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Officers;

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Election of

corporation, who shall constitute a board for the management of its affairs, who shall immediately enter upon the duties of their offices, low elected and who shall hold the same from the time of their election until the third Wednesday in August of the ensuing year, and until others Term. are chosen in their stead; and in case any of the trustees shall resign, die, refuse or neglect to act, then and in every such case the remaining trustees may elect by ballot other members of said corporation in their stead, who shall hold their offices in the same manner as those first elected. Sec. 6. Each member shall be entitled to one vote for each share

Subscript'os of which he shall be holder; and the said trustees shall receive

to capiul subscriptions for shares in said corporation until the capital stock may be subscribed; and said shares be assignable and transferrable according to such rules as the board of trustees shall from time to time make and establish.

Sec. 7. In case it should at any time happen, than [that] an election of Trustees should not be made on any day when pursuant to this entre em cong act it ought to have been made, the said corporation shall not for that cause be dissolved, but it shall and may be lawiul on any other day to hold an election for trustees in such manner as shall be provided by the laws and ordinances of said corporation.

Sec. 8. The trustees may by their by-laws make all necessary rules and regulations for calling special meetings, and changing the time of the annual meetings, and for the government and maintainance of said institute, and for no other purpose whaterer; and a majority of the trustees shall constitute a quorum for the transaction of business.

Sec. 9. A board of visitors shall be appointed annually by the trustees, whose duty it shall be to attend all examinations, and from time to time make a personal examination into the state of the institute in all its departments, and report the result to the trustees, suggesting such improvements as they may deem important.

Sec. 10. It shall be the duty of the trustees to submit to the Superintendent of Public Instruction an annual report, exhibiting the fort number of pupils in the institute, and the condition thereof in all its departments, and he may submit the same to the Legislature in bis annual report.

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See. 11. This act shall take effect from and after its passage.
Approved March 25, 1850.

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[ No. 150. 1 AN ACT to incorporate the Decatur and St. Josephus Plank Road

Company. Section 1. De it enacted by the Senate and Ilouse of Representatives Incorpora

of the State of Michigan, That Soloman Wheeler, B. C. IIoyt, Henry Norton and Samuel McRoys of Berrien county, and William Sherwood, Henry Coleman and W. II. Keeler of Van Buren county, be and they are hereby appointed commissioners, under the direction of a majority of whom subseriptions may be received to the capital stuck of the Decatur and St. Josephs Plank Road Company; and the subscribers thereto, with such other persons as they shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a boly politic and corporate, by the name of the Decatur and St. Josephs Plank Road Company, with corporate succession,

Sec. 2. Said company hereby created shall have the power to lay out, establish and construct a plank road, and all necessary buildings and appurtenances, commencing at the village of Decatur in Van Buren county, on the most eligible route, and terminating at the vil. lage of St. Josephs, Berrien county; with the privilege of uniting

sail road at any point with the road of any o:her company. Capital,

Sec. 3. The capital stock of said company shall be thirty thousand dollars, to be divided inio twelve hundred glares of twenty-five dollars cach.

Sec. 4. The directors of said company may commute with any of

the stockholders thereof for any instalments upon their stock, by sluckholu're allowing them instead of paying their subscription in money, to take

contracts, on giving satisfactory security for the fulbllment of the same, by furnishing any part of the materials, or executing any part of the construction of said road.

Sec. 5. This act shall be and remain in force for the term of sixty ycars from and after its passage; but the Legislature may at any time

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alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years from the passage of this act, unless it shall be made to appear to the Legislature that there has been a violation by the company of some of the provisions of this act: Provided, That Provise.. after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses, shall exceed ten per cent. on the capital stock invested.

Sec. 6. Any person suffering damage from the insufficiency, mis- Nanuages: mangement or bad condition of said road, may recover the same ered. before any justice of the peace or other court having competent jurisdiction. Said company shall be subject to all general laws of this State now in force relative to plank roads, and the same are hereby made a part of this act. Sec. 7. Whenever said company shall fail to construct one-tenth

Suljerton of said road in any one year after its commencement, it shall be lawful for any other person or persous to subscribe the stock for such extension of one-tenth, and it shall be the duty of said company to open books and receive subscriptions to said stock. Whenever an amount sufficient for such extension shall be subscribed and paid in, Duty or secured to be paid in, said company shall proceed prompily with the construction of said portion of said road. Said last mentioned ers. subscribers shall, from the time of payment of their subscriptions, be deemed stockholders in the stock of the whole road.

Sec. 8. This act shall take effect and be in force from and after its passage.

Approved March 25, 1859.

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[ No. 151. ] AN ACT to provide for the laying out and establishing a State Road

from Lexington in Sanilac county, to Point Aux Barque in Huron county.

Section 1. Be it enacted by the Senate and House of Representutives state of of the State of Michigan, That Jarvis Hurd, Peter F. Brakman and James L. Smith, be and they are hereby authorized and appointed commissioners to lay out and establish a State road, commencing

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at a point near the village of Lexington, thence on the most eligible route to some point near Point Aux Barque, in Huron county.

Sec. 2. The commissioners named in this act shall file so much of the survey of said road as may be embraced in any township through which the same may pass, in the town clerk's office in said township, which survey shall be entered on record by the clerk of said township.

Sec. 3. The State shall not be chargeable for the laying out and establishing of said road, or for any expenses or damages whatever, connected therewith; and this act shall be void as to said road, unless the same shall be laid out, surveyed and recorded within two years from and after the passage of this act.

Sec. 4. It shall be the duty of the highway commissioners of the several townships through which the road to be established by this act may pass, to cause the same to be opened agreeable to the actual survey as ordered and established by said commissioners, in the same manner as is provided by law for the opening of other roads in the several townships of this state.

Sec. 5. This act shall take effect and be in force from and after its passige.

Approved March 25, 1350.

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Incorpora

[ No. 152. ] AN ACT to incorporate the Lawrence and St. Joseph Plank Road

Company. Section 1. Be it cnacted by the Senate and House of Representatives of the State of Michigan, That H. N. Phelps, John Andrew, Isaac N. Swain, John R. Haynes, Talman Wheeler, B. C. Hoyt, Henry Marlan and Gulsan Osgood, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Lawrence and St. Joseph Plank Road Company; and the subscribers thereto, with such other persons as they shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body politic and corporate, by the name and style of the Lawrence and St. Joseph Plank Road Company, with corporate succession.

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Sec. 2. Said company hereby created shall have the power to lay Kouse. out, establish and construct a plank road, and all necessary buildings, from such point in the township of Lawrence in the county of Van Buren, as the commissioners may determine, to St. Joseph in the township of St. Joseph in the county of Berrien. Sec. 3. The capital stock of said company shall be fifty thousand

Capital. dollars, in two thousand shares of twenty-five dollars each; and certificates of subscription to stock in said company shall be issued upon the payment of one dollar upon each share, under the direction of a majority of the commissioners.

Sec. 4. Any person suffering damage from the insufficiency, mis- Damagos management or bad condition of said road, may recover the same erec before any justice of the peace, or other court having competent jurisdiction Sec. 5. Said company shall construct and open for use at least Duty of

company. one-tenth of said road in each succeeding year from the time of its commencement; and whenever said company shall fail to extend the road as above required, it shall be lawful for any other person or persons to subscribe the stock for such extension, and it shall be the duty of said company to open books and receive subscriptions therefor; and whenever a sufficient amount for such extension shall be subscribed and paid in, or secured to be paid in, it shall be the duty of said company promptly to construct such extension of said road. The subscribers to the stock for such extension shall be deem- Stockholded to be stockholders in the stock of the whole road from the date of ere. the payment of their stock.

Sec. 6. This act shall be and remain in force for the term of sixty years from and after its passage; but the Legislature may at any charter, time alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years from the passage of this act, unless it be made to appear to the Legislature that there has been a violation by the company of some of the provisions of this act: Provi

Proviso ded, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses, sball exceed ten per cent. on the capital stock invested : Provided,

Proviso. There be no riolation of the charter of said company.

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