SECTION 7. That no street, lane, or road, shall ever be laid out through Exempt from the lands so occupied as a cemetery except under the authority of the taxation. corporation, and that the same shall be exempt from taxation. Certain election SECTION 8. That the election for justice of the peace held in the borough of Womelsdorff, in the county of Berks, on the twenty-first peace, held in for justice of the day of March, in the present year, be, and the same is hereby declared Womelsdorf, valid, and the Governor is hereby directed to issue a commission as in Berks county, other cases. made valid. SECTION 9. That so much of the ninth section of an act passed the Wm. B. Leas, eighth day of April, one thousand eight hundred and fifty, entitled relative to es"An Act regulating election districts, and relating to the election of tate of. supervisors and borough officers" as are contained in the following words, to wit: "and that the real estate of William B. Leas in Shirley township be, and the same is hereby included within the limits of said borough," be, and the same is hereby repealed. Deeds defec SECTION 10. That all the deeds and conveyances in due forms for lands within this State which purport to have been executed and actively acknow. knowledged or proved without the limits of this State, and which have ledged out of the been recorded in any county of this State in which any part of the State for lands, lands conveyed lie for a period of thirty years previous to the passage relating to, of this act, notwithstanding such deeds and conveyances shall not have been acknowledged or proved at the time they may have respectively recorded according to the requirements of the then existing laws of this Commonwealth in relation to the recording of deeds, shall be received and admitted in evidence in like manner and with like effect as if the same had been duly acknowledged or proved at the time of their being respectively executed, or previous to their being recorded. SECTION 10 That the act approved February, one thousand eight Repeal of a hundred and fifty, authorizing the opening of Mulberry alley to form a certain act relastreet in the borough of Monongahela city, be, and the same is hereby ting to a street in Monongahela repealed. JOHN CESSNA, Speaker of the House of Representatives. BENJAMIN MATTHIAS, Speaker of the Senate. APPROVED-The fifteenth day of April, A. D., eighteen hundred and city. fifty-one. WM. F. JOHNSTON. No. 355. AN ACT To incorporate the Kensington Dock Company, relative to the collection of taxes in Bern township, Berks county, and to the district of West Philadelphia, 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 Jacob K. Vaughan, Robert Lynn, Theodore Birely, Thomas T. Vaughan, Commissioners. Jacob Teese, William Cramp, Joseph Albertson, Eli Garrison, Andrew Style. Object. Capital stock. Commissioners Manderson, Samuel K. Gillingham, David Davis, Mathew Van Dusen, junior, Samuel Vaughan, William Seibert, Abraham P. Eyre, Peter Rambo, and William Deal, all of the city or county of Philadelphia, or a majority of them, be, and they are hereby appointed commissioners to open books, receive subscriptions, and organize a company in the manner hereinafter provided, by the name, style, and title, of "The Kensington Dock Company," for the purpose of constructing and providing one or more dry docks or wet docks or other conveniences and structures for raising vessels and steamers of every description at the port of Philadelphia, in the county of Philadelphia, State of Pennsyl vania. SECTION 2. That all persons who may subscribe for and to the stock hereinafter mentioned, shall be, and they are hereby created a body politic and corporate in fact and in law, by the name and style of "The Kensington Dock Company," and by said name they and their successors shall and may have perpetual succession, and shall be in law capable of sueing and being sued, pleading and being impleaded, in all courts and judicatories whatsoever, and also of contracting and being contracted with; and they and their successors may have a common seal, and shall be capable of purchasing, holding, conveying, leasing, er hiring such lands, tenements, and hereditaments, as may be necessary and convenient to carry into effect the objects of the said company, or such as shall be bona fide mortgaged or conveyed to it in satisfaction of debts previously contracted in the course of its dealings, or pur chased at sales upon judgments where such purchase may be necessary to secure any debt due to the said corporation. SECTION 3. That the corporation hereby created is so created for the purpose of accommodating the merchantile marine of the port of Philadelphia, with a sectional floating dry dock or docks with or without a permanent basin or platform, level bed-ways, sliding-ways, and houseslips, upon such plan and in such method and mode as the said corpora tion may deem it expedient to adopt. SECTION 4. That the capital stock of the said company shall be one hundred thousand dollars, which shall be divided into one thousand shares of one hundred dollars each; and it shall be lawful for the said corporation to increase their capital stock to an extent not exceeding two hundred thousand dollars, such increasement also to be divided into shares of one hundred dollars each, which increase of stock may be declared and take place whenever the holders of two-thirds of the stock shall deem it expedient so to do. SECTION 5. That the commissioners named in the first section of this to open books. act, or a majority of them, shall as soon as conveniently may be after the passage of this act, proceed to open books for receiving subscriptions to the capital stock of said corporation in the city or county of Philadelphia, giving at least twenty days' notice in two of the daily newspapers of the city of Philadelphia, of the time and place when and where the said books will be opened, at which time and place two or Who may sub- more of the said commissioners shall attend and permit and suffer all persons of lawful age who shall offer to subscribe in such books in their own names or in the names of any other persons who shall authorize them to subscribe for any number of shares of said stock, and the said How long books books shall be kept open for the purpose aforesaid at least six hours in to be kept open. every juridical day for the space of five days, unless the subscription shall be filled up in less than five days; and if at the expiration of said five days the books aforesaid shall not have the said number of shares scribe. May adjourn. authorized as aforesaid therein subscribed, the commissioners present to make a cash payment at the time of subscribing of five dollars on $5 on each share SECTION 6. That the management and control of the said the Kensington Dock Company shall be vested in nine directors to be chosen Directors. in manner following, to wit: The commissioners aforesaid, or a majority of them, shall as soon as fifty thousand dollars are subscribed to the said stock, give twenty days' notice to the subscribers to the said stock in two daily newspapers published in the city of Philadelphia, of the time and place (which time and place shall be named by the said commissioners, or a majority of them,) when and where the said stockholders shall assemble to organize said corporation and to elect nine directors; at which time and place the said subscribers shall proceed to organize Organization. said corporation and shall choose by a majority of the votes of said subscribers to the stock by ballot, such votes to be delivered in person or by proxy duly authorized, nine directors to continue in office for one year from the day on which they shall be so elected and until successors shall be elected to supersede them; and such process of election shall be continued on the same day in each succeeding year thereafter, unless such day should fall upon a Sunday, in which case the election shall be held on the Saturday preceding. And the said stockholders may also at such meeting so to be called as aforesaid, and at every subsequent meeting, make such by-laws, orders, and regulations not inconsistent with the Constitution and laws of the United States and of this Commonwealth, as shall be necessary for the proper management of the affairs of said corporation, by which by-laws they shall also prescribe the powers and duties of the said board of directors, and also the powers and duties of the officers whom it is hereinafter provided shall be appointed by the board of directors: Provided always, That each stock- Proviso. holder shall be entitled to one vote both in the election of officers and on the questions which may be moved at said meeting of stockholders for each and every share of stock held by him: And provided also, Annual election. That no stockholder shall be entitled to vote at any election or meeting Who may vote. held by the said stockholders unless the whole sum due and payable on the share or shares by him or her held at the time of such election or meeting shall have been paid. SECTION 7. The board of directors shall at their first meeting pro- Officers. ceed to appoint a president, treasurer, and secretary, to continue in office for one year from the time of their respective appointments; and annually thereafter a like appointment shall be made. And the said board Place of meet ing. Certificates of stock. Directors, powers of. stalments. shall also regulate the compensation which said officers shall respectively receive. SECTION 8. That the place of every meeting of said stockholders after the first meeting shall be fixed by the by-laws to be adopted or enacted by said meeting of stockholders, which by-laws shall also provide for other meetings of stockholders beside the stated meetings a aforesaid, and by whom such special meetings shall be called, and what shall be the terms of notice of such special meetings; and said stockholders at such stated or special meetings shall have full power and authority to make, alter, or repeal by a majority of votes, all such bylaws, rules, orders, and regulations made as aforesaid, and to do ani perform any other corporate act. SECTION 9. That the president and directors of said company first chosen shall procure certificates or evidences of stock for all the shares of the capital stock of said company, and shall deliver one or more of such certificates or evidences signed by the president countersigned by the treasurer and sealed with the corporate seal of the said corporation. to each person or persons entitled to receive the same according to the number of shares by him, her, or them respectively subscribed or held; that such certificates or evidences of stock shall be transferable at the pleasure of the holder in a suitable book or books to be kept by the company for that purpose, in person or by attorney duly authorized, in the presence of the president or treasurer, subject, however, to all pay. ments due or to become due thereon: Provided, That no certificate shall be transferred so long as the holder thereof is indebted to said company, unless the board of directors shall consent thereto. SECTION 10. That the president of said corporation shall preside at the meetings of the board of directors when he shall be present, and any five of the directors shall constitute a quorum competent to transact business; and said president shall have a casting vote when there shall be an equal division of the board of directors upon any question that may come before them. The said board of directors shall have power to determine on the plan, form, manner, and description of the dry dock or docks and other structures contemplated to be built, purchased, constructed, or provided by the said company, and to make all and every contract and purchase of estate, real and personal, necessary and proper or expedient to attain the end and objects for which this corporation is created; and upon the completion of the said dock or docks, structure or structures, or when the same or any part thereof have so far advanced as to be capable of any use or employment, to regulate the use and employment thereof, and the rates of compensation which the corporation may ask or demand for the use of their dry dock, et cetera, and to employ all necessary agents and officers in and about the same. Penalty for neSECTION 11. If any stockholder, whether original subscriber or glect to pay in- assignee, shall after twenty days' notice of the time and place appointed for the payment of any part or instalment of the purchase or subscription price due by him for the said capital stock, shall neglect to pay the same for the space of thirty days after the time appointed for payment thereof, such stockholder shall in addition to the instalment so called for pay at the rate of one per cent. per month for every delay of such payment; and if the said instalment in arrear and the penalty so imposed on such delinquency shall at any time be equal to the sums previously paid by such stockholder on his said stock, then the said stock and all payments previously made thereon by the said stockholder shall be forfeited to the said company, and may be sold by them for such price as may be obtained therefor; or in default of the payment of any instalment as aforesaid the said corporation may at their option cause suit to be brought against such delinquent stockholder for the arrears due on such stock, together with the penalty so imposed as aforesaid for the detention of the same. SECTION 12. That the company hereby incorporated shall not engage Not to engage in directly nor indirectly in banking nor in any manufacturing or other banking. business whatsoever, except such as they are by this act expressly authorized to engage in; nor shall this act be so construed as to grant to the said company any exclusive privilege to exercise the rights and powers herein confessed. SECTION 13. That the provisions of the seventh section of an act enti- Collection of tled "An Act authorizing the sale of certain real estate, and relative taxes in Burn to the collection of taxes in certain townships in Monroe, Berks, and township, Berks Lancaster counties, and certain school districts in Butler, Franklin, county, to be given to highest Mifflin, Indiana, and Schuylkill counties," approved the tenth day of bidder. April, one thousand eight hundred and forty-eight, be, and the same are hereby extended to the township of Burn, in the county of Berks. SECTION 14. That it shall be lawful for the commissioners of the Relative to mar district of West Philadelphia, in the county of Philadelphia, to nomi- shall of police, nate to the marshal of police the number of candidates for policeman Philadelphia. required by existing regulations of the board of police; and the policeman appointed by said marshal from said nominations shall serve to the thirty first day of December, one thousand eight hundred and fifty-one, inclusive, if they so long behave themselves well. JOHN CESSNA, Speaker of the House of Representatives. BENJAMIN MATTHIAS, Speaker of the Senate. APPROVED-The fifteenth day of April, A. D., one thousand eight hundred and fifty-one. WM. F. JOHNSTON. No. 356. AN ACT Supplementary to the act incorporating the Williamsport and Elmira Railroad 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 Williamsport and Elmira Railroad Company is hereby authorized to locate and construct their railroad from Ralston northward by such points, courses, and directions as they may think proper, and to make the northern terminus of their said railroad at such point on the line of the State of New York, west of the village of Barton, as to them may be deemed expedient: Provided, That all the rights, privileges, and franchises guarantied to said company, and also all the liabilities |