department of said city, and in equipping and running the fire-engines thereof. SECTION 5. This act shall take effect from and after its passage and publication. Approved April 11, 1867. CHAPTER 609. AN ACT to incorporate the Menomnee lumber and coal company. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. That Benjamin Bagnell, George Burn Corporators. ham, J. H. Judd, Edward D. Holton, Anthony Green, John Nazro and R. W. Pierce, and their associates, be and are hereby created a body corporate, under the name and style of the "Menomonee lumber and Name and francoal company;" and as such shall have perpetual succession, and may sue and be sued in any court whatever, with powers and privileges as are hereafter provided. chises. &c. SECTION 2. The capital stock of said company shall Capital stock, not exceed one million of dollars, in shares of one hundred dollars each; but when one hundred thousand dollars shall have been actually subscribed, and twenty-two thousand dollars paid in, the said com. pany may organize and proceed to business under this charter. ors and other duties. SECTION 3. The business and corporate powers of Board of directsaid company shall be exercised by a [board] of di officers-their rectors, not exceeding seven nor less than three. The powers and first five above named corporators shall be members of the first board, and annually thereafter after its organization, the stockholders shall elect directors. The directors shall have power to make such by-laws for the conducting of its business as are not inconsistent with the laws of this state or the United States. personal SECTION 4. It shall be lawful for said company to May hold real lease, purchase, hold and convey all such real or per- property. sonal estate as may be necessary to carry on the busi What may re ceive. Shall use care ness hereinafter mentioned, and to sell or lease the same whenever the interests of the company may require it; and the said company are hereby authorized to make, execute and issue in the transaction of their business, all necessary wharf receipts, warehouse receipts, certificates and contracts, which wharf receipts, warehouse receipts, certificates and contracts shall have the impress or stamp of the seal of the company, and shall be signed by the president or vice-president and countersigned by the secretary or treasurer thereof. SECTION 5. The said company shall have power to receive upon storage, deposit or otherwise, timber, lumber, coal, wood, stone, grain, flour, provisions, freight, merchandise and any other property, and to have the management, custody and control of the same while on storage or deposit, and advance moneys, give receipts, grant credits and take security upon any property so stored or deposited, on such terms and at such rates of interest (not inconsistent with the statutes of the state) as may be agreed upon. All wharf receipts or warehouse receipts, certificates or other evidences of deposit of property issued by said company, shall be deemed in the hands of the holder thereof prima facie title to the ownership of said property, both in law and equity. SECTION 6. It shall be the duty of said company and diligence in to use all reasonable care and diligence in the keeping keeping proper of all property deposited with them, but they shall not be deemed insurers thereof against loss by fire or by flood; and in case any property deposited with said company, upon which any advances shall have been made by them, shall before the maturity of the conWhen property tract become depreciated from the price originally depreciates. how proceed. fixed, said company may give notice to the owner of such property or his agent, requiring of such owner or agent within fifteen days after notice, to perform the conditions of the contract, or make good the deficiency caused by such depreciation in value, and in default thereof may sell and dispose of such property at public sale, and out of the proceeds thereof may retain the amount due them upon the contract, together with costs, charges and expenses: provided, public notice of such sale shall be given by publishing a notice in two daily papers, printed in the city of Milwaukee, for five successive days next before the day of sale, stating the time of sale and the character and amount of property to be sold. SECTION 7. For the improvement of the company's May make property, it shall be lawful for it to make wharves and sue bonds. docks, and lay out canals and slips upon their own grounds, and construct warehouses and stores; and for the purpose of carrying on such improvements, the company may issue bonds, obligations or certificates of indebtedness in such form and bearing such rates of interest, not exceeding ten per cent. per annum, as the company may determine, and secure the payment of the same by mortgage or mortgages upon such portion or portions of their property as it may see fit. SECTION 8. The stock of said company shall be transferable only on the books of the company. SECTION 9. This act shall take effect from and after its passage, and be deemed a public act and be liberally construed as such. Approved April 11, 1867. The secretary of state of the state of Wisconsin does hereby certify, that the laws published in this book have been compared with the originals deposited in this office, and that they appear to be correctly printed. In testimony whereof, I have hereunto set my hand. and affixed the great seal of the state, at the [L. S.] capitol, in Madison, this 19th day of July, A. D. 1867. THOMAS S. ALLEN, Secretary of State. INDEX. A. ABSTRACT OF TAX SALES, &c.-in Waushara county. in Fond du Lac county. in Dunn county.. in Douglas county. in Outagamie county in Kewaunee county ACADEMY-Clinton, to amend char'er. Clinton, to authorize tax for Milton, to confirm action of stockholders. ACCOUNT-of Fred. Huntington, secretary of state to audit county board of LaFayette county to allow... ACCOUNTS--common council Milwaukee to audit.. ADAMS and Juneau counties-towns to build bridge AGRICULTURAL SOCIETY-Lodi Union, to incorporate. Vernon county, for relief of ...... Polk county, for relief of... AGRICULTURAL and Mechanics' Association-Omro, to incorporate... AGRICULTURAL SOCIETIES-Jefferson, Monroe and Pierce Co's, relief of ALBANY to constitute high school district.... ALDRICH'S addition-to Willow river, to legalize.. ALVORD, Warren-name changed. Year. Chap. Sec. 259 761 775 840 916 937 662 663 1000 154 1082 184 1296 83 378 940 1133 1041 686 902 817 915 Waupun, Fond du Lac and Forest plankroad charter.. 1116 |