chapter, after its seventeenth section, by act approved March seventeenth, eighteen hundred and forty-seven, are repealed, (saving any legal act done under them :) and this act shall take effect from and after its passage.

Approved March 29, 1848.

Dam authorized.

Description of dani, &c.

Duties of owners.

Trespass on dam.

Rights of

persons reserved.

No. 144.

AN ACT authorizing Robert Palmer and Morris S. Allen to build a dam across Grand River in the county of Clinton.

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Robert Palmer and Morris S. Allen, their heirs and assigns, are hereby authorized and empowered to build a dam across the Grand River on section thirty, in township five north, of range four west: Provided, Said dam be built within

three years from the time this act takes effect.

Sec. 2. That the said dam shall not exceed eight feet above common low water mark, and shall contain a convenient lock, at least seventy-five feet in length and sixteen feet in width, for the passage of all boats, barges, rafts or other water craft that may navigate said river, and shall be so constructed as to receive such boats and other water craft, in slack water of sufficient depth below said dam, and to pass them to slack water of sufficient depth above said dam, for all the purposes of the navigation of said river at all times.

Sec. 3. It shall be the duty of the owners of said dam, at all times, to keep said lock in repair, and to pass any water craft through the dam, free of toll and without unnecessary delay; and any person who shall be so detained shall be entitled to recover of the said owners double the amount for the damages which he shall prove he has sustained by such detention, before any court of competent jurisdiction, with costs of suit.

Sec. 4. Any person who shall destroy or in any wise injure said dam or lock, shall have been deemed to have committed a trespass upon the owners thereof, and be liable accordingly.

Sec. 5. Nothing herein contained shall authorize the individuals named in the first section of this act, their heirs or assigns, to enter

upon or flow or otherwise injure the land of any person or persons without the consent of such person or persons, and the legislature may at any time hereafter, alter, amend or repeal this act.

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

Approved March 30, 1848.

No. 145.

AN ACT to incorporate the Quincy Mining Company.

ny.

Section 1. Be it enacted by the Senate and House of Representa- Quincy mitives of the State of Michigan, That Eurotas P. Hastings, James A. ning compaHicks and Milo Soule, and others who shall become associated with them, are hereby constituted a body corporate, by the name of the Quincy Mining Company, for the purpose of mining, smelting and manufacturing ores, minerals and metals, in the upper peninsula of the state of Michigan.

&c.

Sec. 2. The said company shall have corporate succession; and its Capital sto'k capital stock shall be two hundred thousand dollars, divided into shares of fifty dollars each, and said company may acquire and hold such real and personal estate in the state of Michigan, as the business of said company may require, to an amount not exceeding the capital stock of said company.

Sec. 3. The officers of said company shall consist of a president, Officers. a board of five directors, including the president, who shall be one thereof, a secretary and treasurer, who may, however, at the pleasure of the company, be one and the same person; and the said company may levy assessments on the shares of its stock, and forfeit and sell the same for non-payment of any such assessment, in such manner as said company by its by-laws may prescribe.

Sec. 4. The said company shall pay to the Treasurer of the state of Michigan an annual tax at the rate of one per cent. on the whole amount of capital actually paid in upon the capital stock of said company, and also upon all sums of money borrowed by said company, which tax shall be paid on the first day of July in each year, and shall be estimated upon the last preceding report of said company; and for that purpose

State tax

annual re

'post requir'd

1st meeting.

Subject to general laws

Lien of inha

bitants of this state.

charter.

the president and secretary of said company shall, on the first day of January in each year, or within fifteen days previous thereto, make under their hands a return to the State Treasurer, verified by their several oaths, stating the amount which has actually been paid in on the capital stock of said company, and also the whole amount of money which at any time has been borrowed by said company, and said state tax shall be in lieu of all other taxes upon the personal property of said company, and in lieu of all other state taxes on the real estate of said company; and any investment of any portion of the nett profits of said company in the business of said company, shall be considered as so much capital paid in, and returned to the State Treasurer accordingly. Sec. 5. The first meeting of said company shall be held at such time and place as the persons named in the first section, or a majority of them shall appoint, by a notice to be published in one or more newspapers in the city of Detroit and the village of Marshall, at least thirty days before the time of such meeting.

Sec. 6. Said company shall be subject to the provisions of chapter fifty-five, title ten of the revised statutes of A. D, eighteen hundred and forty-six, so far as the same are applicable.

Sec. 7. The inhabitants of this state shall have a lien upon the stock, appurtenances and entire property of said company, for all claims and demands not exceeding one hundred dollars each against said company, originally contracted or incurred within this state, which shall take precedence of all other claims or demands, judgments or decrees, liens or mortgages against said company.

Sec. 8. This act shall continue in force for thirty years from and Duration of after its passage: Provided, That nothing in this act contained shall be so construed as to confer on said company any banking powers or banking privileges, or for any transaction in brokerage or exchange, in dealing in money or bank notes, or in the purchase of any stock of any bank, or in the purchase of any public stock whatever, or for any other purposes than those particularly specified in this act.

Approved March 30, 1848.

No. 146.

AN ACT to incorporate the New York and Michigan Mining Company of Detroit.

Section 1. Be it enacted by the Senate and House of Representa- Incorporatn tives of the State of Michigan, That Lucius Lyon, Henry Ledyard, Charles G. Hammond, Israel Coe and E. R. Collins, and others who shall become associated with them, are hereby constituted a body corporate, by the name of the New York and Michigan Mining Company of Detroit, Michigan, for the purpose of mining, smelting and manufacturing ores, minerals and metals in the upper peninsula of the state of Michigan.

real estate,

Sec. 2. The said company shall have corporate succession; its ca- Capital sto'k pital stock shall be three hundred thousand dollars, divided into shares &c. of one hundred dollars each; and said company may acquire and hold such real and personal estate in the upper peninsula of Michigan, as the business of the company may require, to an amount not exceeding the capital stock of said company.

Sec. 3. The officers of said company shall consist of a president, a Officers. board of five directors, of whom the president shall be one; a secretary and treasurer, who may, at the pleasure of the company, be one and the same person; and the said company may levy assessments on the shares of its stock, and forfeit and sell the same for non-payment Assessment of any such assessment, in such manner as said company may by its on shares. by-laws prescribe : Provided, That one of the directors of said company shall at all times be a citizen and resident of the state of Michigan, upon whorn service of all process against said company may be made, and the same shall be deemed a valid service thereof upon said New York and Michigan Mining Company of Detroit, Michigan.

Sec. 4. The said company shall pay to the Treasurer of the state of Michigan an annual tax of one per cent. on the whole amount of capital actually paid in upon the capital stock of said company, State tax. and also upon all sums of money borrowed by said company, which tax shall be paid on the first Monday of July in each year, and shall be assessed upon the last preceding report of said company; and for that purpose the president and secretary thereof shall, on the first day Annual reof January in each year, or within fifteen days previous thereto, make under their hands a return to the State Treasurer, verified by their se

port.

1st meeting.!

Lien of inhabitants.

veral oaths, stating the amount which has been actually paid in on the stock of said company, and also, the whole amount of money which at any time has been borrowed by said company; and said tax shall be in lieu of all other taxes on the personal property of said company, and in lieu of all other state taxes on the real estate of said company; and any investment of any portion of the nett profits of said company in the business of said company, shall be considered as so much capital paid in, and shall be included in the returns to the State Treasurer hereinbefore required.

Sec. 5. The first meeting of said company shall be held at such time and place as the persons named in the first section, or any two of them, shall appoint by a notice to be published in one or more newspapers in the city of Detroit, at least thirty days before the time of such meeting.

Sec. 6. Any inhabitant of this state shall have a lien upon the stock, appurtenances and entire property of said company for claims and demands against said company, to the amount of one hundred dollars or under, originally contracted within this state, which shall take precedence of all other claims or demands, judgment or decrees, liens or mortgages against said company.

Subject to Sec. 7. Said company shall be subject to the provisions of chapter general provisions of rev fifty-five of the revised statutes of eighteen hundred and forty-six, so

statutes.

fice.

far as the same may be applicable.

Business of Sec. 8. The said company shall, within six months after the first election of the officers thereof, by a vote of the board of directors, locate a business office of said company within the territorial limits of the state of Michigan, and file in the office of the Secretary of State, a certificate specifying the place of such location, and all annual and other meetings of said company shall be held at such place as the bylaws of the company may designate.

Duration of charter.

Sec. 9. This act shall continue in force for thirty years from and after its passage: Provided, That nothing in this act contained shall be construed to confer on said company any banking powers or banking privileges, or for any transaction in brokerage or exchange, in dealing in money or bank notes, or in the purchase of any stock of any bank, or in the purchase of any public stock whatever, or for any other purposes than those particularly specified in this act.

Approved March 30, 1848.