No. 506. AN ACT To lay out a State Road in the counties of Lebanon and Berks. 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 Jacob Shnotterly and Elias Grove, of Lebanon county, and Commissioners. Michael Shrack, of Berks county, be and they are hereby appointed commissioners to view and lay out a state road from a point in a public road leading from Myerstown to Jonestown, Route. Lebanon county, at a corner on lands of Adam Heilman and John Albert; thence the nearest and best route to a point in the public road leading from Frystown to Pinegrove, near Brindel's saw mill, in Bethel township, Berks county, on lands of John Swartz. SECTION 2. That it shall be the duty of said commissioners, Duty of commisas soon as practicable, having first been sworn or affirmed before sioners. a justice of the peace or other proper officer, to perform the duties enjoined upon them by this act, with impartiality and fidelity, which said oath or affirmation shall be filed in his office by the said justice of the peace or other proper officer, carefully to view the ground and lay out the said road, having respect to the ground and shortest distance, so as best to promote the public good and do the least injury to private property; and they shall clearly and distinctly mark upon the ground the route agreed upon, so as to enable the supervisors to readily find the same. other roads. SECTION 3. That said commissioners shall have authority, by Empowered to this act, to vacate any road or parts of a road hereby rendered vacate or use useless, and to lay out any part of said road on the bed of any road or part of a road heretofore constructed or laid out by authority of law, or established by prescription or otherwise howsoever; and they shall make a fair and accurate draft of the Drafts. location of said road, noting the courses and distances, with a reference to the improvements, one copy thereof shall be deposited in the office of the secretary of the commonwealth, on or before the first day of October next, and one copy in the office of the clerk of the court of quarter sessions of each of the said counties, on or before the said first day of October; and from thenceforth the road shall be to all intents and purposes a public highway, and shall be opened to the width of thirty-three feet, Opening of roads. and shall be made and repaired in all respects as roads laid out by order of court; and the damages sustained by the owners of Damages. land, if any, shall be assessed and paid as provided by the act of thirteenth day of June, Anno Domini one thousand eight hundred and thirty-six. SECTION 4. That the said commissioners, one of whom may Compensation. be an artist on said road, shall each be entitled to receive two dollars per day for each and every day they shall be necessarily Vacancies. Proviso. employed in performing the duties enjoined upon them by this act, and the artist shall be entitled to receive fifty cents per day additional compensation; and the said commissioners are hereby authorized to employ two chain carriers and one axeman, at a compensation not exceeding one dollar per day; and the accounts shall be registered by the commissioners and paid by the treasurers of said counties in the usual manner; and if any vacancy shall occur by resignation or otherwise, the remaining commissioner or commissioners shall have power to supply such vacancy or vacancies by appointment: Provided, That the expense which the said counties of Lebanon and Berks will be liable to pay by reason of the laying out and opening of the road aforesaid, shall be proportioned between them, according to the length of said road in each of said counties. E. PENN SMITH, Speaker of the House of Representatives pro tem. JOHN P. PENNEY, Speaker of the Senate pro tem. APPROVED-The first day of May, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. Commissioners. Route. Duties of commissioners. Pay. No. 507. AN ACT To lay out a State Road in Venango, Butler and Armstrong counties. 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 William H. Piper, of Armstrong, and Matthew Riddle and John Fithian, of Butler county, be and are hereby appointed commissioners to view, and lay out and mark a state road leading from Kittanning, Armstrong county, to Franklin, Venango county, via Fairview, Butler county, and Clintonville, Venango county. SECTION 2. That it shall be the duty of said commissioners, or a majority of them, after taking an oath or affirmation before a justice of the peace to perform the duties enjoined upon them by this act with fidelity and impartiality, to carefully view the ground on which said road may pass, and lay out and mark the same upon the ground, on the route agreed upon by them for the road aforesaid, in such manner as to enable the supervisors readily to find the same; and for the purpose of fulfilling the duties enjoined in this act, the said commissioners, or a majority of them, are hereby enjoined to employ two chain carriers at a per diem allowance not exceeding one dollar and fifty cents each, and one axeman at a per diem allowance not exceeding one dol- SECTION 3. That it shall be the duty of the commissioners to Drafts. make out two fair and accurate drafts of the location of said road, respectively noting the courses and distances as they occur, with such other matters as may serve for explanation, one copy to be deposited in the office of the clerk of the court of quarter sessions, in the respective counties through which the road may pass, on or before the first day of October next, and from thenceforth the said road shall be a public highway, Road to be and shall be opened to a width of thirty-three feet, and at a opened. grade not exceeding five degrees, and to be made and repaired as all other roads, laid out by the courts, are made and repaired. SECTION 4. That the commissioners shall proceed, as soon as Vacancies. practicable, to complete the location of said road; and if any vacancy occur in their number, by death or resignation, or otherwise, the same shall be supplied by the remaining commissioner or commissioners selecting suitable person or persons to constitute a board of at least three members. SECTION 5. That it shall be the duty of the supervisors of the Duty of superseveral townships through which the said road may pass, upon visors. notice given, to proceed to open and make said road under the same provisions as if the said road had been laid out by the respective courts of quarter sessions. ELISHA W. DAVIS, Speaker of the House of Representatives. JOHN P. PENNEY, Speaker of the Senate pro tem. APPROVED-The first day of May, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 508. AN ACT To Alter, Renew and Extend the Charter of the Tradesmen's Saving Fund and Loan Association of Philadelphia. WHEREAS, At a court of common pleas for the city and county Preamble. of Philadelphia, held the second day of March, in the year of our Lord one thousand eight hundred and fifty-two, the Tradesmen's saving fund and loan association of Philadelphia was duly incorporated by a decree of said court, agreeably to the constr tution and laws of this commonwealth : And whereas, The period of time for which the charter of said association was granted will soon expire, and the members thereof are desirous of having the same renewed and extended, with such additions and amendments to the present constitution as have been suggested by former experience; therefore, 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 charter of the Tradesmen's saving fund and loan association Charter renewed of Philadelphia be and the same is hereby renewed, extended and continued for the further term of twenty years, from and immediately after the expiration of its present period of time, and with like powers, authorities and immunities as a corpora tion or body politic in law and in fact, and by the same name, style and title as aforesaid; and that all matters and things, rights and privileges belonging or in any manner appertaining thereto, shall thereupon merge into the said renewed and extended charter, and be continued and conducted under the same, as fully, and to all intents and purposes, as if the said present charter had not expired. To be amended. Name. Object. Capital stock. Stock holders. Officers. tors. SECTION 2. That the said charter be and the same is hereby so altered and amended as together with the rights and privileges of the several acts of assembly in relation to building and loan associations, not inconsistent therewith, shall form the following constitution for the government of this association. SECTION 3. That this corporation shall be known by the name, style and title of the Tradesmen's saving fund and loan associa tion of Philadelphia, and shall have for its object the accumula tion of funds from monthly contributions and fines, premiums on loans, and interest on investments, for the mutual benefit of its members. SECTION 4. That the capital stock of this corporation shall consist of and not at any time exceed three thousand shares of the par value of not more than two hundred dollars each, and may be issued and re-issued from time to time in one or more series; the stockholders shall be white persons of the age of twenty-one years and upwards; but white minors may hold stock in the same by trustees and not otherwise; and no stockholder or trustee shall be entitled to hold more than fifty shares at any one time. SECTION 5. That the officers of this association shall be a president, treasurer, secretary and nine directors, all of whom must be stockholders, and together shall constitute a board of Board of direc directors for the transaction of the affairs of the association; a majority of whom shall at all times form a quorum; they shall be elected by the stockholders at their annual meeting, in such manner and subject to such duties as the by-laws may order and direct, and shall continue in office until their successors shall be duly appointed. Annual meetings SECTION 6. That stated annual meetings of the stockholders shall be held on the first Tuesday of February, in each and L every year, for the general transaction of the affairs of the corporation; at which time the board of directors shall submit a report of their proceedings for the previous year, and a statement of the condition of the association. SECTION 7. That stated monthly meetings of the board of Monthly meetdirectors shall be held on the first Tuesday of each and every ings. month, for the purpose of receiving the monthly dues, interest and fines, for loaning the funds of the corporation, and for such other business as may be prescribed by the by-laws; these meetings and the proceedings of the board shall be open for the admission and inspection of the stockholders. SECTION 8. That special meetings of the stockholders, at the Special meetings written request of ten members, or by order of the board of directors, shall be convened by the secretary, by public advertisements in one or more of the daily newspapers of the city of Philadelphia, stating the time, place and object of such meet. ing: Provided, That no by-laws shall be created, altered or Proviso. rescinded, without the concurrence of two-thirds of the members present; and no business shall be transacted, except that for which the meeting was called. SECTION 9. That all elections shall be by ballot, and each Votes. stockholder or trustee personally present at any election, or the proceedings of any stated or special meeting of the associa tion, shall be entitled to one vote, and no more; but any stockholder or trustee who shall be in arrears to the association for three months, shall not be entitled to such vote until all arrears are paid and satisfied. SECTION 10. That each stockholder or trustee, for each and Monthly contrievery share of stock held by him in this corporation, shall bution. pay into the treasury, at the stated monthly meetings of the board of directors, the monthly contribution or sum of not less than one dollar in each and every month, and shall be subject to the payment of such other sums, fines and penalties as may be imposed by the by-laws. SECTION 11. That the funds of the corporation shall be sub- Funds, how mitted and loaned to the highest bidder among the stockhold- loaned. ers, in such way and manner, and upon such terms and conditions, not otherwise herein provided, as shall be prescribed by the by-laws; each stockholder, for each and every share of stock held by him, shall be entitled to receive a loan of not more than two hundred dollars: Provided, That no stockholder Proviso. shall be entitled to more than the full par value of fifteen shares at any one and the same bid. SECTION 12. That the successful applicants for loans, at the Premium. time of receiving the amount loaned, shall pay any premium offered for the same into the treasury, for the mutual benefit of the members of the association, and shall secure the re-payment of said loan by satisfactory bond and mortgage upon real Securities. estate, or by bond and warrant of attorney, and the stock of the association, or such other securities as may be agreed upon; and in all cases the stock upon which any loan may be obtained shall be transferred to the association as collateral security. SECTION 13. That in case the funds of the association shall Funds may be not be called for by any stockholder, or shall not otherwise be loaned to others. required, and shall remain unproductive for one or more months, ers or invested. than stockhold |