Commis settle by compromise tle. And upon such com promise be ing made to on such terms as full power to settle by compromise or otherwise with any perso sioners em- or persons who in any manner may alledge title to any of the powered to lands late the property of the aforesaid John Nicholson deceased to them may appear most eligible, and with persons their proceedings therein shall be final and conclusive on claiming ti- the commonwealth: And upon any compromise made with any person or persons, the said commissioners or a majority of them at the request of the party and upon his or their paying the consideration money into the state treasury, or securing the payment of the same, may, and shall execute and deliver an assignment under their hands and seals of so much of the liens of this comassignment, monwealth against the estate of the late John Nicholson, as may be equivalent to the consideration paid or secured to be paid as aforesaid by such party, and from the date of such assignment the whole amount thereof shall be principal bearing legal interest, and the holder or holders of such assignments, or his or their assigns sioners may may at any time proceed upon the liens of this commonwealth purchase for to sell the lands which may constitute the subject of such com execute and deliver an &c Commis the use of the com monwealth office of the promise. SECT.V. And be it further enacted by the authority aforesaid, That if they shall if the commissioners or a majority of them should be of opinion judge it that it would be more to the advantage of the commonwealth to more advantageous. purchase any of the property to be offered to sale under this act for the use of the commonwealth than to suffer the same to be And of such sold for a sum less than the estimated value thereof, they, or a purchases shall make a majority of them are hereby empowered so to do, and in this as special re- in cases of sales to individuals, the commissioners are enjoined turn into the to make a special return into the office of the secretary, who Secretary of shall as in other cases, register the return which shall vest in the commonwealth all the title to the property so purchased, which monwealth: the said John Nicholson had therein at the date of the commonWho shall register the wealth's liens, and the lands so purchased shall be disposed of return, and in such manner as shall hereafter be directed by law: Provided, thereupon all That no purchase either directly or indirectly, shall be made in the title pur- behalf of the commissioners aforesaid in their own right, nor shall any of the property of John Nicholson be vested in them otherwise than as in trust for the commonwealth. the Com. chased shall vest in the Common wealth, &c. veyors au SECT. VI. And be it further enacted by the authority aforesaid, Late and That any late or present deputy surveyors, who may have made present surveys for the use of the aforesaid John Nicholson, are hereby deputy-sur- authorized to make return on oath or affirmation of such surthorized to veys so made by him as may be demanded by the aforesaid commismake returns sioners, and on settlement of their account of fees by the regisof such sur- ter and comptroller shall be entitled to receive the amount thereveys hereof, upon warrants drawn therefor by the Governor on the treasurer of the commonwealth, and the surveyor general is hereby demanded required to accept all surveys returned by virtue of this act, and tofore made, as may be also all returns for the use of the late John Nicholson, hereto- by the comforé deposited with him by deputies out of office, which may be missioners, required by the aforesaid commissioners to be accepted, and the And shall said commissioners or a majority of them whenever they may receive comdeem it expedient, in order to ascertain quantities, to rectify er- pensation rors or mistakes in surveys, and to identify tracts of land where therefor. division lines may not have been run or outlines distinctly and sioners auaccurately marked, shall have power to procure resurveys of such thorized to tracts to be made and returned, and the expences thereof shall procure rebe paid as is directed in this section, and the surveyor general is which the hereby required to accept such resurveys. Commis surveyor SECT. VII. And whereas the late John Nicholson, formerly general is to comptroller-general of this Commonwealth, was entitled to cer- accept. tain lands which he conveyed to certain trustees for the use of such persons as should become purchasers of shares in an association called the "Asylum Company," each share to entitle the holder to two hundred acres of land: And whereas it is necessary to know what number of shares have been disposed of, and what number of shares were purchased by the said John Nicholson, to the intent that the interest of the said John Nicholson in the stock of the said Company, subject to the liens of this Commonwealth be ascertained: And whereas the said CompaAsylum have refused to the commissioners aforesaid the necessary incompany formation in this case: Therefore, Be it further enacted by the author- shall delivity aforesaid, That the president and managers of the Asylum Com- er to the pany shall, within three months from the passage of this act, de-, Secretary of liver or cause to be delivered to the Secretary of the Common- sioners a cowealth, an exact copy of their transfer book or register of shares py of their in the stock of said company, which may have been transferred transfer by the company to individuals, or by individuals to the com- ister of pany, or to other individuals. ny the commis book or reg shares, &c. a schedule of fore claimed by them. SECT. VIII. And be it further enacted by the authority aforesaid, That the said company shall, within three months from the pas- Company sage of this act, file in the said secretary's office a schedule of all also to file lands now or at any time heretofore claimed and held by the said in said office company, exhibiting the quantity and local situation of each bo- all lands now, dy or tract of land, and also a specification of their title to each and hereto body or tract, and if any lands shall have been transferred by any other person or persons than the said John Nicholson to the said company or in trust to them, the said company shall state fully and explicitly whether such person or persons made such title. transfers under any immediate contract with the said company or by virtue of some contract with the said John Nicholson: Provided, That the reasonable expences incurred by the President and managers of the Asylum Company, in making out copies of the papers directed by this act to be filed in the Secretary's office,. shall be settled by the comptroller and register-generals in the Also specifi cation of in case the Company ne usual form, and shall be paid by the treasurer, on a warrant or warrants drawn for that purpose by the Governor. SECT. IX. And be it further enacted by the authority aforesaid, Procedings That if the said company shall neglect to comply with the requisitions by the two preceding sections made of them, all those glect to com- bodies or tracts of land claimed by them, the title to which may ply with the be ascertained by the aforesaid commissioners to have been vestrequisitions, ed in the late John Nicholson at any time antecedent to the of the two preceding sections. twentieth day of December, one thousand seven hundred and ninety-six, shall be considered as abandoned by the said company; and the said commissioners may proceed to sell the same, in the same manner and on the saidterms as provided by the first, second, and third sections of this act: Provided nevertheless, That if the said commissioners and company shall compromise the difficulCommission- ties by this act intended to be remedied, this act so far as respects ers not to be the said company, shall be null and void. charged with fees for papers ob tained from the secretary's office. ers compen SECT. X. And be it further enacted by the authority aforesaid, That the commissioners shall have free access to any papers filed or deposited in the aforesaid secretary's office, by virtue of this act, exempt from any fees or charges. SECT. XI. And be it further enacted by the authority aforesaid, How the That the compensation of ten per cent. granted to the said commission- commissioners, shall be calculated and allowed only on the asation shall mount of the money and bonds, which shall be paid into the state treasury on account of the said John Nicholson's estate. SECT. XII. And be it further enacted by the authority aforesaid, That the fourth, fifth and sixth sections of the act hereby supplied, be, and they are hereby repealed. be calculat ed. Repeal of part of the former law. SIMON SNYDER, Speaker of the House of Representatives. P. C. LANE, Speaker of the Senate. APPROVED-the nineteenth day of March, in the year of our THOMAS M‹KEAN. CHAPTER LV. An ACT to incorporate the Lancaster and Susquehanna Insurance Company. WHEREAS an association of citizens hath been formed under the title of the "Lancaster and Susquehanna Insurance Company," for the purpose of insurance from losses by fire and other risks, and it appearing to the legislature that the agricultural interests and the security of the property and persons of the citizens will be promoted by such institution: Therefore, SECTION I. Be it enacted by the Senate and House of Representa tives of the Commonwealth of Pennsylvania, in General Assembly met, and it is hereby enacted by the authority of the same, That all The society and every the persons who shall at the time of the passing of incorporatthis act be members of the association called the "Lancaster and ed. Susquehanna Insurance Company", and proprietors of the capital stock thereof, shall be and they are hereby created and declared to be one body politic and corporate by the name, style, and title of the "Lancaster and Susquehanna Insurance Com- Style of the pany," and by the same name shall have perpetual succession, corporation. and shall be able to sue and be sued, implead and be impleaded, ers. in all courts of record or elsewhere, and to purchase, receive, Its immuni i have, hold and enjoy to them and their successors, lands, tene- ties and powments and hereditaments, goods and chattels, of what nature, kind, or quality soever, real, personal, or mixed, or choses in action, and the same from time to time to sell, grant, demise, alien, or dispose of: Provided, That the clear yearly income of said Income limi real estate shall not at any time exceed the sum of five thousand ted. dollars, and also to make and have a common seal, and the same To have a to break, alter and renew at pleasure, and also to ordain, esta- common blish and put in execution such by-laws, ordinances and regula- seal, and tions as shall appear necessary and convenient for the govern- power to alment of the said corporation, not being contrary to the constitution thereof, or to the laws of the United States or of this commonwealth, and generally to do all and singular, the matters Power to and things which to them it shall lawfully appertain to do for execute bythe well-being of the said corporation, and the due management laws, &c. and ordering of the affairs thereof. ter and re new it. make and SECT. II. And be it further enacted by the authority aforesaid, All joint That all the joint stock, and all other the estate, real, personal and records, stock, estate and mixed, and all the securities, dues, claims and demands, and &c. held and all the records, books, papers, vouchers, and other documents claimed at whatsoever, in anywise belonging to or held and claimed by this act vestpassing of the said association of citizens at the time of the passing of this ed in the act, shall be transferred to nd vested in the said corporation of company. the "Lancaster and Susquehanna Insurance Company," hereby created as absolutely and completely to all intents and purposes as the same respectively shall then belong to, or be held and claimed by the said association of citizens, or by their officers and agents for their use. SECT. III. And be it further enacted by the authority aforesaid, Capital stock may be That the capital stock of the "Lancaster and Susquehanna In- increased surance Company" now consisting of one hundred thousand from 100, dollars, may be hereafter increased to any sum not exceeding 000, to any three hundred thousand dollars, if the holders of two thirds of sum, not exceeding the present stock shall at any of their annual meetings regularly 300,000 doiconvened, as is hereinafter provided, so order, and the increase lars: If so ordered shall be subscribed for in such manner, and on such terms as by the holders of two they shall direct: Provided always, That the privilege of subthirds of the scribing to shares in the increased stock, shall not exceed the present stock, &c. Subscriptions for in creased made upon plan. Stock transferable. The terms original terms, and shall be equally extended to the citizens at large, as well as to those who may then be stockholders, after a notice of sixty days at least shall have been given in all the newspapers printed in the borough of Lancaster; and the prestock, to be sent capital stock of the company by this act incorporated, as the original well as the stock which may be created in addition to it by the increase aforesaid, shall be held by the proprietors thereof, and be transferable by them or their assigns respectively, on the terms and in the manner hereinafter specified, and the stockholders having already paid two dollars and fifty cents on each of payment. share by them respectively subscribed according to the terms of their association, shall pay the balance for the share or shares by them respectively subscribed in the company by this act incorporated, in instalments of not more than five dollars each, at such times as the president and directors shall judge necessary and require, they giving at least thirty days notice previous thereto, in two public newspapers printed in the borough of Forfeiture in Lancaster, and the stockholders who shall neglect or refuse to case of ne- pay all or any part of the said instalments for the space of ten glect or refudays after the time and times prescribed as aforesaid, shall forsal to pay the instalments feit for the use of the company hereby incorporated, all the money previously paid, together with all right, title, interest, emolument, profit, claim and demand whatsoever, of, in, to and become due. out of the capital stock and funds of the company by this act incorporated, and the profits arising and to arise therefrom by How the ca- reason or on account of the share and shares so forfeited, and pital stock so much of the capital stock and funds of the company as it may not be necessary to reserve for the purpose of paying demands against the company, shall be vested by the directors in the public debt of the United States, in bank stock, or in the stock of any company incorporated by the state of Pennsylvania, or any of the United States, and the directors shall have power to call in and reinvest such monies in the same or other funds, whenever it shall appear to them expedient. in ten days after the same shall may be invested. Who shall SECT. IV. And be it further enacted by the authority aforesaid, That no corporation or body politic, or persons not being citimitted to be. zens of the United States of America, shall be admitted to become members of the said company. not be ad come mem bers. The affairs of the com pany to be managed by 17 directors. SECT. V. And be it further enacted by the authority aforesaid, That the affairs of the company shall be managed and superintended by seventeen directors, who at their first meeting after their election, shall choose one of their number to be president, and in case of the death, resignation or inability of the president, or any director, the vacancy shall be supplied by the board of |