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period of two years, to be computed from the time of the ex-
piration 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, for
which it was incorporated, have transpired.

JOHN ROWE,
Speaker of the House of Representatives,

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.

In Act
To incorporate the Pittsburg and Minersville Passenger Railway Company.

SECTION 1. Be it enacted by the Senate and House of Represenatives 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 bave 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 antil 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.

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 manaOfficers.

gers, 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 manage. ment of said corporation.

SECTION 5. That the said Pittsburg and Minersville PassenAuthorized to

ger Railway Company shall have power, and authority, to purchase por tion of the Pitts- purchase, from the Pittsburg and East Liberty Passenger Railburg and East way Company, that portion of their road, now constructed, Liberty railway. 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 PasDeed to be exe-senger Railway Company are hereby authorized, and empowcuted, terms and effect of.

ered, 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 privi. leges, 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 & single track, that portion of Fifth street, lying between Grant

street and the intersection of Wylie and Fifth streets. Bonds secured

SECTION 7. That the said Pittsburg and Minersville Passenby mortgage

ger Railway Company shall have power to raise, on bonds, may be issued. 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 inProviso.

tent 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, Subject to.

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 bundred 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 duę, 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.

LOUIS W. HALL,

Speaker of the Senate. APPROVED— The twenty-seventh day of March, Anno Domini one thousand eight hundred and sixty-two.

A. G. CURTIN.

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 Assem

bly met, and it is hereby enacted by the authority of the same, Corporators.

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 Name.

and title of the Pioneer Shaft Company, by which name the

said corporators shall have perpetual succession, and enjoy all Privileges. the privileges, incidents and franchises, usually pertaining to a

corporation, and not inconsistent with the powers and duties Limitation.

hereinafter set forth, for and during the space of twenty years,

from and after the passage of this act; and that the capital Capital stock.

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 Meeting of cor

as shall, by signature, accept this charter, and such as they porators.

shall associate with them, shall meet, as soon as convenient, Notice. 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 rectors. 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 Votes. successors shall be duly elected; and each share of stock sball

entitle the holder thereof to one vote; the directors, so chosen, Officers. sball 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 aet, 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 Objects and

to have, and to hold, coal lands, coal or mineral rigbts, and es. powers.

tates, in such lands, or coal, or mineralrights, in fee simple, or for terms of years, or in fee simple as to part, and fora term, orterms 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 marlie agreed upon; and it shall, and may, be lawful, for said CO...vil, to place a valuation upon said lands and estates, Co!!

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

Certificates of 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 as personal estate: Provided, That it shall be lawful for any Proviso. railroad, or canal, company, engaged in the transportation of coal, from Schuylkill county, to take any portion of the loan, authorized by this act, at such price, and on such terms, as may be agreed upon by them, or either of them, with the corporation hereby created. SECTION 4. That, in like manner, certificates of stock may be

Subscriptions. 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.

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 same for mining operations; and, for this purpose, may

Development of sink

lands and conslopes and shafts, erect breakers, mining houses, and tenements, struction of lat. construct 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.

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

Individual liastockholders of said company shall be individually liable for 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

bility.

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