No. 712. AN ACT To incorporate the Drivers' Beneficial Association, number one, of the State of Pennsylvania. 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. William Tapper, A. Vansciver, John Moore, Samuel Coffman, G. W. Moore, and all other persons who now are or hereafter may be associated with them, and their successors, be and they are hereby created and erected into a body politic and corporate, Style. in deed and law, by the name, style and title of the Drivers' beneficial association, number one, of the state of Pennsylrania, and by that name shall have perpetual succession, and be able Powers and privi- to sue and be sued, plead and be impleaded, answer and be leges. answered in all the courts of law or equity within this eommodwealth and elsewhere; and also to be able to take and hold to them and their successors, either by grant, gift, devise, lease, absolute purchase, any lands or real estate for the purpose of erecting thereon any buildings for the use of said association ; and also to take and hold, for the use of said association, any goods and chattles, sum or sums of money, by gift, grant, bargain and sale, will, devise, bequest, loan, stock, or otherwise, from any person or persons whatsoever, capable of making the same, and the same at their pleasure to grant, bargain and sell for the use of said association, and generally to perform all and singular the matters and things which may be lawful for them so to do and to perform, for the well being and management of Proviso. the affairs of said association : Provided, That the real estate, of which the said corporation shall at any time be possessed, shall not exceed the yearly income of two thousand dollars: Proviso. And provided further, That all property, whether real, personal or mixed, now owned by said association and held by trustees for the use of said association, be and the same is hereby transferred and vested in the said corporators, their associates and successors, and for the purpose herein mentioned. Section 2. That it shall be lawful for the said corporation to Soal. have a common seal, and the same to change, alter and renew Further privi at pleasure ; and shall have and exercise all the rights and privilegos. leges necessary for the purpose of the corporation hereby constituted ; and shall have power and authority to make by-laws, conformable to this charter, and not in violation of the laws of this commonwealth or of the United Stạtes. W. C. A. LAWRENCE, Speaker of the House of Representatires. JNO. CRESSWELL, JR., Speaker of the Senate. APPROVED—The nineteenth day of April, Anno Domini one thousand eight hundred and fifty-nine. WM. F. PACKER. No. 713. AN ACT To regulate the building of Powder Magazines, and the deposit of Powder therein, within the county of Dauphin. W. C. A. LAWRENCE, Speaker of the Senate. APPROVED--The twenty-ninth day of June, Anno Domini one thousand eight hundred and fifty-nine. WM. F. PACKER Relative to the collection of Militia Taxes in the county of Washington. 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 treasurer of the county of Washington is hereby authorized to retain, out of any militia fines or commutation money collected and disbursed by him, five per centum of the same, in addition to the one per centum now allowed by law, for the receipt and disbursement thereof. W. C. A. LAWRENCE, Speaker of the House of Representatives. JNO. CRESSWELL, JR., Speaker of the Senate. APPROVED-The eleventh day of August, Anno Domini one thousand eight hundred and fifty-nine. WM. F. PACKER. No. 715. AN ACT To incorporate the Pennsylvania Fiscal Agency. 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 Commissioners. Samuel J. Reeves, Ellis Lewis, Garrick Mallory, Duff Green, David R. Porter, Jacob Ziegler, Charles M. Hall, Horn R. Kneass, appointed commissioners to receive subscriptions and to organize Style. a company, by the name and style of the Pennsylvania Fiscal Agency; and the owners of the shares herein authorized to be issued, when the company is organized, shall, under the name and style aforesaid, have perpetual succession; and may pur. Powers and pri- chase, hold and acquire, by any lawful means, estate, real and vileges. personal, and the same may use, sell, lease, let, mortgage, transfer and convey, and otherwise dispose of; and may sue and be sued, plead and be impleaded, contract and be contracted with; and have and use a common seal, and the same may change at pleasure ; and may make by-laws and regulations for the gove ernment of their affairs, and may have and use all the rights, powers and privileges which are or may be necessary for them to have as a company incorporated for the purposes herein stated : Proviso. Provided, That the said company shall not at any time hold, in this state, more land than may be requisite for the convenient transaction of their business. Purpose and ob- Section 2. That the purpose of this act is to organize an in. ject. corporated company, and to authorize them, as such, to become an agency for the purchase and sale of railroad bonds and other securities, and to make advances of money and of credit to railroad and other improvement companies, and to aid in like man. ner contractors and manufacturers, and to authorize them, as a company, to make all requisite contracts, and especially to receive and hold, on deposit and in trust, estate, real and personal, including the notes, bonds, obligations and accounts of states, and of individuals, and of companies, and of corporations, and the same to purchase, collect, adjust and settle, and also to sell and dispose thereof, in any market in the United States or elsewhere, without proceeding in law or in equity, and for such price and on such terms as may be agreed on between them and the parties contracting with them, and also to endorse and guarantee the payment of the bonds and the performance of the obligations of individuals, and of corporations, and of companies. Section 3. That the capital stock of said company shall con- Capital stock. sist of fifty thousand shares, of one hundred dollars each ; and the commissioners aforesaid, or a majority of them, may, in person or by proxy, open books of subscription at such times and Opening books of places as they deem expedient, and when five thousand shares subscription. shall have been subscribed, and five per centum thereon shall have been paid in, the shareholders may elect five or more direc- Election of direetors; and the directors of the said company, when it shall have tors. been organized, may and they are hereby authorized and empowered to have and exercise, in the name and behalf of the company, all the rights, powers and privileges which are intended to be berein given ; and may, from time to time, increase their resources by borrowing money on a pledge of their pro May borrow perty, or without such pledge, or by new subscriptions, not ex money, &c. ceeding fifty thousand shares; and any citizen or subject, company or corporation, of any state or country, may subscribe for, Who may gubpurchase and hold shares of the said company, with all the scribe for stock. rights, and subject only to such liabilities as other shareholders are subject to ; which liabilities are no more than for the pay.' ment to the company of the sums due or to become due on the shares held by them; and when new subscriptions are made, the shares may be issued at par, or sold for the benefit of the holders of the shares theretofore issued. Section 4. That the by-laws shall prescribe the manner in Oficers and which the officers and agents of the company shall be chosen, agents, how chosen, powers and designate their powers and duties, and their terms of ser- of, &c. vice, and compensation; and the principal office of the company Location of prip! shall be in the city of Philadelphia ; but the directors, under cipal office. ! such rules and regulations as they may prescribe, may establish May establish branches and agencies in Europe and elsewhere, and may deal branches. in exchange, foreign and domestic; but the said company shall Not to exercise not exercise the privilege of banking, nor issue their own notes banking privi leges. or bills to be used as bank notes or as currency. Section 5. That three-fifths of the directors of the said com- Qualification of directors. pany shall be citizens of the United States, and a majority of the whole shall reside in this state. Section 6. That the said company shall pay to the state trea. Bodas. surer, for the use of the state, a bonus of one-half of one per centum on the sum requisite to be paid in previous to the organization, payable in four equal annual instalments, the first pay ment to be made in one year after the payment on the capital bio stock shall be made, and also a like bonus on all subsequent pay ments on account of the capital stock of the said company, or any increase thereof, payable in like manner; and in addition ! Tax on dividends to such bonus, shall pay such tax upon dividends, exceeding sis per centum per annum, as 'is or may be imposed by law. W. C. A. LAWRENCE, Speaker of the House of Representatives. JNO. CRESSWELL, JR., Speaker of the Senate. APPROVED-The first day of November, Anno Domini one thousand eight hundred and fifty-nine. WM. F. PACKER. No. 716. AN ACT Relating to the Susquehanna and Waterford Turnpike Road, in Clarion, Jefferson and Clearfield counties. Whereas, By virtue of an act of general assembly, approred Preamble. the sixth day of April, A. D. one thousand eight bundred and fifty-nine, the corporate powers of the Susquehanna and Water ford turnpike road company have been repealed, without any sufficient provision being made for keeping said road in suitable repair for traveling; therefore, SECTION 1. Be it enacted by the Senate and House of Represente tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That Coarts of quarter the several courts of quarter sessions of the counties of Clarion, sessions to incor. Jefferson and Clearfield, or any two judges thereof, are author. porate companies ized and empowered, upon petition, to incorporate, in the said charge of road. counties, respectively, a company to take charge of that portion of said turnpike road which passes through the said county; which said companies, when incorporated, are hereby invested Powers and with all the powers, rights, privileges and franchises, and subrights. ject to all the restrictions and liabilities of the said turnpike road company within the limits of the respective counties. Company incor- SECTION 2. That the compiny incorporated in and for the counporated by the ty of Clarion, is hereby authorized to re-build the bridge across county of Tion to re-build the Clarion river, where said turnpike road crosses said river, bridge, &c. with all the rights, powers, privileges and franchises, and subject to the same restrictions and liabilities of the company which originally erected said bridge. W. C. A. LAWRENCE, Speaker of the House of Representatives. JNO. CRESSWELL, JR., Speaker of the Senate. • APPROVED— The sixth day of December, Anno Domini one thousand eight hundred and fifty-nine. WM. F. PACKER. |