Election of directors. Officers. Quorum. By-laws, etc., Subscription book. Certificates. In case of default. Forfeiture. to designate the kind and style of bridge to be constructed. Section 6. On the second Monday of January, one thousand nine hundred and four, in each succeeding year, the owners of the stock of said company shall meet, at some place to be designated by the board of directors thereof, in the city of Easton, in said county of Northampton, to elect a new board of directors; and the board of directors so elected, and their successors, shall continue in office until the second Monday in January next after they shall have been elected, and until others have been elected in their places. The directors of said company shall have power to appoint a president, secretary, and treasurer, from their num ber, who shall continue in office until the second Monday in January next after their appointment, or until others are elected or appointed in their places. The office of secretary and treasurer may be held by one person, if the board of directors so determine. A majority of said directors, at a meeting duly called, and when all have been notified of the business to be transacted, shall be a quorum, capable of transacting the business of the company and shall have power to make such by-laws, rules and regulations, not inconsistent with the laws of the United States, this State, or the State of New Jersey, or the provisions of this act, as may be necessary and proper for regulating the government and management of the affairs of the corporation. Section 7. The board of directors named herein shall prepare a subscription-book, in which to procure subscriptions for the stock of said company, which shall provide for the payment of moneys therefor in instalments, but no part thereof shall be made payable until after ten thousand dollars ($10,000) of said stock shall have been subscribed, and not until the said bridge shall have been located, as hereinbefore provided; and when said bridge shall have been located, the board of directors shall have power to require and enforce payment of said subscriptions, as provided in said subscription-book; and when the same shall be fully paid, the directors of said company shall issue certificates to the stockholders, respectively, for each share of stock so paid for. Said certificates may be transferred or assigned. In case of default of payment on the part of any person who have subscribed for said stock, after thirty days' notice, in writing, served personally on such persons, or by depositing the same in the postoffice, directed to said persons at their last known places of residence, the directors may enforce payment by action, or, at their option, may declare such subscriptions forfeited, and the stock subscribed for by said persons, together with all payments which may have been made thereon, shall be forfeited, and the stock sold to others. directors, Section 8. No person shall be elected or appointed Qualification of a director of said company unless he be an owner of the stock of said company to the amount of two hundred and fifty dollars ($250). Each share of stock shall entitle the person who subscribed for the same to one vote at the meeting of the shareholders. Section 9. It shall and may be lawful for the corporation created under this act to take such real estate May take real and personal es and personal estate, and other property, as is nec- tate. essary for the purpose of its organization and business, and issue stock to the amount of the par value thereof in payment therefor, and the stock so issued shall be declared and taken to be fully paid stock, and not liable to any further calls or assessments. Section 10. It shall be lawful for the said corporation, in accordance with the terms and provisions of the general laws of Pennsylvania regulating the affairs of corporations, and particularly the act of April twenty-ninth, one thousand eight hundred and seventy-four, and its supplements, regulating the creation of mortgage indebtedness of corporations, to create Mortgage insuch mortgage indebtedness for this corporation: Pro debtedness. vided always, The amount of such mortgage shall not Proviso. exceed double the amount of the capital stock herein authorized. Section 11. It shall be lawful for the said company etc. to erect, build and maintain sufficient abutments and Abutments, plers, supports to said bridge, at the respective ends thereof, and to locate, build and maintain sufficient piers, poles and stays in the waters of the Delaware river, or its bars, islands or shores, for said bridge; and to do all other things necessary to erect and maintain the same: Provided, however, That the navigation of said river Proviso. shall be left unobstructed by any pier or stay of said bridge, to the width of at least one hundred and fifty feet, rafting-channel of said river. Real estate. Section 12. The said corporation, by and through the president and directors thereof, is hereby empow ered to purchase, take by deed, and hold, such real estate, either side on said river, as may be useful, necessary or convenient for the uses and purposes of said bridge, and for the necessary roads leading to and from the same. In case the said directors cannot agree with the parties owning the lands so required, the said corporation is hereby authorized to acquire How title may title by the same proceedings as title to real estate may be acquired for railroad purposes, under the laws of this State. be acquired. Section 13. If the directors of said company, after its organization, shall determine to increase the capi- Increase of stock. tal stock of said company, as hereinbefore provided, 10 Laws. Toll-gates. Rates. Wilful injury, obstruction, etc. Damages. Misdemeanor. Forcing of gates, etc. Penalty. they are hereby authorized to receive subscriptions thereof, in the same manner provided, and may require payment thereof in the same manner as provided in section seven of this act. Section 14. As soon as said bridge shall be completed, it shall be lawful for said company to erect a toll-gate or gates, at or near said bridge, and to fix, exact, demand, receive, and collect of all persons passing and repassing over said bridge, a toll, to be received and collected for the use of said company; and to make such erections as the directors may deem expedient to guard the entrance of said bridge; but said tolls shall not exceed the following rates, namely: For every stage, wagon, carriage, hack, sleigh, or vehicle, drawn by two horses or mules, twelve cents; for every additional horse or mule, six cents; for every carriage, wagon, sleigh, vehicle, cart, or sulky, drawn by one horse or mule, six cents; for every horse, mule or cow, five cents; for every person crossing said bridge on foot, two cents. Section 15. If any person shall wilfully do or cause to be done any act or acts, whatever, whereby said bridge or any appurtenances thereto belonging shall be obstructed, impaired, weakened, injured or destroyed, the person or persons, so offending, shall forfeit to the said company treble the damages sustained by reason of said offense or injury; to be recovered in the name of the corporation, with costs of suit, by an action in any court having jurisdiction thereof; and such person shall be deemed guilty of a misdemeanor, and be punished by fine or imprisonment, or both, as provided by law for the punishment of misdemeanors when no other punishment is prescribed. Section 16. If any person or persons shall force or attempt to force any of the gates of said company, or shall attempt to cross said bridge without the payment of the toll demanded by the said company, or fixed by this act, such person or persons shall forfeit and pay to the said company the sum of five dollars, which said sum may be recovered by said company as a penalty for said act, with costs. Section 17. Said bridge shall be constructed within five years after the passage of this act. Section 18. It shall be lawful for the said president and directors to erect a gate and receive toll, at or near the west end of said bridge, or at or near the east end thereof, at the discretion of the said president and directors. Section 19. This act shall take effect immediately. Approved-The 3d day of April, A. D. 1903. SAML. W. PENNYPACKER, No. 105. AN ACT To incorporate the Warren Bridge Company, in Northampton county, Pennsylvania; and to authorize the building of a bridge, by the said Warren Bridge Company, across the Delaware river, at Raubsville; and authorizing the said Warren Bridge Company, by and with the consent of the Commonwealth of New Jersey, to construct the said bridge, in conjunction with any company that has obtained or may obtain the consent of the said Commonwealth of New Jersey. Section 1. Be it enacted, &c., That H. H. Haines, J. H. Haggerty, W. H. Sawin, J. F. Riley, and W. R. Grubb, and all other persons who may hereafter be subscribers to or holders of the stock hereinafter mentioned, are hereby constituted a body corporate, by the name of the Warren Bridge Company, for the purpose of erecting, constructing, maintaining, and managing a bridge across the Delaware river, from a point at or near the Delaware House, at Raubsville, in the county of Northampton, and State of Pennsylvania, to connect that place with the village of Carpentersville, in Warren county, New Jersey, at a point nearly opposite the said village of Raubsville; the immediate location to be fixed hereinafter provided. Section 2. That it shall be lawful for the said War. ren Bridge Company, and it is hereby authorized, by and with the consent of the Commonwealth of New Jersey, or in conjunction with any company that has obtained or may obtain the consent of the said Commonwealth of New Jersey, to construct a toll-bridge, as described in the other sections of this act. Warren Bridge corporated. Bridge across the Delaware river. Authorized to erect toll-bridge. Section 3. The affairs of said company shall be managed by five directors, and H. H. Haines, J. H. Directors. Haggerty, W. H. Sawin, J. F. Riley, and W. R. Grubb are hereby made directors of said company, to continue in office until the second Monday in January, one thousand nine hundred and four, and until others shall be selected or appointed in their stead, as hereinafter provided. The said directors shall have power to fill any and all vacancies in their number, occasioned by Vacancies. death, resignation or otherwise; and the said directors, so appointed to such vacancies, shall have the same power of the original directors, and shall continue in office until others shall be chosen according to this act. Any two of the said directors shall have power to call a meeting of such directors for the purpose of organization. At least two days' notice shall Organization. be given, stating the time and place for such meeting, which may be served personally or by mail. Section 4. The capital stock of said corporation Capital stock, shall be thirty thousand dollars ($30,000), with power to increase the same to sixty thousand dollars ($60, Meeting. Location of Election of directors. Officers Quorum. By-laws, rules, etc. Subscription book. Payments for Certificates. 000), if necessary. The said stock shall be divided into fifteen hundred (1500) shares, of twenty-five dollars ($25.00) each; and the directors and their successors are hereby authorized, and it shall be their duty, to solicit, procure, and receive subscriptions to said stock. Section 5. When stock to the amount of five thousand dollars ($5,000) in value shall have been subscribed for by responsible parties, the board of directors herein mentioned shall have the power to call a meeting, in accordance with the provisions of said act: first, as to the location of said bridge, so to be constructed, at or near the points above described; second, to designate the kind and style of bridge to be contructed. Section 6. On the second Monday of January, one thousand nine hundred and four, and in each succeeding year, the owners of the stock of said company shall meet, at some place to be designated by the board of directors thereof, in the city of Easton, in said county of Northampton, to elect a new board of directors; and the board of directors so elected, and their successors, shall continue in office until the second Monday in January next after they shall have been elected, and until others have been elected in their places. The directors of said company shall have power to appoint a president, a secretary, and treasurer, from their number, who shall continue in office until the second Monday in January next after their appointment, or until others are elected or appointed in their places. The office of secretary and treasurer may be held by one person, if the board of directors so determine. A majority of said directors, at a meeting duly called, and when all have been notified of the business to be transacted, shall be a quorum, capable of transacting the business of the company, and shall have power to make such by-laws, rules and regulations, not inconsistent with the laws of the United States, this State, or the State of New Jersey, or the provisions of this act, as may be necessary and proper for regulating the government and management of the affairs of the corporation. Section 7. The board of directors named herein shall prepare a subscription-book, in which to prepare subscriptions for the stock of said company, which shall provide for the payment of moneys therefor in instalments, but no part thereof shall be made payable until after five thousand dollars ($5,000) of said stock shall have been subscribed, and not until the said bridge shall have been located, as hereinbefore provided; and when said bridge shall have been located, the board of directors shall have power to require and enforce payment of said subscriptions, as provided in said subscription-book; and when the same shall be fully paid, the directors of said company shall issue certificates |