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No. 46.

AN ACT

To incorporate the Chartiers Valley railroad company.

SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That Commissioners. John H. Ewing, John Bausman, L. P. Hitchcock, Jacob Morgan, William S. Calahan, George S. Hayes, John Boyce, Thomas Watson, John Weaver, Daniel Houston, Robert McKnight, David P. Morgan, James O'Harra Denny, Thomas Bakewell, Henry Graff, J. K. Moorehead, Frederick Lorenz, William Larimer, jr., George Ledlie, Leckey Harper, Mansfield Brown, William M. Daniel, and Charles A. Paulson be, and they are hereby appointed commissioners to open books, receive subscriptions and organize a company by the style and title of the "Chartiers Valley railroad company," with power to construct a railroad from the city of Pittsburg, in the county of Allegheny, by way of Cannonsburg to the borough of Washington, in Washington county.

Style.

Capital stock

Notice to be

given of meeting of stockholders.

Proviso.

Meeting of stockholders.

Proviso.

Officers.

SECTION 2. That the capital stock of said company shall consist of five hundred thousand dollars: Provided, That the said company may from time to time by a vote of the stockholders at a meeting called for that purpose, increase their capital stock if it shall be deemed necessary to an amount fully sufficient to carry out the true intent and meaning of this act.

SECTION 3. That a majority of the commissioners named in the first section of this act, shall as soon as practicable after the reception of the letters patent give twenty days' notice, in two or more newspapers in the city of Pittsburg and borough of Washington, of a time and place for the subscribers to the capital stock of said company to meet, and shall at such time and place proceed to hold an election by ballot, and appoint judges thereof, for the purpose of electing from the stockholders seven managers for the management of the affairs of said company, who shall continue in office until the second Monday of January next ensuing said election, or until other officers are chosen: Provided, That no person shall be elected such manager who is not a citizen of one or the other of the two counties through which the said road passes.

SECTION 4. That the stockholders shall meet on the second Monday of January in each year, at such place as may be designated in the bylaws of the company, of which meeting at least twenty days' notice shall be given in three or more newspapers in the city of Pittsburg and borough of Washington, as the board shall direct, and choose by a majority of votes seven directors, all of whom shall be the owners respectfully of at least five shares in the stock of said company: Provided, That no person shall be eligible to the office of director in said company who is not a citizen of one or the other of the two counties through which the said road passes.

SECTION 5. That the said directors and those hereafter to be chosen, in pursuance of the provisions of this act, at their first meeting shall choose by ballot one of their own number a president of said company, and the said president and directors shall conduct and manage the affairs

and business of said company for one year next ensuing their election, or until others are chosen, and make, ordain, and establish such bylaws, rules, orders, and regulations, and do and perform such other matters and things as are by this act authorized.

authorized to

SECTION 6. That the cities and boroughs hereinafter mentioned be, Certain cities and they are hereby authorized to subscribe to the capital stock of the and boroughs said company not exceeding respectively the number of shares herein- subscribe stock. after mentioned, namely: The city of Pittsburg five thousand shares; the respective boroughs of Birmingham, East Birmingham, and South Pittsburg, in the county of Allegheny, each five hundred shares; the borough of Washington, in the county of Washington, five hundred shares; and the borough of Cannonsburg, in the county of Washington, five hundred and fifty shares; and the said city and boroughs abovementioned shall have power to borrow money to pay therefor, and to Power to bormake provision for the payment of the principal and interest of the row money. money so borrowed, by the assessment and collection of such tax as may be necessary for that purpose, and also, as in other cases of loans to corporations, and no certificate of loan or bond shall be issued by said corporations for a less sum than one hundred dollars, and shall be transferable as shall be directed by said corporations respectively, and the certificates of loan or bonds to be issued by any of said corporations for the purpose aforesaid, bearing an interest of six per cent. per annum, payable half yearly, may be received by said Chartiers Valley railroad company in payment of instalments on shares subscribed by said corporations, on such terms as shall be agreed upon between said company and said corporations.

SECTION 7. That the subscription of stock aforesaid shall be directed Subscriptions of by resolution passed by the corporate constituted authorities of the said stock, how dicity and boroughs respectively, and said corporations may be represented rected. at elections and other meetings of said railroad company, by agents daly authorized by resolutions of the constituted authorities thereof.

scribe.

SECTION 8. That upon the recommendation of one grand jury, the Commissioners commissioners of the county of Allegheny, or a majority of them, be, of Allegheny and they are hereby authorized to subscribe, not exceeding five thous-county to suband shares, in the capital stock of the said Chartiers Valley railroad company, in the name and in behalf of said county, and to borrow money to pay therefor, and to make provision for the payment of the principal and interest of the money so borrowed, as in other cases of loans to corporations.

SECTION 9. That upon the recommendation of one grand jury, the Commissioners commissioners of the county of Washington, or a majority of them, be, of Washington and they are hereby authorized to subscribe, not exceeding two thous- county to suband shares, in the capital stock of said company, in the name and in be- scribe. half of said county, and to borrow money to pay therefor, and to make provision for the payment of the principal and interest of the money so borrowed, as in other cases of loans to corporations.

SECTION 10. That the commissioners of said counties respectively, Issue of certifir a majority of them, may issue certificates of loan or bonds in the cates. name of said counties respectively, redeemable in not less than ten nor more than twenty-five years, bearing an interest of six per cent. payable semi-annually, which shall be transferable as may be directed by aid commissioners or a majority of them respectively, and the said certificates of loan or bonds shall be received as cash by the said railroad company, in payment of instalments on shares of stock subscribed for said counties; and the said company shall, also, pay or provide for the payment of the interest accruing upon said certificates of loan or bonds,

Provise.

Guarantee.

Payment of interest.

Proviso.

Damages.

Proviso.

Connection with certain other roads authorized.

Subject to pro

visions of certain act.

Commencement and completion of road.

until the said railroad shall be completed; and the said counties may be represented at elections and other meetings of said company, by agents duly authorized and appointed by resolutions of the boards of commissioners of said counties respectively: Provided, That no certificate of loan or bonds shall be issued by the commissioners of said counties for a less sum than one hundred dollars.

SECTION 11. That the Chartiers Valley railroad company is hereby authorized to guarantee the payment of the principal or interest of any of the certificates of loan or bonds to be issued under this act.

SECTION 12. That the directors of the said Chartiers Valley railroad company are hereby authorized to pay to the shareholders entitled to receive the same, semi-annually, interest at the rate of six per cent. per annum on all instalments paid by them, which interest shall be charged to the cost of construction, and continue to pay the same until the said road shall be completed; and that until the period for which a dividend shall be declared all the profits and earnings of the said road shall be credited to the cost of construction: Provided, That no stockholder who shall neglect to pay up the instalments as called for, shall be enti tled to receive interest on the same: Provided further, That the stock of the said company shall not be subject to any tax in consequence of the payment of the interest here authorized.

SECTION 13. That in all cases where the Chartiers Valley railroad company and the owners of land and materials cannot agree upon the amount of damages claimed either for land or materials, the company may tender a bond with sufficient security, to the party claiming damages, the condition of which shall be, that the company will pay or cause to be paid such amount of damages as the party shall be entitled to receive after the same shall have been agreed upon by the parties or assessed according to law: Provided, That in case the party or parties claiming damages refuse to accept the bonds as tendered by company, the company may in every such case present their bonds to the court of common pleas of the proper county, and if the court approve of the security they shall direct said bonds to be filed for the benefit of those to whom they may be given, and said bonds shall be answerable as all other debts for the amount of the damages assessed or agreed upon if the same be not paid in a reasonable time after such assessment or agreement.

the

SECTION 14. That the president and directors of the Chartiers Valley railroad company are hereby authorized and empowered to connect their railroad at some suitable point on the Pittsburg and Steubenville railroad, and also to connect with the Hempfield railroad at some point at or near the borough of Washington, in the county of Washington, on such terms, and for such time and under such restric tions, as may be agreed upon by the officers and directors of said companies.

SECTION 15. That the Chartiers Valley railroad company shall be entitled to all the privileges and subject to all the restrictions imposed by the general act entitled "An Act regulating railroads," approved the ninth day of February, in the year of our Lord, one thousand eight hundred and forty nine, except so far as is otherwise provided in this act.

SECTION 16. That if the said company shall not commence the construction of said road within three years and complete the same within

seven years thereafter this act shall be null and void, except so far as the same may be necessary to settle up the affairs and pay the debts of the said company.

W. P. SCHELL,

Speaker of the House of Representatives.

THO. CARSON, Speaker of the Senate.

APPROVED-The seventh day of February, A. D., one thousand eight hundred and fifty-three.

WM. BIGLER.

No. 47.

AN ACT

To regulate the salary of the health officer of the port of Philadelphia.

SECTION 1. Be it enacted by the Senate and House of Represenatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That from and after the passage of this act, the salary of the health officer of the port of Philadelphia, shall be twelve hundred dollars per annum to be paid by the board of health in even and equal quarterly payments, and all acts inconsistent herewith are hereby repealed and made Toid.

W. P. SCHELL,

Speaker of the House of Representatives.

THO. CARSON,
Speaker of the Senate.

APPROVED The eighth day of February, A. D., one thousand eight hundred and fifty-three.

WM. BIGLER.

Corporators.

Style.

Privileges.

Proviso.

Directors of corporation.

Capital stock.

Dividends.

No. 48.

AN ACT

To incorporate the Philadelphia steam propeller company.

SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembl met, and it is hereby enacted by the authority of the same, Tha Richard F. Loper, Wm M. Baird, Wm. H. Loper, Wm. G. Alexander Samuel Thompson, and their successors, be, and they are hereby incor porated into a body corporate and politic by the name, style and titl of "The Philadelphia steam propeller company," and by the said name style, and title the company shall have perpetual succession and b able and capable in law to sue and be sued, plead and be impleaded to have a common seal, and to receive, possess, employ and dispose o ships and vessels with their appurtenances, and the steam engines and other necessary machinery necessary and proper for the propulsion and navigation thereof by the use of steam, and to hold and use all neces sary easements for loading and unloading, receiving and delivering merchandize, transported or to be transported in said ships and vessels so to be customarily navigated by them, and further to have all such other rights and powers as are or may be properly incident to a corporation, having for its object the transportation of goods, wares, mer chandize and the conveyance of passengers and mails, by the means of steam navigation to and from the city of Philadelphia: Provided, That nothing herein contained shall be construed to confer on the said corporation any banking or mining privileges, or the right to hold real estate excepting such as may be deemed necessary to accommodate the company's vessels, or such as may be conveyed to said corporation as security for or in payment of debt.

SECTION 2. That the five persons named in the first section of this bill shall be directors of the corporation until their successors are chosen by the stockholders, with power to choose from amongst their number a president; an election for five directors shall be held on the second Tuesday in February, one thousand eight hundred and fifty-four, and annually thereafter, of which election public notice shall be given of the time and place, but no failure to elect directors at the time named shall work as a non-user, but those in office shall continue therein until others are duly chosen.

SECTION 3. That the capital stock of said company shall be divided into shares of one hundred dollars each, and shall consist of two thous and shares with the privilege of increasing the same to three thousand, and the persons holding said stock shall be entitled to one vote for each share of stock held by them, and may vote either in person or by proxy; the shares of the stock aforesaid may be transferred by the owner or owners thereof, their executors or administrators, or attorney duly and lawfully authorized, in a book to be provided for that purpose, and in such manner as the directors shall direct.

SECTION 4. That dividends of the profits of said Philadelphia steam propeller company, as shall appear advisable to the directors, shall be declared and paid to the stockholders at least once in each they shall in no case exceed the amount of the nett profits actually

year,

but

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