Preamble. Preamble. extension of powers. No. 164. A FURTHER SUPPLEMENT To an act entitled "An Act to incorporate the Pennsylvania company for insurances on lives and granting annuities," passed the tenth day of March, one thousand eight hundred and twelve. WHEREAS, By a supplement to the act entitled "An Act to incorporate the Pennsylvania company for insurances on lives and granting annuities," passed the twenty-ninth day of February, one thousand eight hundred and thirty-six, it was enacted and declared that the said company should be authorized and empowered to accept and execute trusts of any and every description, which may be committed or transferred with their consent to them, by any person or persons whatever, bodies corporate or politic, or by any court of the United States, or of the Commonwealth of Pennsylvania: And Whereas, A doubt has arisen whether by the terms of the act aforesaid, they, the said company, have authority to act as executors and administrators; therefore, SECTION 1. Be it enacted by the Senate and House of Representa tives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That Pennsylvania the Pennsylvania company for insurance on lives and granting annuicompany for in- ties be, and they hereby are authorized to accept and execute the office surance on lives, and appointment of executors or administrators of any kind and nature whatever, whether such office or appointment is conferred, or made by any person or persons, or by any register of wills, or by any orphan's or other courts, either of the United States or of this Commonwealth. Capital stock to SECTION 2. That the whole capital stock of the said company shall be considered as be taken and considered as the security required by law for the faithsecurity. ful performance of their duties as such executors or administrators, and shall be absolutely liable in case of any default whatever. SECTION 3. That so much of any law as is altered and supplied by this act be, and the same is hereby repealed. Repeal. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The twenty-sixth day of March, one thousand eight hundred and fifty-three. WM. BIGLER. No. 165. AN ACT, To incorporate the Hickory Run plank road company; and to extend the Morrison Cove turnpike road in Blair county. SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That Commissioners Isaac Gould, William Leonard, Lewis A. Buckley, Josiah A. Cole and Samuel Saylor, a majority of whom shall have power to exercise all the powers hereby conferred, be, and they are hereby appointed commissioners to open books, receive subscriptions, and organize a company by the name, style and title of "The Hickory Run plank road Style. company," with power to construct a plank road from the mouth of Hickory run, in the township of Kidder, in the county of Carbon, up the valley of the said creek, to the State road leading from White Haven to John Merwine's, at or near Day and Saylor's mill, subject Subject to proto the provisions and restrictions of an act entitled "An Act regula- visions of certing turnpike and plank road companies," approved the twenty-ninth tain act. day of January, eighteen hundred and forty-nine, and the supplements thereto, so far as the same are not inconsistent with the following sec tions. SECTION 2. That the capital stock of the said company shall consist Capital stock. of sixty shares, at fifty dollars per share: Provided, That the said Proviso. company may from time to time, at a meeting of the stockholders called for that purpose, increase the capital stock to such an amount as in their opinion may be required to complete said road according to the true intent and meaning of this act. SECTION 3. That if the said company shall not commence the con- Commencement struction of the said road within two years, and complete the same and completion within four years, this act shall be null and void, except so far as may of road. be necessary to settle the affairs of the said company. SECTION 4. That the said company shall have power to fix and regu-Tolls. late the rate of tolls to be received upon said road: Provided, That Proviso. the income to the stockholders upon the net proceeds, shall at no time exceed ten per cent. per annum upon the amount invested. tend their road. SECTION 5. That the Morrison Cove turnpike road company, in Blair Morrison Cove county, be, and they are hereby authorized to continue and extend their turnpike road turnpike road from the borough of Martinsburgh eastward to a point company to exat or near the crossing of Clover creek, with like privileges, and subjeet to the terms and requirements of the charter of the said company, and that the capital stock of the said company shall be increased two thousand dollars. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, APPROVED The twenty-sixth day of March, one thousand eight hundred and fifty-three. WM. BIGLER. Time for the No. 166. A SUPPLEMENT To an act incorporating the Tarentum and Saxonsburgh plank road company. SECTION 1. Be it enacted by the Senate and House of Representa tives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the term limited in the third section of the act entitled "An Act to incommencement corporate the Tarentum and Saxonsburgh plank road company; and to and completion repeal and authorize the laying out of a State road through Butler and Saxonsburg County," approved the eighteenth day of March, one thousand eight plank road ex- hundred and fifty-one, for the commencement and completion of said road, be extended for the further term of six years from the passage of this act. of Tarentum tended. Authority to borrow money. Proviso. Tolls. Proviso. Vacation of road. SECTION 2. That it shall be lawful for the president and managers of said company to borrow any money not exceeding ten thousand dol lars, that may be necessary for the construction and completion of said road, and to issue the bonds of said company therefor, in such manner and terms as said president and managers may deem proper: Provided always, That the president and managers shall be duly authorized by the majority of stockholders of said company to make such loan, and that no bond shall be issued on account of said loan, of a less denomination than one hundred dollars. SECTION 3. That upon the opening, bridging, and proper grading of said road, so as to make it a good common clay-pike in good traveling order, it shall be lawful for the said company to exact and receive tolls the same as though the said road was constructed and completed, agreeable to the act regulating turnpike and plank road companies, approved the twenty-sixth day of January, one thousand eight hundred and forty-nine: Provided, That the said road is planked and completed within the time specified by this act. SECTION 4. That that part of the old State road running along the parts of certain valley of Bull creek, from Tarentum to Millerstown, together with that part of the new county road on the eastern side of said creek, from where it crosses said creek at or near the lands of Benjamin Coe, to Miller's saw-mill, or near thereto, shall be vacated and. annulled upon the opening, bridging, and proper grading of the Tarentum and Saxonsburgh plank road, agreeable to the third section of this act: Provided, The closing of said roads shall not interfere or prevent the getting in, to or from any lands or buildings adjacent to said roads. Proviso. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, Speaker of the Senate. APPROVED-The twenty-sixth day of March, one thousand eight hundred and fifty-three. WM. BIGLER. No. 167. AN ACT Authorizing the Canal Commissioners to examine the claim of Alexander McConnell, for damages sustained on the western division of the Pennsyl vania canal. SECTION 1. Be it enacted by the Senate and House of Represen tatives 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 authorized to examine the claim of Alexander McConnell, for damages done to a lot of ground lying in Westmoreland county, by the western division of the Pennsylvania canal, and report the same to the Legislature as soon as practieable: : Provided, The amount allowed shall not exceed two hundred dollars. W. P. SCHELL, Speaker of the House of Representatives. THO. CARSON, APPROVED-The twenty-sixth day of March, one thousand eight hundred and fifty-three. WM. BIGLER. No. 168. A SUPPLEMENT To an act entitled "An Act authorizing the Governor to incorporate a company to erect a bridge over the Juniata river at or near Grouny's ripples, to be styled The Union Bridge company," " et cetera, passed the twenty-second day of March, one thousand eight hundred and fifty; relative to the estate of Jacob Wagenseller; authorizing the heirs of Darius Mead to appeal from a certain decree; and vacating Schuylkill Third street, between Girard and College avenue, in 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 Provisions of the provisions of the act entitled "An Act to incorporate the Union certain act reBridge company," approved the twenty-second day of March, one vived. thousand eight hundred and fifty, relative to the erection of a bridge over the Juniata river at or near Grouny's ripples, be and the same is hereby revived and continued in force, as fully, to all intents and purposes, as if an election of officers had been held by the stockholders on the day set forth in the act incorporating the said company. Officers of elec SECTION 2. That the officers elected at the last election held on tion continued. the first Monday of November, one thousand eight hundred and fiftyone, be continued until the first Monday in April, one thousand eight hundred and fifty-three, on which day thereafter the annual election of officers shall take place. Reduction of SECTION 3. That the original stock of twenty dollars per share, be original stock. reduced to one-third of its original amount, that is-six dollars and sixty-six and two-third cents, and that the president and managers of said company be authorized to issue new stock to an amount sufficient to re-build the bridge: Provided, That the present stockholders, or any of them who shall hereafter subscribe stock in the same bridge company, shall have a right, if they desire to do so, by paying their subsequent stock by the original, at its reduced value, as far as it shall go in payment of such stock. Proviso. Number of votes. Provise. Repeal. Preamble. Preamble. 1 Estate of Dr. seller. SECTION 4. That no person shall have more than eight votes at any election, or in determining any question arising at any meeting, whatsoever number of shares of stock he may be entitled to, and that every person should be entitled to one vote for every share under three shares, and one vote for every two shares under eight shares, and one vote for every five shares over eight shares, until they shall have eight votes, and no more: Provided, That none of the original stockholders shall have more than one vote at the first election. SECTION 5. That all provisions in the act of Assembly relating to the said Union Bridge company inconsistent with this act are hereby repealed. WHEREAS, Dr. Jacob Wagenseller, of Union county, in his lifetime and at the time of his death, was the owner of an undivided interest in coal lands in Schuylkill county, to the amount of three hundred acres, more or less, and by his last will and testament desired that his executors, by the advice and with the consent of the guardians of his minor children, should have and exercise a discretionary power and authority over the said coal lands so long as the same shall remain unsold, and until his youngest child shall have arrived at the age of twenty-one years, and also directed that the said executors shall have power to improve, open mines, and otherwise so manage the said coal lands as they and the said guardians may in their judgment deem most for the benefit of his estate: And Whereas, It is believed by the executors of said testator and the guardians of his minor children, that it would be greatly for the benefit of those interested in the estate, if power was given the executors, by and with the consent of the guardians of the minor children, to lease or sell the said lands to some incorporated company, to work, improve and develope the coal; therefore, SECTION 6. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That William F. Wagenseller and Alexander Jordan, executors of said deJacob Wagen- ceased, or the survivor of them, or the one who may be the acting executor at the time, by and with the advice and consent of the guardians of the minor chldren of said testator for this purpose first had and obtained in writing, are hereby authorized and empowered to lease and demise to such incorporated company in the county of Schuyl kill as they may deem most advantageous, the interest in the said coal lands held by the said testator at the time of his death, for such pe riod, upon such terms, and on such conditions as they may judge most beneficial: Provided, The said lease do not extend beyond the period Proviso. |