ground, and the buildings that may be erected thereon; and the said appraisement, having been confirmed by the said court, shali be filed in the clerk's office of said court; and the said company having paid to the said owners, respectively, the several soms awarded to be paid to them, together with the costs of the appraisements, the said corporation shall be entitled to have and to hold, to them, their successors and assigns, the said ground, as fully as if it had been granted by the respective owners there of; and thereupon, but not before, it shall be lawful to comProviso. mence the erection of said bridge: Provided always, That the said company shall open Duquesne way, in Pittsburg, and Bank lane, in Allegheny city, across the portion of streets occupied by the said bridge, so that vehicles may traverse the same with out hinderance and obstruction. Accounts to be Section 11. That the said president and managers shall keep, submitted andually to general or cause to be kept, fair and just accounts of all receipts, paymeeting ments and moneys still due to, from or on part of the said com pany, and shall submit the same, at least once in every year, to a general meeting of the stockholders; and whenever it sball appear manifestly to the said president, managers and company, at any such general meeting, or at a special meeting convened for that purpose, according to the provisions of this act, or of the by-laws of the company, that the proposed bridge cannot be completed without extending the number of shares, the same May extend shall be extended, under the direction of such meeting, as far as of stock. number of shares may be necessary to complete the proposed bridge ; which addi tional shares shall be sold and regulated in all respects, and be attended with the same rights and privileges as the original shares are herein, or by the by-laws of the company, directed to be ; and in case sufficient means should not be received from the sales of stock aforesaid, together with the funds in hand, to meet the expenditures for the construction of said bridge, the May issue bonds. said president and managers may issue coupon bonds, under the seal of said company, to the amount of fifty thousand dollars, bearing interest at the rate of six per cent. per annum, converti. ble into stock, at the option of the holder, and with the consent of the corporation, and redeemable in ten years after their issue: Proviso. Provided always, That the capital stock of said company shall not exceed the sum of one hundred and fifty thousand dollars, divided into shares of twenty-five dollars each. Construation of Section 12. That the said company shall construct their bridge not to obstruct in such manner as not to obstruct the navigation of the river; Davigation. no more than three piers shall be used, and the distance between the piers shall be at least three hundred feet. To be free for per. Section 13. That when the said company shall bave constructed a bridge according to the provisions of this act, the property of the same shall be vested in the said company; and the said bridge shall be and remain forever free for all persons crossing the same on foot; but the said company shall have the Tolls. right to erect gates, and to demand and receive tolls for all descriptions of vehicles, horses, mares, geldings, mules, cattle, sheep and swine that may pass over said bridge, at rates not es. ceeding those now allowed by law to other companies, for erect. Proviso. ing bridges over said river at Pittsburg: Provided, That the rates of tolls shall be so regulated that the revenue derived there BODs on foot. from shall in no year exceed a sum sufficient to pay six per cent. Section 14. That if the said company, their successors or as. Penalty for col. signs, or any person employed by them, shall collect or demand lecting toll of tolls from pedestrians, or shall neglect to keep the said bridge neglect to keep pedestrians, or in repair, he or they shall , for every such offence, forfeit and bridge in repair. pay twenty dollars, one half thereof for the use of the poor of the county of Allegheny, and the other half for the use of the person suing, to be recovered as other debts are now recoverable by law; either party to have the right of appeal to the court of common pleas. Section 15. That the said company shall keep a just account.To keep just acof all moneys received by their several collectors of tolls for counts of all tolls crossing the said bridge ; and shall declare and make a dividend of the income and profits thereof, among all the subscribers to Dividends. the said company's stock, in proportion to their respective shares, first deducting all contingent costs and charges, and such proportion of the said income as may be sufficient for a fund to provide against the decay, the repairing or the re-building of the Fund for repairsaid bridge, as time and accident may render necessary; and ing, or re-build. shall on the first Monday of June, of every year, publish the ing, relative to. dividend to be made of the clear profits arising from the tolls among the stockholders, and of the time and place where and when the same shall be paid, and shall cause the same to be paid aceordingly: Provided, That the dividends declared to stock. Proviso. holders shall never exceed six per centum per annum. Section 16. That if any person or persons shall wilfully pull Injury to properdown, break or destroy, with intent to injure, any part or parts ty or wilfully obof the said bridge, or any toll-house, gates, bars or other pro- sage, &e. structing pasperty of the said corporation, appurtenant to or erected for the use and convenience of the said bridge, or the persons employed in conducting the business thereof, or shall wilfully, and with: out the consent and orders of the said corporation, or any person or persons authorized by them, deface or destroy the letters or figures, or other characters in any written or printed list of the rates or tolls affixed in any place or places, for the information of passengers and others, or who shall wilfully and maliciously obstruct or impede the passage on or over the said bridge, or any part or parts thereof, he, she or they so offending, shall each of them forfeit and pay, for every such offence, to the said corporation, the sum of thirty dollars, to be sued for and recovered before any justice of the peace as debts of like amount are recoverable; and he, she or they so offending, shall remain liable to actions at the suit of said corporation for such wrongs, if the said sum or sums, herein mentioned, be not sufficient to repair and satisfy such damage: Provided always, That no such Proviso. suit shall be brought unless within thirty days after such offence shall have been committed. Section 17. That if the said company shall not proceed to Limitation and carry on the said work, within the space of two years from the reservation. passing of this act, and shall not within the space of five years from the passing thereof, complete the said bridge, it shall and may be lawful for the legislature of the commonwealth to resume all and singular the rights and privileges hereby granted to the said company. JOHN M. THOMPSON, Speaker of the House of Representatives pro tem. WM. M. FRANCIS, Speaker of the Senate. APPROVED—The thirtieth day of March, Anno Domini one thousand eight hundred and sixty. WM. F. PACKER. . No. 6+3. Α Ν Α C Τ' Incorporating the North-Eastern Market Company. Section 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That Corporators. John Snyder, Charles H. Lukens, Watson Tumbleson, George Sauerman, James Pierson, William Lukens, James Thornton, of Philadelphia county ; John Lloyd, William Yerkes, B. T. Hollowell, S. Powell Childs, Daniel Lloyd, Joseph W. Hollowell, Richard Roberts, Henry Stout, Albert R. Mann, Charles R. Roberts, William J. Hollowell, Daniel Carr, of Montgomery county; Jonathan Stackhouse, Joseph Bennett, Samuel Davis, Mitchell Woods, Joseph Paul, Joseph Barnsley, Joseph Meredith, Charles Kirk, Robert Ivins, Elisha Newbold, Harman Yerkes, Samuel Broadhurst, James Field, of Bucks county, and their associates, who may become stockholders in the company hereby incorpo. rated, shall be and they are hereby declared to be constituted a body politic or corporate, by the name, style and title of the Style. " Farmers' North-Eastern market company;" to have perpetual succession; to be capable of suing and being sued; to have a Powere. common seal, and the same to alter and renew at pleasure; and to have, hold, receive, enjoy and take, in fee simple or upon ground rent, such real and personal estate as may by them be deemed necessary and proper for the ownership, and for the construction, and for the proper use and management and maintenance of a market house in the city of Philadelphia, with full power to sell, mortgage and create the necessary ground rent deeds, or convey the said real and personal estate. Object and pur SECTION 2. That the object and purpose of said corporation pose. shall be to erect and maintain suitable building or buildings and stalls, with all other things necessary for the use thereof, at any place within the limits of the city of Philadelphia, east of Broad Section 3. The capital stock of said company shall consist of Capital stock. eight hundred shares of one hundred dollars each, with the privilege of increasing the same to any number of shares, not ex. ceeding two thousand : Provided, The stockholders, at a general or special meeting, shall so determine. Section 4. That the parties herein before named, or any nine Organization. of them, may proceed to organize said company, and obtain subscriptions to the capital stock thereof; and after six hundred shares shall have been subscribed, by not less than two hundred persons, and at least five per centum paid in on said subscriptions, they shall provide, by advertisements in two or more weekly newspapers in the city of Philadelphia, and in two or rrore newspapers in each of the counties of Bucks and Montgomery, for at least two weeks, for the election of a board of Election of direcnine directors, who shall serve until the second Tuesday of Jan. tors. vary next, and until their successors shall be duly elected ; and annually thereafter, upon the second Tuesday of January, the stockholders shall eleet a similar board of directors, to serve in like manner for one year, and until their successors shall be duly elected; and if, from any reason, any of said elections shall not be held at the time appointed, another time shall be appointed, according to the by-laws of said company, for said purpose, not more than two months later than said date; the directors Officers to be so elected shall elect a president, secretary and treasurer from elected. among themselves, and shall supply all vacancies in their board Vacancies that may occur, by death, resignation or otherwise, until the next annual election ; but no person shall be elected or appointed a director who shall not be at the time a practical farmer and Director to be a stockholder in said company; and in every election for direc. practical farmer. tors, each stockholder shall be entitled to one vote, by ballot, for each share of stock not exceeding ten shares, and for every ad- Votes. ditional ten shares, one vote, held by him or her in said company; but no stockholder, whether original subscriber or assignee, shall be entitled to vote at any election or meeting of said company, unless the whole sum due and payable on the share or shares by him or her held at the time, shall have been fully paid and discharged. Section 5. The said directors shall have power to make and enforce such by-laws and ordinances as shall be necessary to By-laws. carry out the true intent and meaning of this act. The stock a holders of said company shall only have a right to assign or Transfer of stock. transfer his or her share or shares of stock on the books of the company, according to such rules and regulations as shall be determined on by the directors. JOHN M. THOMPSON, Speaker of the House of Representatives pro tem. WM. M. FRANCIS, Speaker of the Senate. APPROVED— The second day of April, Anno Domini one thousand eight hundred and sixty. WM. F. PACKER. No. 644. AN ACT To incorporate the Farmers' Mutual Fire Insurance Company, Section 1. Be it enacted by the Senate and House of Represertatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That William Weskiman, C. G. Lamb, Christian Krumpie, Jacob Beck, G. E. Leithold, Henry Schoffer, John G. Lensnerey, G. G. Grobe, August Koeghr, B. Berninger, J. Christian Bauman and George Keck are hereby appointed commissioners, who, or a majority of whom, are authorized and empowered, from and after the passage of this act, to establish an insurance company by the name, style and title of the Farmers' mutual fire insurance company, to be located in Saxonburg, in Butler county; to be organized and managed according to the provisions of an act approved the second day of April, Anno Domini one thousand eight hundred and fifty-six, and shall be limited to the risks designated in the first class in the seventh section of said act, and shall transact business upon the mutual principle exclusively. JOHN M. THOMPSON, Speaker of the House of Representatives pro tem. WM. M. FRANCIS, Speaker of the Senate. APPROVED— The twenty-third day of March, Anno Domini one thousand eight hundred and sixty. WM. F. PACKER. |