commissioners shall call a meeting of the stockholders by an advertisement published at least ten days previously in some newspaper published in the village of Watertown stating the time and place at which such meeting of the stockholders shall be held, and shall by ballot elect the first directors of said company; said commissioners shall act as inspectors of said election and if there shall be any deaths or resignations among the commissioners above appointed then the remainder shall elect others to supply the vacancies [so] occasioned. SEC. 6. The said company shall have power to make insur- General Powers of Company.3 ance upon vessels, freights, goods, wares and merchandise and to make all and every insurance connected with marine risks and the risks of transportation and inland navigation, also upon dwelling houses, stores, and all kinds of buildings, household furniture and other property against loss or damage by fire, and also all and every insurance appertaining or connected with life insurance and to cause themselves to be insured when deemed expedient. SEC. 7. All Policies of Insurance or other contracts au- Contracts when properly subthorised by this act which shall be made and entered into by cribed binding. this corporation may be with or without seal thereof and shall be subscribed by the President or Vice President and attested by the Secretary and being so signed, executed and attested, shall be binding and obligatory upon said corporation. Company may Real Estate on hold and sell certain conditions. SEC. 8. It shall and may be lawful for the said company to take and hold any real estate or securities mortgaged or pledged to the said company to secure the payment of any debt which may be contracted with said company and to foreclose the same and to purchase on sales made by virtue of any judgment at law or by any order or decree of any court of equity or any other legal proceedings or otherwise to receive and take any real or personal estate in payment or towards satisfaction of any debt previously contracted and due to the same company and to hold the same until they can conveniently sell and convert the same into money or other personal property, and also to invest the capital stock or so much of the surplus profits of the said company as they may deem fit, in such manner as the directors shall decide and call in and reinvest the same so often as it shall be deemed necessary for the interest of the said company. SEC. 9. The capital stock of said corporation, shall be stook transferatransferable according to the rules and regulations prescribed by the directors and every subscriber of any share or shares of said stock, who shall neglect to pay the instalments aforesaid, or to secure the residue of the share or shares by him subscribed shall forfeit the same to the said corporation and all pay- Forfeitures. ments made thereon and all profits that may have arisen thereon. ble. be made, but not protits. individually li divided. Dividends may SEC. 10. It shall and may be lawful for the directors of to exceed clear said company to make a dividend of so much of the profits of the said company as shall appear advisable, but the dividend shall not at any time exceed the amount of clear profits made by the company, but the capital stock shall be and remain unimpaired, and if the said directors shall at any time knowingly When Directors make a dividend of the capital aforesaid they shall be individuable for stock so ally liable for the proportion of the stock so divided and an action of debt may be brought against them or any of them in any court of record in this State by any creditor of said company and each director present when such dividend shall be declared shall be adjudged consenting thereto unless he forthwith protest against such dividend and request his protest to be entered on the minutes of the company and give further notice to the stockholders of the declaring of such dividend by advertising his said protest within ten days thereafter in a newspaper published and circulating in the counties of Jefferson and Dodge. SEC. 11. Nothing contained in this act shall be construed to authorise the business of Banking. Banking prohib ited. FREDERICK W. HORN, Speaker of the Assembly. SAMUEL W. BEALL, Lt. Governor and President of the Senate. Approved, March 11th, 1851. NELSON DEWEY. Chap. 196 An Act to authorise the Treasurer of School District Number Five in the Town of Richfield and County of Washington, to collect school taxes for the years 1840 and 1850. The People of the State of Wisconsin represented in Senate and Assembly, do enact as follows: SECTION 1. The Treasurer of school district number five (5) in the town of Richfield in the county of Washington, or his succcessors in office are hereby empowered and directed to collect all sums of money now remaining unpaid on any taxes voted for and levied at any district meeting or meetings in said district during the years eighteen hundred and forty nine and eighteen hundred and fifty for the erection of a school house or any other purpose. SEC. 2- This act shall take effect from and after its passage. Speaker of the Assembly. SAMUEL W. BEALL, Lt. Governor and President of the Senate. Approved March 11th, 1851. NELSON DEWEY. An Act to amend Chapter one hundred and two of the Revised Statutes. The People of the State of Wisconsin represented in Senute and Assembly, do enact as follows: Chap. 197 ings. togeth SECTION 1. The Clerks of the several courts of record shall, Cl Clerks of Courts within thirty days after the expiration of each term of their re- er certain plead spective courts, attach together the pleadings and other papers forming the record in every cause in which a final judgment or decree shall have been rendered at such term. certain memo references. SEC. 2. The Clerk shall make on[e] the back or mar-Clerk to make gin of each pleading and paper so attached as memorandum of randums and all orders and entries in relation thereto, with a reference to the book and page in which each order shall have been entered; and at the end of the documents attach a memorandum of the judgment or decrec, stating the substance thereof, with a referance to the book and page in which the entry thereof is made. SEC. 3. The papers so attached, with a memorandum required by the preceding section, shall be carefully preserved, as the roll of the judgments and decrees. Papers to be preserved. Bill of excep SEC. 4. When any bill of exceptions shall have been allow- tions to be ad ed and signed, the Clerk of the court shall, within the same pe- ded. riod, cause the same to be written out at full length, unless previously done, and attach such bill of exceptions to the roll, as a part thereof. Return SEC 5. When an execution shall be issued and returned, Resto be also the same shall in like manner be attached to the roll in the attached. cause to which it appertains, and be made a part thereof. When bills of Exception may SEC. 6. In making out transcripts of records, except in suits of error, the bills of exception shall not be inserted, un- be omitted in less specially requested by the applicant therefor. Transcript. certain entries is given. SEC. 7. Immediately after the rendition of a judgment, it Clerk to make shall be the duty of the Clerk to make the same entries in the when judgment judgment docket as he is now required to do at the time of filing a record of judgment, and after such entry such judgment shall be a lien upon the real estate of the par[t]y against whom such judgment was rendered. SEC. 8. All laws of this State referring in any manner to judgment records, except in cases otherwise herein provided, shall be construed to refer in like manner to the judgment roll herein named. SEC. 9. Sections one and two of chapter one hundred and two, and all other acts or parts of acts contravening this act, are hereby repealed. FREDERICK W. HORN, Speaker of the Assembly. SAMUEL W. BEALL, Lt. Governor and President of the Senate. Construction of certain laws. clause. Repealing Approved, March 11, 1851. NELSON DEWEY. Chap. 198 An Act to amend Section sixteen, Chapter one hundred and thirty-four, Title thirty, Term of impris onment. Chap. 199 Commissioners appointed. Proviso Part four, of Revised Statutes. The People of the State of Wisconsin represented in Senate and Assembly, do enact as follows: SECTION 1. Section sixteen, of chapter one hundred and thirty-four, of title thirty, part four, of the Revised Statutes, is so amended that the imprisonment in the county jail shall be for the term of six months or less, at the discretion of the jus-› tice having cognizance of the same. SEC. 2. All actions contravening the provisions of this act are hereby repealed. FREDERICK W. HORN, Speaker of the Assembly. SAMUEL W. BEALL Lt. Governor and President of the Senate. Appoved, March 11th, 1851. NELSON DEWEY. An Act to authorise the laying out of a State road therein named. The People of the State of Wisconsin represented in Senate und Assembly, do enact as follows: SECTION 1. L. A. Reed, W. G. Cooper and Randal Johnson be, and they are hereby appointed commissioners to lay out and establish a State road, from Depere to Kewaunee in Brown county: Provided, that no part of the expense of laying out said road shall be paid out of the State treasury. FREDERICK W. HORN, Speaker of the Assembly. SAMUEL W. BEALL, Lt. Governor and President of the Senate. Approved, March 11th, 1851. NELSON DEWEY. Chap. 200 When pre-emp tors rights. An Act to provide for proving pre-emption rights, and to amend Section forty, of The People of the State of Wisconsin represented in Senate and Assembly, do enact as follows: SECTION 1. Any person or persons who by any law of this thay prove State are entitled to pre-emption rights, to any of the school or university lands of this State, may at any time previous to the actual offering of such lands at public auction, prove their right to such pre-emption before the commissioners of school and university lands, at the capital of the State, in the same manner as is now provided by law. recorded. SEC. 2. The Secretary of State, on receiving any reports, Maps, &o, to be plats or maps made by any appraisers of school and university lands, shall employ competent draftsmen to record the same in the manner provided in section forty of chapter twenty-four of the Revised Statutes, the expense of which record shall be paid out of the income of the fund to which said reports, plats or maps may belong. FREDERICK W. HORN, Speaker of the Assembly. SAMUEL W. BEALL, Lt. Governor and President of the Senate. Approved, March 11th, 1851. Ar Act to lay out a State road from the village of Madison in the county of Dane, to the quarter stake on section number thirty six, township number nine, north of Chap. 201 range number two east, in the county of Richland. The People of the State of Wisconsin, represented in Senate and Assembly, do enact as follows: SECTION 1. That Orrin B. Hazzletine of Dane county, Gar- "Commissioners appointed to lay wood Greene of Richland county and John T. Jones of Iowa out a road. county, be and are hereby appointed commissioners to lay out and establish a State road, beginning at Madison in the county of Dane, and running westerly by the head of Fourth Lake, thence to Black Earth Valley, (the north side of John W. Thomas' house, where the county road now runs from,) thence Road. down said valley to Arena, thence westerly crossing the Wisconsin river, thence on the nearest and best ground to the east line of Richland county, at the quarter stake on section number thirty-six, township number nine north, of range number two east. Direction of visors to make SEC. 2. The commissioners appointed under the provisions County Superof this act, shall upon the performance of the work be entitled compensation. to such compensation for their services as the Supervisors of the counties where such services are performed shall deem just and proper: Provided, that no part of the expense of laying Proviso. out said road shall be paid out of the State treasury. FREDERICK W. HORN, Speaker of the Assembly. SAMUEL W. BEALL, Lt. Governor and President of the Senate. Approved, March 11th, 1851. NELSON DEWEY. |