land, West Goshen, Willistown, East Whiteland, East Pikeland, Londonderry, East Nottingham and Sadsberry, in the said county of Chester. SECTION 5. That from and after the passage of this act, the Washington volunteer company, called the Washington Cavalry, of the cavalry and Penn'a rifle county of Northampton, and the volunteer company called the rangers Nor- Pennsylvania Rifle Rangers, in said county, shall be exempted thampton co from parading or drilling with any regiment or battalion of exempt from militia, except at the discretion of said companies: Provided, parading with That the said companies shall meet and drill the proper number of days required by law, in their company capacity: And provided further, That in all elections and calls into actual service, the said companies shall nevertheless be considered as attached to the regiments to which they now respectively belong. militia WM. A. CRABB, Speaker of the House of Representatives. Speaker, of the Senate. DAVID R. PORTER. APPROVED-This nineteenth day of March, one thousand eight hundred and forty-one. Corporators. Name. [No. 44.] AN ACT To incorporate the Diamond Coal Company, and for other purposes. SECTION 1. Be it enected by the Senate and House of Rep resentatives of the Commonwealth of Pennsylvania in Gen. eral Assembly met, and it is hereby enacted by the authority of the same, That William A. Budd, Thomas A. Budd, Thomas Bell, Adam Shoemaker, Edward L. Taylor, George Warder, associates, successors and assigns, be and they are hereby constituted a body politic and corporate, by the name, style, and title of the Diamond Coal company, and the said company shall possess and enjoy all the powers, privileges and immunities, and be subject to the terms, resirictions, and conditioned in an act entitled an act to incorporate the Sugar Loaf Coal company, passed the second day of April, A. D. one thousand eight hundred and thirty-eight. Provided, That the land of said company shall not exceed two thousand acres, Land limited and shall all lie in Sugar Loaf and Hanover townships in the where located county of Luzerne and Lausanne township in the county of Powers and privileges Proviso. Northampton, and that the capital stock of said company shall not exceed two hundred and fifty thousand dollars. And provi- Capital stock. ded further, That said company shall make an annual return on the oath of the president or secretary of said company of the amount of dividends, and they shall pay into the state treasury a tax of eight per cent on all dividends when they shall Dividends to declare dividends exceeding six per cent per aunum. pay tax. Easton ex empt from SECTION 2. That from and after the passage of this act, the Democratic volunteer company of the borough of Easton, in the county of artillery of Northampton, called "The Democratic Artillery," now attached to the ninety-seventh regiment, shall be exempt from training with parading or drilling with any regiment or battalion of militia, militia. except at the discretion of said company: Provided, That the Proviso. said company shall meet and drill the proper number of days required by law in their company capacity: And provided further, That in all elections and calls into actual service, the said company shall nevertheless be considered as attached to the said ninety-seventh regiment. And the said company are hereby authorized to elect, and the Governor to commission a 3d lieutenant. third Lieutenant in said company. WM. A. CRABB, Speaker of the House of Representatives. JN. H. EWING, Speaker of the Senate. APPROVED-The nineteenth day of March, one thousand eight hundred and forty-one. DAVID R. PORTER. [No. 45.] A FURTHER SUPPLEMENT To the several acts relating to the Insurance Company of the State of Pennsylvania. WHEREAS, The insurance company of the State of Pennsylvania have made request that they may be permitted to reduce the amount of their capital. Therefore Preamble. SECTION 1. Be it enacted by the Senate and House of Rep resentatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the sume, That it shall be lawful for the said insurance company whenever a majority in number and value of the stockholders shall deem it expedient, and express their assent thereto in writing, to reduce their capital stock to the sum of Capital stock two hundred thousand dollars, and the; ar value of the shares and shares ed. may be reduc- of said stock, to two hundred dollars each, by cancelling and extinguishing two hundred and fifty shares of the said capital stock now held by the said company, and by distributing among the holders of the remaining one thousand shares in proper proportion, according to the number of their shares of the assets of the company beyond the retained capital of two hundred thousand dollars, such distribution to be made at such times and in such manner as shall be deemed by the directors consistent with a proper attention to the judicious collection and conversion of the assets. SECTION 2. That when such assent in writing as aforesaid Certificates, shall be given, the certificates of stock now in existence shall be called in by the directors of the said company, and new certificates shall be issued in place of them, conforming to the change in capital; and no re-payment of capital as aforesaid, shall be made upon any share until the certificate of such share shall be surrendered for renewal as aforesaid. Recorded. Notice. SECTION 3. That such assent in writing may be signed by the stockholders, or their attornies, duly constituted, and may be recorded in the office for recording deeds in the city and county of Philadelphia, and in case of loss of the original, a certified copy from such record shall be admissible in evidence. SECTION 4. That when such assent in writing shall be executed as aforesaid, notice shall be given thereof in two, at least, of the daily newspapers of the city: Provided nevertheless, That the whole of the amount of the capital stock of said company existing at the date of said advertisement, shall be liable for contracts of insurance existing with said company at that time. SECTION 5. That the act entitled an act, supplementary to the several acts relating to the insurance company of the State of Pennsylvania, passed the thirtieth day of March, one thousand eight hundred and thirty-six, except so far as it authorizee investments in ground rents, be and the same is hereby repealed. Parts of cer- And the eighth section of the act of the eighteeth April, seventeen hundred and ninety-four, entitled an act to incorporate the insurance company of the State of Pennsylvania, is hereby revived. tain acts re pealed and part revived. Charter perpetual. Repeal. SECTION 6. That the charter of the said "the insurance company of the State of Pennsylvania," shall be perpetual, subject nevertheless to the right of the legislature to alter, amend, or repeal the same whenever it may be deemed necessary for the interest of the Commonwealth so to do. WM. A. CRABB, Speaker of the House of Representatives. JN. H. EWING, APPROVED-The nineteenth day of March, one thousand eight hundred and forty-one. Speaker, of the Senate. DAVID R. PORTER. [No. 46.] AN ACT To authorize the Canal Commissioners to inquire into the claims for damages sustained by the Western Transpartation Company, doing business under the firm of D. Leech and Company. Western SECTION 1. Be it enacted by the Senate and House of Rep resentatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the canal commissioners are hereby requir ed to inquire into the following claims of the Western Trans- Canal comportation company, doing business under the firm of D. Leech missioners to and Company, to wit: first, for damages sustained by the inquire into, burning of their cars and freight on the Portage railroad: se- damages suscond, for damages done their freight and passenger cars on the tained by Philadelphia, Columbia and Portage railroad, and on the in-. Transporta clined planes; third, for damages done their cars taken into tion company public service by order of General Patterson to transport the troops, in December, eighteen hundred and thirty-eight; fourth, for bedding furnished said troops in Harrisburg, the estimate therefor not to exceed one hundred dollars; and fifth, for certain tolls alleged to have been overcharged in the year eighteen Tolls overhundred and thirty-nine, on the Western Division of the Pennsylvania canal; and if said commissioners are satisfied from the evidence that said claims are just, that said cars and freight were injured through the misconduct or negligence of the state agents, and that said tolls were improperly or erroneously charged, then they shall make a fair and just estimate of the damages sustained, which shall be paid out of any money in the treasury not otherwise appropriated. WM. A. CRABB, Speaker of the House of Representatives." JN. H. EWING, Speak r of the Senate. APPROVED--This nineteenth day of March, one thousand eight hundred and forty-one. DAVID R. PORTER charged. Powers &c [No. 47.] AN ACT Supplementary to an act passed the eighth day of April, one thousand SECTION 1. Be it enacted by the Senate and House of Rep resentatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the powers and privileges granted to the Pittsburg sa- Pittsburg Saving Fund company, by the act to which this is a supplement and the supplement thereto, be and the samé are hereby extended until the first day of March, in the year of our Lord one thousand eight hundred and fifty-eight. ving fund co extended to 1958 Name chan ged To increase capital stock Proviso Cashier Offices of treas & sec'y abolished Treasurer Annual elec SECTION 2. From and after the passage of this act, the corporate name and style of the Pittsburg Saving Fund company shall, and the same is hereby changed and altered, to "The Farmer's Deposit Bank of l'ittsburg. 29 SECTION 3. The Farmer's Deposit Bank of Pittsburg shall be, and the said company are hereby authorized, to increase their stock and deposits to the amount of five hundred thousand dollars; and the clause of the sixth section of the act of the thirty-first of March, one thousand eight hundred and thirtyseven, limiting the capital stock and amount of deposits in said company, to two hundred thousand dollars, be and the same is hereby repealed: Provided howevei, That the said institution shall not be permitted to issue any certificate payable on demand or otherwise, in the nature of a bank note. SECTION 4. The duties appertaining to and devolving upon the treasurer of the said company, are hereby transferred to and vested in a cashier, who shall give bond in the same amount. and with the same number of sureties heretofore required of the said treasurer; and he shall perform all the duties heretofore attached to the offices of treasurer and secretary to said company; and the offices of treasurer and secretary of said company are hereby abolished. SECTION 5. The treasurer for the time being, at the date of the passage of this act, shall assume and perform the duties of cashier of said company, until the next regular election. SECTION 6. The stockholders of said company, shall contion of direc- vene in May next, and annually thereafter, and elect by ballot one person for president, one person for cashier, and six directors, who shall continue in office for one year: Provided tors Proviso |