SCHUYLKILL COUNTY-SUPPLEMENT AND EXTENDING ACT (4). AN ACT to extend to the county of Schuylkill the provisions of an act entitled "An act to enable joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth to manage and develop the same." SEC. 1. Be it enacted, etc.: That from and after the passage of this act, the provisions of the act of the 21st day of April, 1854, and the supplements thereto, entitled "An act to enable joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth to manage and develop the same," shall be and the same are hereby extended to the county of Schuylkill. DEATH OF JOINT TENANT-SURVIVORS AND ADMINISTRATORS MAY JOIN-SUPPLEMENT (5). LAWS 1858, P. 213. APRIL 7, 1858. A FURTHER SUPPLEMENT to the act to encourage the manufacture of iron with coke or mineral coal, and for other purposes, passed June 16, 1836. SEC. 1. Be it enacted, etc.: That when any number of persons, citizens of the United States, tenants in common of any real estate within this Commonwealth, shall be associated for the purpose of manufacturing iron from the raw material, and any of such tenants in common shall die, it shall be lawful for the survivors and the executors or administrators of such deceased cotenant to join in making the application provided for in the act to which this is a supplement, and in the supplement thereto, passed April 13, 1838, and to do all things necessary to carry the same into effect; and the same proceedings shall take place thereon as directed by the said act and its several supplements. SEC. 2. The provisions of the act of June 29, 1852, supplementary to said act of June 16, 1836, are hereby extended to all companies now, or that may hereafter be incorporated under the provisions of the said act, and its supplements; and every charter of incorporation granted, or to be granted, shall be deemed and taken to be the subject of the legislature, to alter, revoke, or annul the same, whenever, in their opinion, it may be injurious to the citizens of the Commonwealth; in such manner, however, that no injustice shall be done to the corporators. The NOTE-This act is not in terms a supplement to the act of April 21, 1854. original act of June 16, 1836, of which it purports to be an amendment, was an act to encourage the manufacture of iron with coke and mineral coal, but had nothing to do with mining. The act of April 13, 1838 (Laws 1837-38, p. 379), only provides for the payment of stock in property in corporations for the manufacture of iron with coke or mineral coal. This supplement is inserted here because it authorizes tenants in common to develop mineral lands. LIMITING LIABILITIES LAWS 1860, P. 880. SUPPLEMENT (6). MARCH 30, 1860. A SUPPLEMENT to an act to enable joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth to manage and develop the same. SEC. 1. Be it enacted, etc.: That in order the better to limit and restrict the amount of liabilities to the actual capital of all companies formed under the act to enable joint tenants, tenants in common and adjoining owners of mineral lands, in this Commonwealth to manage and develop the same, approved the 21st day of April, 1854, and to provide for the protection of both the creditors and stockholders thereof, the total amount of the debts and liabilities (other than its capital 125672°-2016 stock) of any such company shall never exceed the amount of its capital actually paid in; and if any debts or liabilities shall be contracted exceeding the said amount, the directors and officers contracting the same, or assenting thereto, shall be jointly and severally liable, in their individual capacities, for the whole amount of such excess, and the same may be recovered by action of debt as in other cases. CONVEYANCE OF DECEASED TENANT'S INTEREST-SUPPLE LAWS 1860, P. 577. MENT (7). APRIL 2, 1860. A FURTHER SUPPLEMENT to the several acts of assembly providing for the incorpor ation of manufacturing and improvement companies within this Commonwealth. SEC. 1. Be it enacted, etc.: That the provisions of the act, entitled "A further supplement to the act to encourage the manufacture of iron with coke or mineral coal, et cetera," passed the 7th day of April, A. D., 1858, be and the same are hereby extended to all companies incorporated in pursuance of the act to encourage manufacturing operations within this Commonwealth, passed the 7th day of April. A. D., 1849, and the several supplements thereto, and of the act to enable joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth to manage and develop the same, passed the 21st day of April, A. D., 1854; and to all companies incorporated by or under any law of this Commonwealth for the improvement and development of any coal or mineral lands held by tenants in common thereof; and the executors or administrators of any deceased tenant in common of said lands, may, and they are hereby authorized to convey the undivided estate and interest of such decedent therein to such company, receiving therefor so much stock in such company as the said decedent would have been entitled to receive in his life time, to be held in the same manner as the lands. OIL LANDS-SUPPLEMENT AND EXTENDING ACT (8). LAWS 1861, P. 438. MAY 1, 1861. A SUPPLEMENT to the act to enable joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth to develop the same. SEC. 1. Be it enacted, etc.: That the provisions of an act to enable joint tenants, tenants in common. and adjoining owners of mineral lands in this Commonwealth to develop the same, passed the 21st day of April, 1854, and the supplements thereto, be and the same are hereby extended to mining for carbon oils, manufacturing, refining and selling, or conveying the same to market. MANAGEMENT AND DEVELOPMENT-SUPPLEMENT (9). LAWS 1863, P. 679. JULY 22, 1863. A FURTHER SUPPLEMENT to an act to enable joint tenants, and tenants in common. and adjoining owners of mineral lands in this Commonwealth to manage and develop the same. SEC. 1. Be it enacted, etc. : That any company which may hereafter be incorporated under the provisions of the act to which this is a supplement for the purpose of mining or Improving mineral lands in this Commonwealth, may divide the land authorized to be held by them into such number of shares not exceeding two hundred thousand and of such value not less than five dollars per share, as shall in each particular be designated in the certificate in writing required to be signed and acknowledged by the provisions of the act to which this is a supplement. SEC. 2. That any corporation, association, or company not incorporated under the laws of this State may acquire, hold and convey not exceeding three hundred acres of land in this Commonwealth for mining purposes. See p. 245.) (Repealed. MANAGEMENT AND DEVELOPMENT-SUPPLEMENT (10). LAWS 1864, P. 938. JUNE 4, 1864. A FURTHER SUPPLEMENT to an act to enable joint tenants, tenants in common and adjoining owners of mineral 'ands in this Commonwealth to manage, and develop the same, approved the 21st day of April, 1854. SEC. 1. Be it enacted, etc.: That it shall be lawful for any company, duly incorporated, under the provisions of an act to enable joint tenants, tenants in common and adjoining owners of mineral lands in this Commonwealth, to manage and develop the same, approved the 21st day of April, A. D. 1854, and of the several supplements thereto, to acquire, hold and convey, for the purposes therein mentioned, other real and personal estate than that described in its certificate of association: Provided, The land, so held, shall not exceed the quantity limited in said act, or the supplements thereto. SEC. 2. That the act to which this is a supplement, and the several supplements thereto, be and the same are hereby extended to the county of Northumberland; and that all laws, or parts of laws, inconsistent herewith, be and the same are hereby repealed. LANDS AS CAPITAL STOCK-SUPPLEMENT (11). A FURTHER SUPPLEMENT to an act to enable joint tenants, and tenants in common. and adjoining owners of mineral lands in this Commonwealth, to manage and develop the same. SEC. 1. Be it enacted, etc.: That any company, which may hereafter be incorporated under the provisions of the act, to which this is a supplement, for the purpose of mining, or improving mineral lands, in this Commonwealth, may divide the land, authorized to be held by them, into such number of shares, not exceeding two hundred thousand, and of such value, not less than five dollars per share, as shall in each particular be designated, in the certificate in writing, required to be signed and acknowledged by the provisions of the act, to which this is a supple ment. SEC. 2. That any corporation, association, or company, not incorporated under the laws of this State, may acquire, hold and convey, not exceeding three hundred acres of land in this Commonwealth, for mining purposes, DIRECTORS AUTHORIZED TO SELL-SUPPLEMENT (12). LAWS 1865, P. 34. MARCH 27, 1865. A FURTHER SUPPLEMENT to an act to enable joint tenants, tenants in common, and adjoining owners of mineral lands, in this Commonwealth, to manage and develop the same, approved the 21st day of April, A. D. 1854, authorizing directors to convey real estate, stockholders to direct how proceeds shall be applied, prescribing the number of directors, and providing for the extension of charters of companies formed under said act, defining the nature of the mining and landed interests, and the manner of acquiring title, for the correction of errors and omissions in organization, defining the number and value of shares, providing for an increase of capital stock, and taxation, and for the meeting of stockholders and directors, in certain cases. SEC. 1. Be it enacted, etc.: That the directors of any company, incorporated under the act to which this is a supplement, shall have the power to sell, and convey, any part, or the whole, of any real estate belonging to said company. SEC. 4. The provisions of the act, to which this is a supplement, and the various supplements thereto, shall apply to lands held under grant, in perpetuity of the mining privilege therein, as well as to lands held in fee simple, or under lease, and to adjoining owners, as well as to joint owners, and whether the legal and equitable estates be joint, or severed, în said owners. ANNOTATIONS. DEVELOPMENT OF MINERAL LANDS. INCORPORATION-OWNERSHIP WITHOUT CONVEYANCE. This amendatory act was only an expression of the true intent and meaning of the original statute, and was intended to dissipate any doubt which might exist as to the effect of the incorporation of a company under the original statute, and that such a company immediately became the owner of all land without a formal conveyance. Stockwell v. McHenry, 32 Pittsburgh Legal Journal (N. S.) 121, p. 123. GENERAL AND SPECIAL STOCK-DIVIDEND-SUPPLEMENT (13). LAWS 1866, P. 93. MARCH 31, 1866. A FURTHER SUPPLEMENT to an act, entitled "An act to enable Joint tenants, tenants in common, and adjoining owners of mineral lands, in this Commonwealth to manage and develop the same," approved April 21, 1854, authorizing the issue of preferred stock. SEC. 1. Be it enacted, etc. : That every company, heretofore or hereafter, incorporated, under the provisions of the act of April 21, 1854, and the various supplements thereto, may, by a vote of three-fourths of the general stockholders, at a meeting, duly called for the purpose, issue two kinds of stock, namely, general stock and special stock; the special stock shall, at no time, exceed one-half of the stock of the corpora tion, and shall be subject to redemption, at par, after a fixed time, to be stated in the certificates; holders of such special stock shall be entitled to receive, and the corporation shall be bound to pay thereon, a fixed or half-yearly sum or dividend, to be expressed in the certificates, not exceeding four per centum, and they shall, in no event, be liable for the debts of the corporation, beyond their stock. TRUST LANDS FREE FROM DOWER-SUPPLEMENT (14). LAWS 1869, P. 1278. JULY 5, 1869. A FURTHER SUPPLEMENT to an act approved the 21st day of April, 1854, entitled “An act to enable joint tenants, tenants in common and adjoining owners of mineral lands In this Commonwealth to manage and develop the same," construing the nature, interest and title acquired by corporations organized under said act, regulating dower in real estate in such cases. SEC. 1. Be it enacted, etc.: That it shall be deemed and taken to be the true intent and meaning of the act to which this is a further supplement, that in all cases where the legal title to the lands, leasehold or other interests mentioned and described in the certificate in writing required by the first section of said act, have been, are or shall be held in the name of one or more persons, for the benefit or in trust for himself or selves, or conjointly with others, the right, title and interest of such person or persons in whose name the same were or are held, shall be deemed to vest in the company therein named, freed and discharged from all claim or right of dower without any further conveyance or assignment, as fully as though the same had been or are held in joint tenancy in fee simple or by absolute ownership. PROVISIONS EXTENDED TO OIL COMPANIES SUPPLEMENT (15). LAWS 1871, P. 265. MAY 8, 1871. AN ACT relating to companies incorporated under the general mining laws of this Commonwealth. NOTE-The provisions of the act of April 21. 1854, are by virtue of this act extended to oil companies. (See p. 239.) REPEALING SECTION 2 (16). LAWS 1865, P. 82. MARCH 23, 1865. AN ACT to repeal the second section of an act, entitled "A further supplement to an act to enable Joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth to manage and develop the same." SEC. 1. Be it enacted, etc.: That the provisions of the second section of an act, entitled "A further supplement to an act to enable joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth, to manage and develop the same," approved July 22, 1863, are hereby repealed: Provided, That nothing contained In this act shall impair any rights or privileges heretofore acquired by said foreign corporations, under existing laws. LAWS 1872, P. 87. REPEALING SECTION 6 (17) APRIL 3, 1872. AN ACT repealing the sixth section of an act entitled "An act to enable joint tenants, tenants in common, and adjoining owners of mineral lands in this Commonwealth to manage and develop the same," approved the 21st day of April, 1854. NOTE-This act repeals sec. 6 of the original act. See page 289. |