Act ameni. ⚫ed.

Construct'n.

General

provisions.

[ No. 100. ]

AN ACT to amend an act entitled an act to incorporate the Hillsdale and Coldwater Plank Road Company.

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That section 3 of the act entitled an act to incorporate the Hillsdale and Coldwater Plank Road Company, approved March 17, 1847, be and the same is hereby amended by striking out of said section all after the word "commissioners," in the fourth line, down to and including the words in the parenthesis, in the fifth line.

Sec. 2. The said Hillsdale and Coldwater Plank Road Company are hereby authorized and empowered to organize said company and commence the construction of their road at any time within two years from the passage of this act.

Sec. 3. The provisions of an act entitled an act relative to plank roads, approved March 13, 1848, and the acts amendatory thereof, are hereby made and constituted a part of this act; and the said Hillsdale and Coldwater Plank Road Company shall have the benefit of the provisions thereof as fully as if the said company had been incorporated after the passage of the same, and shall commence and prosecute the construction of their road and conduct the same according to the provisions of the said act relative to plank roads, approved March 13, 1843, and the acts amendatory thereof: Provided, That the commissioners appointed in said act of incorporation, or a majority of them, shall, before the commencement of the conacceptance. struction of said road, make out and file with the Secretary of State an acceptance of the provisions of this act.

Proviso

had file

Section 21 amended.

Sec. 4. Section 21 of the said act incorporating the Hillsdale and Coldwater Plank Road Company is hereby amended by adding to said section the following: "but such alteration shall not be made within thirty years of the passage of this act, unless it shall be made to appear that there has been a violation of the provisions of this

act."

its

Sec. 5. This act shall take effect and be in force from and after

passage.

Approved March 20, 1850.

[ No. 101. ]

AN ACT to authorize the commissioners of highways in the township of Ronald in the county of Ionia, to alter a State road in said township.

Commissi'rs

Section 1. Be it enacted by the Senate and House of Representatives Duty of of the State of Michigan, That the commissioners of highways of the township of Ronald in the county of Ionia, are hereby authorized and empowered to alter all that part of the highway or State road in said town, between the quarter post on the east side of section twenty-nine and the corners of sections 17, 18, 19 and 20, in said township, by running it from said east quarter post of said section 29, to the corners of said sections 17, 18, 19 and 20, on the most eligible route.

Sec. 2. It shall be the duty of the said commissioners, in case they Ibid. discontinue and relay said road, to furnish a true survey to the clerk of said township of such alteration, and it shall be the duty of said clerk to record the same in his office.

Sec. 3. This act shall take effect and be in force from and after its passage.

Approved March 20, 1850.

[ No. 102. ]

AN ACT to incorporate the Gibralter and Flat Rock Plank Road

Company.

Section 1. Be it enacted by the Senate and House of Representatives Incorporaof the State of Michigan, That Daniel C. Vreeland, James Van Ri- tion. per, Edmund Hall, H. Blakely, John Cook, William Worth and William Munger, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Gibralter and Flat Rock Plank Road Company; and the subscribers thereto, with such other persons as they shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body politic and corporate, by the name and style of the Gibralter and Flat Rock Plank Road Company, with corporate succession.

Sec. 2. Said company hereby created shall have the power to lay Routeout, establish and construct a plank road, and all necessary build

Capital.

chaiter.

ings, from the village of Gibralter in the county of Wayne, on the most eligible route, to the village of Flat Rock in the county of Wayne. Sec. 3. The capital stock of said company shall be fifteen thou sand dollars, to be divided into six hundred shares of twenty-five dollars each, with the power to increase said capital stock to twentyfive thousand dollars, with a corresponding increase of the number of shares.

Duration of Sec. 4. This act shall be and remain in force for the term of sixty years from and after its passage; but the Legislature may at any time alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years from the passage of this act, unless it shall be made to appear to the Legislature that there has been a violation by the company of some of the provisions of this act: Provided, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly net profits of said company, over and above all expenses, shall exceed ten per cent. on the capital stock invested: Provided, there be no violation of the charter of said company.

General provisions.

Sec. 5. The provisions of an act entitled "an act relative to plank roads," approved March 13, 1843, and all amendments thereof, shall be and are made a part of this act.

Sec. 6. This act shall take effect and be in force from and after its passage.

Approved March 20, 1850.

[ No. 103. ]

Incorpora

tion

AN ACT to incorporate the Grand Rapids and Plainfield Plank
Road Company.

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Henry C. Smith, Truman H. Lyon, William D. Roberts, James M. Nelson and William A. Richmond, be and they are hereby appointed commissioners, under the direction of a majority of whom, subscriptions may be received to the capital stock of the Grand Rapids and Plainfield Plank Road Company; and the subscribers thereto, with such other persons as they shall asso

ciate with them for that purpose, their successors and assigns, shall be and they are hereby created a body politic and corporate, by the name and style of the Grand Rapids and Plainfield Plank Road Company, with corporate succession.

Sec. 2. Said company hereby created shall have the power and authority to lay out, establish and construct a plank road, and all Route. necessary buildings and appurtenances, from the village of Grand Rapids to the village of Plainfield in the county of Kent.

Sec. 3. The capital stock of said company shall be twenty thou sand dollars, divided into shares of ten dollars each; and the direc- Capital tors of said company may commute with any of the stockholders thereof for any instalments upon their stock, by allowing them, instead of paying their subscriptions in money, to take contracts on giving satisfactory security for the fulfillment of the same, by furnishing materials, in executing any part of the construction of said. road, or in such other manner as shall be deemed for the best interest of the company; and said company shall be subject to all general laws of this State now in force relative to plank roads, and the same are made a part of this act.

Duration of

Sec. 4. This act shall be and remain in force for the term of sixty years from and after its passage; but the Legislature may at any charter. time alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years from the passage of this act, unless it shall be made to appear to the satisfaction of the Legislature that there has been a violation of its charter by the company: Provided, That after said thirty years, no alteration or reduction of the tolls shall be made during the existence of the charter, unless the yearly nett profits, over and above all expenses, shall exceed ten per cent. upon the capital stock.

Sec. 5. This act shall take effect and be in force from and after its passage.

Approved March 23, 1859.

Proviso.

Capit❜l sto'k may be divi

ded.

Proviso.

Statement;

[ No. 104. ]

AN ACT to modify an act to incorporate the Quincy Mining Company, approved March 30, 1848.

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That the Quincy Mining Company may at any regular meeting of the stockholders thereof, within two years after the passage of this act, divide the capital stock of said company into eight thousand shares of twenty-five dollars each: Provided, That the capital stock of said company shall not be increased beyond the amount in the original act of incorporation.

Sec. 2. Should the said company adopt the modification in this where filed. act contemplated, a statement of the terms of such modification shall, within twenty days after the adoption thereof, be filed in the office of the Secretary of State, and the same shall be conclusive on and shall control said company.

its

Sec. 3. This act shall take effect and be in force from and after passage.

Approved March 20, 1850.

Incorporation.

Route.

[ No. 105. ]

AN ACT to incorporate the Hastings and Yankee Springs Plank
Road Company.

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Phillip Leonard, David Rork and Heman J. Knapen, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Hastings and Yankee Springs Plank Road Company; and the subscribers thereto, with such other persons as shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body politic and corporate, by the name and style of the Hastings and Yankee Springs Plank Road Company, with corporate succession.

Sec. 2. Said company hereby created shall have power to lay out, establish and construct a plank road, and all necessary buildings, from the village of Hastings in the county of Barry, through the township of Yankee Springs; with the privilege of uniting said road at any point with the plank road of any other company.