Annual tax. half of one per cent. upon its capital stock paid in, including all loans State lien. Trespasses, &c. made by said company, and upon all nett proceeds invested in the construction and stocking of said road, for the purpose of constructing the said rail road, until the first day of February, A. D. one thousand eight hundred and fifty-eight, and thereafter an amount of one per cent. on the capital stock paid in, including all loans made to such company, and all nett proceeds invested in the construction and stocking of said road; which tax shall be paid in the last week in January in each year to the State Treasurer, and the property and effects of said company, whether real, personal or mixed, shall, in consideration thereof, be exempt from all and every tax, charge and exaction by virtue of any laws of this state now or hereafter to be in force, except penalties by this act imposed. Sec. 27. The state shall have a lien upon the rail road of said company, its appurtenances and stock thereon, for all penalties, taxes and dues which may accrue to the state from said company, which shall take precedence of all other debts and demands, judgments or decrees against said company; and every inhabitant in this state shall have a lien upon said rail road, stock and appurtenances, and upon the prop erty of said company, for all penalties, dues or demands against said company to the amount of one hundred dollars, originally contracted within this state, which, after said state lien, shall take precedence of all other debts or demands, judgments or decrees, liens or mortgages against said rail road or company, Sec. 28. If any person shall wilfully or maliciously do, or cause to be done, or aid in doing or causing to be done, any act or acts whatever, whereby any building, construction or work of said company, or any engine, machine or structure, or any matter or thing appertaining to the same, shall be stopped, obstructed, impaired, weakened, injured or destroyed, the person or persons so offending shall be guilty of a misdemeanor, and may be punished, upon conviction, by fine or by imprisonment not exceeding five years, or both, at the discretion of the court; and shall forfeit and pay to said corporation treble the amount of damages sustained by means of such offence or injury, to be recovered in the name of said company, with costs of suit, by action of trespass or tresspass on the case. Sec. 29. Said company shall at all times, if required by the post tion of U. S. mail. office department, transport the United States mail upon said road, as Transportaoften as their cars shall pass thereon, not exceeding twice in each day, for such compensation as shall be agreed upon by said company and the said department; and in case no such agreement can be made, it shall be lawful for the Governor of this State to appoint one commissioner, and the said company one, who, in case they cannot agree, shall appoint a third commissioner; which said commissioners, or a majority of them, shall agree upon and fix the price, terms and conditions of transporting such mail, after fifteen days' notice to said company Provided, That nothing herein contained shall be construed to require any of the vehicles of said company to wait at any office for the change of mail. to purchase Sec. 30. The state may at any time after twenty years from the State right approval of this act, purchase and take from said company said rail road. road, and all the effects, assets and property of said company, and said rail road, property and appurtenances (subject to all existing mortgages or other liens thereon, on account of loans, the proceeds of which shall have been invested in the said road and other works of said company) shall fully and forever vest in and become the estate, property and effects of the state, to all intents and purposes, so soon and whenever, after the day aforesaid, the state shall pay or cause to be paid to said company, the value of the entire stock of said shares in said company, at the market value of such stock or shares, and ten per cent in addition to the market value of such stock or shares. The market value of said stock or shares to be ascertained by the supreme court of this state, in case the said company and the state cannot agree upon said value. Lien of inha Sec. 31. Any inhabitant of this State shall have a lien upon the stock, appurtenances and entire property of said rail road company for bitants. 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 such company. Duration of Repeal, &c. Sec. 32. This act shall be and remain in force for the term of sixty years from and after its passage; but the legislature may at any time charter. alter, amend or repeal this act by a vote of two-thirds of each branch thereof, but such alteration, amendment or repeal shall not be made within twenty years of the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act. Approved April 3, 1848. Incorporat'n No. 235. AN ACT to incorporate the Grand River Plank Road Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Louis Campau, Amos Rathbone, Edmund B. Bostwick, Francis H. Cumming, Nelson Robinson, George M. Mills and Canton Smith, 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 Grand River Plank Road Company, and 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 corporate and politic, by the name and style of the Grand River Plank Road Company, with corporate succession. Sec. 2. Said company hereby created shall have the power to lay Route of ro'd out, establish and construct a plank road and all necessary buildings, from the village of Grand Rapids in the county of Kent, on the most eligible route to the village of Portland in the county of Ionia. Capital sto'k Duration of charter. Repeal, &c. Sec. 3. The capital stock of said company shall be seventy-five thousand dollars, in three thousand shares of twenty-five dollars each. Sec. 4. This act shall be and remain in force for the term of sixty years from and after its passage, but the legislature may at any time alter, amend or repeal this act by a vote of two thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years from the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act: Provided, That after said thirty years, no alteration or reduction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company over and above all expenses, shall exceed ten per cent. on the capital stock invested, provided there be no violation of the charter of said company. Sec. 5. The provisions of an act entitled an act relative to plank roads, approved March 13, 1848, shall be, and are made a part of this act. Sec. 6. This act shall take effect from and after its passage. No. 236. AN ACT to incorporate the Monroe and Erie Plank Road Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Lewis H. Bailey, Lewis Darrah and Samuel J. Holley, 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 Monroe and Erie plank road company, and 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 and corporate by the name and style of the Monroe and Erie Plank Road Company, with corporate succession. Subject to general provisions of revis'd statutes Incorporat'n Sec. 2. Said company hereby created shall have the power to lay Route ofro'd out, establish and construct a plank road, and all necessary buildings, from the city of Monroe, in the county of Monroe, on the most eligible route to the village of Vienna in said connty. Sec. 3. The capital stock of said company shall be fifty thousand Capital. dollars, in two thousand shares of twenty-five dollars each. charter, its Sec. 4. This act shall be and remain in force for the term of sixty Duration of years from and after its passage, but the legislature may at any time repeal, &c. alter, amend or repeal this act by a vote of two-thirds of each branch thereof, but such alteration, amendment or repeal shall not be made within thirty years of the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of this act: Provided, That after said thirty years no alteration or reduction of the tolls of said company shall be made during its existence unless the yearly nett profits of said company over and above all expenses, shall exceed ten per cent. on the capital stock invested, provided there be no violation of the charter of said company. Co. may take portion of Maumee turnpike. Com. coun. roe may sub Sec. 5. As soon as said company shall be duly organized, the board of directors are hereby authorized to enter upon aud take pos session of so much of the Maumee turnpike road, so called, as lies between said city of Monroe and the village of Vienna in said county, and maintain a plank road thereon: Provided, That during the construction of said plank road, the said company shall in no [wise] unnecessarily prevent travel thereon. Sec. 6. The common council of the city of Monroe are hereby aucil of Mon- thorized to subscribe for said city an amount not exceeding in all five scribe stock. thousand dollars of the capital stock of this, or of any other company authorized to locate and construct a plank road terminating at said city, and provide for the payment thereof as for the ordinary expenses of said city. General provisions. Sec. 7. The provisions of an act entitled an act relative to plank roads, approved March thirteen, eighteen hundred and forty-eight, shall be and are made a part of this act. Sec. 8. This act shall take effect from and after its passage. No. 237. AN ACT to change the name of the town of Michigan. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That the name of the town of "MichName of ca- igan" in the county of Ingham, be and the same is hereby changed to "Lansing." pitol chang'd Approved April 3, 1848. No. 238. Incorporat 'n AN ACT to incorporate the Jackson and Michigan Plank Road Com pany. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That George B. Cooper, Guy Foote, Wilber F. Story, Amos Root and Jeremiah Marion, be and they are hereby appointed commissioners under the direction of a majority of |