such as may be deemed necessary to carry out the object of this Proceeds arising act. The proceeds arising from the sale of lots shall be held from sale of lots. and enjoyed for the use of said cemetery, in any way the lotholders may determine. be held. Purpose for SECTION 7. That no lots in said cemetery shall be used by the which lots are to holder thereof for any other purpose than the burial of the dead; and no holder shall be allowed to sell or transfer his or her lot to any person or persons, without the consent of the board of managers; and said lots shall be exempt from attachment, levy or sale, by virtue of any execution or other process. ELISHA W. DAVIS, Speaker of the House of Representatives. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The fifth day of February, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 40. AN ACT To revive certain acts of Assembly relative to the Diligent Fire Engine 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 second section of the act of assembly, approved the twenty-second day of April, A. D. one thousand eight hundred and fifty-six, entitled "An Act to repeal certain acts of assembly upon non-payment of the enrolment tax," shall not be held or taken to apply to the act to extend the charter of the Diligent engine company of Philadelphia, approved the fourteenth day of April, A. D. one thousand eight hundred and fifty-seven; but that said act of incorporation is hereby reenacted, and shall be and remain in full force and effect as originally enacted, anything in the above recited act to the contrary notwithstanding: Provided, That said company shall pay into the state treasury, within six months after the passage of this act, an enrolment tax of ten dollars. E. W. DAVIS, Speaker of the House of Representatives. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The fifth day of February, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 41. AN ACT To incorporate the American Sub-Marine and Salvage 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 Brutus De Villeroi, Charles Baker, T. N. Davis, and such other Corporators. persons as shall be associated with them, be and they are hereby created a body politic and corporate, by the name, style and title of the American sub-marine and salvage company, with a capi- Style. tal not exceeding two hundred and fifty thousand dollars, with Capital. power to increase the same to not exceeding one million of dollars, whenever a majority of the stockholders shall so determine; which capital shall be divided into shares of one hundred dollars each. SECTION 2. That the affairs of said company shall be managed Officers. by a board of five directors, one of whom shall be elected by the stockholders president. The first election shall be held Election. within one month after the passage of this act, of which election public notice shall be given at least one week in one newspaper in the city of Philadelphia; and subsequent elections shall be held at such times and place as the directors shall determine, of which elections the same notice shall be given. All elections shall be by ballot, and every share of stock shall entitle the holder thereof to one vote. SECTION 3. That this corporation shall have authority to hold Powers. and use a common seal, and to change, alter or amend the same at pleasure; and by the style and title aforesaid shall be capable to sue and be sued; and the directors thereof may make all needful rules, regulations and by-laws, and alter and amend the By-laws. same, and elect such officers and agents as may by them be deemed necessary: Provided, That no by-laws or regulations Proviso. shall in any way conflict with the laws and constitution of this commonwealth, or of the United States. SECTION 4. That the object of such corporation is, and the Objects. business shall be confined to, and capital thereof shall be employed in, the raising and removing of sunken, and the recovery of lost or wrecked vessels and marine craft of every description, and their contents, and for the purchase of vessels, machinery and whatever else may be necessary for the proper prosecution of the business of the company; and for that purpose, Privileges. and all other purposes pertaining to the business of this corporation, it may lease or sell rights, contract with any party or parties, government or governments, on such terms and condi tions as may be agreed on: Provided, That no contract shall be Limitation. made or entered into by said company with any governments or power with which the government of the United States is or may be at war. Stock. Dividends. SECTION 5. That the stock may be transferred agreeably to the by-laws which may be adopted by the directors. SECTION 6. That dividends may be declared and paid at such period as the directors may order; but such dividends shall in no case exceed the amount of actual profits acquired by the said corporation. If the directors shall make a dividend of more than the actual net profits, the directors consenting thereto shall Liability of di- severally be liable to the corporation, in their individual capacity, for the excess so divided and paid. rectors. Subscriptions. Transfers of stock Bonus. Tax. Expiration. Reservation. SECTION 7. That subscriptions to the stock may be paid in cash or personal estate; and if in personal estate, at a valuation to be agreed upon by a majority in interest of the stockholders. SECTION 8. 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 its business in the city of Philadelphia. SECTION 9. That the said corporation shall pay a bonus of one-half of one per centum on the capital stock of said company, and upon any increase thereof, payable in four equal annual instalments, the first payments to be made in one year from the date hereof, and shall pay such tax upon dividends as is or may be provided by law. SECTION 10. That this act of incorporation shall expire at the end of twenty years, unless renewed or extended by the legislature; and the legislature hereby reserves the right to alter, amend or annul this charter at any time; in such manner, however, as to do no injustice to the corporators. ELISHA W. DAVIS, Speaker of the House of Representatives. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The nineteenth day of February, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 42. AN ACT To change the place of holding Elections in Sadsbury township, Chester county. 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 hereafter all general, special and township elections in the township of Sadsbury, county of Chester, shall be held at the public house now occupied by Absalom Barben, in the village of Parkes burg, in said township. ELISHA W. DAVIS, Speaker of the House of Representatives. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The twentieth day of February, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 43. AN ACT To authorize the Trustees of the Second Baptist Church and Congregation, in the city of Philadelphia, to borrow money. 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 trustees of the Second Baptist church and congregation of the city of Philadelphia, be and they are hereby authorized to borrow money, not exceeding in amount the sum of six thou- May borrow mosand dollars, at a rate of interest not exceeding six per centum ney. per annum, and to secure the same by a mortgage or mortgages, to be executed by the president, and attested by the secretary of said board of trustees, and under the corporate seal of the same, upon a certain lot of ground, and church edifice thereon erected, situate in the city of Philadelphia. SECTION 2. That the mortgage given by the said trustees, on Mortgage. the property of the said church and congregation, to Lewis D. Beck, to secure to him the payment of twenty-five hundred dollars, as expressed in the said mortgage, dated twenty-sixth day of May, Anno Domini one thousand eight hundred and sixty, and recorded in the office for recording of deeds in Philadelphia, in mortgage book A D B, vo. fifty-seven, page four hundred and thirty-six, shall be valid and as binding upon said property as though the said trustees had been specially authorized to execute the same by act of assembly. ELISHA W. DAVIS, Speaker of the House of Representatives. ROBT. M. PALMER, APPROVED-The nineteenth day of February, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 44. AN ACT To authorize the Trustees of the Society of Friends, in Richland township, Bucks county, to sell certain Real Estate. WHEREAS, The religious Society of Friends at Richland, now included in the limits of the borough of Quakertown, in the county of Bucks, are desirous of selling a part of the real estate held in trust for their use, and re-building their meeting-house at that place, and the trustees who hold the title for the same have no authority to sell and release the estate from the operations of the said trust; therefore, 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 Aaron Penrose, Stephen Foulke, William Shaw and John Ball, trustees of the real estate of the religious Society of Friends aforesaid, and the survivors and survivor of them, be and they are hereby authorized and empowered to grant, bargain and sell a certain portion of the real estate aforesaid, situate on the west side of Main street, in the borough of Quakertown, containing in front or breadth on said Main street sixteen perches, measur ing southwardly from the corner of late Aaron Ball's land, and extending westward of that width, between parallel lines, the distance of forty perches, more or less, to the line of Samuel Carey's land; bounded northward by land late of said Aaron Ball, John Ball and Samuel Carey, southward by other land of said religious society, held in trust as aforesaid, westward by lands of said Samuel Carey, and eastward by the middle of said Main street aforesaid, and containing within said limits four acres, more or less; and to convey the same, in lots or otherwise, upon such terms and conditions as they may think proper, to the purchaser or purchasers thereof, in fee simple, released and forever discharged of all and every the trusts, estates, limitations and conditions expressed or contained in any declaration of trust, or other legal conveyance or assurance relating thereto, so that the said purchaser or purchasers thereof shall take the premises, so conveyed to them, without any liability on their part to see to the application of the purchase money; and such conveyance shall vest an indefeasible title to the premises so conveyed to the purchaser or purchasers thereof; and the said trustees shall apply the proceeds arising from the sale of the same, as the monthly meeting of the religious Society of Friends aforesaid shall authorize and direct. APPROVED-The nineteenth day of February, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. |