security or payment of a precedent debt, owing to said company. Provided, further, that the general law, approved January 13, 1840, relating to mills and mill dams, shall be, and is hereby, declared to be applicable to any dam which may be constructed by virtue of this act.

§7. The business of said company shall be managed by a Company how board of five directors, who shall be stockholders, and shall be managed. elected as hereinbefore prescribed, and by ballot; and such directors shall elect one of their number for president, and shall respectively serve one year, and until others are chosen.

§ 8. The said directors shall meet at such times and places, Duties of directors. and be convened in such manner as they shall hereafter decide. Three directors shall form a quorum for the transaction of business, and in the absence of the president they may appoint a president pro tem. The said directors may appoint a secretary, treasurer, and all such other officers as they shall deem expedient,' and shall fix the compensation of all the officers of said company, Compensat❜n. and define their duties; and they shall have full power to decide

the time, manner, and proportion in which the stockholders shall

pay the amount due on their respective shares, and to forfeit to Shares, forfeit. the use of the company the shares of every person failing to pay any instalment so required within a reasonable period, not less than thirty days after the time by them appointed for the payment thereof; they shall have power to order and superintend all receipts and disbursements, and other proceedings of the said com

pany, by themselves or their agents, and make such bye-laws, Bye-laws, &c. rules and regulations as they shall deem needful and proper, touch

ing all such matters as appertain to the business and concerns of

said company; Provided, such bye-laws, rules and regulations are Proviso. not repugnant to the laws of the United States, or of this ter

ritory.

ble.

§ 9. The stock of said company shall be transferable and as- Stock assignasignable in such manner as the directors shall prescribe; but no transfer shall be valid and effectual, until the same shall be registered upon the books of the company, nor until the person making the same shall have previously discharged all debts due by him to the company.

ded.

§ 10. If at any election for directors, any two or more persons Tie, how deci shall have an equal number of votes, then the directors who shall have been duly elected, shall proceed by ballot to determine which

Make report.

Individually liable.

of said persons are directors; and in case of removal from this territory, death, or resignation, of any of said directors, the remaining directors shall proceed to fill such vacancies from among the stockholders.

§ 11. It shall be the duty of said directors to make, or cause to be made, annually, on the first Monday of May in each year, a report of the affairs of said company, and file the same with the President for the inspection of any or all of the stockholders of said company, and shall make dividends of so much of the profits as they shall deem advisable for the interest of the company.

§ 12. The stockholders in said company shall be liable in their private and individual capacity for the debts of said company, in the same manner, and to the same extent as partners are liable at law for partnership debts; and any person having demands against May be sued. said company may sue the said company in their corporate name,

Taxable.

Suits not to abate.

Repeal.

Office, where kept.

Partners may

ners.

or any individual liable as aforesaid: Provided, that execution shall be first levied upon the property of said company, if any property of said company can be found; and the stock property of said corporation shall be subject to the same taxation as other property, and to be taken and sold on execution to satisfy any debt against said corporation, in such as is or may be provided by law.

13. Any suit commenced against individuals charged with the debts of the company, shall not be abated because all the parties or stockholders are not named as defendants in such suits.

§14. The legislature of the territory or future state of Wisconsin may at any time alter, amend or repeal this act, on notice being given to the president or secretary of said company at least ten days previous to any action being taken thereon by the legislature.

§ 15. The office of said company shall be kept in the town of Prairieville, at such place in said town as the directors of said company may direct.

16. Any person who shall have been made liable as a partsue other part- ner in said company, and has paid any sum of money on account of such liability, may have and maintain an action of assumpsit against any or all of the stockholders in said company, to recover from them the proportion due from each respectively of the demand so paid by him, according to the number of shares by them. respectively owned or held, of the stock of said company. APPROVED, April 4, 1843.

AN ACT to authorize Henry Thien to build and maintain a dam on the Milwaukee river.

Be it enacted by the Council and House of Representatives of the Territory of Wisconsin:

§ 1. That Henry Thien and his associates, successors and assigns To build dam. be, and they are hereby, authorized to build and maintain a dam across the Milwaukee river, upon the north-west fractional quar- Where. ter of section twenty-three, in township nine north, of range twenty-one east, in the county of Washington, to erect mills or other machinery, or in any other manner to make use of the water for hydraulic purposes, that may be deemed necessary for the facilities of business. Provided, that the lands upon which said dam Proviso. and its apurtenances are constructed shall be owned by the said Henry Thien or his associates.

§ 2. The said dam shall not exceed three feet rise above the Height of dam. surface of said river at high water; the said Henry Thien and his associates, successors and assigns, shall construct and maintain in said dam a convenient lock or locks, each eighty feet long, be- Locks. tween the gates, and thirty feet wide, in the clear, for the free passage of all boats and other water craft, and shall attend upon the same, and pass and repass all such boats and water craft free of expense to the owners or navigators thereof.

§3. The said Henry Thien, his associates and successors, Slide. shall construct, and keep in good repair, a sufficient slide, not less than thirty feet wide, and so constructed as not to cause a fall of more than three feet to every twelve feet of smooth surface, to admit of the passage of all rafts of timber, &c. down the said stream.

§ 4. The said dam shall be subject to all the provisions of an act of the legislature of this territory, entitled "an act in relation to mills and mill-dams," approved 13th January, 1840.

5. The legislature may at any time repeal, alter or amend Repeal.

this act.

APPROVED, March 25, 1843.

Election &c.

AN ACT to legalize the proceedings of the inhabitants of Winnebago county, in the organization of said county.

Be it enacted by the Council and House of Representatives of the Territory of Wisconsin:

1. That the proceedings of the electors of the county of Winnebago, at the election held at the house of Webster Stanley, on the first Monday of April, A. D. 1842, are hereby declared Shall be legal. to be valid and effectual, to all intents and purposes; and the acts and doings of each and every of the county and town officers elected at said election, shall not be impeached or set aside for the reasons of the said elections not having been held at the place designated in the "act to organize the counties of Calumet and Winnebago, and for other purposes," approved February 18, 1842.

dam.

APPROVED, March 29, 1843.

AN ACT to authorize Levi Godfrey, Philo Belden, and Hiland S. Hulbert, to build and maintain a dam on Fox river.

Be it enacted by the Council and House of Representatives of the Territory of Wisconsin:

Who to build § 1. That Levi Godfrey and his associates, successors, and assigns be, and they are hereby, authorized to build and maintain a dam across the Fox river, upon any part of section eleven and two, town three, range nineteen, in town of Rochester, county of Racine; to erect mills or other machinery; or in any other manner to make use of the water, for hydraulic purposes, that may be deemed necessary for manufacturing facilities. Provided, that the said lands upon which said dam and its apurtenances are constructed, shall be owned by said Levi Godfrey or his associates.

Proviso.

Slide.

Subject to oth

er acts.

§ 2. The said Levi Godfrey, his associates and successors, shall construct, and keep in good repair, a sufficient slide, not less than fifteen feet wide in the clear, and so constructed as not to cause a fall of more than three feet to every twelve feet of horizontal surface, to admit of the passage of fish, &c.

§3. The said dam shall be subject to all the provisions of an act of the legislature of this territory entitled "an act in relation to mills and mill dams," approved 13th January, 1840.

4. The legislature may at any time repeal, alter, or amend Repeal, this act.

APPROVED, March 29, 1843.

AN ACT to authorize the village of Racine to raise money, and for other purposes.

Be it enacted by the Council and House of Representatives of the Territory of Wisconsin:

harbor.

§ 1. That the trustees of the village of Racine shall have Special tax for power, for three years, to levy a special tax, not exceeding five thousand dollars annually, for the purpose of constructing a harbor at the mouth of Root river.

§ 2. That the said tax shall be levied on the following pro-On what propperty and no other, to wit: all lands, town lots and out lots, which erty. are not exempted from taxation by the laws of the United States

or of this territory, and not including any improvements made thereon, either in building or otherwise.

§3. That if the said trustees shall levy such a tax the present Tax list year, the clerk of said village shall, as soon as he shall be notified thereof, make out tax lists of the same, and deliver the same to the treasurer, within one month, in the same manner as it is his duty to make out tax lists by the fifth and sixth sections of an act passed February 16, 1842, entitled "an act to amend an act entitled 'an act to incorporate the village of Racine.'"*

§ 4. That upon the receipt of said tax list, and within one Notice. month thereafter, the treasurer of said village shall proceed to advertise and collect said taxes, in the same manner as it is his duty, to advertise and collect taxes by said act, passed February 16, 1842.

5. That after the present year, the said tax shall be levied Manner of callecting. and collected at the same time and in the same manner that taxes are required to be levied and collected by said act passed February 16, 1842, except that they shall be levied on lands and lots, exclusive of improvements, as aforesaid.

tate.

§ 6. That the tax thus levied for this year shall be a lien on Lien on real esreal estate from the time of the first advertisement of the treasurer; and that the taxes levied after this year shall be a lien on real estate in the same manner as the taxes mentioned in said act passed February 16, 1842, are to be a lien.