Oficers. branch roads. new mortgage or other lien on the said railroad, property and franchises be created without the consent, in writing, of the holders of three-fourths in amount of the bonds authorized by the third section of this act; and this provision shall be inserted in the mortgage authorized by the third section of this act. Section 8. The president and managers of the said Elmira and Williamsport railroad company, elected as aforesaid, shall continue in office until the first Monday in May, one thousand eight hundred and sixty-one, when, and annually thereafter, on Election of the first Monday in May, an election of president and six man agers, as aforesaid, shall be held by the stockholders and bondholders, to serve for the ensuing year; and at all such elections and in the proceedings of said company, each share of stock Votes. shall be entitled to one vote, and any holder of each bond of one hundred dollars and upwards, authorized by the third section of this act, shall be entitled to two votes for each one hua dred dollars of such bond or bonds. May lease and Section 9. The said company shall have the power to lease run its engines, and run its engines and cars over any connecting railroads, on &c., over connecting roads. terms to be mutually agreed upon, and to lease or purchase an adequate amount of rolling stock to operate the said road, and to make such purchases, from time to time, if necessary, with the company's bonds, secured by chattel mortgage upon specifie property so purchased; the said company shall also have the May construct right to construct branch roads, not exceeding fifteen miles in length, to connect with any mines, canals or other railroads. Certificate of or Section 10. That it shall be the duty of the corporation reganization to be ceiving the conveyance mentioned in the second section of this sent to secretary act, within one month after its organization, to make a certifi cate thereof, under the common seal, attested by the secretary and president, specifying the date of such organization, the name of the president and directors, and transmit the said certificate to the secretary of state at Harrisburg, to be filed in his office; and a certified copy thereof shall be evidence of the ex. istence of said corporation. May comply with Section 11. The said company last mentioned, before paypresent existing ment of any dividends from the earnings of the railroad, may order of court. comply with the present existing order of the court in equity, appointing a receiver for the property of the Williamsport and Elinira railroad company, and may further assume such other indebtedness and obligations of the said company as agreed in respect thereto. Non-acceptance Section 12. In case the persons mentioned in the second secby porsons named tion of this act shall not accept the provisions hereof, or shall in the first sec: fail to organize the corporation mentioned in the said section tionto. within sixty days after the passage of this act, or within thirty days after the delivery of the deed for the said premises, as herein provided, (if said delivery be made after the passage of this act,) the said agent or attorney shall call a meeting of the bondholders whom he represents, to be held at the Merchants Organization of Exchange, in the city of Philadelphia, who shall proceed to orcompanje in case ganize their company by the election of a president and a board of ance as provided of six managers, to serve until the first Monday in May, one in first section. thousand eight hundred and sixty-one; at wbich election the holder of each bond for one hundred dollars and upwards, shall . be entitled to two votes for each one hundred dollars of such JOHN M. THOMPSON, WM. M. FRANCIS, Speaker of the Senate. APPROVED— The twelfth day of March, Anno Domini one thousand eight hundred and sixty. WM. F. PACKER. No. 592. AN ACT To incorporate the Beechwood Cemetery Company. 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 John C. Beekman, Joseph Foulke, John P. Crosby, James Boyd, Corporators. Henry Freedley, Charles H. Hill, John Thompson, be and they hereby are made a body politic and corporate in law, by the name, style and title of the Beech wood cemetery company, and Style. by that name shall have perpetual succession, and be able and capable in law, to have and use a common seal, to sue and be Seal. sued in all courts of law and equity, and to do all things incident to a corporation, within the intent of these articles and the acts in such case provided. Section 2. That the said company may, and they are hereby May purchase authorized to purchase a tract of land within the county of Mont- tract of land. gomery, not exceeding in quantity one hundred and twenty-five acres, and to appropriate all or any part of the same for cemetery purposes, and shall also have power to hold so much per. Purposes of. sonal estate as may be necessary for the purposes of this incorporation. SECTION 3. That John C. Beekman, Joseph Foulke and John Managers C. Crosby shall constitute the board of managers of the said Beechwood cemetery company, with power to fill any vacancy Powers and privithat may occur in the board from time to time; the said board leges. shall have power to exercise the management and direction of a Cemetery lots, relative to. the said cemetery company and its property, according to the powers herein contained and given, to survey, enclose, lay out and ornament the same, as and for a burial cemetery forever, to erect buildings, and to sell, dispose of and arrange burial lots, granting perpetual right of sepulture to the grantees and heirs or assigns, and to make such by-laws, rules and regulations relative to the election and duties of managers and their successors, the appointment of suitable officers and agents, and their several duties, their compensation or removal at pleasure, the improvement or preservation of the premises, and the granting the right of sepulture and interment of the dead, the government of lot-holders and visitors of the cemetery, and the general management of the affairs of the company, as they may deem expedient or necessary, not inconsistent with the lats or the constitution of the state of Pennsylvania. Section 4. That every lot contained within the said cemetery, disposed of by the said cemetery company for the purpose of sepulture, shall be held for that purpose alone forever, transferable with the consent of the president and managers thereof, and shall not be subject to attachment or execution, and that no public streets or roads shall at any time hereafter forever, be opened upon or through the land of this corporation. Section 5. That the said managers shall have power to make a charge of ten per cent. upon all transfers of lots or certificates for the same, made by the company, to be estimated upon the original prices of the lots respectively, as expressed in the deeds or certificates from the company for the same, to be applied towards the expenses of, or to the improvement of the premises of the said cemetery, or to be invested at the discretion of the managers, as a permanent fund towards the perpetual maintenance of the said cemetery and its repair or improvement. Section 6. This cemetery and cemetery company shall have all the privileges and protections extended to cemeteries and cemetery companies by the laws of this commonwealth. JOHN M. THOMPSON, Speaker of the House of Representatives pro tem. WM. M. FRANCIS, Speaker of the Senate. APPROVED— The twenty-third day of March, Anno Domini one thousand eight hundred and sixty. WM. F. PACKER. Transfers of lots or certificates. Privileges and protections. No. 593. AN ACT To confirm the title of the Mutual Saving and Loan Association, of Phila delphia, to certain Real Estate, situate in the city of Philadelphia, and to authorize the said Association to mortgage the same. WHEREAS, William C. Flanigen and wife, by indenture dated Preamble. the eighth day of June, Anno Domini one thousand eight hundred and fifty-nine, and recorded at Philadelphia in deed book ADB, number seventy-six, page one hundred and ninety-seven, et cetera, granted and conveyed to the Mutual saving and loan association of Philadelphia, in fee, a certain three story brick messuage and lot of ground, situate on the west side of Second street, beginning at the distance of thirty-four feet ten and a half inches southward from the south side of Lombard street, in the said city of Philadelphia, containing in front on Second street fifteen feet two inches, and in depth westward seventy feet ten and three quarter inches to an alley, more particularly described in the said deed, on which premises the said association conduct their business : And whereas, Doubt has arisen as to the ability of the said the Mutual saving and loan association of Philadelphia to hold real estate, but it is proper that the said association should be enabled to hold the real estate aforesaid, and that their title to the same should be confirmed; therefore, 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 said the Mutual saving and loan association of Philadelphia Real estate, relabe and they are hereby enabled to have and to hold the above tive holding cere mentioned real estate in fee simple, and that the said deed, made the eighth day of June, Anno Domini one thousand eight hundred and fifty nine, by the said William C. Flanigen and wife, to the said the Mutual saving and loan association of Philadelphia, shall be taken to be good and valid, and that the title of the said William C. Flanigen to the said real estate be vested and confirmed absolutely in and to the said the Mutual saving and loan association of Philadelphia, their successors and assigns; and that any and all rights or claims which this commonwealth may have to the said real estate, be and they are hereby released and extinguished to the said the Mutual saving and loan association of Philadelphia, their successors and assigns. Section 2. That the said the Mutual saving and loan associa. May mortgage tion of Philadelphia be and they are hereby authorized to mort- real estato. gage the said real estate, to secure the payment of any money they may borrow thereon. JOHN M. THOMPSON, 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. tain. No. 594. AN ACT To incorporate the Schuylkill County Transportation Company. 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. Levi Mattson, Jacob Kline, Jeremiah Seitzinger, George J. Hehr, Henry A. Huntzinger, Frank Pott, Franklin B. Kaercher and into a body politic and corporate, in deed and in law, by the Name. name of the Schuylkill County transportation company; and as Power and an. such shall have fall power and authority to procure, purchase thority. and employ locomotive engines and cars, with such other appur tenances and equipments as may be deemed adequate and proper for the objects and purposes of this association, and the same to employ in the transportation of coal, merchandise, lumber and other freights and passengers upon the railroads within the county of Schuylkili, upon the terms provided in the several charters or acts of incorporation of said railroad companies; and the said company shall have all the privileges and immunities belonging to a corporation, may sue and be sued, plead and be impleaded, complain and defend in all courts of law and equity; may purchase, receive, have, hold and enjoy, to them, their successors and assigns, all such estate, real, personal and mixed, as may be necessary for the purposes of the company, and the same from time to time may sell, convey, mortgage, grant, alien and dispose of; may make dividends of such portions of their profits as they may deem proper; and also make and have a common seal, the same to alter and renew at pleasure; and also to establish such by-laws or ordinances and regulations as shall appear necessary and convenient for the government of the corporation; and generally may do all and singular the matters and things which to them shall lawfully appertain to do for the well being of the corporation and business Proviso. of the same: Provided, That the real estate held shall not er ceed thirty thousand dollars in value at any one time: Provided Proviso. further, That the rights and privileges hereby granted shall not be exercised in violation of any privileges heretofore granted and secured to any railroad or transportation company within the county of Schuylkill. Capital stook. SECTION 2. That the capital stock of said corporation shall be fifty thousand dollars, and shall be divided into shares of fifty dollars each, with privilege to increase the same, as may be found necessary and advisable, to any amount not exceeding two huo dred thousand dollars, to be divided into shares of tilty dollars Certifica'os of each, for which certificates shall be issued, and signed by the president and secretary, and sealed with the common seal of the ptool. |