Capital Stock. deem it proper, the capital stock of said company shall be one hundred thousand dollars, to be increased at the pleasure of the stockholders to two hundred thousand dollars, to be divided into shares of fifty dollars each, and shall have perpetual succession, and continue for the term of thirty years. Liabilities. SEC. 7. Be it enacted, That said company shall have Powers and all the powers a d privileges, and be subject to the same rules, regulations and restrictions, as are contained in an act passed the 29th day of December, 1847, chap. 43, incorporating the Mutual Protection Insurance. Company of Nashville, except where publication is required to be made, such publication shall be made, as directed by said company, and the individual property, both real and personal, of the stockholders in said company, shall be held and bound for the payment of the debts of said corporation, to the amount of his or her stock in said corporation, but no further, and the same powers, rights and privileges, granted to the Knoxville Marine, Fire Insurance and Life and Trust Company, by an act passed January 17, 1838, chap. 206, be and the same as far as applicable, are hereby extended to the said company herein incorporated, at Trenton. Open Books. Manufacturing SEC. 8. Be it enacted, That at their election, the persons mentioned in the 4th section of this act, may open books for the subscription of stock, instead of books for applications for insurance, and upon stock being subscribed to the amount of fifty thousand dollars, in shares of fifty dollars each, the company shall be organized, and the subscribers for stock shall be a body politic and corporate by the name and style of the Trenton Insurance Company, with all the rights, powers and privileges and subject to all the restrictions of the Memphis Insurance Company as incorporated by the act of the General Assembly, passed the 30th January, 1844. The amount of stock may be increased at the pleasure of the company. Sec. 9. Be it enacted, That the charter of the East East Ten Iron Tennessee Iron Manufacturing Company, be so amended, that the said company may increase their capital stock to an amount not exceeding one million of dolJars. Company. JORDAN STOKES, Speaker of the House of Representatives. M. R. HILL, . Speaker of the Senate. Passed, February 21, 1852. CHAPTER CLXXXIX. AN ACT to change the line between the counties of Perry and Hickman, and for SECTION 1. Be it enacted by the General Assembly of the State of Tennessee. That the line between the counties of Perry and Hickman, be changed as follows, to wit: Beginning at a point on the Ridge between Cain creek and Brush creek, at the head of Dicky's branch, running thence north, so as to leave Isaac Depreast west of said line, crossing Cain creek, and continuing one half mile north of said creek, there to corner, and run from said corner west or north-west to the Perry county line, so as to include all the citizens living on Cain creek, below where said line crosses the creek, above said Depreast's, and that all the territory stricken off of Hickman county by changing the line as above described, be, and is hereby attached to the county of Perry. SEC. 2. Be it further enacted, That all persons residing within the territory attached to the county of Perry, by the first section of this act, shall be entitled to all the rights and privileges, and subject to all the liabilities and penalties of other citizens of Perry county. Provided, It does not reduce the county of ckman below its constitutional limits, and it shall be the duty of the county court of Hickman county to appoint a surveyor to run out said county, whenever the county of Perry shall have deposited with the county court clerk, of Hickman county, money sufficient to pay all the cost and expense for running out said county. SEC. 3. Be it enacted, That the dividing line between the counties of Jefferson and Sevier, at Creswell's creek, be so altered and changed as to include all the lands of Thos. Stringfield within the county of Jef ferson. JORDAN STOKES, Speaker of the House of Representatives. Passed, February 25, 1852. Speaker of the Senate. Jefferson and Sevier, Additional Trustees. male Institute. CHAPTER CXC. AN ACT to appoint Trustees of Greasy Rock Academy, in the county of Hancock, and to incorporate the Nashville Female Institute. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That the second section of the act, passed January 30th, 1850, incorporating said academy, be so amended, that the persons hereinafter named, be, and they are hereby appointed trustees of said academy, to wit: Lee Jesse, Joseph Campbell, G. W. Baker, Isham Brewer, David Trent, Samuel Jarvis, and Holden McGee, Anderson Campbell, Wm. B. Davis, Canada Hodges, and William S. Rose, a majority of whom shall constitute a quorum to do business, with the same powers as the trustees heretofore appointed and have failed to act. SEC. 2. Be it further enacted, That Thomas B. Ripley, Samuel Baker, John W. King, and their associates and Nashville Fe. successors, be incorporated a body politic and corporate, by the name and style of the Trustees of the Nashville Female Institute, with power to have a common seal, and to change the same, to sue and be sued, plead and be impleaded, in all kinds of suits and actions, to receive donations in money, lands, buildings, books, apparatus, &c., and to make purchases of property, which shall inure to then and to their successors in office, and also to sell and dispose of the same, and to hold real and personal estate to the value of not more than one hundred thousand dollars, and to pass all such rules, regulations and by-laws as the said corporation may judge. expedient and advantageous to said Institute. The said board shall have power to fill, from time to time, all vacancies which may occur in their number, and, in general, all the powers which have been granted to the trustees of the several female seminaries in this State. SEC. 3. And be it enacted, That T. B. Ripley, be, and he hereby is authorized to appoint the time and place of the first meeting of said trustees, and to give due notice of the same. JORDAN STOKES, Speaker of the House of Representatives. Passed, February 18, 1852. Speaker of the Senate. CHAPTER CXCI. AN ACT to incorporate the Nashville, Franklin and Columbia Rail Road Company. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That the subscribers for stock as herein prescribed, are hereby created a body politic and corporate, by the name and style of the Nashville, Franklin and Columbia Rail Road Company, with all the rights, powers, privileges and immunities, and subject to all the restrictions, liabilities, pains and penalties of an act passed December 11th, 1845, incorporating the Nashville and Chattanooga Rail Road Company, and the several amendments thereto, except as hereinafter provided. Incorporation. SEC. 2. Be it enacted, That the capital stock of said Capital Stock. company shall be two hundred thousand dollars, divided into shares of twenty-five dollars each, and may be increased to an amount sufficient to construct said road.. Commissioners, SEC. 3. Be it enacted, That Thomas Parkes, R. C. Foster, William Maney, John Marshall, W. H. Crouch, J. W. Morton, D. B. Cliffe, J. H. Wilson, S. S. Mayfield, E. Thompson, Thos. B. Bond, A. R. Cartwright, Spivey McKissac, J. W. Chairs, D. C. Kinnard, R. Ogilvie, W. P. Martin, S. D. Frierson and A. O. P. Nicholson, are hereby appointed commissioners to cause books to be opened by themselves, or whomsoever they or a majority of them may select, at Spring Hill, Franklin, Columbia, and such other places as they may select, for subscriptions for stock in said. company, and whenever the sum of two hundred thousand dollars is subscribed, the commissioners or the persons appointed by them to receive subscriptions for stock, shall call a meeting of the subscribers at Franklin, as soon as practicable, giving ten days notice of such meeting in some newspaper published in the town of Franklin, at which meeting a company may be organized by the election of a board of Directors, and who shall elect one of their number President, and proceed to construct a rail. road from Nashville or South Nashville to Franklin, and use the same as completed; and the aforesaid commissioners, or a majority of them, shall constitute a board to manage the affairs of the company, until the election of a President and Directors. Franklin to SEC. 4. Be it enacted, That whenever the further sum Road from of one hundred and forty thousand dollars of stock is Springhill. subscribed, a meeting of the subscribers shall be called as before at Spring Hill, who may organize a company by the election of a President and Directors, who shall Springhill to Co- proceed to construct a rail road from Franklin to Spring Hill, and when completed, shall be united at Franklin with the road from Nashville or South Nashville to Franklin, and constitute one road and one company. Sec. 5. Be it enacted, That whenever the further sum Road from of one hundred and twenty thousand dollars of stock is subscribed, a meeting of the subscribers shall be called as before at Columbia, who may organize a company by the election of a President and Directors, who shall proceed to construct a rail road from Spring Hill to Columbia, and when completed, shall be united at Spring Hill with the road from Nashville or South Nashville to Spring Hill, and constitute one company and one rail road from Nashville or South Nashville to Columbia. Provided however, That the neces sary debts contracted by the several boards of Direc tors in the prosecution and construction of the respective sections of said road shall be settled, equalized, or fairly and equitably proportioned by agreement of the different Directors of the respective sections, in a joint meeting of the several boards of Directors before the companies shall unite. Open Books. SEC. 6. Be it enacted, That the Governor of the State shall not issue or endorse any bonds in behalf of this company under existing laws. SEC. 7. Be it enacted, That said company shall have power to open their books for subscriptions for stock for the whole line of their road from Nashville or South Nashville to or near to Columbia, at the same time and said company shall not be compelled to construct their road by sections, and when the com pany organizes by the election of its officers, i may gdo so as one company, and the stock subscribed for may be taken in one company under the name aforesaid, to construct a railroad from Nashville or South Nashville by the way of Frankli and Spring Hill to or near to Columbia, and each stockholder shall be entitled to one vote for each share o stock under ten thousand dollars, held by him, and two votes for every three shares over that sum. And sail company may extend their road to or near to Mour Pleasant, if they see proper, and to increase their stoc to an amount sufficient for that purpose, and to open the books for subscriptions of stock for that purpose, & such times and places as they may deem proper. SEC. 8. Be it enacted, That said company may con Parallel with Struct their road adjacent to or parallel with any turnpi road, and shall not be liable to any turnpike compar for so constructing their road, for any damages. tarnpike. |