hereby authorized and empowered to sell, at public or private sale, and convey the same, by deed of conveyance, in fee simple, to the purchaser thereof, sixty feet in front, and sixty-five feet in depth, of the aforesaid lot of ground, with the church building erected thereon, and the appurtenances, subject to a right of way, eight feet wide, on north side of said lot, at all times of free ingress, egress and regress, into and over said part of lot, so conveyed, to the grave yard in rear of the same, situated in the village of Mount Holly Springs, in South Middleton township, Cumberland county, and granted, as aforesaid, to the congregation of the Union church, of Mount Holly Springs, and apply one half of the net proceeds of such sale to the indebtedness incurred by the Methodist Episcopal portion of the said congregation, in the erection of a separate place of worship, and the residue thereof, to the erection of a new Union house of worship, or such religious, or educational, purposes, as the said trustees may think proper: Provided always, That the proceeds of such sale be applied, exclusively, to the purposes herein set forth: And provided further, That the deed, made by the said trustees, or their successors in office, for the said part of lot, as aforesaid, be subject to the approval and confirmation of the court of common pleas, of Cumberland county. JOHN CESSNA, Speaker of the House of Representatives. GEORGE V. LAWRENCE, APPROVED-The fourteenth day of April, Anno Domini one thousand eight hundred and sixty-three. A. G. CURTIN. No. 581. An Act To incorporate the Elk Hill Coal Company. SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That William H. Richmond, Charles P. Wurtz, Dwight N. Corporators. Lathrope, George L. Morss and Alfred P. Wurtz, of Luzerne county, their associates, successors and assigns, and all such persons and parties, companies or corporations; as shall become stockholders in the company hereby incorporated, shall be, and they are hereby, constituted a body politic and corporate, by the name and style of the Elk Hill Coal Company, to be located Name. at, or in the vicinity of, Dickson, Luzerne county, Pennsylva Seal. nia, and by said name, style and title shall have succession, and a common seal, with power to alter the same, at pleasure, and shall have power to sue and be sued, plead and be impleaded, in any court of this commonwealth, or elsewhere; and to apPowers and pri- point all necessary agents and assistants, and may have all the vileges. rights and power necessary to carry on, manage and develop their business, as a coal and manufacturing company, in the mining and preparing of coal, in all the various ways, and the manufacturing and preparing of lumber, and fitting it for market, as they may deem desirable, and to open mines, sink shafts, erect machinery, to make mine roads, also lateral railroads, to connect with other roads, none of which shall exceed four miles in length, and generally to make and vend, sell and dispose of, all such coal, lumber, materials and articles, as they may deem proper or necessary, in the prosecution of their business, and, for that purpose, shall have power to purchase and hold, in fee simple, under lease, or otherwise, not exceeding one thousand acres of land, and to purchase and hold, all such personal, and other property, as may be necessary or convenient for the prosecution of their business, and to sell and dispose of the property, real and personal, of said company. Subscriptions to stock. SECTION 2. That a majority of the corporators, herein named, may proceed to open books, for subscription to the capital stock of said company, at Dickson, and when six hundred shares of stock are subscribed for, and fully paid, in money or in property, as herein provided, the corporators, named in this act, or a maWhen first elec- jority of them, shall call a meeting of the stockholders, for holding tion of directors the first election of directors of said company, and, when said election is made, this act shall take full effect; each share of stock shall be entitled to one vote, and stockholders may vote in person, or by proxy to be held. Votes. Capital stock. Limitation. SECTION 3. That the capital stock of said Elk Hill Coal Company shall be sixty thousand dollars, to be divided into shares of fifty dollars each, with the right and power, in said company, to increase its capital stock, from time to time, as it may elect, to any sum, not exceeding the whole cost, to said company, of lands, buildings, works, improvements, materials, stocks and other property, but, in any event, not to exceed the sum of two hundred and fifty thousand dollars; the subscription to the Subscriptions capital stock may be made payable in money, or in real or permay be paid in sonal property, appropriate to the business contemplated by this act, at a fair valuation, to be fixed upon by a majority, in interest, of its stockholders, at the time of such purchase; and such purchase may include the real and personal estate, leases and contracts, heretofore belonging to parties associated jointly in business, and known by the name and firm of Richmond and Company. money or real or personal pro- The purchase SECTION 4. That the affairs of said company shall be manManagement. aged and conducted by a board of directors, to consist of not less than three, nor more than thirteen, as may be determined, from time to time, by the stockholders, at any annual meeting; Election of di- said board of directors shall be stockholders, and shall be elected annually, after the first election, as hereinbefore provided for, and shall hold their offices for one year, and until their successors are elected; but any failure or omission to elect such rectors. directors, annually, shall in nowise impair or affect, meanwhile, the rights and powers of those holding over, or the rights and interests of said company, in any way; said board of directors shall elect a president from one of their number, and shall ap- Officers. point a treasurer, secretary, and such other officers and agents as they may deem necessary, to manage the affairs of the company, and shall fill all vacancies occurring in their own body, Vacancies. until the next succeeding election, by the stockholders; and a majority of said board shall form a quorum for the transaction Quorum. of business; they shall have power to make by-laws, for the By-laws. regulation of the affairs of the company, subject to the revision and approval of the stockholders, and not inconsistent with the laws of this commonwealth. ficates therefor. SECTION 5. That said company may borrow money, and cre- Authorized to ate indebtedness, in such way and manner as the board of di- borrow money rectors may deem necessary, for the prosecution and management and issue certiof the business of the same, and issue the securities of said company therefor, in such form and manner, and payable in such places, as they may deem proper, at a rate of interest, not exceeding seven per centum, and dispose of such securities, in such manner, and at such places, as such board may direct. SECTION 6. That said company shall pay, into the treasury Bonus and tax of the commonwealth, a bonus of one half of one per centum, to State. on the capital stock hereby authorized, or hereafter created, in four equal annual instalments, and such other tax as is now, or may hereafter be, imposed, by law, on corporations; and the stockholders of said company shall be individually liable, for Individual liaall debts due mechanics, workmen and laborers, employed by bility. said company, and for country produce, to be sued for and collected, as is provided in the twelfth, thirteenth and fourteenth sections of the act incorporating the Lackawanna Iron and Coal Company, approved the fifth day of April, Anno Domini one thousand eight hundred and fifty-three: Provided, That ex- Exceptions. ecutors, administrators, guardians, and all other trustees, who may hold stock, in their representative capacity, shall be entitled to represent the same, without being subject to any personal liability therefor, or on account thereof; and that persons holding stock, pledged, by the owners thereof, as collateral security, shall not be held personally subject to any liability, as stockholders, and shall not be entitled to represent said stock at the meetings of stockholders; but, that the owners thereof, shall be entitled to such representation, as fully as though no such pledge had been given: And provided further, That the Reservation. legislature hereby reserves the right to amend, alter or repeal this act, at any time, in such manner, however, as shall do no injustice to the stockholders. JOHN CESSNA, Speaker of the House of Representatives. GEORGE V. LAWRENCE, Speaker of the Senate. APPROVED-The eighth day of June, Anno Domini one thousand eight hundred and sixty-three. A. G. CURTIN. To authorize the construction of a bridge over Oil creek. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That Albert G. Egbert, George W. M'Lintock, and Charles Hyde, their heirs, and assigns, be and hereby are, authorized, Construction of to construct, maintain, and keep up, a bridge, across Oil creek, bridges autho- in the township of Cornplanter, in the county of Venango, at or near, the place where the road leading from Cherrytree to Plumerville crosses said creek, and to erect gates, and demand, and receive tolls, for crossing the said bridge, at such rates, as shall be fixed, from time to time, by the court of quarter sessions of Venango county. rized. ubject to. SECTION 2. That all general laws of this commonwealth, for the protection of bridges, are hereby made applicable to the afore. said bridge; and all remedies given to bridge companies, by general laws, against violations of the same, and injuring bridges, and evading payment of tolls, are hereby given to the said Albert G. Egbert, George W. M'Lintock, and Charles Hyde, their heirs, and assigns. JOHN CESSNA, Speaker of the House of Representatives. Speaker of the Senate. APPROVED-The fourteenth day of April, Anno Domini one thousand eight hundred and sixty-three. A. G. CURTIN. No. 583. A Further Supplement To the act incorporating the Mutual Fire Insurance Company of Berks county, approved January thirty-first, Anno Domini one thousand eight hundred and forty-five. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assem bly met, and it is hereby enacted by the authority of the same, That it shall and may be lawful for the boards of managers Managers auof said company to adopt all by-laws, rules and regulations thorized to necessary for the well government of the affairs of said corpo- make by-laws ration, and, at their annual meeting, to fix such rates of insu- and fix rates of rance and incidental charges and fees as they may deem equitable and proper. insurance. SECTION 2. That all assessments shall be made by com- Assessments mittee of three members of the company; and all inquiries, as to losses by fire, shall be conducted by a committee of three members of the board of managers, to be appointed by the president. and inquiries as to losses to be made by committees. SECTION 3. That said company shall not insure any merchan- Prohibition as dize, or store stock, nor shall any insurance be effected in any to insurances. village, nor upon any building, or its contents, within one hundred yards of any railroad, on which steam power is used. SECTION 4. That the tenth section of the original act of in- Tenth section of corporation be and the same is hereby repealed; and that the act of incorpocharter of said company be and is hereby extended, and con- ration repealed. tinued, perpetually, from and after the expiration of the present charter; and all parts of the original act, inconsistent with this supplement, be and the same are hereby repealed. JOHN CESSNA, Speaker of the House of Representatives. GEORGE V. LAWRENCE, Speaker of the Senate. APPROVED-The third day of April, Anno Domini one thousand eight hundred and sixty-three. Charter made perpetual. A. G. CURTIN. No. 584. A Supplement To an act to incorporate the Shawmut and Ridgway Railroad Company, approved May first, one thousand eight hundred and sixty-one. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same. Proceedings reThat in case any unseated lands, through which said railroad lative to dampasses, shall be owned by persons, not resident of the county, ages where road or who are non compos mentis, minors, or unknown, it shall be passes through unseated lands, lawful for the said company to file a bond, with such security, owned by perand in such amount, as shall be approved by the court of com- sons non-resimon pleas, of the county of Elk, when said court is in session, dent. |