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date thereof: Provided, That in every case where the term of ten Proviso.
years has already expired from the date of any such recognizance,
and the presumption of payment thereof shall not already have
arisen by the lapse of twenty years from its date, the lien of said
recognizance shall continue and remain for the term of one year
from the passage of this act: Provided, That this act shall in no Proviso.
way affect the recognizance of the sheriff of the county of
Philadelphia.

SECTION 2. That the expiration of the lien of any sheriff's Lien for damagoa recognizance upon the real estate owned by such sheriff, under for oficial delinthe provisions of this act, shall not release such sheriff, his ad. quency. ministrators or executors from liability to answer any claims which may be established for damages occasioned by official delinquency or misconduct of said sheriff.

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. 566.

AN ACT

To incorporate the Western Life Insurance and Trust Company, to be

located in the city of Philadelphia. 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 Henry Davis, George Reed, R. J. Mercer, John D. Watson, Commissioners. John Wallace, John Noble, G. W. Simons, W. S. Grant, E. S. Handy, A. M'Intyre, Vincent L. Bradford, W. J. P. White, Thomas S. Darling, Thomas Potter, Israel B. James, Moncure Robinson, William Taylor, H. Stevenson, Henry D. Moore and Charles Kochersberger, are hereby appointed commissioners, who, or any five of whom, are authorized and empowered, from and after the passage of this act, to establish an insurance and trust company by the name and title of the Western life insu.

Namo. rance and trust company, to be located in the city of Philadelphia, with a capital stock of fifty thousand dollars, divided into shares Capital stock. of fifty dollar each, with the right to increase said capital, at any time, to three hundred thousand dollars; and to be organ. ized and managed according to the provisions of an act to Bebfoot to. provide for the incorporation of insurance companies, approved the second day of April, Anno Domini one thousand eight hundred and fifty-six; and shall be limited to risks designated in

Sabject to.

the second class in the seventh section of said act, with the right to transact its business upon the mutual principle in con Dection with its capital stock as aforesaid.

SECTION 2. That the said Western life insurance and trust company, its successors and assigns, shall also hold, possess, use and enjoy the same rights, privileges and franchises, as have heretofore been granted to the American life insurance and trust company of the city of Philadelphia.

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

WM. M. FRANCIS,

Speaker of the Senate. APPROVED-The thirty-first day of March, Anno Domini one thousand eight hundred and sixty.

WM. F. PACKER.

No. 567.

AN ACT

To incorporate the Union Hall Association of the Falls of Schuylkill.

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 Corporators.

Joseph Sorber, William G. Duey, Isaac S. Richman, Peter Bechtel, Charles F. M'Ewen, Christian Hess, John R. Johnson, J. Knight Uhler, Samuel Sutcliff

, Jacob Dietrich, Theodore Reaves, William L. Morrison, and their associates and assigns, be and

they are hereby constituted a body politic and corporate, by the Style.

name, style and title of the Union hall association of the Falls of Schuylkill, with a capital stock of ten thousand dollars, to

be divided into one thousand shares of ten dollars each. Time and place Section 2. The persons named in the first section of this act of opening books. shall act as commissioners to open books, at such time and place,

and upon such notice and terms as they may think fit, for sub scriptions to the said capital stock, and to keep the same open until the said shares of stock, or at least one-third of the same,

shall have been subscribed, with liberty to become subscribers When this sot to thereto themselves ; and upon one-third of the said shares being take effoot.

80 subscribed, this act of incorporation shall immediately take

effect. Objootr.

ŞECTION 3. The object of such association shall be the ereetion and maintenance, at the Falls of Schuylkill, of a hall and suitable building for the use and accommodation of public meer ings, societies, libraries and other public and legitimate purposes, upon such terms and in such manner as the by-laws may prescribe.

.

Section 4. The said corporation, by the said name, style and Namo. title, shall have perpetual succession, and shall have authority to hold and use a common corporate seal, and the same to change, seal. alter and amend at pleasure ; and by that name, style and title chall be capable in law to sue and be sued, implead and be im- Powers. pleaded, in any court of law or equity in this commonwealth, or elsewhere; and may make all needful rules, regulations and by-laws for the government and ordering of the affairs of the corporation, so that the same in no wise conflict with the laws and constitution of this commonwealth or of the United States.

Section 5. The said corporation shall be able and capable in Real estate. law to purchase, take, receive and hold real estate in this commonwealth, not exceeding the annual value of five thousand dollars, with power to sell, mortgage, lease, or otherwise dispose of the same, and to erect such buildings thereon as may be necessary for the purposes of their incorporation.

Section 6. The stockholders of the said company shall, on Election of offthe first Monday in December, in each and every year, elect a cers. president, twelve managers and a treasurer, to serve for one year Terms. from the first day of January next ensuing such election; and at such election, each stockholder holding five shares or less of the said stock shall be entitled to one vote for each of such Votes. shares, and each stockholder holding more than five shares shall be entitled to one vote for every five additional shares: Provided, Proviso. That no stockholder shall be entitled to more than ten votes.

Section 7. The persons named in the first section of this act First officers. shall act as officers and managers of the said corporation until the first day of January, in one thousand eight hundred and sixty-one, when the officers elected by the stockholders as aforesaid shall succeed them; and for this purpose the said persons shall choose one of their number as president, and another as treasurer: Provided, That in case of the resignation or withProviso. drawal of any one or more of the said persons, the remainder of them may elect one or more persons, from among the stockholders, to supply the vacancy, until the said first day of January, one thousand eight hundred and sixty-one.

Section 8. Dividends upon the capital stock of the corpora- Dividends. tion may be declared and paid whenever the managers may deem it advisable, but such dividends shall in no wise exceed the amount of actual net profits acquired by the corporation.

Section 9. The first meeting of the stockholders of the said First meeting, corporation shall be convened at such time and place as the said persons named in the first section of this act may deem advisable; and at such meeting, measures shall be adopted for the enacting of by-laws and other regulations of the said corporation, and for the providing of other and further regular and special meetings of the said stockholders.

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

WM. M. FRANCIS,

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

WM. F. PACKER.

&o.

No. 568.

AN ACT

For the Belief of Theodore Franks.

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, Thai the state treasurer is hereby authorized and required to pay Theodore Franks, the sum of one thousand four hundred and fifty-two dollars and fifty cents, being the amount, in full, roported in his favor by the canal commissioners in their report of one thousand eight hundred and fifty-eight.

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. 569.

AN ACT

Relating to the Trevorton Coal and Railroad Company. Preamble. WHEREAS, The property and franchises of the Trevorton coal

and railroad company may be sold at public sale, under the judgment or decree of the supreme court of the state of Pennsylvania; 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 Purohasers to be the person or persons for and on whose account the railroad, * body politie. lands and real or personal property of the said the Trevorton

coal and railroad company, or any part thereof, may be pur

chased, be and are hereby constituted a body politic and corpoStylo.

rate, in deed and in law, under the name and style of Trevorton Powers. coal company, with all the rights, powers, privileges, immunities,

franchises and appurtenances heretofore granted to or conferred

upon the said the Trevorton coal and railroad company; the capiCapital tal of said company shall be one million dollars, in shares of one

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hundred dollars each, with privilege to increase the same to two
millions dollars, and with full power and authority to borrow May borrow
such sums of money, not exceeding nine hundred thousand dol- money.
lars, at any rate of interest not exceeding ten per cent. per an-
num, and issue bonds of the company, in sums not less than
one hundred dollars each, and secure the same by one or more

mortgages upon the estate, railroad, and on the corporate fran- Bond and mort-
chises of the said company, and may, also, secure the same, or gage.
any part thereof, by one or more separate mortgages on the per-
sonal property, or any part thereof, of the said company; and

ferred stock.

may, also, create such additional stock, issued over one million Additional stook
dollars as preferred stock, upon such terms and with such privi-
leges as they may deem proper, and may issue such common or Common or pre-
preferred stock upon such terms and at such rates as they may
deem expedient; and shall further have authority, at their dis-
cretion, to assume and adjust any debts due by, or any interest
in, the Trevorton coal and railroad company, or with any credi-
tor thereof, or any person interested therein.

chasers.

SECTION 2. That the person or persons for and on whose ac- Meeting of pur
count the said railroad, its property and franchises, or any part
thereof, shall have been purchased, shall meet in the city of
Philadelphia, within fifteen days after the delivery of the deed
therefor, due notice thereof having been given five days previ-
ously, in two daily papers published in the city of Philadelphia,

and elect a president and six directors, who shall continue in Election of offi-
office until the first Tuesday in May, one thousand eight hun- cers.
dred and sixty-one, when, and annually thereafter, on the same

day, an election of president and six directors to serve for one Annual election.
year, shall be held as prescribed in the acts relating to the Tre-
vorton coal and railroad company; and a certificate of such first Certificate of to
election shall, within thirty days thereafter, be filed in the office be filed in office
of secretary of
of the secretary of state of this commonwealth, and a certified commonwealth.
copy thereof shall be evidence of the corporate existence of the
said Trevorton coal company.

JOHN M. THOMPSON,

Speaker of the House of Representatives pro tem.

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APPROVED-The twenty-eighth day of March, Anno Domini

one thousand eight hundred and sixty.

WM. F. PACKER.

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