Слике страница
PDF
ePub

in Pennsylvania.

CONCERNING RAILROADS.

be chartered Coatesville, or Avondale, in that State, (or any other railroad company in that State), should wish to unite with the railroad contemplated by this act, and it shall be desired by the president and directors of the two companies respectively to unite the capital stock of the said companies, then and in such case the president and directors and company of the Newark and Avondale RailWhen united road are hereby authorized and empowered to form such union to form one of the capital stock of the said companies so that it shall constitute one company, and be entitled to all the rights, privileges and immunities conferred by their charters respectively.

company.

Fencing.

tracts con

same.

may increase

SECTION 18. And be it further enacted, That the said company shall erect and maintain, along the whole line of said railroad, on both sides thereof, in this State, before the said railroad shall into operation, a good and legal fence whenever the same may be Special con- necessary: Provided, That the said company shall have the right cerning the to make special contracts for erecting and maintaining fences with any persons through whose lands said railroad shall pass. Company SECTION 19. And be it further enacted, That the said company capital stock shall have power to increase its capital stock by additional subscriptions thereto to an amount sufficient to effectuate the objects of this act and construct the railroad contemplated by it, and May borrow from time to time to borrow money for the uses and purposes of exceeding the corporation, and to execute mortgages on all their estate, real and personal, and to issue bonds to secure the payment of the same: Provided, That the amount so borrowed shall not exceed in the aggregate the sum of two hundred thousand dollars. Passed at Dover, March 11, 1867.

money not

$200,000.

Branch road

CHAPTER 192.

NEW CASTLE AND FRENCHTOWN TURNPIKE AND RAILROAD.

SKC. 1. Branch road authorized.

Location

SEC. 2. Contract existing between the State and said company not to be impaired.

An Act in relation to "The New Castle and Frenchtown Turnpike and
Railroad Company.”

SECTION 1. Be it enacted by the Senate and House of Represenauthorized. tatives of the State of Delaware in General Assembly met, (twothirds of each branch of the Legislature concurring herein,) That the said company shall have power to construct and make a

NAVIGATION COMPANIES.

branch of its railroad, beginning at or near the junction of the Location. road of the Delaware Railroad Company with its road and extending from thence to the line dividing this State from the State of Maryland, so as to form a connection with any railroad to be built from Elkton, in the latter State, or thereabouts, to the said State line, and for that purpose the said "The New Castle and Frenchtown Turnpike and Railroad Company" shall have all powers in relation to condemnation of land or otherwise that are granted by the charter of said company in relation to making the road or roads by it authorized to be constructed or built. SECTION 2. And be it further enacted, That nothing herein contract excontained shall be held or taken to impair or in any wise affect the contract existing between this State and said company by State and the act entitled, "An Act to provide for the payment of certain pany not to sums of money to the State by the New Castle and Frenchtown Turnpike and Railroad Company, and for other purposes," passed at Dover, February 7, 1852 (10th vol. Del. Laws, page 652, &c.) SECTION 3. And be it further enacted, That the power to revoke this act is hereby reserved to the Legislature. Passed at Dover, March 21, 1867.

tween the

said com

be impaired.

[blocks in formation]

An Act to amend an act entitled, "An Act to incorporate a Company for

the purpose of cutting and making a Canal between the Chesapeake Bay 3 Vol. 170. and Bay or River Delaware, or the waters thereof," passed at Dover, 9 Vol. 26. January 29th, 1801, and also to amend a Supplement thereto, passed at Dover, June 15th, 1836.

SECTION 1. Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met, (twothirds of each branch concurring,) That so much of the first sec

Part of
Sec. 1 of

NAVIGATION COMPANIES.

tion of the said original act as makes or fixes the value of the original act shares of the capital stock of the Chesapeake and Delaware Canal Company at two hundred dollars, be and the same is hereby repealed.

repealed.

Four shares authorized

holders in

SECTION 2. And be it enacted, That the Chesapeake and Delato be issued Ware Canal Company shall have full power and authority to issue to the stock to the stockholders of said company four shares of the capital lieu of each stock of the said company at the par value of fifty dollars per share, in lieu of each share of said stock now held by the said stockholders upon the surrender of the certificate thereof.

share now

held.

Additional annual meeting.

SECTION 3. And be it enacted, That beside, and in addition to the general meeting of proprietors to be held on the first Monday of June, in every year, as provided for in the seventh section of said original act, there shall be a general meeting of the proprieWhen held. tors on the first Monday of December in every year, at the office of the said company, at which meeting an equal dividend of all The object of the net profits arising from tolls may be ordered and made to and

What num

among all the proprietors of the said company, if, upon examination of the accounts and general affairs of the said company, which it is hereby made the duty of the president and directors to present at said meetings, it shall be deemed right and expedient by the proprietors so to order and make such dividend.

SECTION 4. And be it enacted, That the presence of proprietors ber of shares having two thousand shares, at the least, shall be necessary to congeneral stitute all general meetings.

to constitute

meetings.

Sec. 11 of

passed June

SECTION 5. And be it enacted, That the eleventh section of the supplement aforesaid supplement, passed at Dover, June 15th, 1836, be and 15, 1836, re- the same is hereby repealed, and that the next following section, number six of this present act, be and the same is hereby substituted therefor.

pealed.

Holders of

SECTION 6. And be it enacted, That in all elections hereafter to certificates of be held for president and directors of the said Chesapeake and debt to vote. Delaware Canal Company, and at all meetings of stockholders

How many votes.

Proviso.

to be called upon the business of the company, the holders of any certificates of debt, provided for in said supplement, and of any to be created by virtue of future loans in said supplement provided for, shall be entitled to participate and to vote in person or by proxy, and in voting shall have the same rights and privileges as the stockholders, and in estimating the number of votes which any holder of a certificate shall be entitled to give, every fifty dollars of the amount held by such person shall be taken and estimated as equal to one share of the stock: Provided always, That no person shall be entitled to vote upon any certificate which such person shall not have held at least two months before the election, or the meeting of business at which his vote

DITCH COMPANIES.

may be offered, nor shall any vote by proxy be received unless such proxy shall have been created within ninety days next preceding that on which such vote shall be tendered.

of act.

SECTION 7. And be it enacted, That this act shall take effect Acceptance from its acceptance by the stockholders of the Chesapeake and Delaware Canal Company, at the next general meeting of stockholders of the company, which acceptance shall be certified to the Governor of this State under the corporate seal of the company.

[blocks in formation]

An Act to revive and amend the act entitled, "An Act to incorporate the 12 Vol. 285, Green Branch Ditch Company," passed at Dover, February 18, 1863, 414. as amended by the acts passed at Dover respectively, January 28, 1864, 78. and January 30, 1866.

Current Vol.

revived.

SECTION 1. Be it enacted by the Senate and House of Represen- Original acts tatives of the State of Delaware in General Assembly met, (twothirds of each branch of the Legislature concurring herein,) That the act entitled, "An act to incorporate the Green Branch Ditch Company," passed at Dover, February 18, 1863, as amended by the several acts passed at Dover respectively, January 28, 1864, and January 30, 1866, be and the same is hereby revived; and

SECTION 2. And be it further enacted by the authority aforesaid, Act amended That the names of John M. Voshell and Tilghman Foxwell, in-how. the first and second lines of Section 2 of said act, be stricken out, and the names of Ayers H. Stockley and Enoch Spruance be inserted in lieu thereof; and that the figure 6, in the second line of Section 5 of the said act, be stricken out, and the figure 8 be inserted in lieu thereof.

Passed at Dover, January 31, 1867.

All the com. panies for

lands on

DITCH COMPANIES.

CHAPTER 195.

POKOMOKE RIVER IMPROVEMENT COMPANY.

SEC. 1. All the companies for the reclamation SEC. 5. Effects of proceedings of freeholders.

[blocks in formation]

Expenses.
How paid.

[blocks in formation]

An Act to Incorporate the Pokomoke River Improvement Company.

SECTION 1. Be it enacted by the Senate and House of Representhe reclama- tatives of the State of Delaware in General Assembly met, (twotion of low thirds of each branch of the Legislature concurring herein,) That Pokomoke all the different improvement companies for the reclamation of the low lands lying upon the Pokomoke river, and the different streams or branches tributary thereto, be and the same hereby are consolidated and made one great improvement company, and the owners of the lands embraced within their respective limits and

River consolidated.

« ПретходнаНастави »