No. 399. AN ACT To incorporate the Wrightsville, New Holland and Cone wago Railroad 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 Commissioners. John Kauffelt, Adam Wolf, Joseph Wilson, Joseph Detwiler, Barton Evans, John S. Futhey, George Wogan, Wm. M'Conkey, Philip W. Burg, Andrew Leightner, Jacob S. Haldeman, John Keasey, James Boyd, John Houser, Henry Wilton, Samuel Prowel, E. R. Herbert, Thomas Himes, Jacob Hinkle, Asa Loudon, John Rankin, Charles Weiser, of York county; J. C. Bomberger, of Dauphin county; and Clement B. Grubb, Samuel Schoch, Henry G. Long, George Wolf, Daniel Herr, John N. Lane, John Cooper, of Lancaster county; Geo. H. Hart, Joseph B. Myers, Hanson E. Atkins, Peter Cullen, Charles Emory, of the city of Philadelphia; are hereby appointed commissioners, who, or any five of whom, are hereby authorized to open books, receive subscriptions, and organize a com pany, by the name, style and title of "The Wrightsville, New Holland and Conewago Railroad company," with power to construct a railroad from a point on the York and Cumberland railroad, at or near Roth's creek, in Manchester township, York county; thence to the town of New Holland; thence down the margin of the Susquehanna river to intersect the Columbia and Philadelphia railroad at a point in Wrightsville, not nearer than two hundred feet to the west end of the Columbia Subject to pro- bridge; with all the powers and subject to all the provisions and re visions and re- strictions prescribed by an act entitled "An Act regulating Railroad strictions of cer- companies," approved the nineteenth day of February, Anno Domini Style. Location. tain act. Proviso. Capital stock. Commencement one thousand eight hundred and forty-nine, and the supplements thereto Provided, That the said company shall not erect within two hundred feet of the western end of the Columbia bridge at Wrightsville, any depot or locomotive engine house, without the consent of the Ce lumbia Bank, their successors or assigns, and that no locomotive engine used or run upon said road, shall at any time be permitted to approach within two hundred feet of the western end of said bridge. and if any incorporated company or individual, by themselves or their agents, shall cause any locomotive engine to approach within the said limit of two hundred feet of the western end of said bridge, the said incorporated company or individual owning or using such locomotive engine, shall forfeit and pay to the Columbia Bank, their successors or assigns, the sum of twenty dollars for every such offence, to be recor ered as debts of similar amount are now or hereafter shall be by law recoverable. SECTION 2. That the capital stock of said company shall consist of one hundred and twenty-five thousand dollars, to be divided into shares of twenty-five dollars each, which said capital stock may be increased by said company so much as in their judgment may be necessary to complete said road and fully carry out the objects of this act. SECTION 3. That if the said company do not commence the construe tion of the said road within three years from the passage of this act, and complete the same within five years thereafter, then this act to be ull and void. SECTION 4. That a tax is hereby imposed on all tonnage passing Tax on tonnage. over said road, at the same rate, on the same terms, and subject to the same conditions, limitations and restrictions, as are now or may hereafter be provided by law for the Pennsylvania railroad. W. P. SCHELL, APPROVED-The nineteenth day of April, A. D. one thousand eight hundred and fifty-three. WM. BIGLER. No. 400. AN ACT To incorporate the Lewisburg Saving Institution. 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 William Cameron, G. F. Miller, John Walls, William Frick, Corporators. Peter Beaver, John Houghton, Alexander Ammons, Thomas Hayes, James S. March, Eli Sliter, Jonathan Nesbit, Alexander McClure, John Gundy, William F. Packer, David Reber, George Schnable, John B. Packer, and every other person hereafter becoming members, are hereby erected into one body politic and corporate, in deed and in law, by the name, style and title of "The Lewisburg Saving Institution," and by that name shall be able to sue and be sued, in all courts and Style. tribunals, and to purchase, have and hold lands, tenements, hereditaments, rents, goods, chattles, and effects, of whatsoever nature or kind, and the same at any time to sell, grant, and dispose of, and to make, Privileges. execute and deliver all proper and legal conveyances and assurances, and to receive the same, and also to make, have, and use a common seal, establish and put in execution all such by-laws, ordinances and regulations, as may be necessary and fit to subserve the interests of the institution, not being contrary to the constitution and laws of this Commonwealth or of the United States: Provided, That the clear Proviso. yearly value of the real estate so held shall not exceed the sum of two thousand dollars, except such shall have been bona fide mortgaged to the said institution by way of security, or conveyed in satisfaction of debts contracted in the course of its dealings. SECTION 2. That the business of said institution shall be to receive Object. moneys on deposit, at such rates of interest as may be agreed upon: Provided, That the said institution shall not in any case or for any Proviso. its. Capital to be liSECTION 3. That for the security of the depositors of the said institu able for depos- tion, it shall be the duty of the persons named in the first section, and such others as may become members of the institution, to raise and pay in a capital of not less than twenty or more than one hundred thousand dollars, in shares of fifty dollars each, which capital shall at all times be liable to the depositors for the amount of their deposits and the interest accruing thereon, the shares to be transferable on the books of the institution, in such manner as may be designated by the by-laws of said institution. Authorized to stocks. SECTION 4. That the said corporation shall be authorized to invest invest funds in its funds in public stocks of this State or of the United States, in real securities, or in the discount of notes of personal securities: Provided, That the rate of discount at which loans may be made by the said institution shall not exceed one-half of one per centum for thirty days. Proviso. Directors. Officers. Dividends. Depositors to have right to withdraw deposits. Individual liability. Penalty for em. SECTION 5. That the business of said institution shall be managed and conducted by seven directors, to be chosen in the manner herein. after mentioned, five of whom shall form a quorum to do business; they shall choose from their own number a president, and appoint a treasurer, and such other officers as may be necessary and expedient, and the office of said institution shall be in the borough of Lewisburg. SECTION 6. That the president and directors shall declare dividends of profits of said institution as often as they may deem proper, and a depositor shall have the right of withdrawing his deposits at any time, if not exceeding twenty dollars on ten days' notice, if above that sum and not exceeding forty dollars on thirty days notice, and if above that sum on three months notice. SECTION 7. That the stockholders of the said Savings Institution shall be individually liable for the debts of the same, which liability shall be enforced in the manner provided for the enforcing the individual lis bility of stockholders of banks, by the act of the sixteenth day of April, one thousand eight hundred and fifty, entitled "An Act regulating banks," and any officer or agent of said Savings Institution who shall en bezzlement or bezzle or appropriate to his own use, without authority, any of the funds use of funds by of said institution, shall be deemed guilty of a misdemeanor, and on conviction thereof, shall be fined in any sum not less than the amount so embezzled or appropriated, and shall be imprisoned in the Union county prison for any period not less than six months nor more than two years, at the discretion of the court. officers. Treasurer to give bond. Meetings for election of di rectors. SECTION 8. That the treasurer shall give bond to the president and directors of the institution, in a sum not less than five thousand del lars, with two or more sureties, conditioned for the faithful performance of all the duties enjoined on him; he shall be the receiver of all moneys of the institution, and shall disburse and pay the same, under such rules as may be established by the president and directors, and may be removed at the pleasure of the said president and direct ors. SECTION 9. That there shall be a meeting of the members of the Lewis burg Savings Institution on such day in the month of June next, at such place as a majority of the persons named in this act shall appoint, for the purpose of subscribing stock, and for electing from among the members seven directors, to manage the affairs of the said institution for twelve months thereafter and until a new election shall take place, and in said first election each stockholder shall be entitled to one vote for each share of stock subscribed by him; all future elections shall be held in such manner and at such times as the by-laws shall provide. made. SECTION 10. That the president or treasurer shall make a statement Statement of anually of the affairs of the said institution, on oath or affirmation, affairs to be o the Auditor General, to be laid by him before the Legislature. SECTION 11. That this institution shall continue for fifteen years Limitation. nd no longer, except so far as may be necessary to close its business, nd the Legislature may at any time alter or revoke the privileges Reservation. hereby granted. W. P. SCHELL, APPROVED-The twentieth day of April, A. D. one thousand eight undred and fifty-three. WM. BIGLER. No. 401. AN ACT To authorize the trustees of Thomas Joyce to sell certain real estate; to authorize the New Lisbon Union Railroad company to extend their road within this Commonwealth; to authorize the Birmingham M'Adamized Turnpike Road company to borrow money. 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 Catharine Joyce and Margaret Joyce, surving trustees of Thomas Joyce, Trustees authoof the county of Allegheny, be and they are hereby authorized to sell rized to sell cerand dispose at public sale, of the real estate held by them as trustees tain real estate. of the said Thomas, under and in pursuance of the last will and testament of the Reverend John Joyce, late of the same county, deceased, and to re-invest the proceeds thereof, after deducting the necessary expenses, as well as all charges incurred by them in and about the management of the said property, for the same uses, and upon the same trusts, as the said real estate is now holden: Provided, however, Proviso. That the said trustees shall first give bond, with surety, to be approved by the court of common pleas of Butler county, for the proper application of the proceeds of the said sale, in conformity with the true intent and meaning of this act, and that the said sale shall moreover be approved by the said court. to extend their road, &c. SECTION 2. That the New Lisbon Union Railroad company, of the New Lisbon State of Ohio, be and the same is hereby authorized to extend its rail- Union railroad road into this State, to some point on the line of the Ohio and Penn- co., authorized sylvania railroads, at or near Enon Valley station, in Lawrence county, with the right to connect with the said Ohio and Pennsylvania railroad, or with any other railroad which may hereafter be constructed to that point, and the said company shall have full power to construct and use their railroad within this Commonwealth, subject to all the provisions of an act regulating railroad companies, passed February nineteenth, one thousand eight hundred and forty-nine, so far as the same may be applicable to the construction and working of said exten sion. SECTION 3. That in all cases where any matter in controversy shall have originated or arisen within this Commonwealth, and in all matters and things which may in any way relate to or concern the exercise or abuse of the rights, privileges, powers and franchises hereby granted, and also in all things which may relate to or concern a compliance with or a breach of the conditions and provisions of this act, the company shall be as perfectly subject to and under the control of the proper authorities of Pennsylvania, as if the said company had been created by a law of this Commonwealth, and in any suit or action, or proceed ing at law or in equity, against said company, the process may be served within the proper county or district upon any known officer or agent of said company. SECTION 4. That it shall be the duty of the president and directors of said company, as soon as any portion of their railroad situated in this State shall be completed and in use for transportation, to prepare a full and accurate statement of the cost of construction of said portion of their railroad, authenticated by the oath or affirmation of the presi dent and secretary of said company, and communicate the same to the Auditor General of this Commonwealth, who shall file the statement in his office. SECTION 5. That the stock of said road, to an amount equal to the cash value of said portion thereof, shall be subject to taxation by this Commonwealth, at the same rates as other similar property is or may be subject to. SECTION 6. That the president and directors of the Birmingham and Brownsville M'Adamized Turnpike Road company, be and they are hereby authorized to borrow a sum of money, not exceeding twelve thousand dollars, for the purpose of completing their road, and it shall be lawful for the said company to secure the money so borrowed by bond or bonds of said company, and mortgage upon their property, or otherwise, as the said president and directors may deem proper: Previded, That no bond shall be issued for a less sum than one hundred dollars. APPROVED-The nineteenth day of April, A. D. one thousand eight hundred fifty-three. WM. BIGLER. |