accounts, and other documents shall be produced at such meetings. Article 11. The managers shall be at liberty, at any time, to refuse deposits, and on giving one months notice Return of deto return such as have been made, with interest thereon, to posits. be calculated to that time, and no longer. Article 12. A report shall be annually prepared by three auditors, one to be appointed by the commissioners of the Annual pubNorthern Liberties, one by the commissioners of the district lication of report by audi of Kensington, and one by the commissioners of the district tors. of Spring Garden, who shall not be managers or officers of the corporation, and such report shall be published in one or more of the gazettes of the city of Philadelphia, and the managers shall annually transmit one copy of the said report to the Speaker of the Senate, and one copy to the Speaker of the House of Representatives; and it shall be the duty of the president of the society to forward to the Speaker of the House of Representatives, on or before the first Monday of January in each and every year, a statement under oath or Annual stateaffirmation of the president and treasurer, showing the whole ment of denumber of depositors on the books of the said society, on positors, &c. the first Monday of November preceding, and showing the Representanumber of depositors having sums in deposit not exceeding tives. ten dollars each, and how many depositors of from ten to twenty dollars, how many. of from twenty to fifty dollars, how many from fifty to one hundred dollars, how many from one hundred to two hundred dollars, how many from two to three hundred dollars, how many from three hundred to five hundred dollars, and how many of five hundred dollars and upwards. to House of Certain limits to amount of Article 13. The managers shall not receive deposits from any one person, to a greater amount than five hundred dollars in any one year; but should any part of said five hun- deposits. dred dollars be withdrawn, the managers may receive additional deposits not to exceed the aforesaid sum, and the amount of deposits received by the corporation shall at no time exceed five hundred thousand dollars. SECT. 3. And be it further enacted by the authority aforesaid, That no misnomer of said corporation in any deed, Misnomers testament or gift, grant, devise or other instrument, or con- guarded tract or conveyance, shall vitiate or defeat the same, if the against. said corporation shall be sufficiently described to ascertain the intent of the party or parties, to give, devise, bequeath, assure to or contract with the corporation hereby created, by the name aforesaid, nor shall any of the non uses of the said privileges hereby granted, create any forfeiture of the same, but the same may be exercised by the said corporation, not- Neglect and withstanding any failure to meet at any of the times ap- omission not pointed herein, or by the laws and ordinances of the said to occasion society, to hold their annual or other meetings for elections privileges. or subjects for considerations, the officers then in office shall forfeiture of Proviso. continue to hold and exercise their respective offices, until others shall be duly elected to succeed them, at some future meeting of the society which the said corporation is hereby authorized to hold for such purpose: And provided, That none of the managers or officers of the said corporation shall be authorized to borrow any money from the said instîtution. Article 14. Should any profits of the society remain, after Of the dispo- providing for the interest due to depositors, the current exsal of profits. penses, and sufficient to cover the doubtful debts and losses, the same may from time to time be communicated by the president and treasurer of the society, under the direction of the board of managers, to the president judge of the court of Quarter Sessions for the city and county of Philadelphia, who with the said managers shall apply the same to such benevolent and useful objects as they may deem best. Reservation SECT. 4. And be it further enacted by the authority aforesaid, That if at any time the said corporation shall misuse of right to re. or abuse any of the privileges granted by this act, or if it peal. shall appear that the said privileges are injurious to the citizens of this Commonwealth, the Legislature shall have power to revoke or annul them at any time they may deem the same expedient. Duration of act. society. Authority to SECT. 3. And be it further enacted by the authority aforesaid, That this act shall continue and be in force only for the term of twenty-five years. SECT. 6. And be it further enacted by the authority aforePhiladelphia said, That the managers of the Philadelphia Saving Fund Saving Fund Society be, and they are hereby authorized and permitted, from and after the passage of this act, to receive on deposit any sum or sums of money not exceeding four hundred thousand dollars in the aggregate, in addition to the amount here ofore authorized by law to be received, any thing in any act or acts of Assembly heretofore passed to the contrary notwithstanding. receive on deposit an ad. ditional am't. Authority SECT. 7. And be it further enacted by the authority afore said, That so much of the third fundamental article in the second section of the act for incorporating the said compagiven to compensate presi- ny, as declares that no emolument whatever shall be received dent for ser by the president of the said Philadelphia Saving Fund Society, be and the same is hereby repealed, and the said president shall and may, from and after the passing of this act, receive a compensation for his services, the amount whereof shall be fixed by the said managers. vices. SAM'L. ANDERSON, Speaker of the House of Representatives. Speaker of the Senate. APPROVED-The eighth day of April, A. D. one thousand eight hundred and thirty-three. GEO. WOLF. No. 117. AN ACT To enable the Governor to incorporate the Petersburg Turnpike Road SECT. 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 Robert Clark, Jacob Bishop, Frederick Barnet, Comm'rs. ap. Alexander Branyan, Valentine Hummel, John Johnston, Ste- pointed to phen Duncan, Cornelius Baskins, John Black, Gabriel Hiester, open books, John M'Cord, Doctor Jonas Ickes, Benjamin M'Intire, Jacob Lindlay, William Clark, Longstaff, John Bowman, George Singer, be and they are hereby appointed commisssioners to do and perform the several things hereinafter mentioned: that is to say, they shall on or before the first day of September next, procure one or more books, and enter therein as follows: We, whose names are hereunto Form of headsubscribed, promise to pay to the president, managers and ing to subcompany of the Petersburg turnpike road company, the sum scription. of twenty-five dollars for each and every share of stock set Shares $25. opposite to our respective names, in such manner and in such proportion, and at such times and places as shall be determined by the president and managers of said company, in pursuance of an act of the General Assembly, entitled "An act to enable the Governor to incorporate the Petersburg turnpike road company;" and shall thereupon give public notice in two public newspapers, one printed in the borough of Harrisburg, and the other published at Bloomfield in Perry county, four weeks at least, of the times and places, when and where the said books shall be opened to receive subscrip tions for the stock of said company, at which times and places some one of the said commissioners shall attend, and shall permit and suffer all persons of lawful age who shall offer to subscribe in said books, in their own names or in the name or names of any other person, if they be authorized so to do, for any number of shares in the said stock, and the Whole No. of said books may be kept open until the said books shall have shares 1000. one thousand shares of stock subscribed therein: Provided Proviso. always, That every person offering to subscribe in the said 50 cts. to be books, in his own name or in the name of any other person, paid upon shall, before he shall be permitted to subscribe, pay to the each share at attending commissioners the sum of fifty cents for each and scribing. every share of stock to be subscribed, out of which shall be defrayed the expenses attending the taking such subscriptions 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. time of sub. When 10 per- letters patent. Corporate style. SECT. 2. And be it further enacted by the authority aforesaid, That when ten or more persons have subscribed two hundred shares of said stock, the commissioners aforesaid, or a majority of them, shall certify under their hands and seals the names of the subscribers and the number of shares subscribed by each, to the Governor, and thereupon it shall and may be lawful for the Governor by letters patent, under his hand and seal of the state, to create and erect the subscribers into one body politic and corporate, in deed and in law, by the name, style and title of "The president and managers of the Petersburg turnpike road company," and by the said name the subscribers shall have perpetual succession, and all the privileges and franchises incident to a corporation, and shall be capable of taking and holding their said capital stock and the increase and profits thereof, and of enlarging the same from time to time, by new subscriptions, in such manner and form as they shall think proper, if such enlargement shall be found necessary to fulfil the intentions 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 for 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 being sued, and of doing all and every other matter and thing which a corporation or body politic may lawfully do: Provided, That nothing contained in this act, Company not shall be construed to authorize the said corporation to issue to have bank- notes in the nature of bank notes, or to endorse notes in their ing privile. corporate capacity, or to make discounts, or to receive de Privileges & liabilities. Proviso. ges. tion. posits after the manner of any bank or banks, and in case the said company shall at any time violate the provisions of this section, all and every their chartered privileges shal! cease and determine. SECT. 'S. And be it further enacted by the authority aforeOrganization said, That the said commissioners or a majority of them, as of corpora- soon as conveniently may be, after the said letters patent, shall be obtained, shall give notice in the newspapers in Perry county, of the time and place by then to be appointed, not less than ten days from the publication of the first notice, at which time and place the subscribers shall proceed to organize the said corporation, and shall elect by a majority of votes of the said subscribers, one president, twelve managers, one treasurer and such other officers as they shall think necessary to conduct the affairs of the said company, until the third Monday of December, then next ensuing, on which Annual elec- day and annually thereafter on said day, the said company shall hold their elections for officers, and the said company when so organized, shall have power to make such by-laws, rules and regulations not inconsistent with the constitution and laws of the United States, or of the constitution and Officers. tion. laws of this State, as shall be necessary for the well order. By-laws, ing the affairs of said company, and to procure for said seal, &c. company a common seal, and the same to break, alter or re new as often as the said company shall think proper: Pro- Proviso. vided, The said subscribers may vote by ballot, to be deliver- Each share ed in person or by proxy, duly authorized, but no person up to 10 enshall have more than ten votes, in his own right at any elec- titled to one tion for officers, or determining any question which may vote. arise at any meeting of the said company, 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 that number. SEOT. 4. And be it further enacted by the authority afore said, That it shall be lawful to and for the said president Right of enand managers, their superintendents, surveyors, artists and try upon chain bearers, to enter in and upon all and every the lands lands to loand tenements and enclosures in, through and over which the cate and for said turnpike road may be thought proper to pass, and ex- materials. amine the ground most proper for the purpose, as well as the materials in the vicinity that may be necessary in constructing the said road, and to survey, lay down, ascertain and mark such route, as follows, to wit: beginning at the west end of the Harrisburg bridge in Cumberland county, Route of road, and thence along the western side of the Susquehanna to a point at or near to the mouth of the Juniata river in Perry county; and the said company shall have like powers, authorities and privileges necessary for constructing, carrying on and completing the said turnpike road, and be subject to all ers, &c. of the duties, qualifications, restrictions, penalties, fines and co. similar to forfeitures, and be entitled to like tolls and profits in propor- those of Hartion to the distance, as are given and granted to the president, risburg and managers and company of the Harrisburg and Millerstown turnpike road. That the Harrisburg bridge company be and company. they are hereby authorized to subscribe to the stock of the Bridge co. said Petersburg turnpike company, for as many shares as the authorized to said company may deem expedient, any thing in the charter take stock. of the said company to the contrary notwithstanding. General pow. Millerstown Time allowed to commence SECT. 5. And be it further enacted by the authority aforesaid, That if the said company shall not commence the work on said road within three years after passing this act, or shall not within seven years thereafter complete the same accord- and complete ing to the true intent and meaning of this act, then the privi- work. leges and franchises hereby granted shall revert to the commonwealth. SAM'L. ANDERSON, Speaker of the House of Representatives. APPROVED-The eighth day of eighteen hundred and thirty-three. |