Page images
PDF
EPUB

SEC. 5. That said company be, and it is hereby required to keep said bridge and its abutments in good repair, and to keep in attendance at the toll gate of the same a sufficient number of persons or keepers to admit persons and property across said bridge at any time, by day or night.

SEC. 6. That said company shall have and exercise full control over said Leon river for a distance of three miles above and below said bridge, and no ferry or bridge shall be established on said river within three miles of said bridge; provided, said company shall keep said bridge in good repair, so that it will at all times be safe for the passage of persons and property.

SEC. 7. That if any person shall willfully fail or refuse to pay toll after crossing said bridge, he shall be liable to forfeit and pay to the said company the sum of five dollars and costs of suit, recoverable before any justice of the peace as in other cases.

SEC. 8. That the rights and privileges herein granted shall inure to the said company, their successors and assigns, for fifteen years.

SEC. 9. That this act shall take effect and be iu force from and after its passage.

Passed April 26th, 1873.

[NOTE. The foregoing act was presented to the Governor of Texas for his approval on the thirtieth day of April, A. D. 1873, and was not signed by him, or returned to the house in which it originated, with his objections thereto, within the time prescribed by the Constitution, and thereupon became a law without his signature.JAMES P. NEWCOMB, Secretary of State.]

CHAPTER CIII.

An Act for the Relief of Wm. W. Wallace.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That the Comptroller of the State be, and he is hereby authorized and required to draw his warrant on the Treasurer of the State, in favor of Wm. W. Wallace, for the sum of five hundred and eighty-three

dollars, the same being due said Wallace as compensation for his services as special judge, appointed by the Governor to hold special terms of the District Court in Shelby county, and in which service he was engaged for a term of sixty days; and that the Treasurer of the State is hereby required to pay said sum out of any moneys in the treasury not otherwise appropriated.

SEC. 2. That this act take effect and be in force from and after its passage.

Approved April 28th, 1873.

CHAPTER CIV.

An Act to Incorporate the "Real Estate, Building and Savings Association" of Dallas.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That G. M. Swink, A. C. Ardrey, J. C. Woodside, D. McCaleb, W. H. Thomas, Thomas Field, P. M. Brown, J. W. Lane, J. W. Swindells, John H. Brown, John J. Eakins, Charles H. Jenkins, F. E. Hughes, A. A. Johnson, S. W. S. Duncan, Thos. Walker, W. R. Ault, and their associates and successors, are hereby created and established a body corporate and politic, under the name and style of the "Real Estate, Building and Savings Association," of Dallas, Texas, with capacity in said corporate name to make contracts; to hold, buy and sell property, both real and personal; to contract and execute leases; to take grants and gifts; to execute deeds and mortgages and deeds of trust; to have succession and a common seal; to make by-laws for the government and regulation of its affairs; to sue and be sued, to plead and be impleaded; to declare dividends and to make division of property; to loan its moneys to any person or persons, on any security it may think proper; to receive deposits, buy and sell bills of exchange, drafts or other obligations, bonds and other securities, and do and perform all such things, consistent with the laws of this State, as may be necessary and proper for, and incident to the fulfillment of its obligations and the maintenance of its rights under this act; provided, that nothing in this act shall be so construed as to authorize this cor

poration to use its moneys in any manner which it may not be lawful for any citizen of the State to do.

SEC. 2. That the officers and managers of the association shall consist of seven (7) directors, to be elected by the shareholders; one president and one vice president, to be chosen by the board of directors; also, a secretary and a treasurer, to be selected by the directors from the stockholders; such officers shall receive such compensaas the by-laws may provide, and their term of office shall be for one year, subject to removal in such manner as the by-laws may prescribe.

SEC. 3. That the capital stock of said company shall be fifty thousand dollars ($50,000), with the power and privilege of increasing the same to three hundred thousand dollars ($300,000).

SEC. 4. That the capital stock of fifty thousand dollars ($50,000) shall be divided into shares of fifty dollars ($50) each, payable in monthly installments of five dollars ($5) per month, and no shareholder shall be required to make payment of installments of his stock other than as herein required.

SEC. 5. That should any shareholder of this corporation fail or neglect, or refuse to pay or cause to be paid, in regular monthly installment, his stock shall be forfeited to the association; provided, that by and with the consent of the directors, for good cause shown, such delinquent may be allowed thirty days to redeem such stock thus forfeited.

SEC. 6. That in case any share of stock should become forfeited in accordance with the foregoing provisions, the board of directors shall dispose of the same as the bylaws may direct.

SEC. 7. That whenever fifty (50) shares shall have been subscribed, and one month installment paid in, this association shall be deemed organized, and competent to transact business under this charter, and be entitled to all the grants and privileges hereunder.

SEC. S. That service of any and all legal proceedings, in any suit or proceedings against said corporation, shall be sufficient if made upon the president or secretary of the board of directors.

SEC. 9. That no stockholder shall own more than twenty shares at any one time, and each share shall entitle the owner to one vote.

SEC. 10. That this charter shall remain in full force and effect for fifty years from and after its passage. Approved April 28th, 1873.

CHAPTER CV.

An Act to incorporate the Falls County Real Estate and Savings Association.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That W. W. Lang, H. G. Carter, W. L. Patillo, L. W. Goodrich, J. W. Perkins, B. C. Clark, A. E. Watson, S. S. Ward, J. W. Bringhurst, W. M. Brown, W. A. J. Nicholson, A. M. Attaway, Geo. A. King, Geo. Frank, and their associates and successors, are hereby created and established a body corporate and politic, under the name and style of Falls County Real Estate and Savings Association; with capacity, in said corporate name, to make contracts; to hold, buy and sell property, both real and personal; to contract and execute leases; to take grants and gifts; to execute deeds and mortgages; to have succession and a common seal; to make by-laws for the government and regulation of its affairs; to sue and be sued; to plead and be impleaded; to declare dividends and make divisions of property; to loan its money's to any person or persons it may deem proper; to receive deposits, buy and sell bills of exchange, notes, bonds, current and uncurrent moneys; and to do and perform such other acts as may be consistent with the laws of this State.

SEC. 2. That the officers and managers of this associa tion shall consist of seven (7) directors, to be elected by the shareholders; one president, one vice-president, to be chosen by the board of directors; one secretary, one treasurer, to be selected by the directors from the shareholders; such officers to receive such compensation as the by-laws may provide; and the term of office shall be one year, subject to removal in such manner as the bylaws may prescribe.

SEC. 3. That the capital stock of this association shall be fifty thousand ($50,000) dollars, with privilege of increasing same to one hundred thousand ($100,000) dollars.

That the capital stock shall be divided into (200) two hundred shares, to be paid in monthly installments of ($5) five dollars each, and no shareholder shall be required to make payments other than as stated in this act.

SEC. 4. That should any shareholder fail, neglect or refuse to pay his or her regular monthly installments, the same shall be forfeited to the association; provided, that by and with the consent of the directors, for good cause shown, the delinquent may be allowed thirty (30) days to redeem such stock thus forfeited.

SEC. 5. That in case such stock shall become forfeited, the board of directors shall dispose of it in such manner as the by-laws may provide. That when two hundred (200) shares shall have been subscribed, and three months installment paid in, this association will be deemed organized (and proceed to business).

SEC. 6. That service of legal proceedings shall be sufficient when served on the president or secretary of the board of directors.

SEC. 7. That this charter take effect from and after its passage, and remain in force for the space of twenty-five years.

Approved April 28th, 1873.

CHAPTER CVI.

An Act to authorize the County Court of Lamar County to contract for the building of a Court House and Jail in said County, and to issue and sell the bonds of the County for that purpose.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That the County Court of Lamar county be and it is hereby authorized and empowered, at a regular term thereof, to contract for the building of a court house and jail for said county; provided, that said court house shall not exceed in cost the sum of fifty thousand dollars, and said jail shall not exceed in cost the sum of twenty-five thousand dollars; and each shall be completed within twelve months from the date of the contract for its construction.

SEC. 2. That said court house may be erected upon the public square in the city of Paris, or upon any suita

« PreviousContinue »