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AN ORDINANCE

To extend the time for the construction of the River and Lake Shore City Railway, as authorized by an ordinance passed December 21, 1863.

The mayor and common council of the city of Milwaukee do ordain as follows:

Section 1. The time allowed to the River and Lake Shore City Railway Company to construct and complete the first one mile and a half of the lines of its railway, as required by the first section of an ordinance passed December 21, 1863, authorizing the extension of said company's road from the south end of East Water street to the city limits, near the Forest Home cemetery, is hereby extended for the period of one year from the first day of February, 1865, with all the rights, privileges and immunities in said ordinance contained.

Provided, that said company will commence the construction of said work in six months from date, January 23, 1865.

Passed January 30, 1865.

XV. MILWAUKEE CITY RAILWAY COMPANY.

Milwaukee City Railway Company, incorporated.

AN ACT

To incorporate the Milwaukee City Railway Company. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

Section 1. John Plankinton, Frederick Layton, Samuel Marshall, Charles F. Ilsley and Walter S. Johnson, and their associates and successors, are hereby created and constituted a body corporate and politic, by the name of the "Milwaukee City Railway Company," with all the powers and authority incident to corporations, for the purposes hereinafter mentioned.

Section 2. The capital stock of said corporation shall be one hundred thousand dollars, and may be increased from time to time at the pleasure of the corporation. The capital shall be divided into shares of one hundred dollars each, and shall be issued and transferred in such manner

and upon such conditions as the board of directors shall prescribe.

Section 3. All the corporate powers of said corporation shall be vested in and exercised by a board of directors, and such officers and agents as shall be appointed by the board. The corporators named herein shall constitute the first board of directors, and thereafter the board shall consist of five or more stockholders, who shall be chosen annually by the stockholders at such time and in such manner as may be prescribed by the by-laws of said corporation. The directors shall hold their offices until their successors are elected and assume their duties. Vacancies which may happen in the board by death, resignation or otherwise, may be filled by the board. The board of directors may adopt such by-laws, rules and regulations for the government of said corporation and the management of its affairs and business, not inconsistent with the laws or constitution of this state or the United States, as they may think proper.

Section 4. The said corporation is hereby authorized and empowered to construct, maintain and operate a single or double track railway, with all necessary and convenient tracks for turnouts, side tracks and appendages, in the city of Milwaukee, and in, on, over and along such streets, highways, bridges, rivers and bayous in the present or future limits of the city of Milwaukee, as the common council of said city shall from time to time authorize and permit, in such manner and upon such terms and conditions, and with such rights and privileges as such common council may from time to time prescribe; but said corporation shall not be liable for the loss of any baggage carried on any such railway, kept in and under the care of its owner, or its servant or agent.

Section 5. The said corporation is hereby authorized to extend any railway hereby authorized to be built, to any point or points within the limits of Milwaukee county, and with assent of the supervisors of any town, may lay the necessary and convenient track or tracks, and maintain and operate its railway or railways in, upon, over and along any common highway and bridge in such town, but in such manner as not to obstruct the common travel of the public over the same. In all cases where vehicles shall meet or be overtaken by the cars or carriages of such

railways, either in the city or the county, such vehicles shall give way to the cars or carriages of the railway, so as not unnecessarily to hinder or detain them.

Section 6. The said company is hereby authorized to purchase or lease the railway and rolling stock and any other property of the "River and Lake Shore City Railway Company," in the city of Milwaukee, or any part thereof, with all its rights and privileges, and to have and use and operate and enjoy all such railway and property and rights and privileges so leased or purchased as fully to all intents. as said "River and Lake Shore City Railway Company" could have, use, operate and enjoy the same, or as the corporation hereby created is or may be authorized to have, use, operate and enjoy any railway or other property constructed or owned by such corporation, and any rights and privileges granted to and had and enjoyed by it.

Section 7. It shall be lawful for the corporation hereby created, to issue and dispose of its corporate bonds, bearing interest at the rate of seven per cent per annum, at such times and in such manner as the board of directors may from time to time determine, and to secure the same by a mortgage or mortgages, or trust deed or deeds of the company's railway and other property, or any part thereof, which mortgages or deeds, or any of them, may lawfully be made to cover and convey, as well railway and property proposed to be so constructed, operated and used by said company, as railway and property, at the time of making such mortgage or deed, actually constructed, operated and used by it: provided, that the whole amount. of bonds actually issued and disposed of at any time, shall not exceed in the aggregate six thousand dollars for each mile of railway completed and operated by said company; and provided, further, that the issuing of any such bonds to be so secured, shall be approved by the votes of stockholders of said company owning and holding three-fifths in amount of the capital stock thereof, at a regular meeting of such stockholders, or at a special meeting called for that purpose, of which at least six days' notice shall be given by publication in some newspaper published in the city of Milwaukee.

Section 8. The said company is hereby authorized to negotiate and dispose of such bonds or any part thereof, from time to time, as sufficient of its railway shall be con

structed, to authorize the same under the provisions of this act, to such persons or corporations, or other parties, on such terms and at such rates as may be agreed on, any law on the subject of usury to the contrary notwithstanding.

Section 9. This act shall take effect and be in force from and after its publication.

Approved March 28, 1865.

AN ACT

To authorize the Milwaukee City Railway Company to issue bonds.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

Section 1. The Milwaukee City Railway Company is hereby authorized and empowered to issue and dispose of its corporate bonds to an amount not exceeding fifty thousand dollars, bearing interest at such a rate and payable at such time and place as said company shall determine, and such bonds, and interest coupons attached thereto, shall be valid, anything in any law of this state on the subject of usury to the contrary notwithstanding; and said company is hereby authorized and empowered, for the purpose of securing the payment of such bonds, with the interest thereon, to make, execute and deliver a trust deed or a mortgage of its railways and other property used or connected therewith, in the city of Milwaukee, or any part of such railways and other property, and such trust deed or mortgage may lawfully be made to cover and convey any railway and other property used or connected therewith, to be constructed, owned and used by said company after the date of such trust deed or mortgage, as well as such railways and other property, as are then constructed, operated and used by said company; provided, that the issue of such bonds shall be approved by the votes of stockholders owning and holding three-fourths in amount of the capital stock of said company.

Section 2. Said company is hereby authorized to nego tiate and dispose of such bonds and of any part thereof, to such persons and parties, and on such terms, and at such rates as may be agreed on, anything in any law of this

Bonds.

state on the subject of usury to the contrary notwithstanding.

Section 3. This act shall take effect and be in force from and after its publication.

Approved March 23, 1866.

On streets on East,

sides.

AN ORDINANCE

To authorize the construction and operation of certain horse railways in the city of Milwaukee.

The mayor and common council of the city of Milwaukee, do ordain as follows:

Section 1. There is hereby given and granted to the West and South Milwaukee City Railway Company, and to its successors and assigns, the exclusive right, permission and authority to lay a single or double track for a railway, with all necessary and convenient tracks for turn-outs, side-tracks and switches, in and along the course of the streets and bridges, in the city of Milwaukee, hereinafter mentioned; and the same to keep, maintain, use and to operate thereon railway cars and carriages, in the manner and upon the conditions hereinafter prescribed, and for and during the full term of twenty-five years.

Section 2. The said company is hereby, as above mentioned, authorized to lay a single or a double track for such railways in and along the course of the following streets of the said city, and to extend the same as follows: Commencing at the east end of Chestnut street bridge, in the Seventh ward of said city, thence with a double track over and across said bridge to Chestnut street; thence westerly along Chestnut street to Third street; thence northerly along Third street to Walnut street; thence westerly along Walnut street to its intersection with Fond du Lac avenue; thence along Fond du Lac avenue to the present and future limits of the city. Also commencing at the intersection of East Water and Wisconsin streets, thence westerly along Wisconsin street to Spring street bridge; thence with a double track over and across said bridge to Spring street; thence westerly up and along Spring street to the present and future limits of the city. Also commencing at the intersection of East Water street and Huron street, thence westerly along Huron street to Huron street

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