No. 559.

A SUPPLEMENT

To an act to incorporate the Lafayette Mutual Insurance Company of Phila

delphia, approved the twenty-sixth day of April, Anno Domini one thoasand eight hundred and fifty-five.

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 May issue cortifi, it shall and may be lawful for the president and directors of the cates of preferred stock

Lafayette mutual insurance company of Philadelphia, on all cash subscriptions to stock, to issue certificates of preferred stock, which stock shall be entitled to be first paid such a divi.

dend as shall have been duly declared before any dividend shall Proviso. be paid on the other stock of said company: Provided, That

upon the declaration of any dividend or dividends, it shall be the duty of the president and directors thereof, within thirty days thereafter, to pay, or cause to be paid, unto the state treasurer, the rate of tax now imposed by general law upon divi

dends of institutions incorporated by this commonwealth. May increaso SECTION 2. That authority is hereby given to increase its prenumber of direc- sent number of directors from thirteen to twenty-five.

JOHN M. THOMPSON, Speaker of the House of Representatives pro tem.

WM. M. FRANCIS,

Speaker of the Senate. APPROVED—The third day of April, Anno Domini one thousand eight hundred and sixty.

WM. F. PACKER.

tors.

Preamble.

Relative to the Belmont Avenue and Plank Road Company. Whereas, The Belmont Avenue and plank road company are desirous of improving their road by the construction of a rail way and turnpike, as heretofore provided by acts of assembly, without resorting to a loan, and mortgaging their property for that purpose; therefore,

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 Belmont Avenue and plank road company be and they are May issue prehereby authorized and empowered to create, issue and sell, to ferred stock. subscribers therefor, fifteen hundred shares of preferred stock,

of the par value of fifty dollars each, and to apply the proceeds Proceeds, how
thereof to the construction, use and maintenance of a turnpike applied.

and railway, on and along the line of their road, so far as the
same is or shall hereafter be laid out and opened to public use;
and that the extension to the Haverford road, as authorized by
the act of assembly, approved the twenty-sixth of April, one
thousand eight hundred and fifty-five, may be made whenever
the said company shall deem it expedient.

in dividends.

SECTION 2. That the holders of said preferred stock shall be Holders of to entitled to and have preference over all other stock of said com- have preference pany, in every dividend of profits which shall be made by the same, until the amount of dividends so made and declared shall be equivalent to seven per cent. per annum from the time of issuing such preferred stock, when the preferred and common stock shall be in all respects alike, and thereafter entitled to equal portions of the profits and dividends of said road: Pro- Proviso. vided, That the time when said preferred stock shall merge, and become common stock, shall not exceed fifteen years from the passage of this act.

ers.

SECTION 3. That the subscribers to or purchasers of the stock Privileges of prehereby authorized to be created, and their successors or assigns, ferred stockholdshall, at the meetings and elections of said company, and at all other times, be entitled to all the rights and privileges to which the common stockholders are entitled.

the state treasurer is hereby authorized and directed to pay to Captain James Whaley the sum of fifty-five dollars, in full of all money by him expended in marching his troops from Connellsville to Pittsburg, in the year one thousand eight hundred and twelve, as also for services and extra rations: Provides That the auditor general is of opinion that the same has not been previously paid.

JOHN M. THOMPSON, Speaker of the House of Representatives pro tem.

WM. M. FRANCIS,

Speaker of the Senate. APPROVED—The third day of April, Anno Domini one thousand eight hundred and sixty.

WM. F. PACKER.

No. 562.

AN ACT

Relative to the payment of Collateral Inheritance Tax on the Estate of God.

frey Greensweig, deceased, of Monroe county. 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 John Merwine and William Walp, executors of the last will and testament of Godfrey Greensweig, late of Ross township, Monroe county, deceased, who died in December, one thousand eight hundred and forty-nine, be released from the payment of collateral inheritance tax upon more than the appraisement of the real estate of said decedent, to wit: On one thousand four hun. dred and forty-seven dollars, with six per cent. interest thereon, from the date of the appraisement, made thirteenth of March, one thousand eight hundred and fifty: Provided, That the said executors pay the sum unto the register of Monroe county within three months from the passage of this act.

JOHN M. THOMPSON, Speaker of the House of Representatives pro tem.

WM. M. FRANCIS,

Speaker of the Senate APPROVED— The third day of April, Anno Domini one thou. sand eight bundred and sixty.

WM. F. PACKER.

No. 563.

AN ACT

To correct a Clerical Mistake in the amount of certain Property assessed

for State Taxes in the county of Huntingdon.

WHEREAS, The board of revenue commissioners, in their certified report for the year one thousand eight hundred and fiftyseven, have, through mistake, charged the county of Huntingdon with an amount of property subject to a tax of three mills on the dollar, of five millions nine hundred and five thousand and six dollars :

And whereas, The true amount of the above described property, according to the assessment thereof, was only five mil

one hundred and eight thousand four hundred and ninetysix dollars; therefore,

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 in the adjustment and payment of the said taxes, the sum of five millions one hundred and eight thousand four hundred and ninety-six dollars shall be taken and considered as the true amount of property subject to a tax of three mills on the dol. lar for the year one thousand eight hundred and fifty-seven, and two and a half mills on the dollar in the years one thousand eight hundred and fifty-eight and one thousand eight hundred and fifty-nine, assessed in and payable by the said county of Huntingdon.

JOHN M. THOMPSON, Speaker of the House of Representatires pro tem.

WM. M. FRANCIS,

Speaker of the Senate. APPROVED-The third day of April, Anno Domini one thousand eight hundred and sixty.

WM. F. PACKER.

а

No. 564.

AN ACT

To authorize the State Treasurer to refund certain Collateral Inberitance

Tax to the Administrators of the Estate of Lois H. Hazlehurst, deceased.

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 the state treasurer is hereby authorized to pay to Misses Julianna Hazlehurst, Mary Hazlehurst, Harriet Hazlehurst and Julianna Hazlehurst, administratrix of the estate of Lois H. Hazleburst, deceased, the sum of three hundred and three dollars and fiftyeight cents, being the amount of the collateral inheritance tax paid by them on their legacies, under the will of Mrs. Elim Kohn, deceased, and which legacies were not liable to the said tax.

JOHN M. THOMPSON, Speaker of the House of Representatives pro tem.

WM. M. FRANCIS,

Speaker of the Senate. APPROVED—The third day of April, Anno Domini one thousand eight hundred and sixty.

WM. F. PACKER.

No. 565.

AN ACT

Regulating the Lien of Sheriffs' Recognizances. Section 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly

net, and it is hereby enacted by the authority of the same, That Lien of sheriffs' recognizances entered into by the sheriffs of the several counrocognizancos. ties of this commonwealth shall continue to be a lien on the

real estate owned by said sheriffs, respectively, at the dates of said recognizances, for the term of ten years from said dates; and that every recognizance heretofore executed by any sherih, of any county in this commonwealth, shall be a lien on the real estate of said sheriff, owned by him at the time when said ro cognizance was dated, for the like term of ten years from the