No. 201. Sup. court AN ACT in relation to rooms for the Supreme Court in the city of Section 1. Be it enacted by the Senate and House of Representaat Detroit. tives of the State of Michigan, That the clerk of the supreme court for the first circuit, under the direction of the justices of said court, be and is hereby authorized to fit up or cause to be fitted up the room in the state building in Detroit, formerly used as the office of the Auditor General, for a court room for said court, in lieu of the upper room in said building now used for that purpose. Clerk to fit up rooms. Sec. 2. The said clerk, under the direction of the court, shall also cause to be fitted up the two rooms over the above mentioned room for the court, as consulting and reading rooms, with necessary desks, book cases and other proper furniture. Sec. 3. A sum not exceeding one hundred and fifty dollars shall be Appropriat'n and is hereby appropriated for fitting up and furnishing said rooms; and the Auditor General, on the certificate of said clerk that any work authorized under the preceding sections has been executed and accepted, or materials delivered, in pursuance of a contract or agreement made by him to that effect, shall credit [audit] and allow the account for such work or materials, and draw a warrant on the State Treasurer, payable out of the above appropriation. Sec. 4. The room now occupied as a supreme court room and the Adjutant rooms on the south side on the first floor shall be placed at the disposal Gen'ls room, and appro- of the adjutant general for an armory and office; and a sum not ex priation thefor. ceeding fifty dollars shall be and is hereby appropriated for fitting up the same, to be paid on the certificate of the adjutant general that accounts for work or materials done or furnished are correct. Sec. 5. This act shall take effect from and after its Approved April 3, 1848. passage. No. 202. AN ACT to incorporate the Genesee and Oakland Rail Road Com pany. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Henry M. Henderson, Addison pointed. Stewart, James B. Walker, Enos Goodrich, James Kipp, Elijah B. Com'rs apClark, Horace C. Thurber, and John S. Goodrich, 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 Genesee and Oakland Rail Road Company, hereby incorporated, and they may cause books to be opened at such times and places as they shall direct, for the purpose of securing subscriptions to the capital stock of said company, first giving thirty days' notice of the times and places of taking such subscription, in some newspaper printed in the city of Detroit and in the villages of Flint and Pontiac. Incorporat'd Sec. 2. The capital stock of said company shall be two hundred and Capital. fifty thousand dollars, in two thousand five hundred shares of one hundred dollars each; and so soon as five hundred shares of said stock shall be subscribed, 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, by the name and style of the Genesee and Oakland Rail Road Company, with perpetual succession, and by that name shall be capable in law of purchasing, selling, leasing and conveying estate, either real, personal or mixed, so far as the same may be necessary for the purposes hereinafter mentioned and no further, and in their corporate name may sue and be sued, may have a common seal which they may alter and renew at pleasure, and shall have, enjoy, and exercise all the powers, rights and privileges which appertain to corporate bodies for the purpo ses mentioned in this act. description Sec. 3. Said company hereby created shall have power to construct a rail road with a double or single track from the village of Pontiac, in Route and the county of Oakland, to the village of Flint, in the county of Gene- of road, see, in the state of Michigan, passing through the most desirable and eligible route, through the counties of Oakland and Genesee, with pow er to take, transport and carry property and persons upon the said rail road, or any part thereof herein authorized to be constructed, by the power and force of steam or of animals, or of any mechanical or other power, or of any combination of them which the said company may choose to apply. When road Sec. 4. If said corporation shall not within five years after the passage of this act, commence the construction of the said rail road, to he com menced. 1st meeting ot subscri bers. Directors to be chosen anually. General meeting. and shall not within ten years from the passage of this act, construct, finish and put in operation the whole of said rail road, then the rights, privileges and powers of the said corporation shall be null and void, so far as it regards such part of said rail road as shall not be finished within the periods limited by this act. Sec. 5. Whenever five hundred shares of the capital stock shall have been subscribed, if within two years from the passage of this act, the commissioners shall call a meeting of the subscribers, at such time and place as they may appoint, by giving thirty days' public notice of such meeting, and shall lay the books of subscription before the subscribers then present, and thereupon the said stockholders or a majority of them, shall elect seven directors by ballot, a majority of whom shall be competent to manage the affairs of said company, and all of whom shall be stockholders in said company; and said directors are empowered to elect one of their number president; and on all occasions when a vote of the stockholders is to be taken, each and every share shall entitle the holder thereof to one vote, either by himself in person or by proxy. Sec. 6. To continue the succession of president and directors of said company, seven directors shall be. chosen annually on the first Monday in October, at such place as may be appointed by the directors; and if any vacancy shall occur by death, resignation or otherwise, of any president or director, before the year for which he was elected shall have expired, such vacancy for the remainder of the year may be filled by the directors of said company or a majority of them. The president and directors of said company shall hold their office until a a new election of president and directors. All elections which are by this act or by the by-laws of the company to be made on any particular day, may be inade at any time within sixty days thereafter, notice of such meeting being given as prescribed in preceding section. Sec. 7. A general meeting of the stockholders of said company shall be held annually at the time and place appointed for the election of president and directors; and a meeting may be called at any time during the interval between the said annual meetings, by the president and directors or by the stockholders owning not less than one fourth of the whole stock subscribed, by giving thirty days public notice of the time and place of meeting; and when any such meeting is called by the stockholders, the particular object of such call shall be stated; and if, at any meeting thus called, stockholders owning a majority of stock subscribed are not present, in person or by proxy, such meeting shall be adjourned from day to day, not exceeding three days, without transacting any business; and if, within said three days, stockholders having a majority of such stock do not attend such meeting in person or by proxy, then the said meeting shall be dissolved. ment of offi Sec. 8. At each annual meeting of the stockholders of said compa- Annual stateny, it shall be the duty of the president and directors in office for the cers. preceding year, to exhibit a clear and distinct statement of the affairs of the company; and at any meeting of the stockholders, a majority of those present in person or by proxy, may require similar statements from the president and directors, whose duty it shall be to furnish them when thus required; and at all general meetings of the stockholders, those holding a majority of the stock subscribed, may remove from office any of thepresident, or any directors of company, and elect others in their stead: Provided, Notice of such intended removal has been given as hereinbefore provided. Powers of Sec. 9. The said president and directors, or a majority of them, shall have power to appoint, contract with and determine the compen- directors. sation of all such officers, engineers, agents and servants whatsoever, as they may deem necessary for the transaction of the business of the company, and remove them at pleasure; and the said president and directors, or a majority of them, shall have power to determine the manner and evidence of the transfers of the stock in said company; and they shall have power to pass all the by-laws which may be necessary for carrying into execution all the powers vested in the company hereby incorporated: Provided, Such by-laws shall not be contrary to the constitution or laws of the United States, nor of this State: And provided further, That nothing in this act contained shall extend or be construed to authorize the said company to carry on the business of banking, brokerage, dealing in produce or any other business except what properly belongs to a rail road and transportation company, as hereinafter provided. But the said company shall have power and authority to build, own, hire and use, in the navigation of the lakes and the rivers and waters connecting the same, one or more boats or vessels, for the purpose of transporting persons and property to and Co. may ap use lands, &c from the ports upon said waters, and to receive such remuneration therefor as may seem just and proper, and to exercise all the powers in relation to the management of such boats or vessels as an individual might lawfully do. Sec. 10. For the purpose of constructing said rail road or way, propriate & said company shall have authority and power to lay out, designate and establish their road in width not exceeding one hundred feet through the entire line thereof, and may take, have and appropriate to their use all such lands so designated for the line or construction of said road; and for the purpose of cuttings and embankments, and for the obtaining of stone, sand and gravel, may take and appropriate as much more of land as may be necessary for the proper construction and security of said road, and for constructing shops, depots and other proper, suitable and convenient fixtures, in connection with, and as appertaining to said rail road, may take, have, use and occupy any lands on either side of said rail road not exceeding two hundred feet in width from said rail road, the said company taking all such lands as gifts, or purchasing or making satisfaction for same in manner hereinafter provided. May enter upon lands of others. Sec. 11. The said company, and under their direction their agents, servants and workmen, are hereby authorized and empowered to enter into and upon the lands and grounds of or belonging to the state, or to any person or persons, bodies politic or corporate, and to survey and take levels of the same or any part thereof, and to set out and ascertain such parts as they shall think necessary and proper for making said rail road, with one or more sets of tracks or rails, and for all the purposes connected with said rail road, for which the said company, by the last preceding section is authorized to take, have or appropriate any lands, and to fell and cut down all timber and other trees, standing or being within one hundred feet on each side of said line of rail road; the damages occasioned by the felling of trees, unless otherwise settled, to be assessed and paid in manner hereinafter provided for assessing and paying damages for land taken for the use of said company; and also to make, build, erect and set up in and upon the route of said rail road, or upon the land adjoining or near the same, all such works,ways, roads and conveniences, as may be requisite and convenient for the purposes of said rail road; and also from time to time to alter, repair, amend widen or enlarge thesame, or any of the conveniences |