2,000 dollars granted to said academy. How to be paid. And appropria ted, Poor children to be taught gratis. Proviso. The trustees to counts to the au County. ficient sureties, conditioned for the performance of the duties enjoined and the repayment of monies received by him. SECT. V. And be it further enacted by the authority aforesaid, That the sum of two thousand dollars be, and the same is hereby granted by the state for the use of said academy, to be paid to the treasurer of said institution by the commissioners of Mercer county, out of a loan of money granted to them from the state for the use of the county by an act of the general assembly, passed the tenth day of March, one thousand eight hundred and ten, on the orders of the aforesaid trustees, or any five of them, and the receipt of the said trustees shall be received by the state treasurer in part payment of said loan, at any time after the passing of this act, and the money so appropriated shall under the direction of the trustees herein before mentioned, be applied one half thereof in the erection of a building or buildings suitable for the accommodation of the institution, and the purchasing of books, mathematical instruments, and the necessary philosophical apparatus, and the remaining half shall be placed in some productive fund or funds, and the income thereof shall be forever applied in aid of other revenues to compensate a teacher or teachers in said academy; and there shall be admitted into said academy, in consequence of the aforesaid appropriation, any number of poor children that may at any time be offered in order to be taught gratis; Provided, That the number so admitted and taught shall at no time be greater than five, and that none of the said children so admitted shall continue in said academy to be taught gratis, should others apply, longer than two years. SECT. VI. And be it further enacted by the authority aforesaid, exhibit their ac. That the said trustees under the penalty of forty dollars each, ditors of Mercer to be recovered for the use of said incorporation as debts to that amount are by law recoverable, shall annually exhibit all their books, accounts and vouchers of every kind, to the auditors of said county of Mercer, to be settled, adjusted and published in the same manner as the accounts of the county commissioners are by law directed to be settled, adjusted and published. JOHN WEBER, Speaker of the House of Representatives. P. C. LANE, Speaker of the Senate. APPROVED the thirtieth day of March, one thousand eight hundred and eleven. SIMON SNYDER. CHAPTER CV. An ACT to enable the governor to incorporate a company for making an artificial road beginning at the intersection of Vine and tenth streets, Philadelphia; and thence to Perkiomen bridge in the county of Montgomery. cured by. SECT. I. BE it enacted by the Senate and House of Represen- Commissioners tatives of the commonwealth of Pennsylvania, in General Assembly named, met, and it is hereby enacted by the authority of the same, That General Francis Swain, James Sharswood, Henry Nixon, Joseph Starne, Matthias Harrison, Francis Deal, John H. Duy, John Marclay, Alexander Crawford, Nathan Levering, jun. and Levi Pawling, be, and they are hereby appointed commis Books to be prosioners to do and perform the several things hereinafter mentioned, that is to say; they shall on or before the first day of June next, procure two or more books and in each of them enter as Entry therein. follows, "We whose names are hereunto subscribed do promise to pay to the president and managers of the Ridge turnpike company, the sum of fifty dollars for every share of stock in the said company set opposite to our respective names, in such manner and proportions, and at such times as shall be determined by the board of managers of the said company in pursuance of an act of the general assembly, entitled, “An act to enable the governor to incorporate a company for making an artificial road, beginning at the intersection of Vine and tenth streets, in Philadelphia, thence through Norristown to the Perkioming bridge in Montgomery county." Witness our hands the day of Notice to be giv and place for opening the pub en of the time lic books. scribe. in the year of our Lord, one thousand eight hundred and And shall thereupon give notice in such of the public newspapers as they shall think proper respectively for four weeks at least, of the time and place when and where the said books shall be open to receive subscriptions for the stock of the said company; at which respective times and places one or more of the said commissioners shall attend and permit and suffer all persons of lawful age who shall offer to subscribe in Who may subthe said books in their own names, or in the name or names of any other persons who shall duly authorize the same, for any number of shares in the said stock; and the said books shall Books to be kept open for six be kept open respectively for the purpose aforesaid, at least day. six hours in every juridical day, for the space of six days; and if at the end of six days as aforesaid the said subscription shall not amount to one thousand five hundred shares, the said commissioners may adjourn from time to time until the said may adjourn. books so opened shall have one thousand five hundred shares therein subscribed; of which adjournments the commission- Notice of ad ers aforesaid shall give such public notice as the occasion may be given. require and when the whole number of shares subscribed in all the said books shall amount to one thousand five hundred, the same shall be closed; Provided always, That every per Commissioners journment to be Five dollars on each share to be ing. son offering to subscribe in the said books in his own name or paid at subscrib- in any other name, shall previously pay to the attending com missioners the sum of five dollars for every share to be subscribed, out of which shall be defrayed the expenses attending the taking such subscription and other incidental charges, and the remainder shall be paid over to the treasurer of the corporation as soon as the same shall be organized and the officers chosen as hereinafter mentioned. When the com missioners may of shares, to the certify the sales governor, the subscribers. SECT. II. And be it further enacted by the authority aforesaid, That when forty persons or more shall have subscribed six hundred or more shares of the said stock, the said commissioners respectively may, or when the whole number of shares aforesaid shall be subscribed, they shall certify under their hands and seals the names of the subscribers and the number of shares subscribed by each, to the governor; and who shall there. thereupon it shall and may be lawful for the governor upon incorporate by letters patent under his hand and the seal of the state, to create and erect the subscribers, and if the said subscription be not full at the time, then also those who shall afterwards subscribe, to the number aforesaid, into one body politic and corporate, in deed and in law, by the name, style, and title of, "The Ridge turnpike company," and by the said name the said subscribers shall have perpetual succession and all the privileges and franchises incident to a corporation, and shall be capable of taking and holding their same capital stock and the increase and profits thereof and of enlarging the same from time to time by new subscriptions in such manner and forms as they shall think proper if such enlargement shall be found necessary to fulfil the intent of this act, and of purchasing, taking, and holding to them and their successors and assigns, and of selling, transferring, and conveying in fee simple or of any lesser estate, all such lands, tenements, hereditaments and estate, real and personal, as shall be necessary to them in the prosecution of their works, and of suing and of being sued, and of doing all and every other matter and thing which a corporation or body politic may lawfully do. Style of the cor- Notice to be giv zation of company. SECT. III. And be it further enacted by the authority aforeen of the organi- said, That the commissioners aforesaid as soon as conveniently may be after the said letters patent shall be sealed and obtained, shall give notice in two public newspapers printed in the city of Philadelphia, in two at Norristown, and in one at Reading, if they think it necessary, of the time and place by them to be appointed, not less than twenty days from the publication of the first notice; at which time and place the said subscribers shall procced to organize the said corporation, and How and what shall choose by a majority of votes of the said subscribers, by ballot to be delivered in person or by proxy duly authorized, one president, twelve managers, one treasurer, and such other officers as they shall think necessary to conduct the business of the said company for one year, and until other such officers officers are to be chosen. No person to shall be chosen; and shall and may make such by-laws, rules, orders and regulations, not inconsistent with the constitution and laws of the United States or of this State; as shall be necessary for the well ordering the affairs of the said company; Provided always, That no person shall have more than five have more than votes at any election, or in determining any question arising 5 votes, &c. at such meeting, whatever number of shares he or she may be entitled to, and that each person shall be entitled to one vote for every share by him or her held under the said number. ings of the com SECT. IV. And be it further enacted by the authority aforesaid, When the meet. That the said company shall meet on the first Monday in Ja- pany shall be nuary, next following their organization, and on the first held. Monday in January in every year thereafter, at such place as shall be fixed by their by-laws for the purpose of choosing officers as aforesaid for the ensuing year in manner aforesaid, and at such other times as they shall be summoned by the managers, in such manner and form as shall be prescribed by their by-laws, at which annual or special meetings they shall have full power and authority to make, alter or repeal May make, alter by a majority of votes in manner aforesaid, all such by-laws, rules, orders, and regulations as aforesaid, and to do and perform any other corporate acts. livered. SECT. V. And be it further enacted by the authority aforesaid, Certificates of That the president and managers first to be chosen as afore- stock to be desaid, shall procure certificates to be written or printed for the shares of the stock of said company, and shall deliver one such certificate signed by the president and countersigned by the treasurer, and sealed with the common seal of the said corporation, to each person for every share by him or her subscribed and held, he or she paying to the treasurer in part of the sum due thereupon, the sum of ten dollars for each share; 10 dollars to be which certificate shall be transferrable at his, her, or their paid on each pleasure in person or by attorney duly authorized, in presence very. of the president or treasurer, subject however to all payments be transferrable. due and to become due thereon; and the assignee holding any certificate having first caused the assignment to be entered in a book of the company to be kept for the snall purpose, be a member of the corporation, and for every share by him or her held, shall be entitled to one share of the capital stock, and of all the estates and emoluments of the company, and to vote as aforesaid at the meetings thereof. share, on deli Certificates to Assignment to be entered, &c. officers. Seven to be a SECT. VI. And be it further enacted by the authority afore- Meetings of the said, That the said president and managers shall meet at such times and places and be convened in such manner as shall be ordained by the by-laws of the said company for transacting their business; and when met seven members shall form a quorum. quorum, who, in the absence of the president, may choose a the absence of May proceed in chairman, and shall keep minutes of all their transactions fair- the resident. ly entered in a book; and a quorum being formed, they or a kept. Y Minutes to be May appoint sur veyors, artists &e. Penalty on ne majority of them shall have full power and authority to agree with and appoint all such surveyors, superintendants, art sts and officers, as they shall judge necessary to carry on the intended work, and to fix their salaries or wages; to ascertain the times when, and the manner and proportions in which the stockholders shall pay the money due on their respective shares in order to carry on the work; to draw orders on the treasurer for all monies necessary to pay the salaries or wages of persons by them employed, and for the labour done and materials provided in the prosecution of the works, which orders shall be entered or registered in their book of minutes, and shall be signed by the president, or in his absence by a majority of a quorum, and countersigned by their secretary; and generally to do all such acts, matters and things, as by the laws, rules, orders, and regulations of the company, shall be committed to them. SECT. VII. And be it further enacted by the authority aforeglect or refusal said, That if any stockholder whether original subscriber or to pay instal ments. assignee, after thirty days notice given in two or more public newspapers printed at Philadelphia, one printed at Norristown and one at Reading; of the time and place appointed for the payment of any proportion or instalment of the said capital stock in order to carry on the work, shall neglect to pay such proportion at the time and place appointed, and for the space of sixty days after the time appointed for the payment thereof, every stockholder shall in addition to the instalment so called for, pay at the rate of five per centum per month for every delay of such payment which may take place from and alter the expiration of the said sixty days; and if the same and the said additional penalty shall remain unpaid for such space of time as that the accumulated penalty shall become equal to the sums before paid in part and on account of such share, the same shall be forfeited by and to the said company, and may be sold by them to any person or persons willing to purchase, for such price as can be obtained therefor; and no suit shall be brought for the remainder of the money on said shares No delinquent subscribed; Provided, That no stockholder, whether an orivote at elections. ginal subscriber or assignee, shall be entitled to vote at any election or at any general or special meeting of the said company unless the whole sum due and payable as aforesaid on the share or shares by him held at the time of such election or general or special meeting of the said company shall have been fully paid and discharged as aforesaid. stockholder to Route of the road. SECT. 8. And be it further enacted by the authority aforesaid, That the route or track of the said road shall be laid out as near as may be consistent with economy and utility, along over and upon the bed of the present road leading from the intersection of Vine and tenth streets, in the city of Philadelphia, to Wissahiccon creek; thence to Barren hill; thence to |