« PreviousContinue »
(No. 79.] AN ACT in regard to the Recorded Plat of the Eastern Addition
to the Village of Adrain. Whereas, The proprietors of the plat of the “ eastern addition to the village of Adrian,” in the county of Lenawee, and state of Michigan, omitted, when recording said plat, to state upon said record the size of the several village lots thereupon laid out, as well as the width of the several streets established in said village plat; therefore,
SECTION 1. Be it enacted by the Senate and House of Representatires of the State of Michigan, That it shall and may be lawful so to amend said record as to show the length and breadth of all lots laid out, and the width of all streets laid out in said village of “east addition to the village of Adrian," and the same shall be as valid as though done at the time of recording the same.
Approved March 17, 1847.
[No. 80.] AN ACT to amend an act entitled "an act to provide for laying
out 'and establishing a State Road, and for other purposes, from the Village of Palmer in the County of St. Clair, to the Village of Riley in said County,” approved March twenty-fourth, eighteen hundred and forty-five.
Section 1. Be it enacted by the Senate and Ilouse of Representatives of the State of Michigan, That for the purpose of working and improving the road mentioned in section one of an act entitled “ an act to provide for laying out and establishing a state road from the village of Palmer in the county of St. Clair, to the village of Riley in said county,” approved March twenty-fourth, eighteen hundred and forty-five, the highway tax which may be assessed upon the lands owned by non-residents within one mile each way from the centre of said road for the next succeeding four years, are hereby appropriated, and John Grinnoll of the township of Riley, be appointed special commissioner, and hereby directed to lay out and expend the aforesaid mentioned taxes upon said road, for the laying out and improving and working the same.
Sec. 2. That section three of said act to provide for laying out
and establishing a state road, and for other purposes, be and the same is hereby repealed.
Sec. 3. This act shall take effect and be in force from and after
[No. 81.] AN ACT to provide for paying the Assistant Librarian and the
Private Secretary of the Governor. Section 1. Be it enacted by the Senate and House of Representa tires of the State of Michigan, That there be and is hereby appropriated out of the general fund, the sum of five hundred dollars, and the state treasurer is hereby authorized and directed, out of the above appropriation, to pay the assistant librarian the sum of three dollars per day during the time he has been or may be in the service of the state, to be paid on the certificate of the secretary of state; and the private secretary of the governor the sum of three dollars per day during the time he has been or may be in the service of the state, to be paid on the certificate of the governor: Provided, The time for which such officers shall be paid shall not exceed more than five days beyond the actual period of the session of the legislature.
Sec. 2. This act shall take effect and be in force from and after its passage.
Approved March 17, 1847.
Who to causc books
[No. 82.] AN ACT to incorporate the Kalamazoo and Grand River Rail
Road Company. Section 1. Be it enacted by the Senate and House of Representato be open- tires of the State of Michigan, Thai Justus Burdick, George W.
Rice, Samuel Clark, Isaac Moffatt, Samuel P. Cobb, Edmund B. Bostwick, George Martin and Rix Robinson, may cause books to be opened at such times and places as they shall direct, for the purpose of receiving subscriptions to the capital stock of the Kalama.
zoo and Grand river rail road company, first giving thirty days' no. tice of the times and places of taking such subscriptions by publishing such notice in one of the public newspapers in Kalamazoo and Kent counties.
Sec. 2. The capital stock of said company shall be sky hundred Capital sto’k thousand dollars, in twelve hundred shares of fifty dollars each and as soon as one hundred shares of said stock shall be subscribed, the subscribers thereto, with such other persons as shall associate with them for that purpose, their associates and assigns, shall be, and they are hereby created a body corporate and politic, by the name of the Kalamazoo and Grand River rail road company, with perpetual succession, and by that name shall be capable in law of purchasing, holding, leasing and conveying estate, either real, personal or mixed, so far as the same be necessary for the purpose hereinafter mentioned, and no farther, and in their corporate name may sue and be sued; may have a common seal, which they may alier or renew at pleasure; and shall have and may enjoy and exercise all the powers, rights and privileges which may be necessary to carry into effect the purposes and objects of this act.
Sec. 3. Said company, hereby created, shall have pow struct a rail road, with a double or single track, from Kalamazoo, rail road. in the county of Kalamazoo, to Grand Rapids, in the county of Kent, with power to take, transport and carry property and persons upon the said rail road, or any part thereof herein authorized to be constructed, by the power and force of steam, or of animals, or of any combination of them.
Sec. 4. If said company shall not, within four years after the passage of this act, commence the construction of said road, and commenci's shall not, within twelve years from the passage of this act, con- magaid rail struct, finish and put in operation the whole of said road, then the rights, privileges and powers of said company shall be null and void so far as it regards such part of said road as shall not be finished within the limits of this act.
See, 5. Whenever two hundred shares of the capital stock shall have been subscribed, if within three years from the passage of this missioners act, the commissioners shall call a meeting of the subscribers at ting. such time and place as they may appoint, by giving thirty days'
to con- Power to
to call mee
public notice of such meeting, and shall lay the books of subscription before the subscribers then present; and thereupon said stockholders, or a majority of them, shall elect seven directors by ballot, a majority of whom shall be competent to manage the affairs of the company, and said directors are empowered to elect one of their number president; and on all occasions, when a vote of the stockholders is to be taken, each and every share shall entitle the hold
ers thereof to one vote either by himself or by proxy. Directors to be chosen.
Sec. 6. To continue the succession of president and of directors of said company, seven directors shall be chosen annually, on the first Monday in October, at such place as may be appointed by the directors ; and if any vacancy shall occur by death, resignation or otherwise of any president or director, before the year for which he was elected shall have expired. such vacancy for the remainder of the year may be filled by the directors of said company, or a majority of them. The president and directors of said company shall hold their office until a new election of president and directors. All elections which are by this act, or by the by-laws of this company to be made on any particular day, may be made at any time within sixty days thereafter, notice of such meeting being given as
prescribed in the preceding section. General Sec. 7. A general meeting of the stockholders of said company meeting.
shall be held annually at the time and place appointed for the election of president and directors; and a meeting may be called at any time during the interval between the said meetings by the president and directors, or by the stockholders owning not less than one fourth of the whole stock, by giving thirty days' notice of the time and place of meeting, and when any such meeting is called by the stockholders, the particular object of such call shall be stated; and if at any meeting thus called, a majority in value of the stockholders are not present in person or by proxy, such meeting shall be adjourned from day to day, not exceeding three days without transacting any business; and if within said three days, stockholders having a majority of the stock do not attend such meeting, then the said meeting shall be dissolved.
Sec. 8. At a regular annual meeting of the stockholders of said Duty of pre
company, it shall be the duty of the president and directors in of
sident and di. ectors at
fice for the preceding year, to exhibit a clear and distinct statement
meeting of the affairs of the company; and at any meeting of the stockholders, a majority of those present, or by proxy, may require similar statements from the president and directors, whose duty it shall be to furnish them when thus required; and all general meetings of the stockholders, a majority in value of all the stockholders in said company, may remove from office any president or any of the directors of said company and elect others in their stead: Provided, Notice of such intended removal has been given as required by the seventh section.
Sec. 9. Every president and director of said company, before he acts as such, shall swear or affirm that he will well and truly discharge the duties of his office to the best of his skill and judgment.
Sec. 10. The president and directors, or a majority of them, shall have power to appoint, contract with and determine the compensation of all such officers, engineers, agents and servants whatsoever, as they may deem necessary for the transaction of the business of the company, and remove them at pleasure; and the said president and directors, or a majority of them, shall have power to determine the manner, also the manner and evidence of the transfers of the stocks in the said company; and they shall have power to pass all the by-laws which they may deem necessary for carrying into execution all the power vested in the company hereby incorporated: Prorided, Such by-laws shall not be contrary to the constitution or laws of the United States, nor of this state.
Sec. 11. The president and directors of said company shall be, and they are hereby invested with all the privileges, rights and Power of
presidente powers necessary for the location, construction and keeping in re-directors. pair said rail road, not exceeding one hundred feet in width; and the said president and directors, or their agents or those with whom they may contract, for making said road, or any part of it, may enter upon, use and excavate any
be wanted for the site of said rail road, as soon as the amount of compensation there. for is ascertained and tendered as provided in section six and seven of an act to incorporate the Michigan Central Railroad Company.
Sec. 12. The said company may charge and collect a reasonable May charge sum not exceeding the sums charged by said Michigan Central Rail- &c.