shall at all times be elected by the private stockholders; and, if at any time corporations shall be entitled under this provision to more than five directors, then the number of directors to which such corporations may be entitled shall be reduced in such manner as shall be determined upon by the directors in office. holders. SECTION 2. That the president and directors of said company shall Payment of inhave the power, if it shall be deemed expedient to exercise the same, terest to stockto contract to pay to the stockholders in said company, at such times as said president and directors or a majority of them shall designate, interest at the rate of six per centum per annum on all shares or instalments paid on the shares of said stock, till the said railroad shall be completed; and the profits or earnings of the said railroad within the same time shall be credited to the cost of construction, and all interest paid shall be charged to the cost of construction: Provided, That Proviso. interest shall not be paid on any shares of stock upon which any instalment which has been duly called for remains unpaid: Provided, further, That the stock of said company shall not be subject to any tax in consequence of the payment of the interest hereby authorized, nor until the net earnings shall realize at least six per centum per annum upon the capital invested. Proviso. SECTION 3. That for the purpose of enabling said company to extend, Power to borrow complete, and equip their railroad, or a branch railroad, from the main money. line thereof to the New York State line, at any point east of Bradford county as hereby authorized, said company in addition to the powers and privileges heretofore granted, shall have power and authority to borrow such sum of money as may be deemed necessary to carry into effect the intent and meaning of this section, subject to all the provisions and restrictions not inconsistent herewith of the act incorporating said company, approved the eighth day of April, A. D., one thousand eight hundred and fifty-two. SECTION 4. That so much of any act of Assembly as is altered or Repeal. W. P. SCHELL, THO. CARSON, Speaker of the Senate. APPROVED-The twenty-fifth day of January, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. Corporation. Style. Privileges. Proviso. Corporators. Officers. Officers, how chosen. Appropriation of funds. No. 21. AN ACT To incorporate the Centreville Perseverance company of Bristol township, Bucks county, for the recovery of stolen horses and other property, and the detection of thieves. SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the Centreville Perseverance company of Bristol township, in Bucks county, for the recovery of stolen horses and other property, and detection of thieves, is hereby erected into a body politic and corporate in deed and in law, by the name, style, and title of "the Centreville Perseverance company of Bristol township, in Bucks county, for the recovery of stolen horses and detection of thieves," and by the same name shall have perpetual succession, and be able to sue and be sued in all the courts of Pennsylvania, and elsewhere; and shall be able to purchase, receive, have, hold, and enjoy, to them and their successors, lands, tenements, hereditaments, rents, annuities, franchises, goods and chattels, of what nature, quality, or kind soever, real, personal, or mixed, or choses in action; and shall have power the same, from time to time, to sell, grant, alien, and dispose of: Provided, That the clear yearly income of the lands and tenements, goods and chattels, shall not exceed three thousand dollars; and, also, to ordain, establish, and put in execution such subordinate laws and regulations as shall appear necessary and convenient for the government of said corporation, not being contrary to the Constitution of the United States, or of this Commonwealth, and generally to do, all and singular, such matters and things which to them it shall lawfully appertain to do for the wellbeing of the said corporation and the proper management of its affairs. SECTION 2. That this society shall consist of John B. Brown, Joshua F. Hills, Henry Stackhouse, Jesse S. Stackouse, Joseph White, and all such persons as are now members thereof, or shall hereafter be admitted as such, agreeably to the by-laws of said society. SECTION 3. That the officers of this society shall consist of a president, secretary, and treasurer, and such others as the society may think proper to elect; the duties of said officers shall be particularly set forth in the by-laws of said society. SECTION 4. That the officers shall be chosen by ballot at a general meeting of the said society, on the first Monday in January in each and every year, at such places as a majority'at a preceding annual meeting may direct, and to continue in office for one year or until their successors be elected. SECTION 5. That the funds of the society shall be exclusively appropriated to the payment of rewards offered for, and the expenses incurred in the recovery of stolen horses and detection of thieves, defraying the necessary costs attending the meetings of the society. SECTION 6. That the Legislature reserves the right to alter, amend, Reservation. or annul the charter at any time hereafter. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, APPROVED-The twenty-sixth day of January, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. No. 22. AN ACT Relative to the safe-keeping of prisoners in the county of Lebanon. WHEREAS, The present jail, in the county of Lebanon, is insufficient for the safe keeping of prisoners; therefore, SECTION 1. Be it enacted by the Senate and House of Representatires of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the sheriff of Lebanon county is hereby authorized, if he shall deem it necessary for the safe keeping of prisoners, to lodge them in the jail of Dauphin county; the jailor whereof is hereby directed to receive such prisoners into his custody, and there to keep until demanded by the sheriff of Lebanon county; and all expenses so incurred shall be paid by an erder drawn by the commissioners of Lebanon county in favor of the county of Dauphin. W. P. SCHELL, THO. CARSON, Speaker of the Senate APPROVED-The twenty-sixth day of January, A. D., one thousand sight hundred and fifty-three. WM. BIGLER. No. 23. AN ACT Relating to the Chambersburg and Hagerstown railroad company. SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the Chambersburg and Hagerstown railroad company be, and the same is hereby authorized to issue and sell to the best advantage, the bonds of the said company, to an amount not exceeding five hundred thousand dollars, and bearing an interest of not more than seven per cent. per annum, for the purpose of re-laying, improving, extending, and maintaing their railroad and its appurtenances, and to secure the said bonds by a mortgage on their said road and appurtenances, and the chartered rights and privileges of the said corporation: Provided, That no bond shall be issued by virtue of this act of a less denomination than one hundred dollars. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The twenty-eighth day of January, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. No. 24. AN ACT Relative to supervisors in Blythe township, Schuylkill county. 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 from and after the passage of this act the qualified electors of Blythe township, in the county of Schuylkill, shall elect but one supervisor instead of two, and that he shall give bond with security to the auditors of said township, in the name and for the use of said township, for the faithful performance of his duties, and the said supervisor shall after having given at least ten days' notice, by putting up not less than ten written or printed advertisements, in as many public places in different parts of said township, give out by public out-cry to the lowest and best bidder, the making of the public roads in said township; payment to be made to the contractor or contractors as the road taxes shall from time to time be collected: Provided, That the supervisor shall, and hereby is required to visit and inspect the making and repairing of the public roads in said township, at least three times during every month, and be fully satisfied before payment be made that the contractors have fully complied with his or their contracts, for which services so rendered the said supervisors shall receive a compensation not exceeding fifty dollars, to be determined by the auditors of said. township. APPROVED The twenty-ninth day of January, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. No. 25. AN ACT In relation to the Allentown Academy. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly we, and it is hereby enacted by the authority of the same, That the trustees of the Allentown academy are hereby authorized and empowered to apply the unexpended balance of the academy fund to the payment of the debts due by the institution, and to such enlargement and improvement of the academy edifice as in their opinion may be necessary and proper: Provided, That no contract or engagement with any principal of said academy shall be valid, unless it stipulates for the annual payment by him to the treasurer thereof, of a sum of money not exceeding the legal interest of the amount which may be expended under and by virtue of this enactment, for the enlargement of said academy building: And provided also, That all laws now in force requiring the gratuitous instruction of pupils in said academy be, and the same are hereby repealed. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The twenty-ninth day of January, A. D., one thousand eight hundred and fifty-three. WM. BIGLER. |