Report to Auditor Transfers. Dividends. Act to take effect. Subscriptions. Bonus to State. Transfer office. Borrow money. Subject to. and the capital of the company may be employed in acquiring said lands, in mining iron ore, making and manufacturing iron, mining coal and limestone, and transporting and vending the same, and for such other objects as are necessary and proper in the prosecution of said business." SECTION 5. That an annual report shall be made to the auditor general of this commonwealth, in the month of January, verified by the oath or affirmation of the president, secretary or treasurer of said company, showing the amount of capital stock paid in, the quantity of coal and ore lands, timber lands, limestone lands, and iron ore lands held, and where situate, the quantity of coal mined and of iron manufactured and sold for the current previous year, and shall also state the names of all stockholders at the date of such report. SECTION 6. That the stock may be transferred agreeably to the by-laws which may be adopted by the corporation. SECTION 7. That dividends may be declared and paid semiannually, or annually, as the directors may order, but such dividends shall in no case exceed the amount of actual profits acquired by the corporation; and if the directors shall make a dividend of more than the actual net profits, the directors consenting thereto shall severally be liable to the corporation in their individual capacity, for the excess so divided and paid. SECTION 8. That this act shall not take effect until three thousand shares shall be subscribed and paid in, of which a statement containing the names of the subscribers, and the amount subscribed by each, verified by the oath or affirmation of one of the subscribers, shall be given to the governor, to be filed in the office of the secretary of the commonwealth; whereupon the governor shall issue letters patent to the corporators. SECTION 9. That subscriptions of stock may be paid in real estate appropriate to the business contemplated by this act, at a bona fide cash valuation, to be fixed and agreed upon by a majority in interest of the subscribers and stockholders: Provided, That the whole amount of real estate held by said company shall at no time exceed that mentioned in the fourth section of this act. SECTION 10. That said corporation shall pay to the state treasurer, for the use of the commonwealth, one-half of one per centum upon their capital stock, in four equal annual instalments after issuing of letters patent, and at the like rate, and in like manner, upon any increase thereof from the time of such increase. SECTION 11. That all transfers of stock in said company shall be entered on the stock books thereof; and the said company shall keep an office, for the transaction of business, in the county of Luzerne; and at such office shall keep the stock books aforesaid, open at all times to the inspection of any officer, stockholder or creditor of said company. SECTION 12. That said corporation may borrow money and issue their bonds therefor, with or without any accompanying mortgage, at a rate of interest not to exceed seven per centum per annum; not to exceed in the aggregate, at any one time, the sum of five hundred thousand dollars. SECTION 13. That the stockholders and corporation shall be subject to all the provisions and liabilities contained in the eleventh, twelfth, thirteenth and fourteenth sections of an act, entitled "An Act to incorporate the Lackawanna iron and coal company," approved the fifth day of April, one thousand eight hundred and fifty-three: Provided, That no stockholder shall be individually liable in person or estate, for any loan or loans made to the said company. SECTION 14. That this charter shall continue in force for Limitation. twenty years from the date of the letters patent and no longer, unless extended by an act of the legislature, except for the purpose of winding up its affars; and the legislature reserves the right to amend, alter or repeal the same at any time, in such manner, however, as shall do no injustice to the corporators. RICHARDSON L. WRIGHT, Speaker of the House of Representatives. WM. M. PIATT, Speaker of the Senate. APPROVED-The twenty-first day of March, Anno Domini one thousand eight hundred and fifty-six. JAMES POLLOCK. No. 206. AN ACT For the relief of Mrs Eliza Fleck, widow of John Fleck. 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 the sum of five hundred dollars be and the same is hereby appropriated to Eliza Fleck, widow of John Fleck, a fireman on the Columbia railroad, who was killed on the thirteenth day of September, one thousand eight hundred and fifty-four, while in the discharge of his duty on the engine Columbia, near the Eagle station: Provided, That the above sum of five hundred dollars be paid to her the said Eliza Fleck in person. RICHARDSON L. WRIGHT, Speaker of the House of Representatives. APPROVED-The twenty-seventh day of March, Anno Domini one thousand eight hundred and fifty-six. JAMES POLLOCK. 1 No. 207. A SUPPLEMENT To an act to incorporate the President, Managers and Company of the Foxchase and Huntingdon Turnpike Road Company, approved the twentyeighth day of March, Anno Domini one thousand eight hundred and forty-six. 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 the president, managers and company of the Foxchase and Huntingdon turnpike road company, shall have the privilege of constructing a branch turnpike road from the present road near Casper Fetter's store to Davisville, on the bed of a public road called the Street road, in Southampton township, Bucks county, with all the rights, privileges and immunities, with the right to take toll when completed and inspected, and subject to the same restrictions granted and mentioned in the said act of incorporation. RICHARDSON L. WRIGHT, Speaker of the House of Representatives. WM. M. PIATT, Speaker of the Senate. APPROVED-The twenty-seventh day of March, Anno Domini one thousand eight hundred and fifty-six. JAMES POLLOCK. No. 208. AN ACT Authorizing the president, managers and company of the West Kisha coquillas Valley Turnpike Road Company, to borrow money. 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 the president, managers and company of the West Kishacoquillis Valley turnpike road be and they are hereby authorized and empowered to borrow any sum or sums of money not exceeding five thousand dollars, at such rates of interest not exceeding seven per centum, and on such terms as may be determined by the president and managers of said road company, for the purpose of completing the said road between its eastern terminus on the Kishacoquillas and Bellefonte turnpike and the village of Belleville; and it shall be lawful for the said com pany to secure the money so borrowed by bond or bonds of the said company, signed by the president and treasurer thereof, and mortgage on its property or otherwise, as the president and managers may deem proper: Provided, That no bond shall be issued for a less sum than one hundred dollars: Provided also, That the board of managers shall have the right to purchase their bonds any time that they may deem proper. RICHARDSON L. WRIGHT, Speaker of the House of Representatives. APPROVED-The twenty-ninth day of March, Anno Domini one thousand eight hundred and fifty-six. JAMES POLLOCK. No. 209. A SUPPLEMENT To an act, entitled "An Act to provide for the election of Prothonotaries, Clerks, Recorders and Registers," approved the second day of July, one thousand eight hundred and thirty-nine. SECTION 1. Be it enacted by the Senate and House of Represenlatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That hereafter the qualified electors of the county of Schuylkill, at their next general election which entitles them by existing laws to elect prothonotary, clerk of quarter sessions, clerk of oyer and terminer, register, recorder and clerk of the orphans' court, and at every election triennially thereafter, shall elect one person to fill the office of prothonotary, one person to fill the offices of clerk of the courts of quarter sessions and oyer and termi ner, one person to fill the offices of clerk of the orphans' court and register of wills, and one person to fill the office of recorder of deeds. RICHARDSON L. WRIGHT, Speaker of the House of Representatives. APPROVED-The twenty-ninth day of March, Anno Domini one thousand eight hundred and fifty-six JAMES POLLOCK. No. 210. AN ACT Relative to the taxation of moneys at interest in the borough of Doylestown, Bucks county. 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 the second section of the act of assembly of this commonwealth, passed March nineteenth, one thousand eight hundred and fifty-one, entitled "An Act authorizing Watson Comly, Josiah Walton and Charles Wormsley, to sell and convey certain real estate, and relative to the taxation of moneys at interest in the borough of Doylstown, and township of Richland, Bucks county," be and the same is hereby repealed, so far as the same relates to the borough of Doylestown. RICHARDSON L. WRIGHT, Speaker of the House of Representatives. WM. M. PIATT, Speaker of the Senate. APPROVED-The twenty-ninth day of March, Anno Domini one thousand eight hundred and fifty-six. JAMES POLLOCK, No. 211. AN ACT To prevent the Hunting of Deer with Dogs in the county of Centre. 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 the provisions of the first section of an act to prevent the hunting of deer with dogs in the counties of Tioga, Schuylkill, et cetera, approved the ninth day of April, one thousand eight hundred and fifty-two, be and the same are hereby extended to the county of Centre. RICHARDSON L. WRIGHT, Speaker of the House of Representatives. WM. M. PIATT, Speaker of the Senate. APPROVED-The twenty-ninth day of March, Anno Domini one thousand eight hundred and fifty-six. JAMES POLLOCK. |