CHAPTER 65. AN ACT to legalize the Assessment Roll of the several towns of the counties of Kewaunee and Door. The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows: CHAPTERS 65, 66. SECTION 1. The assessment rolls of the several towns Assessment declared valid. of the counties of Kewaunee and Door for the year 1858, are hereby declared to be valid and legal to all intents and purposes. § 2. This act shall take effect and be in force from and after its passage. Approved March 4, 1859. CHAPTER 66. AN ACT to amend an act entitled an act to incorporate Allen's Grove The people of the State of Wisconsin, represented in Senate SECTION 1. That the stockholders of Allen's Grove Election of Academy, at the next annual meeting, or at any meet- Trustees. ing legally called for that purpose, may have power to elect from their number twenty-one trustees, three of whom shall be elected for one year, three for two years, three for three years, three for four years, three for five years, three for six years, and three for seven years; and after the first year three may be elected annually. Provided, always, that all trustees shall hold their offices until others are elected in their place. And so much of section five in said act of incorporation, as defines the number of trustees is hereby repealed. 82. This act shall take effect and be in force from and after its passage. Approved March 4, 1859. CHAPTER 67. Body corporate Capital Stock. Directors. CHAPTER 67. AN ACT to incorporate the La Point Iron Company. The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows: SECTION 1. That Henry B. Payne, Louis F. Leopold, Henry Goodman, Robert F. Paine and Julius Austrian and such other persons as may hereafter become associated with them, in the manner hereinafter provided, shall be, and they are hereby incorporated and made a body corporate and politic by the name and style of the "La Pointe Iron Company," and by that name shall have succession, shall be able to contract and be contracted with, to sue and be sued, plead and be impleaded in any court of law or equity; to make, have and use a common seal, and the same to alter and renew at pleasure; and the said company shall have full power and authority to open and work any mines of iron or any other ores and minerals that may exist on any lands which the said company may acquire within the state of Wisconsin. § 2. The capital stock of said company shall consist of one thousand shares of five hundred dollars each, (with the privilege of increasing the same one thousand shares, two-thirds of the stockholders consenting thereto,) but it shall be lawful for said company to organize and commence their operations when and so soon as fifty thousand dollars shall be subscribed of said stock and five per cent. thereon paid in cash, and with that capital to commence, conduct and carry on the same until they shall find it expedient to enlarge their capital, which they are authorized to do from time to time, to the amount first above mentioned and provided for. § 3. The management of the affairs of said compa ny shall be vested in five directors, who shall be stockholders, any three of whom shall constitute a quorum to do business; such directors shall hold their office for one year, and until their successors shall be elected and qualified. The board of directors as soon as practicable after their election, shall proceed to elect one of their number president of the company, and the presi dent and directors shall elect and appoint all such other officers and persons as they shall deem necessary for the management and care of the business of the com pany. § 4. The corporators named in the first section of CHAPTER 67. this act shall act as commissioners to procure subscrip- Subscription to tions to the stock of said company, and for that purpose stock. shall open books at such place or places as they or a majority of them shall designate, and as soon as fifty thousand dollars or more are subscribed, they shall notify the stockholders of the fact, designating some convenient time and place for them to meet and hold an election for directors. § 5. Said company shall have power and authority Powers of Comto carry on the business of mining, smelting and man-pany. ufacturing ores, metals and minerals within this state, and for that purpose may acquire, hold, use and transfer real and personal property, may erect buildings, machinery and other improvements and use the same in its business; may sink shafts, erect steam engines, mills, furnaces, bloomeries, founderies and other estab lishments necessary and useful in mining, smelting and manufacturing ores, metals and minerals. § 6. The stock of said company shall be deemed Stock deemed personal property, transferable on the books of the com- personal proppany in such manner as the directors shall regulate by [by] law. erty. 7. The president and directors of said company By-laws. may enact and establish such by-laws, rules and regulations for the government of themselves and all officers and persons in the employ of said company, as shall not be inconsistent with the provisions of this act, the constitution of the United States and of the state of Wisconsin. § 8. That for the convenience of the laborers and Company may others, said company may sell goods, wares and mer- sell goods, &c. chandise at their place or places of business: Provided, they pay pay. construct rail road. 9. That said company shall be authorized to con- Authority to struct a rail road, with single or double track, with such side tracks, turn outs, offices and depots as they may deem necessary to carry out the objects of the said corporation, from any such mines to any other railroad or navigable water or place within or upon the borders of this state. § 10. It is the opinion of the Senate and Assembly that the objects sought under this (bill) [act] cannot be reached by any laws now in existence. CHAPTER 68. Public act. § 11. This is declared to be a public act, and a printed copy may be used in evidence. 12. This act shall take effect and be in force from and after its passage. Approved, March 5, 1859. Body corporate Trustees. CHAPTER 68. AN ACT to incorporate the Wisconsin Wesleyan Methodist Annual Confer ence. The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows: SECTION 1. That Rev. H. McKee, President, and E. W. Stevens, Secretary, and their associates, 'together with such other persons as may hereafter be associated with them, be and are hereby created a body corporate and politic, with perpetual succession to be styled the Wisconsin Wesleyan Methodist Annual Conference, and shall have power to sue and be sued, to contract and be contracted with, plead and be impleaded, to acqnire, hold and convey property, real and personal, to have and to use a common seal, to alter and revise the same at pleasure. Provided, Said Conference shall not at any time possess an amount of property exceedone hundred thousand dollars in value. § 2. That the President, Secretary and Missionary Treasurer of said conference shall be a board of trustees to hold in trust for the use of said Conference any moneys or other property received either by donation, bequest or purchase, subject to the control of said Conference. "This bill was presented to me for approval on the 12th February; it was mislaid, and in consequence, remained in my hands over three days, without approval or disapproval. "March 5, 1859. "ALEX, W. RANDALL." CHAPTER 69. AN ACT to amend "an act to incorporate the Phoenix Insurance Company," approved February 27, 1857. The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows: CHAPTER 69. SECTION 1. Section nine of an act to incorporate the Amendment, Phoenix Insurance Company, approved February 27, 1857, is hereby amended by striking out the word "Waukesha," where it occurs in the last line of said section, and inserting in lieu thereof the word "Milwaukee." § 2. The directors of the Phoenix Insurance Com- Powers of Dipany shall have power from time to time, whenever rectors. they may deem it necessary, to require the stockholders in said company, or any of them, to give such additional security for the payment of any sums which may remain unpaid upon their stock subscription or stock notes, and in case any stockholders in said comyany shall neglect or refuse to give such additional security for the payment of any sum remaining unpaid on his stock subscription or stock notes, or shall neglect or refuse to pay any call or assessment which may be made upon his stock subscription or stock note, by the board of directors, for thirty days after receiving notice of any resolution of the board of directors requiring such security to be given, or making such call or assessment, the board o directors shall have power to forfeit the stock of such stockholder together with all payments theretofore made thereon to the use of the company, and to to declare such forfeiture by resolution, the affirmative vote of two-thirds of all the directors of said company being required to adopt such resolution. § 3. This act shall take effect and be in force from and after its passage. Approved March 5, 1859. |