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roads, approved March thirteenth, eighteen hundred and forty-eight,
shall be and are made a part of this act.

Sec. 5. This act shall take effect from and after its passage.
Approved March 22, 1849.

[ No. 120. ] AN ACT to incorporate the Decatur, Lawrence and Breedsville

Plank Road Company. Incorpora

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Aaron W. Broughton, Marvin Hernnals, William B. Sherwood, Henry Coleman, Jonathan N. Hinkly, Milo J. Goss, Benjamin F. Chadwick, Horatio N. Phelps, Israel Kellogg and John Andrews, of the county of Van Buren, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the cap. ital stock of the Decatur, Lawrence and Breedsville 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 Decatur, Lawrence and Breedsville plank road company, with corporale 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 the village of Decatur, on the most eligible route to the village of Lawrence, thence upon the most eligible route to the village of Breedsville, in the county of Van Buren.

Sec. 3. The capital stock of said company shall be forty thousand dollars in one thousand shares of forty dollars each.

Sec. 4. This act shall be and remain in force for the term of amendment, 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 from 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 esistence, unless the yearly net profits of said company, over 100

Route of road.

Capital and sharca thereof.

Duration of

repeal, &c.

above all expenses, shall exceed ten per cent. on the capital stock invested, provided there be no violation of the charler of said com. pany.

Sec. 5. Said company shall be subject to all the provisions of an General proaci entitled “an act relative to plank roads," approved March thirleenth, eighteen hundred and forty-eight.

Bec. 6. This act shall take effect from and after its passage.
Approved, March 22, 1849.

visions

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I No. 121. ]
AN ACT 10 incorporate the Tecumseh and Dundee plank road

company Section 1. Be it enacted by the Senate and House of Represen- Incorporatatives of the State of Michigan, That William H. Zabriski, Charles T. Cady and Abijah Russel, be, and they are hereby appointed commissioners, under the direction of in majority of whom subscriptions may be received to the capital stock of the Tecumseh and Dundee 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 politic and corporate by the name ard style of the Tecumseh and Dundee plank road company, with corporate succession.

Sec. 2. Said company hereby crealed, shall have the power to Route of lay oui, establish and construct a plank road, and all necessary buildings, from any point in the village of Tecumseh, in the county of Lenawee, on the most eligible route to any point in the village of Dundee, in the county of Monroe.

Sec. 3. The capital stock of said company shall be thirty thou- Capital. sand dollars, in twelve hundred shares of twenty-five dollars each.

Sec. 4. This act shall be, and remain in force for the term of six- Duration of ty years from and after its passage, but the legislature may, at amendment

repcal, &.. any time, alter, amend or repeal this act by a vo'e 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. anless it shall be made to appear to the legislature ihat 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 reduc. rion of the tolls of said company shall be made during its existence,

cbarter-119

General provisions.

unless the yearly net profit of saii 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 oct entitled an act relative io plank roads, approved March thirteenth. eighteen hundred and forty-eight, shall be, and are made part of this act.

Sec. 6. This act shall take effect and be in force from and after its passage.

Approved March 22, 1819.

No. 122. ]
AN ACT to provide for the election of County Juige for Inghein

County. Section. I. Be it enacted by the Senate and House of Represention for co: tatives of the State of Michigan, That it shall be lawful for the judge for Lngham Co.

electors of the county of Ingham, in this siaie, to hold a special election therein on the firs! Monday of April, A. D. 1843, for the purpose of filing the vacancy now existing in the office of county judge of the county court of such county. The county clerk oi said county shall give at least three days notice of such election, before the first Monday of April aforesaid, to the township clerks or the several townships of said couniy.

Sec. 2. The votes cast at such election shall be canvassed, ibe Return and canvass of result certified and determined in the manner, and under the re

strictions and regulations prorided by existing laws, for holding special elections.

Sec. 3. This act shall take effect and be in force from and after

votes,

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[ No. 123. ]
AN ACT to incorporate the Pontiac and Waterford Plank Road

Company.
Section 1. Be it enacted by the Senate and House of Represen-
tatives of the State of Michigan, That Benjamin Phelps, W. M. Mc-
Connell, Ephriam S. Williams, Joshua Terry and Alfred J. Boss,

Incorporation.

road.

shares

be and they are hereby appointed commissioners, under the direc. tion of a majority of whom subscriptions may be received to the capital stock of the Pontiac and Waterford plank roud company, and the subscribers thereto, with such other persons as they 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 Waterford plank road company, with corporate succession.

Sec. 2. Said company hereby created, shall have the power to Route or lay out, establish and construct a plank road, and all necessary buildings, from the village of Pontiac, in the county of Oakland, to Waterford, in said county.

Sec. 3. The capital stock of said company shall be ten thousand Capital and dollars, in four hundred shares of twenty five dollars each, and cer- thereus. tificates of subscription to stock in said company shall be issued upon the payment of one dollar upon each share, under the direc. tion of a majority of the commissioners.

Sec. 4. The company hereby incorporated shall have power to levy and collect tolls us soon as three miles of the road shall have may be col

lecied been completed.

Sec. 5. This act shall be and remain in lorce for the term of, sixty years from and after its passage; but the legislature may, at Shanemoncite any time, alter, amend or repeal this act by a vole of two-thirds of repeal, &c. each branch thereof, but such alteration, amendment or repeal, shall not be made within thirty years after the passage of this act, unless it shall be made to app“ar to the legislature that there has been a violation by the company of some of the provisions of this act: Provided, That asier said thirty years no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly net profits of said company, over an'i above its expenses, shall exceed ten per cent. on the capital stock invested, provided there be no violation of the charter of said company.

Sec. 6. The said company shall be subject to the provisions of an General prem act entitled "an act relative to plank roads," approved March thirteenth, eighteen hundred and forty-eight, except so far as otherwise provided in this act.

Sec. 7. This act shall take effect and be in force from and after

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Duration or

visions.

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Notes of issue to be secured by

and within 1 year,

[ No. 124. ] AN ACT to continue for a limited time the charter of the Farmers'

and Mechanics' Bank of Michigan. Milension of

Section 1. Be it enacted by the Senate and House of Representacharter.

tives of the State of Michigan, That the powers, privileges and franchises heretofore granied the stockholders of the Farmers' and Mechanics' bank of Michigan, by an act approved November fifth. eighteen hundred and twenty-nine, and by an act approved March seventh, eighteen hundred and thirty-four, be and the same are hereby continued and confirmed to the stockholders thereof, for the term of twenty years beyond the time specified and limited by the acts af:resaid, subject to the restrictions and limitations hereisaster contained.

Sec. 2. That within the term of one year after the expiration

of the present charter, all the bills or notes issued by the said bank, state stock, shall be secured by stocks of the United States, or state of New

York, or of six per cent. stocks of the state of Michigan, on which interest is paid; which said stocks shall be deposited with the state Treasurer, and the state treasurer, or the deputy state treasurer, under the direction of the state treasurer, is authorized and required to countersign, in a uniform manner, as nearly as possible, all the bills or notes which shall be presented to him for that purpose by said bank, which, by law, they shall be authorized to issue; and it

shall be the duty of said ireasurer to register all notes and bills into your notes countersigned by him, in a book kept for that purpose; and y state

after one year from the expiration of the present charter, the said count'rsignd by him, bank shall not pay out any of its own bills or notes not counter

signed and registered as above provided. The bank shall be entitled to have thus countersigned, and delivered to them, an amount equal to the amount of the stocks thus deposited, estimated at their market value in the city of New York at the time of delivery to the state treasurer. And the said bank shall deposit with the state treasurer, fifty thousand dollars of the stocks aforesaid, within one year niter the expiration of its present charter, and fifty thousand dol. lars in addition thereto, within three years after the time of the ex piration, as aforesaid. And the amount of stocks so deposited shall not, at any time ofter the expiration of the three years, aforesaid, be less than one hundred thousand dollars. All of the bills or noles not countersigned and registered, which shall be in the possession

Inaute & reg.

treasurer,

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