No. 105. A SUPPLEMENT To an act entitled "An Act to incorporate the Summit coal company." SECTION 1. Be it enacted by the Senate and House of Representa tives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That on the application of the plaintiff, in any judgment which has been obtained in either of the courts of common pleas of Luzerne or Carbon counties, against the Summit coal company, either one or both of said courts shall, with the concurrence in writing of a majority in interest of the judg ment creditors of said corporation, award and direct a writ in the nature of a fieri facias to issue against said corporation, directed to the sheriff of the county, commanding him to levy on the railroad leading to the Beaver Meadow railroad constructed by the same, and it shall be the duty of the sheriff to hold an inquest in the manner usual in sales of real estate on execution, and if the jury of inquest shall find that the whole estate of the said corporation is insufficient for the payment of the debts of said corporation, it shall be the duty of the sheriff, upon the same writ or upon a writ of venditiona exponas, to sell the said railroad leading to the Beaver Meadow railroad constructed by the same, in the manner usual in the sales of real estate on execution, and upon the acknowledgment of the sheriff's deed, the purchaser or purchasers thereof, and such persons as may from time to time be associated with or hold under them, their heirs or assigns, shall forever hold said railroad leading to the Beaver Meadow railroad, with all the rights of way and privileges as to the collection of tolls connected with the same as were vested in said corporation. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The twenty-fourth day of February, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. No. 106. A SUPPLEMENT To an act entitled "An Act to incorporate the Pittsburg and Steubenville railroad company," passed the twenty-fourth day of March, Anno Domini, one thousand eight hundred and forty-nine. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the county of Allegheny, through its commissioners, shall be, and is bereby authorized upon the recommendation of one grand jury, to subscribe an amount not exceeding ten thousand shares to the capital stock of the Pittsburg and Steubenville railroad company, and they are hereby authorized to borrow money to pay therefor, and to make provision for the principal and interest of the money so borrowed, as in other cases of loans to said county, and no certificate of loan or bond shall be for a less sum than one hundred dollars, and shall bear an interest of six per cent. per annum, payable half yearly, for which coupons may be issued, and said certificates or bonds and coupons may be made payable and transferable at such times, manner and places as said commissioners may think expedient, and shall be received as cash, at par, by the said company in payment of the said subscription of stock, and the said county and any other cor!poration which has heretofore subscribed or may hereafter subscribe to the stock of said compay, shall and may, in lieu of voting for the officers of said company at the annual election, be entitled to name and appoint one director for every five thousand shares of stock held by such corporation, such director or directors to be in addition to those Dow authorized by law, and that said bonds or certificates of loan shall not be sold at less than the par value thereof. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The twenty-fourth day of February, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. No. 107. AN ACT To authorize a settlement with the Bank of the United States. › SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the State Treasurer be, and he is hereby authorized to receive the sum of one hundred and fifty thousand dollars, in full satisfaction of all claims of the Commonwealth of any kind and nature whatever against the bank of the United States, or any of the trustees to whom its assets may have been assigned in trust for the payment of debts, and to make and execute full acquittances and discharges therefor to the said bank and to the said trustees; and that before the said releases and acquittances shall be executed, the court of common pleas of the county of Philadelphia, shall order and direct what sum shall be paid for expenses incurred in the prosecution and collection of the claim of the Commonwealth, so that the said sum of one hundred and fifty thousand dollars shall be paid into the treasury free of all deductions and abatements whatever: Provided, That this act shall not take effect unless the said payment be made on or before the third Monday in March, one thousand eight hundred and fifty-three. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The twenty-sixth day of February, A. D., one thousand eight hundred and fifty-three. No. 108. WM. BIGLER. Certain bor AN ACT Authorizing the commissioners of Fayette county and the boroughs of Uniontown and Connellsville, in said county, and the boroughs of Mount Pleasant and Youngstown, in Westmoreland county, to subscribe to the capital stock of the Pennsylvania railroad company. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same. That the borough of Uniontown and the boroughs of Connellsville, in the oughs authoriz- county of Fayette, and the boroughs of Mount Pleasant and Youngsed to subscribe town, in Westmoreland county, are hereby authorized and empowered stock to Penn- to subscribe for shares in the capital stock of the Pennsylvania railroad, to be applied to the construction of the Uniontown branch, not sylvania rail road. exceeding two thousand shares each, and to borrow money to pay therefor, and to make provision for the payment of the principal and interest of the money so borrowed, by the assessment and collection of such taxes as may be necessary for that purpose, and also, as in other cases of loans to corporations; and no certificate of loan or bond shall be issued by said corporations for a less sum than one hundred dollars, and shall be transferable as shall be directed by said corporations respectively; and the certificates of loans or bonds to be issued by either of the said corporations for the purpose aforesaid, bearing a rate of interest not exceeding six per centum per annum, payable half yearly, may be received by said Pennsylvania railroad company in payment of instalments on shares subscribed by said corporations, in such terms as shall be agreed upon between said company and said corporations. SECTION 2. That the subscription of stock aforesaid shall be direc- Subscriptions ted by resolution passed by the corporate constituted authorities of said how directed. boroughs respectively, and said corporations may be represented at elections and other meetings of said railroad company by agents duly authorized by resolutions of the constituted authorities thereof. subscribe stock. SECTION 3. That the commissioners of the county of Fayette, or a Commissioners majority of them, be, and they are hereby authorized and empowered of Fayette co. to subscribe for shares in the capital stock of the Pennsylvania railroad authorized to company, to be applied to the construction of the Uniontown branch, not exceeding five thousand shares, in the name and behalf of said county, and to borrow money to pay therefor, and to make provision for the payment of the principal and interest of the money so borrowed, as in other cases of loans to corporations: Provided, That before any Proviso. such subscription is made, the amount thereof shall be fixed and determined by the grand jury of said county, and upon the report of suchgrand jury being filed, it shall be lawful for the county commissioners to carry the same into effect by making, in the name of the county, the subscription so directed by said grand inquest: Provided further, Proviso. That whenever bonds of the county are given in payment of subscription, the same shall not be sold by said railroad company at less than par value, and no bonds shall be in less amount than one hundred dollars: And provided further, That such bonds shall not be subject to Proviso. taxation until the clear, profits of the road shall amount to six per centum upon the cost thereof. SECTION 4. That the commissioners of said county, or a majority of Certificates of them, may issue certificates of loan or bonds in the name of said county, loan. redeemable in not less than ten nor more than twenty-five years, bearing a rate of interest not exceeding six per centum per annum, payable semi-annually, which shall be transferable as may be directed by said commissioners or a majority of them, and the said certificates of loan or bonds may be received in payment of instalments on shares of stock subscribed for said county, upon such terms as may be agreed upon by said company and the commissioners aforesaid, and the said county may be represented at elections and other meetings of said company by agents duly authorized and appointed by resolutions of the board of commissioners of said county. W. P. SCHELL, THO. CARSON, APPROVED-The first day of March, A. D., one thousand eight hun dred and fifty-three. WM. BIGLER. No. 109. A SUPPLEMENT To an act entitled "An Act to incorporate the Coal Ron improvement company," approved the eleventh day of March, Anno Domini, one thousand eight hundred and fifty-one. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the Coal Run improvement company be, and they are hereby authorized to construct a railroad from a point at or near the tract of land near the county line, in Northumberland county, known as the Peter Smith survey, and to connect the same with the railroad of the Catawissa railroad company, by such route as they shall deem most expedient under the provisions, and subject to all the rights, privileges, limitations and restrictions of the act of the nineteenth of February, one thousand eight hundred and forty-nine, entitled an act regulating railroad companies, and that said company may hold such lands in Columbia and Northumberland counties as they shall see proper: Provided, That the whole amount of land to be held and owned by said company shall not exceed the amount to which they are limited by the act to which this is a supplement. SECTION 2. That the corporate name of said company is hereby changed and made the Coal Run improvement and railroad company, and that said company shall be authorized to connect the eastern end of their said railroad with any other railroad at or near the same. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The second day of March, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. |