respective duties assigned them as in their judgment may be gers. SECTION 5. That the president and managers of said associa- Powers of presition shall have full power to manage the affairs of said associa- dent and manation generally, to fix the times and places for the payment of instalments by the stockholders, to purchase real estate in Line Lexington, or its vicinity, in Montgomery county, and erect thereon suitable buildings for a seminary, the first floor of which shall be used for a school room, the second floor to be used for religious services, debates, lectures and exhibitions, on all moral and scientific subjects, all immoral exhibitions to be strictly prohibited; the said property to be held by the stockholders of said association, and to be enjoyed by them according to the amount of their respective shares of stock; the profits of the same, from rents and receipts of whatsoever kind or nature, to be annually accounted for; and dividends of so much of the Dividends. profits of the association as shall appear advisable by the board of managers, shall be declared and paid to the stockholders in proportion to the shares by them held, on demand, at any time after the expiration of thirty days from the time such dividend is declared. SECTION 6. That it shall be the duty of the secretary to keep Duties of secreaccurate minutes of the proceedings of the board of managers tary. and of the meetings of the stockholders, attest all orders issued by the said board, and exhibit, at each meeting of the board of managers, a correct statement of the financial condition of the association, and shall do and perform such other duties as may be required of him by the board of managers. SECTION 7. That it shall be the duty of the treasurer to re- Treasurer. ceive all moneys due the association, pay all orders drawn by the board of managers, signed by the president and attested by the secretary, and not otherwise; he shall keep correct accounts of all moneys received and paid by him, and at every meeting of the board of managers he shall exhibit a balance sheet; he shall have his books present at every meeting of the stockholders, which shall, at all times, be open to the inspection of any member of the association. SECTION 8. That special meetings may be called at any time Special meetings by the board of managers, or at the request of twenty members, by giving at least ten days notice of such special meeting, in the manner that may be directed in the by-laws; but in any such call for a special meeting, the business intended to be laid before said meeting shall be stated in the call, and such business only shall be transacted at such meeting. SECTION 9. That the members of the association, at their By-laws. stated or special meetings, shall have full power to make, ordain and put in force, all such by-laws, rules, regulations and ordinances as shall be necessary for the well government of this association, not inconsistent with the constitution and laws of the United States or of this commonwealth, nor with these articles of association. Exempt from SECTION 10. That this act shall not be subject to the payment payment of en- of an enrolment tax to the commonwealth. rolment tax. JOHN J. PATTERSON, Speaker of the House of Representatives pro tem. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The first day of May, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. to connections tion of branch roads authorized No. 586. SUPPLEMENT To an act incorporating the Reading and Columbia 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 Additional privi- the Reading and Columbia railroad company, authorized to make leges granted as and construct a railroad as per charter granted to them under the and the construc- act of incorporation, approved the nineteenth day of May, Anno Domini one thousand eight hundred and fifty-seven, and supplement thereto, approved the fifteenth day of April, Anno Domini one thousand eight hundred and fifty-eight, which said railroad is now under contract for construction, be authorized and have the right to connect said railroad with the Lebanon Valley railroad, at any point between Sinking Springs and the city of Reading, instead of starting said railroad at the city of Reading, as in said act of incorporation provided; and further, that said company, after the completion of said railroad, from the city of Reading, or from a point on the Lebanon Valley railroad, between Sinking Springs and the city of Reading, to Columbia, have the right and authority to make and construct branch railroads, to connect with the Philadelphia and Columbia railroad, at or near the city of Lancaster, and to connect with the Cornwall railroad, in Lebanon county, at or near the Cornwall ore banks. Damages. SECTION 2. That in all cases where the said company and the owners of land and materials cannot agree upon the amount of damages claimed, either for land or materials, the said 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 on by the parties, or assessed according to law: Provided, That in case the party or parties claiming damages, refuse to Proviso. either end of SECTION 3. That the said company are hereby authorized to May connect connect their road with any railroad which is now or may be with roads at hereafter constructed at either end of said route; and it may route. be lawful for said company to construct branch or lateral rail- Lateral roads. roads within the counties of Berks and Lancaster: Provided, That such branch or lateral railroad shall not in any case exceed six miles in length. &c. SECTION 4. That in all cases in which the owners of lands Guardians may and materials are minors, it shall and may be lawful for the adjust damages, guardians of such owners and the said company, amicably to adjust the amount of damages to be paid; if they can agree, and on payment of the amount it shall be lawful for such guardians to release said company from all claims therefor, and to execute all necessary papers in the premises; in case the said parties cannot agree, the said company may proceed as is provided in the fourth section of this act. SECTION 5. That whenever four miles or more of said road, When company in any section or sections, shall be completed, the said company tered privileges. to enjoy charmay use and enjoy the same as fully and with the same powers and privileges as if the whole route was completed. JOHN J. PATTERSON, Speaker of the House of Representatives pro tem. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The first day of May, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 587. AN ACT To authorize the Controllers of the First School District of Pennsylvania to sell certain Real Estate. 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 Description of property. Sale authorized. the controllers of the public schools of the First school district of the state of Pennsylvania, are hereby authorized to sell at either public or private sale, for a sum not less than fifteen thou sand dollars, the lot of ground upon which the Munroe school, with its appurtenances, stands, situate on the south side of Buttonwood street and east of Eleventh street, in the Fourteenth ward, in the city of Philadelphia, containing in front on said Buttonwood street, eighty (80) feet, and extending in length of depth to Pleasant or street, at right angles with Buttonwood street, one hundred and fifty-nine feet eleven inches and five-eighths of an inch; and the said controllers of said first district are hereby directed, with the proceeds of said sale, to School house to build within said Fourteenth ward, in the same manner and for like purposes as is now used and employed in said Munroe be built with proceeds. Proceeds not to merge in sinking fund of Philadel. phia. school house. SECTION 2. That the proceeds of sale of said lot of ground now occupied by the said Munroe school house, shall be appropriated as herein before directed, and the same shall not merge or become invested in the sinking fund of the said city of Philadelphia, as is now by law directed upon the sale of any of the real estate of said city, as proposed by the act of the second of February, Anno Domini one thousand eight hundred and fiftyfour, entitled "An Act to consolidate the city of Philadelphia,' and the several supplements thereto. JOHN J. PATTERSON, Speaker of the House of Representatives pro tem. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The first day of May, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 588. A FURTHER SUPPLEMENT To an act to incorporate the Lycoming County Mutual Insurance Company, passed March twenty, Anno Domini one thousand eight hundred and forty. 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 it shall be lawful for the Lycoming County mutual insurance company to make insurances on property of every class or description already included in their act of incorporation, according to their discretion, for which cash premiums only shall be received, and for any term which may be agreed upon; the sums thus received, to be paid into the common treasury of the company; in consideration thereof, said company to be responsible for all losses accruing to property thus insured, according to the terms of their policies; insurances thus effected shall not entitle the insured to membership in said company, nor subject them to the payment of assessments. SECTION 2. That it shall be lawful, in addition to the mode indicated under the fifth section of the act to which this is a supplement, for said company to employ and improve all moneys received by them, and the profits thereof, in the purchase of any ground rents or mortgages, or in any loans on good and sufficient security or bank stocks, stocks of the United States or of this commonwealth; and no money shall be drawn from the funds of the said company for the purpose of making dividends or dividing profits, nor for any other purpose than to defray the current or incidental expenses of the corporation, and such loss or damage as any member of said company, or insurer, may be justly entitled to. JOHN J. PATTERSON, Speaker of the House of Representatives pro tem. ROBT. M. PALMER, Speaker of the Senate. APPROVED-The first day of May, Anno Domini one thousand eight hundred and sixty-one. A. G. CURTIN. No. 589. AN ACT To incorporate the Shawmut and Ridgway 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 Henry Souther, Samuel M. Lawrence, Henry C. Carey, John Commissioners. Tucker, William S. Eaton, Joseph A. Veazie, Charles E. Bowers, William Reed, John S. Tyler, William R. Payne, Elisha A. Packer, Samuel L. French and Ezra Forristoll, or any five of them, be and they are hereby appointed commissioners to open books, receive subscriptions and organize a company, by the name, style and title of the Shawmut and Ridgway railroad Style. company, with power to construct a railroad from a point on and connecting with the Sunbury and Erie railroad, at or near Route. the town of Ridgway, in the county of Elk, and thence by Mead's run, or by such route as the directors of the said the Shawmut and Ridgway railroad company may deem most ex |