Sec. 4. This act shall take effect and be in force from and after its passage. Approved April 2, 1850. [ No. 272. ] AN ACT to amend section forty-two of chapter twelve, title three of the Revised Statutes. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That section forty-two of chapter twelve, title three of the revised statutes, be amended by inserting at the end of the sixth line of said section as printed, the words, "and one hundred copies for the use of the Regents of the University." Add to said section, also, "one hundred copies for the use of the officers making such report." Sec. 2. This act shall take effect and be in force from and after its passage. Approved April 2, 1850. [ No. 273. ] AN ACT to authorize Harriet J. Sergent, Caroline Beckwith and Authority Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Harriet J. Sergent, wife of Samuel to convey. Sergent, Caroline Beckwith, wife of William Beckwith, and Olive E. Carter, be and they are hereby authorized to sell and convey, by deed or deeds, all their right, title and interest, respectively, in and to the south part of north-west fractional quarter of section thirtytwo, and south part of east half of north-east fractional quarter of section thirty-one, all in township two south of range two east, containing one hundred and twenty-five acres, more or less; and such decd or deeds shall vest in the purchaser or purchasers of the same or any part thereof, as full, valid and perfect a title, in the law, to the lands so conveyed, as existed in the grantors, respectively, at the time of such conveyance: Provided, The judge of probate for the Proviso. invest pro county of Washtenaw shall endorse his approval upon any deed or deeds which may be given under the provisions of this act: And provided further, That the proceeds of any such sale or sales shall Guardian to be faithfully invested by the proper guardian of said Harriet, Caro ceeds. line and Olive, (who is hereby authorized to superintend any such sale or sales,) in a manner to accumulate for their benefit during their minority: And provided further, That the mode and manner of such investment shall also be submitted to and receive the approval of said judge of probate. Commissioners. Sit scriptions. Notice. Capit: 1. Sec. 2. This act shall take effect and be in force from and after its passage. Approved April 2, 1850. [ No. 274. ] AN ACT to incorporate the St. Joseph Rail Road Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Shubael Conant, Junius H. Hatch, Calvin Britain, Tolman Wheeler, Rodney C. Paine, Benjamin C. Hoyt, Jacob Compton, Thomas Fitzgerald, Warren Chapman, Jesse E. Stevens and Henry Morton, 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 St. Joseph Rail Road Company, hereby incorporated; and they may cause books to be opened at such times and places as they shall direct, for the purpose of securing subscriptions to the capital stock of said company, first giving thirty days' notice of the times and places of taking such subscriptions in some newspaper printed in the city of Detroit and in the village of Niles. Sec. 2. The capital stock of said company shall be five hundred thousand dollars, in five thousand shares of one hundred dollars each; and as soon as two hundred shares of said stock shall be subscribed, the subscribers thereto, with such other persons as shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body politic, by the name and Incorpora style of the St. Joseph Rail Road Company, with perpetual succession; and by that name shall be capable in law of purchasing, hold tion. powers. ing, selling, leasing and conveying estate, either real, personal or General mixed, so far as the same may be necessary for the purposes hereinafter mentioned, and no further; and in their corporate name may sue and be sued; may have a common seal which they may alter and renew at pleasure; and shall have, enjoy and may exercise all the powers, rights and privileges which appertain to corporate bodies for the purposes mentioned in this act. Sec. 3. Said company hereby created shall have power to construct a rail road with a double or single track from the village of St. Joseph in the county of Berrien, on the most direct and eligible route to some point on the Michigan Central Rail Road track in the county of Berrien, Cass or Van Buren, with power to take, transport and carry property and persons upon the said rail road or any part thereof herein authorized to be constructed, by the power and force of steam, or of animals, or of any mechanical or other power, or of combination of them which the said company may choose to any apply. Sec. 4. If said corporation shall not, within five years after the passage of this act, commence the construction of the said road, and shall not, within ten years after the passage of this act, construct, finish and put in operation the whole of said rail road, then the rights, privileges and powers of the said corporation shall be null and void, so far as it regards such part of said rail road as shall not be finished within the periods limited by this act. Route. Limitation ing. Sec. 5. Whenever two hundred shares of the capital stock shall first meethave been subscribed, if within four years from the passage of this act, the commissioners shall call a meeting of the subscribers at such time and place as they may appoint, by giving thirty days' public notice of such meeting, and shall lay the books of subscriptions before the subscribers then present; and thereupon the said stockholders, or a majority of them, shall elect seven directors by ballot, a majority of whom shall be competent to manage the affairs of said company; directors. and all of whom shall be stockholders in said company; and said directors are empowered to elect one of their number president; and on all occasions when a vote of the stockholders is to be taken, each and every share shall entitle the holder thereof to one vote, either by himself in person or by proxy. Election of Vote. Annual c lection. Special meetings. President to furnish statement of affairs of co. Removal of officers. Sec. 6. To continue the succession of president and directors of said company, seven directors shall be chosen annually, on the first Monday in October, at such place as may be appointed by the directors; and if any vacancy shall occur by death, resignation or otherwise, of any president or director, before the year for which he was elected shall have expired, such vacancy, for the remainder of the year, may be filled by the directors of said company, or a majority of them. The president and directors of said company shall hold their office until a new election of president and directors. All elections which are by this act, or by the by-laws of the company, to be made on any particular day, may be made at any time within sixty days thereafter, notice of such meeting being given as prescribed in the preceding section. Sec. 7. A general meeting of the stockholders of said company shall be held annually, at the time and place appointed for the election of president and directors; and a meeting may be called at any time during the interval between the said annual meetings, by the president and directors, or by the stockholders owning not less than one-fourth of the whole stock subscribed, by giving thirty days' public notice of the time and place of meeting; and when any such meeting is called by the stockholders, the particular object of such call shall be stated; and if, at the meeting thus ealled, stockholders owning a majority of stock subscribed, are not present in person or by proxy, such meeting shall be adjourned from day to day, not exceeding three days without transacting any business; and if, within said three days, stockholders having a majority of such stock do not attend such meeting in person or by proxy, then the said meeting shall be dissolved. Sec. 8. At each annual meeting of the stockholders of said comit shall be the duty of the president and directors in office for pany, the preceding year, to exhibit a clear and distinct statement of the affairs of said company; and at any meeting of the stockholders, a majority of those present in person or by proxy may require similar statements from the president and directors, whose duty it shall be to furnish them when thus required; and at all general meetings of the stockholders, those holding a majority of the stock subscribed may remove from office any president, or any of the directors of sait company, and elect others in their stead: Provided, Notice of such intended removal has been given as hereinbefore provided. tion and re officers. Sec. 9. The said president and directors, or a majority of them, compensashall have power to appoint, contract with and determine the com- neval of pensation of all such officers, engineers, agents and servants whatsoever, as they may deem necessary for the transaction of the business of the company, and remove them at pleasure; and the said president and directors, or a majority of them, shall have power to determine the manner and evidence of the transfers of the stock in said company; and they shall have power to pass all the by-laws By-laws. which may be necessary for carrying into execution all the powers. vested in the company hereby incorporated: Provided, Such by-laws Proviso. shall not be contrary to the constitution or laws of the United States, nor of this State: And provided further, That nothing in this act contained shall extend or be construed to authorize the said company to carry on the business of banking, brokerage, dealing in produce, or any other business, except what properly belongs to a railroad and transportation company, as hereinafter provided. But the said company shall have power and authority to build, own, hire and use in the navigation of the lakes and rivers and waters connecting the same, one or more boats or vessels, not exceeding five in number; for the purpose of transporting persons and property to and from May own the ports upon said waters, and to receive such remuneration therefor as may seem just and proper, and to exercise all the powers in relation to the management of such boats and vessels as an individual might lawfully do. or hire boats. road. Sec. 10. For the purpose of constructing said rail road or way, said company shall have authority and power to lay out, designate and establish their road, in width not exceeding one hundred feet width of through the entire line thereof, and may take, have and appropriate to their use all such lands so designated for the line or construction of said road; and for the purpose of cuttings and embankments, and for the obtaining of stone, sand and gravel, may take and appropri- May approate as much more of land as may be necessary for the proper con- rials for struction and security of said road, and for constructing shops, depots tion. and other proper, suitable and convenient fixtures, in connection with and as appurtenances to the said rail road; may take, have, use and occupy any lands on either side of said rail road, not ex priate mate construc |