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charter.

Sec. 2. Said company hereby created shall have the power to lay

Route out, establish and construct a plank road, and all necessary buildings, from the village of Grand Haven in the county of Ottawa, to a point at or near the head of Black Lake, in the village of Holland in said county of Ottawa.

Sec. 3. The capital stock of said company shall be thirty thousand Capital. dollars, divided into one thousand two hundred shares, of twenfive dollars each.

Sec. 4. This act shall be and remain in force for the term of sixty Duration of years from and after its passage; but the Legislature may at any 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 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 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. 5. Said company shall be subject to all general laws of this General

provisions State now in force relative to plank roads, and the same are hereby made a part of this act: Provided further, that whenever said company shall have completed their road, or any five consecutive miles thereof, the directors thereof may erect toll-gates, and exact tolls from persons traveling on the road, for so much as may be completed.

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

Approved March 20, 1850.

[ No. 95. ] AN ACT to incorporate the Mud Street Plank Road Company.

Section 1. Be it enacted by the Senate and House of Representatives incorporan of the State of Michigan, That George Carson, Abner Wood and Daniel Goodell, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received

tion

Route

Charler.

to the capital stock of the Mud Street Plank Road Company; and the subscribers thereto, with such other persons as they shall asso- • ciate 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 Mud Street Plank Road Company, with corporate succession.

Sec. 2. Said coinpany hereby created shall have the power to lay: out, establish and construct a plank road, and all necessary buildings, from the commencement of said Mud Street on the 'National Turnpike, to that point where said Mud Street terminates on the Flat

Rock and Dearborn Road. (apital Sec. 3. The capital stock of said company shall be fifteen thousand

dollars, to be divided into six hundred shares of twenty-five dollars each, with the power to increase said capital stock to forty thousand

dollars, with a corresponding increase of the number of shares. Duration of

See. 4. 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 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 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 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 : Provided, There be no violation of the charter of said company.

Sec. 5. The provisions of an act entitled an act relative to plank provisions. roads, approved March thirteenth, eighteen hundred and forty-eight,

and all acts amendatory thereof, shall be and are made a part of this act.

Sec. 6. This act'shall take effect and be in force from and after ita. passage.

Approved March 20, 1850.

authorized

lands, &c

[ No. 96. ] AN ACT authorizing a connection between the Detroit and Pontiac

and Oakland and Ottawa Railroads, and for other purposes. Section 1. Be it enacted by the Senate and House of Representatives Extension of the State of Michigan, That the Detroit and Pontiac Railroad Company be and they are hereby authorized to extend said Railroad so as to connect with the Oakland and Ottawa Railroad, when constructed, thus forming a continuous line of railroad through the village of Pontiac.

Sec. 2. Said Detroit and Pontiae Railroad Company shall have au- Powers of thority, and they are hereby empowered to extend that portion of inay hoid the railroad within or without the limits of the city of Detroit to the Detroit river, and to purchase and to hold lands for depots and machine shops and fixtures; and said company shall have the same right and authority to contract for land for the track of said railroad so exunded or to be extended, and also to take the same by appraisal when the same cannot be obtained by contract, as was granted to said company in reference to other lands by the original charter of said company, approved March seventh, eighteen hundred and thirty-four; and in case said company shall at any time be in possession of any lands for any part of the track of said railroad, the title to which shall not be perfect in said company,

the same may

be obtained by appraisal or re-appraisal and payment therefor, in the manner prescribed in said original charter.

Sec. 3. For the purpose of the extension and connection contem- May negoti-. Dlated by the foregoing provisions, and to enable said company to reconstruct said railroad with a T rail, the president, directors and company of the Detroit and Pontiac Railroad are hereby authorized to sell or negotiate the bonds of the company, at a rate of interest not exceeding eight per cent., at such time and at such places, either within or without this State, and at such rate and for such prices as in. their opinion will best advance the interest of the company; and if such bonds are thus sold at a discount,that such sale shall be as valid in every respect as if they were sold at their par value. The capital stock of said company is hereby increased to two hundred thousand dollars, Capie is:ct, with power to further increase said capital' stock to five hundred thousand dollars; the stock to be divided into shares of fifty dollars each; and the company are hereby authorized to issue ita certificates:

Title: towy obtained.

ate bonds

increased

Proviso

for the same, and register the same upon the books of the said company: Provided, Said company shall issue no bonds for less than one hundred dollars.

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

Approved March 20, 1850.

authorized

&c,

[ No. 97. ] AN ACT for the relief of the heirs of James H. Welling. Aud. Gen't

Section 1. Be it enacted by the Senate and House of Representatives to cancel of the State of Michigan, That the Auditor General be and he is certificates,

hereby authorized to cancel the two certificates of purchase of primary school lands heretofore issued by the Commissioner of the State Land office to James H. Wellings, late of the county of Clinton, deceased, being numbers two thousand one hundred, (2100) and two thousand one hundred and eight, (2108,) upon their surrender for that purpose by Margaret Wellings, widow of the said James H. Wellings, deceased, and to issue a new certificate for the northwest quarter of the north-west quarter of section sixteen in township five north of range two west, to the heirs of James H. Wela lings; and the said auditor general is hereby further authorized and required to credit the heirs of James H. Wellings upon said new certificate, for all moneys paid as principal upon the certificates hereby authorized to be cancelled.

Sec. 2. This act shall take effect and be in force from and after its passage.

Approved March 20, 1850.

[ No. 98. ] AN ACT to repeal act No. 53 of the session laws of 1846, and for

other

purposes. Act repe al • Section 1. Be it enacted by the Senate anul House of Representatives

of the State of Michigan, That section 1 of an act to attach the south half of section 30, and sections 31, 32 and 33, of town eight north of range two west, in the county of Clinton, to the township

of Bingham in said counties, and for other purposes, of the session laws of A. D. 1846, be and the same is hereby repealed.

Sec. 2. That the south half of section 30, and sections 31, 32 and 33, of township eight north of range two west, in the county of Clinton, be and the same is bereby re-annexed to the township of Greenbush in said county.

Sec. 3. This act shall take effect and be in force from and after its passage.

Approved March 20, 1850.

real estate

[ No. 99. ] AN ACT to authorize Julia H. Spencer and Jeanette A. Spencer

to convey certain real estate. Section 1. Be it enacted by the Senate and House of Representotives

Conveyance of the Slale of Michigan, That Julia H. Spencer and Jeanette A. of certain Spencer be and they are hereby authorized to sell and convey by aulliorized. deed or deeds, all their right, title and interest, respectively, in and to the east half of the north-west quarter, and the north-east quarter of the south-west fractional quarter of section thirty, and the north-west quarter of the north-east quarter of section thirty, all in lowoship three south of range seven east, containing one hundred and sixty acres, more or less; and such deed or deeds shall vest in the purchaser or purceasers 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 county of Washtenaw shall proviso. endorse his approval upon any deed or deeds which may be given ander the provisions of this act: And proviiled further, That the proceeds of any such sale or sales shall be faithfully invested by the proper guardian of said Julia H. Spencer and Jeneatte A. Spencer, (who is hereby authorized to superintend any such sale or sales,) in 3 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.

Sec. 2. This act shall take effect and be in force from and after its passage.

Approved March 20, 1850,

Proviso.

Proviso.

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