with the chartered rights of any other corporation.
§ 19. The county courts of the several counties, through which said road
shall pass, shall have the privilege to take one fourth of said stock, which shall
be equally divided and apportioned between the several counties which shall be-
ceme subscribers to the same.
[* The enacting clause has been omitted in the original roll.]
CALEDONIA AND WASHINGTON COUNTY RAIL ROAD COMPANY.
JlN ACT to amend an act supplementary to an act entitled "an act to incorporate a
company to make a Macadamized road from Caledonia in Washington county, to
the Mississippi river," approved March IQth, 1835.
Sec. 1.    Commencement and termination of the road established.
2.    Time for commencement of said road extended.
§ I. The said road shall begin, as in the aforesaid act provided, and shall
terminate in the Mississippi at such point as the said company shall deem expedient, any provision in the second section of the act, to which this is amendatory, notwithstanding.
§ 2. The said company shall have two years from the passage of this act
to commence the said road, and shall complete the same within seven years, or
the said charter shall be null and void: and so long as the said company shall
keep the said road in repair, they shall have the sole and exclusive control
of the same, subject to the right of the State to purchase the said road at the
expiration of forty years from the completion of said road.
Identifier LAWS_10th_1838-1839_0238.tif
Transcript 238 LAWS OF be adjudged guilty of a misdemeanor, and may be punished by fine or irapris- onment, at the discretion of the court before whom conviction may be had. § 15. The said, directors shall have power to borrow money, if necessary for the purpose of carrying into effect any of the provisions of this act, and to pledge for the security of the payment of the same, the property of said corporation, either real or personal; all contracts made, or obligations for the payment of money, signed by the president and secretary, shall be obligatory on said corporation: Provided, the same shall have been authorized by a majority of the board of directors. § 16. The said directors may declare a dividend of such per cent, of the profits, which may accrue to said company, to be paid to the stockholders as often and at such times and places, as they or a majority- of them shall determine. § 17. The State of Missouri, and the U. States, shall, at all times, have the right of having troops or munitions of war transported on said road in preference to all other persons or property; and the stock of said company shallbe exempt from all State or county taxes. § 18. The powers conferred by this act are in no case to be so construed, as to interfere with the chartered rights of any other corporation. § 19. The county courts of the several counties, through which said road shall pass, shall have the privilege to take one fourth of said stock, which shall be equally divided and apportioned between the several counties which shall be- ceme subscribers to the same. APPROVED, Feb. 13,1839. [* The enacting clause has been omitted in the original roll.] CALEDONIA AND WASHINGTON COUNTY RAIL ROAD COMPANY. JlN ACT to amend an act supplementary to an act entitled "an act to incorporate a company to make a Macadamized road from Caledonia in Washington county, to the Mississippi river," approved March IQth, 1835. Sec. 1. Commencement and termination of the road established. 2. Time for commencement of said road extended. Be it enacted by the General Assembly of the State of Missouri, as follows: § I. The said road shall begin, as in the aforesaid act provided, and shall terminate in the Mississippi at such point as the said company shall deem expedient, any provision in the second section of the act, to which this is amendatory, notwithstanding. § 2. The said company shall have two years from the passage of this act to commence the said road, and shall complete the same within seven years, or the said charter shall be null and void: and so long as the said company shall keep the said road in repair, they shall have the sole and exclusive control of the same, subject to the right of the State to purchase the said road at the expiration of forty years from the completion of said road. APPROVED, Feb. 8, 1839.