REPORT of the Michigan Southern Rail Road Company. To the Hon. the Secretary of State of Michigan: The Directors of the Michigan Southern Rail Road Company, in conformity with the thirteenth section of an act entitled "an act to authorize the sale of the Southern Rail Road and to incorporate the Michigan Southern Rail Road Company," submit the following by way of report to the Secretary of State: The company took possession of the Rail Road, under the act aforesaid, on the twenty-eighth day of December last, past. From that date to the first day of January, instant, the annexed paper, marked "A" shows the receipts and expenditures on the road during the period above stated. The amount of capital stock subscribed is five hundred thousand dollars, and the amount actually paid in is fifty thousand dollars. No loans having been made by the company-no dividends declared. The receipts from freight, from passengers, and from all other sources, on account of operating the road, appears on the annexed paper, marked "A," as does all the expenditures for the repairs of the road, engines and cars. are four engines on the road, fifty-five cars in order, ten freight cars broken, three passenger cars. The average number of men in the employ of the company during the time aforesaid, fortythree. There is due John F. Porter, acting commissioner, for a locomotive and cars, nine thousand dollars, in addition to the indebtedness of the company to the state, on the original purchase of the road. All of which is respectfully submitted. CHARLES NOBLE, State of Michigan, County of Monroe, ss: There Directors. Be it remembered, that on this twelfth day of January, A. D. 1847, Charles Noble and Samuel J. Holley, two of the directors of the Michigan Southern Rail Road Company, came before me, the undersigned, one of the justices of the peace within and for said county of Monroe, and made oath that the foregoing statement by them signed, by way of report to the Secretary of State, is true, according to their best knowledge and belief. ABNER MORTON, Jusstice of the Peace. STATEMENT MARKED "A." Receipts and Ependitures on the Michigan Southern Rail Road, from the 28th to the 31st December, 1846, inclusive: Number of through passengers, 8; number of way passengers, 129; miles run by freight and passenger trains, 544; average number of men employed, 43. January 1st, 1847. THOS, G. COLE, Supt. REPORT of the Erie and Kalamazoo Railroad Company. At a meeting of the directors of the Erie and Kalamazoo Railroad Company, held at the office of the secretary in Adrian, on the 19th day of January, A. D. 1847. Present-George Crane, President-Daniel K. Underwood, Langford G. Berry, Harvey Todd and Willard J. Daniels, Direc tors. On motion of L. G. Berry, the following preamble and resolution were unanimously adopted: Whereas, By an act of the legislature of the state of Michigan, entitled "an act in relation to the Erie and Kalamazoo Railroad Company," approved May 18, 1846, it was among other things enacted that "if said company shall within thirty days after this act shall become a law, signify their assent to the same in writing, and under their corporate seal, to be filed in the office of the Secretary of State, then in such case (but not otherwise) the liberties and franchises conferred by the said'original act of incorporation, except as herein provided, shall be deemed and held to be validly and legally in existence and not forfeited nor liable to forfeiture for any act or omission prior to the passage of this act." Therefore, Resolved, That the assent required to be given to the said act in and by the third section of said act and above recited, on the part of the said corporation, be and the same is hereby given; and that the president and secretary be authorized and required to execute an instrument under their hands and the seal of this company giving and signifying such assent, to be filed in the office of the scretary of state. I certify that the foregoing is a transcript from the journal of the Erie and Kalamazoo Railroad Company kept by me. [SEAL] Given under my hand and the seal of said company this 20th day of January, A. D. 1847. A. L. MILLERD, Secretary, In pursuance of the authority and direction contained in the oregoing resolution, we George Crane president, and Alfred L. Millerd secretary, of the Erie and Kalamazoo Railroad Company, do hereby in behalf of the aid corporation and as the act of the same, assent to the act of the Legislature entitled "an act in regard to the Erie and Kalamazoo Railroad Company," approved May 18, 1846. [SEAL] Given under our hands and the seal of said corporation this 20th day of January, A. D. 1847. A. L. MILLERD, Secretary. GEORGE CRANE, Pres't. ANNUAL REPORT of the State Treasurer. STATE TREASURER'S OFFICE, To the Legislature of the State of Michigan: The statements here with submitted show the receipts and disbursements to and from the treasury during the past fiscal year, the condition of the various funds, and the balance on hand at its close, November 30th, 1846, as exhibited by the books of this office. The balance in the treasury at the close of the fiscal in current bank bills and coin. The auditor general reports as outstanding $11,641 02 of general fund warrants; of this amount $5,371 99 were issued on account of “ Michigan State Bank Assets;" a part of them are payable in February, 1848, the balance in 1849; the warrants were drawn on interest. The deposite in the Phoenix Bank, N. Y., was received from the purchasers of the Central Rail Road, as a portion of the first instalment, and was remitted for the purpose of taking up the remaining coupons due in 1846 on certain state bonds named in the law, and provided for by the sale of the road. During the past fiscal year, $45,000 of State Scrip have been cancelled and burned; deducting the amount now in the treasury will leave $7,457 00 outstanding, a large portion of which is bearing interest and withdrawn from circulation. The company incorporated for the purchase of the Central rai road having duly organized under the law, and paid into the treasury the first instalment, were placed in possession of the road the 24th of September last. They have since made other payments, amounting in all to $1,634,489 78, leaving a balance of $365,510 22 1 still due the state. The different kinds of "state indebtedness" paid by the company, and the time of payment, is shown by the report of the auditor general. On the 22d of October last, the incorporators for the purchase of the Southern rail road paid $10,000 00 in internal improvement fund warrants into the treasury, being the first instalment; on the payment of the second instalment of $40,000 00, which becomes due the 23d inst., they will be entitled to possession of the road. The specific state tax of one-half of one per cent. on the capital stock of banks, has been promptly paid for the past year by all the banks now doing business in the state. Contracts have been made for doing the state printing and binding for the fiscal year 1847, at reduced prices from those of previous years. GEO. B. COOPER, State Treasurer. |