whom subscriptions may be received to the capital stock of the Jackson and Michigan Plank Road Company, and the subscribers thereto, with such other persons as shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body corporate and politic by the name and style of the Jackson and Michigan Plank Road Company, with corporate succession. Sec. 2. Said company hereby created shall have the power to lay out, establish and construct a plank road, and all necessary buildings, Route of ro'd from Jackson in the county of Jackson, to Michigan in the county of Ingham, with the right of uniting said road at any point with the plank road of any other company. Sec. 3. The capital stock of said company shall be eighty thousand dollars, in two thousand shares of forty dollars each. Capital. charter. Sec. 4. This act shall be and remain in force for the term of sixty Duration of years from and after its passage, but the legislature may at any time alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years of the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act : Provided, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses, shall exceed ten per cent on the capital stock invested, provided that there be no violation of the charter of said company. visions. Sec. 5. The provisions of an act entitled an act relative to plank General proroads, approved March thirteenth, eighteen hundred and forty-eight, shall be and are made a part of this act. Sec. 6. This act shall take effect from and after its passage. No. 239. AN ACT to incorporate the Brest and Ypsilanti Plank Road Company. Section 1. Be it enacted by the Senate and House of Representa- Incorporat'n tives of the State of Michigan, That J. S. Bond, A. M. Arzeno, of .the county of Monroe, and E. M. Skinner and W. A. Bugbee, of Route ofro d' Capital. Duration of charter, &c. General pro visions. Washtenaw, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Brest and Ypsilanti Plank Road Company, and the subscribers thereto, with such other persons as shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body corporate and politic, by the name and style of the Brest and Ypsilanti Plank Road Company, with corporate succession. Sec. 2. Said company hereby created shall have the power to lay out, establish and construct a plank road and all necessary buildings, from Brest, in the county of Monroe, to the village of Ypsilanti, in the county of Washtenaw. Sec. 3. The capital stock of said company shall be sixty thousand dollars, in two thousand shares of twenty-five dollars each. Sec. 4. This act shall be and remain in force for the term of fifty years from and after its passage; but the legislature may at any time alter, amend or repeal this act, by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years of the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act: Provided, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company over and above all expenses, shall exceed ten per cent. on the capital stock invested, provided there be no violation of the charter of said company. Sec. 5. The provisions of an act entitled an act relative to plank roads, approved March thirteenth, eighteen hundred and forty-eight, shall be and are made a part of this act. Sec. 6. This act shall take effect from and after its passage. No. 240. AN ACT to incorporate the Pontiac and Lapeer Plank Road Company. Section 1. Be it enacted by the Senate and House of Representatires of the State of Michigan, That Aaron Rood, James Turril, Harvey Gray, William H. Powell, Loren N. Treat and Gideon O. Incorporate Whittemore, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Pontiac and Lapeer Plank Road Company, and the subscribers thereto, with such other persons as shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body corporate and politic by the name and style of the Pontiac and Lapeer Plank Road Company, with corporate succession. Sec. 2. Said company hereby created, shall have the power to lay Route of ro'd out, establish and construct a plank road, and all necessary buildings, from the village of Pontiac, in the county of Oakland, to the village of Lapeer, in the county of Lapeer, with the right of uniting said road at any point with the plank road of any other company. Sec. 3. The capital stock of said company shall be seventy-five Capital. thousand dollars, in two thousand shares of twenty-five dollars each. Duration of Sec. 4. This act shall be and remain in force for the term of sixty years from and after its passage, but the legislature may at any time charter. alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years of the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act: Provided, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses shall exceed ten per cent. on the capital stock invested, provided there be no violation of the charter of said company. General pro Sec. 5. The provisions of an act entitled an act relative to plank roads, approved March thirteenth, eighteen hundred and forty-eight, visione. shall be and are made a part of this act. Sec. 6. This act shall take effect from and after its passage. No. 241. Incorporat'n AN ACT to incorporate the Dexter and Michigan Plank Road Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Samuel W. Dexter, D. C. Whitwood of Dexter, and E. B. Danforth of the county of Ingham, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Dexter and Michigan plank road company, and the subscribers thereto, with such other persons as shall associate with them for that purpose, their successors and assigns shall be and they are hereby created a body corporate and politic by the name and style of the Dexter and Michigan Plank Road Company, with corporate succession. Sec. 2. Said company hereby created shall have the power to lay out, establish and construct a piank road and all necessary buildings' from the village of Dexter, in the county of Washtenaw, to the town of Michigan in the county of Ingham. Sec. 3. The capital stock of said company shall be fifty thousand dollars, in two thousand shares of twenty-five dollars each. Sec. 4. This act shall be and remain in force for the term of sixty years from and after its passage, but the legislature may at any time alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years of the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act: Provided, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses, shall exceed ten per cent. on the capital stock invested, provided there be no violation of the charter of said company. Sec. 5. The provisions of an act entitled an act relative to plank roads, approved March thirteenth, eighteen hundred and forty-eight, shall be and are made a part of this act. Sec. 6. This act shall take effect from and after its passage. No. 242. AN ACT to incorporate the Genesee County Plank Road Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Jonathan Dayton, Charles D. W. Gibson, Charles C. Hascall, George H. Hazelton and Henry M. Henderson, of the county of Genesee, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Genesee County Plank Road Company, and the subscribers thereto, with such other persons as shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body corporate and politic, by the name and style of the Genesee County Plank Road Company, with corporate succession. Incorporat'n Sec. 2. Said company hereby created shall have the power to lay Route of ro'd out, establish and construct a plank road and all necessary buildings, from the village of Flint to the south line of the township of Grand Blanc on the Saginaw road in the county of Genesee, with the privi lege of uniting at any point the road of any other company. Capital. Duration of Sec. 3. The capital stock of said company shall be twenty-five thousand dollars in one thousand shares of twenty-five dollars each. Sec. 4. This act shall be and remain in force for the term of sixty years from and after its passage, but the legislature may at any time charter, &c. alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years of the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act: Provided, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses, shall exceed ten per cent on the capital stock invested, provided there be no violation of the charter of said company. General pro Sec. 5. The provisions of an act entitled an act relative to plank roads, approved March thirteenth, eighteen hundred and forty-eight, visions. shall be and are made a part of this act. Sec. 6. This act shall take effect from and after its passage. |