SEC. 2. Said commissioners shall be entitled to such Compensation compensation for their services from the counties through which the road may run, as the board of supervisors of the said counties may allow; Provided, That no com- Proviso. SEC. 3. This act shall take effect and be in force from and after its passage. Approved February 24, 1857. Chapter 88. An Act to legalize the election of officers for the village of Neenah, and their subsequent proceedings, and to provide for the collection of taxes therein. The people of the State of Wisconsin, represented in SECTION 1. The election held at Weeden's Hotel, in Election of ofthe village of Neenah, on the first Monday of April, A. ficers declared D. 1856, to elect officers for said village, is hereby legal- valid. ized, and the officers elected thereat are hereby declared duly elected, and all their proceedings subsequent there to are hereby ratified and made valid. Provisos. SEC. 2. It shall be lawful for the board of trustees of May levy taxes said village, after the passage of this act, to proceed to levy and collect such general and special tax as they may have determined to raise for the year 1856, and said tax shall be collected in all respects, except as to time, according to the provisions of chapter 52 of the revised statutes and the amendments thereto, approved March 28, 1856; Provided, That the warrant to be delivered to the marshal, as mentioned in section 45 of said chapter, shall be made returnable in thirty days instead of sixty; And provided, also, That the notice to be given by said marshal, according to section 48 of said chapter, shall be a notice of twenty days, instead of two months; And provided further, That in case the tax upon any lot or other parcel of land shall remain unpaid on the first day of April, 1857, the treasurer of said village shall proceed to the collection thereof as prescribed in said chapter 52, in case such tax shall remain unpaid on the first day of October. SEC. 3. Section two of this act shall apply to the collection of the tax only of 1856. SEC. 4. This act shall take effect immediately after its passage. Approved February 24, 1857. Amendment Chapter 89. An Act to amend an act entitled "An Act to incorporate the Mercantile The people of the State of Wisconsin, represented in SECTION 1. Section 4 of an act entitled "An Act to to section 4, re- incorporate the Mercantile Insurance Company," passed lative to open- March 31, 1856, is hereby amended so as to read as ing of books. follows: The said directors shall cause books to be opened at such time and place as they may designate, to receive subscriptions to the capital stock of said company, under the direction of some one or more of them, or under the direction of such person or persons as they may designate, giving at least ten days' notice of such time and place, by publication in a newspaper printed in the city of Milwaukee; and shall require ten dollars on each share of stock subscribed, to be paid at the time of subscribing. Amendment directors. SEC. 2. Section 5 of said act is hereby amended so to sec. 5, clos- as to read as follows: As soon as ten hundred shares ing of books and election of of the capital stock of said company shall be subscribed, and ten dollars on each share actually paid in, and the remainder of said unpaid stock secured by mortgage on unincumbered real estate, equal thereto in value, or by pledge of State Stocks, or in such other manner as the directors shall approve, the books of subscription shall be closed and no more subscriptions received until after the election of directors by the stockholders; and the directors shall immediately give at least ten days' notice for an election of five directors, by publication in some newspaper printed in the city of Milwaukee. The directors of said company shall in all cases be stockholders, and at every election of Elections. directors, and all other meetings of stockholders, all votes may be in person or by proxy, and every stockholder shall be entitled to one vote for every share of stock held by him; and in all elections of directors the election shall be by ballot, and those stockholders, equal to the number of directors to be elected, having the greatest number of votes, shall be deemed and declared duly elected. The elections shall be conducted in such manner as the directors shall by resolution or by-laws prescribe. If for any cause an election of directors should not be had at the time when by the provisions of this act it should be had, the same may be held at any other time, on ten days' notice being given as aforesaid, and until such election be held the directors of the preceding year shall continue to act, and the said company shall not forfeit or loose any of its privileges, franchises or immunities by reason of the irregularity or want of any such election. SEC. 3. This act shall take effect from and after its passage. Approved February 24, 1857. Chapter 90. An Act to vacate certain public highways, and a part of a certain street, The people of the State of Wisconsin, represented in SECTION 1. That so much of Grove street as lies Street vacated north of Fourth street, as laid down in the recorded plat of the village of Trempealeau, be and the same is hereby vacated. SEC. 2. That so much of all public highways in the Highways vavillage of Trempealeau, or in any of the recorded ad- cated. ditions thereto, as do not conform to the streets in said village, be and the same are hereby vacated, and the board of supervisors of the town of Trempealeau are hereby authorized to make such changes in any state roads in said town as may be necessary to have them enter the most convenient streets in said village. SEC. 3. This act shall be in force from and after its passage. Approved February 24, 1857. Corporators. Style, ers. Chapter 91. An Act to incorporate the St. Croix Manufacturing and Improvement The people of the State of Wisconsin, represented in SECTION 1. That Samuel C. Edes, William J. Brownson, Charles N. Bodfish, Allan Dawson, C. St. John Chubb, Thomas McSpedon, Charles N. Baker, their associates and assigns, are hereby constituted a body corporate and politic by the name and title of the St. Croix Manufacturing and Improvement Company, by which name said company shall ever be known, and by such name shall be capable in law and equity of Corporate pow contracting and being contracted with, suing and being sued, pleading and being impleaded, answering and being answered, prosecuting and defending, in all courts and places, and in all manner of actions and cases whatsoever, and may use and have a common seal and the same break and alter at their pleasure, and may purchase and hold and convey, lease, sell, grant, or in any manner dispose of estate, real, personal and mixed, for the use and benefit of said corporation, and generally may do and perform all and singular the acts and matters which to any corporation may lawfully appertain to do and perform, for the well being or advantage of said corporation. Capital stock. SEO. 2. The capital stock of said corporation shall be three hundred thousand dollars, and shall be divided into shares of one hundred dollars each, and the above Openingbooks named persons, or a majority of them, are hereby authorized to cause books to be opened for receiving sub etc. scriptions to the capital stock of said corporation, and shall prescribe the form of subscription, which books shall be opened at such time or times or place or places as they may deem expedient; and so soon as six hundred shares shall be subscribed for, and five per cent. of the amount thereof actually paid in, the said corporation shall be authorized to proceed to a full and complete organization of said company; and the said corporation shall have power to increase the capital stock to an amount not to exceed one million dollars in the whole, by a vote of the majority of the board of directors at any regular meeting thereof. SEC. 3. The affairs and property of said corporation Management shall be managed and conducted by a board of five di- and quorum. rectors, who shall be stockholders in said corporation, a majority of whom shall form a quorum for the transaction of business, who shall be elected annually, after the present year, by the stockholders, at such time and place and under such regulations as shall be prescribed by the by-laws or adopted by resolution of the board of directors; and it shall be the duty of the secretary of Annual meetsaid corporation to notify the stockholders'of said com- ing and elecpany of the time and place of holding such annual meeting, in such manner as shall be prescribed by the by-laws of said corporation; and at all elections, each stockholder shall be entitled to cast one vote for each share of stock held by him in said corporation, and may cast the same in person or by proxy duly authorized. tions. SEC. 4. The first board of directors shall be elected Election of the by the subscribers to said capital stock, whenever six first directors. hundred shares shall have been subscribed for and five per cent. thereon shall have been paid in, or as soon thereafter as said subscribers shall deem expedient, and the term of office of said first board of directors shall continue until the first annual meeting of said stockholders, and until their successors shall be elected as aforesaid; and if, for any cause, an election shall not be held at the regular time prescribed as aforesaid, the same may be held at any other time, upon notice being given in such manner as shall be directed by the bylaws of said company, and this charter shall not be impaired or vacated by reason of any irregularity or want of any such election; and in case of any vacancy happening in the board of directors, by the death or resignation of any director, such vacancy shall be filled by To fill vacancy |