period of two years, to be computed from the time of the expiration of the ten years, for which the said charter has been granted: Provided however, That nothing, herein contained, shall prevent the winding up of the affairs of said corporation, at any time hereafter, as soon as the objects, and purposes, which it was incorporated, have transpired. JOHN ROWE, Speaker of the House of Representatives. for LOUIS W. HALL, Speaker of the Senate. APPROVED-The seventeenth day of March, Anno Domini one thousand eight hundred and sixty-two. A. G. CURTIN. No. 601. An Act To incorporate the Pittsburg and Minersville Passenger Railway Company. SECTION 1. Be it enacted by the Senate and House of Represen atives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That E. P. Jones, James Johnston, junior, Abraham Ackright, Corporators, James M. Sinclair, and their associates and assigns, be and are hereby created a body politic, in law, by the name, style, and title, of the Pittsburg and Minersville Passenger Railway Title. Company, and, by that name, shall have perpetual succession, and shall be able and capable, in law, of suing, and being Privileges. sued, pleading, and being impleaded, in all courts of law and equity, and shall have all the powers, and privileges, incident to a corporation; to have, and use, a common seal, and the Seal. same to alter, at pleasure. SECTION 2. That the capital stock of said company shall con- Capital stock. sist of one thousand shares, of fifty dollars each. SECTION 3. That the business affairs, of said company, shall Election of be conducted by a board of three managers, to be elected by managers. the stockholders, annually, on the third Monday of January, every year, at such place, in the city of Pittsburg, as the board of managers may direct: Provided however, That the three Managers to act persons, first named in this charter, shall act as managers, until until election. the third Monday of January, one thousand eight hundred and sixty-three; and in case of death, resignation, or inability to serve, the stockholders may elect others in their stead, at any time, after ten days' public notice shall have been given, of said election, by publication, in one, or more, newspapers, published in the city of Pittsburg: And provided further, That every Votes. Officers. Authorized to purchase portion of the Pittsburg and East Liberty railway. Deed to be executed, terms and effect of. Bonds secured by mortgage may be issued. Proviso. Subject to. stockholder shall be entitled to one vote, for each share of stock held by him, her, 'or them. SECTION 4. That, at the first meeting of the board of managers, after each election, they shall elect, from among their number, a president, treasurer, and secretary, and such other officers as they may deem necessary, for the proper management of said corporation. SECTION 5. That the said Pittsburg and Minersville Passenger Railway Company shall have power, and authority, to purchase, from the Pittsburg and East Liberty Passenger Railway Company, that portion of their road, now constructed, lying on Fifth street, Wylie street, Fulton street, and Centre avenue, in the city of Pittsburg; and also, that portion, lying from the eastern line of the city of Pittsburg, to the village of Minersville, upon such terms as the board of managers, of the said companies, may agree. SECTION 6. That the said Pittsburg and East Liberty Passenger Railway Company are hereby authorized, and empowered, to sell, to said Pittsburg and Minersville Passenger Railway Company, the track above mentioned, and by deed, to be duly executed by the president of said Pittsburg and East Liberty Railway Company, to transfer all their rights, and privileges, to, and in, the same; the said deed, when executed, as aforesaid, to be entered on record, in the office for recording deeds, in, and for, the county of Allegheny; and from, and after, the execution, and delivery, of said deed of conveyance, all the rights, and privileges, of the Pittsburg and East Liberty Passenger Railway Company, to occupy the streets above mentioned, shall cease and terminate, except to use, with a single track, that portion of Fifth street, lying between Grant street and the intersection of Wylie and Fifth streets. SECTION 7. That the said Pittsburg and Minersville Passenger Railway Company shall have power to raise, on bonds, to be secured by a mortgage of their road, including all its stock, and franchises, any sum of money, not exceeding forty thousand dollars, for the purpose of carrying out the true intent of this act: Provided, That no bond shall be issued for a less sum than one hundred dollars, with interest, at a rate, not exceeding seven per cent. per annum. SECTION 8. That, in all matters, not provided for in this act, the said railway company shall be subject to the powers, and privileges, mentioned in the act of assembly, approved the nineteenth day of February, Anno Domini one thousand eight hundred and forty-nine, entitled "An Act regulating railway companies," and the several supplements thereto. JOHN ROWE, Speaker of the House of Representatives. LOUIS W. HALL, Speaker of the Senate. APPROVED-The twenty-second day of March, Anno Domini one thousand eight hundred and sixty-two. A. G. CURTIN. No. 602. An Act To enable the Erie County Agricultural Society to borrow money. WHEREAS, John A. Tracy, Wilson King, Robert Evans, John Burton, and John Berst, of the county of Erie, did purchase about forty acres of land, in the township of Mill Creek, in said county, and have received a title thereto, in their joint names: And whereas, Said land was purchased, and is held, by them, in trust, for the use of the Erie County Agricultural Society, and said society is, now, in the possession thereof, and has made valuable improvements thereon: And whereas, The above named purchasers desire to transfer the title to said real estate to the said agricultural society, as fully as the same is now held by them, as soon as the purchase money, advanced by them, or for which they are liable, is paid, or secured; therefore, to enable said society to pay, or secure, the purchase money of said real estate, and to complete the improvements began thereon, 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 the said agricultural society be, and it is hereby, authorized to issue bonds, to the amount of five thousand dollars, with, or without, coupons attached, bearing interest at the rate of six per cent. per annum, payable semi-annually, at the office of said society, in the city of Erie; said bonds to be payable, at the same place, five years after the date thereof; but no bond shall be issued for a less sum than fifty dollars; and to secure the payment of said bonds, at maturity, and the interest thereon, as it falls due, the president of said society is, hereby, authorized to execute a mortgage, on said real estate, under his hand, and the seal of said society, to such person, or persons, as the president and managers of said society may select, in trust, nevertheless, for the payment of said bonds, and the interest thereon, according to their tenor and effect, and for no other purpose whatever; and the proceeds, of said bonds, shall be applied to the payment of the purchase money of said land, and the improvement of said real estate, for the purposes of said society, and to no other use, or purpose, whatever. JOHN ROWE, Speaker of the House of Representatives. Speaker of the Senate. APPROVED-The twenty-seventh day of March, Anno Domini one thousand eight hundred and sixty-two. A. G. CURTIN. Corporators. Name. Privileges. Limitation. Capital stock. Meeting of corporators. Notice. rectors. Votes. Officers. No. 603. An Act To incorporate the Pioneer Shaft Company. 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 Burd Patterson, Bernard Reilly, Eli Bowen, F. W. Hughes, Abraham Hart, Enoch W. M'Ginnes and John Tucker, and their associates, successors and assigns, be and they are hereby constituted a body politic and corporate, under the name, style and title of the Pioneer Shaft Company, by which name the said corporators shall have perpetual succession, and enjoy all the privileges, incidents and franchises, usually pertaining to a corporation, and not inconsistent with the powers and duties hereinafter set forth, for and during the space of twenty years, from and after the passage of this act; and that the capital stock of said company shall be two hundred thousand dollars, to be divided into shares of fifty dollars each, with the privilege of increasing the same, from time to time, to any amount, not exceeding six hundred thousand dollars. SECTION 2. That the above named persons, or such of them as shall, by signature, accept this charter, and such as they shall associate with them, shall meet, as soon as convenient, after the passage of this act, and after giving reasonable notice of the time and place of a future meeting, for the purpose of considering the provisions of this act; and, in case of the acElection of di- ceptance of the same, shall proceed to elect, by ballot, five of their number, to serve as directors, for the term of one year thereafter, and until their successors shall be duly elected, and annually, thereafter, at such time and place as shall be ap. pointed by the directors, to serve for one year, and until their successors shall be duly elected; and each share of stock shall entitle the holder thereof to one vote; the directors, so chosen, shall elect one of their number as president of the corporation, and all other officers and agents of the corporation shall be elected and appointed, as shall be prescribed by the by-laws; upon notice of the acceptance of the provisions of this act, and the due organization of the board of directors, in the manner Letters patent. aforesaid, to the governor of this commonwealth, there shall be granted, in the usual form, letters patent to the corporators. SECTION 3. That it shall be lawful for the said corporation to have, and to hold, coal lands, coal or mineral rights, and estates, in such lands, or coal, or mineral rights, in fee simple, or for terms of years, or in fee simple as to part, and for a term, or terms of years, as to part; and, in cases of terms for years, subject to such reasonable rent, per ton, on all coal, or other minerals, as may be agreed upon; and it shall, and may, be lawful, for said co.porn..on, to place a valuation upon said lands and estates, Objects and powers. for years, as it shall deem prudent and right, and the same to convert into a common stock, which shall be divided into a convenient number of shares, and apportioned among the several corporators, according to such interests as they may have, or acquire therein, respectively, immediately before the conveyance of such lands, or estates, to said company, and for which, certificates of stock shall be issued, from time to time, as said lands and estates are acquired, signed by the president, with stock. the corporate seal thereto affixed, and attested by the treasurer; such certificates shall be issued, and made transferable, as the Transferable. directors may prescribe, by their by-laws; and the shares of stock, so created, shall, for all purposes, be deemed and treated Certificates of as personal estate: Provided, That it shall be lawful for any Proviso. be SECTION 4. That, in like manner, certificates of stock may issued, for all moneys subscribed, or paid into said company, for the making of any of the improvements, or openings, upon their lands, or estates, as aforesaid, as herein authorized. Subscriptions. SECTION 5. That the lands and estate of said company shall Location and be in the county of Schuylkill, and in, or within, three miles of amount of lands the borough of Pottsville, and not to exceed two thousand to be held. acres; and the said company shall have the power, and authority, to open and develop said lands, and fully prepare the Development of same for mining operations; and, for this purpose, may sink lands and conslopes and shafts, erect breakers, mining houses, and tenements, struction of latconstruct lateral railroads, and do all things needful for the de- eral railroads, velopment of said lands and estates, except that said company relative to. shall not be engaged in the business of mining, and selling coal, but may accept of coal mining leases, with the right to sub-let Prohibition. to mining tenants, and may contract for the right of way, and landing room, for all coal mined from their lands, or estates, by tenants aforesaid. SECTION 6. That it further be lawful for said corporation, Authorized to to demise, and let, for a period, or periods, of not exceeding let portion of thirty years, to such person, or persons, as may be selected, lands, &c. and upon such terms as may be agreed upon, any of the said lands, and the right and privilege of mining, taking and carrying away, the coal, iron ore, and other minerals and materials, therefrom, and to aid in the development of the minerals, and other materials, and the use and transportation of the same to market. Individual lia SECTION 7. That this corporation shall pay into the treasury Bonus. of the commonwealth, a bonus of one-half of one per centum, 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 bility. all debts due mechanics, workmen and laborers, employed by said company, and for all materials and provisions furnished to said company, to be sued for, and collected, as is provided in the twelfth, thirteenth and fourteenth sections of the act incor |