Brunswick & Altamaha Canal Company.

the same to an amount not exceeding two millions, at the discretion of a majority of the stockholders, divided into shares of one Shares. hundred dollars each, which shall be assignable in such way as the Company may direct, and always subject to any claims of the Company thereon, at the time of assignment. Said Company may company adopt such rules and regulations for the government, and elect rales, de such officers for its management, and at such times as may, by its by-laws, be ordained, and shall keep regular minutes of their pro- Minutes subceedings, which shall at all times be subject to the inspection of ject to inany of the stockholders.

may adopt

Elect officer8.

spection.

when, where,

SEC. VIII. That said corporators shall not proceed to organize Organize until the whole of the capital stock is subscribed, and shall not commence begin operations until ten per cent. of the whole capital stock shall have been paid in.

business.

SEC. IX. That all the private property, both real and personal, Liabilities. of each respective stockholder, shall be held liable to the amount of his, her, or their subscribed stock yet unpaid; provided, that Proviso. notwithstanding the dissolution, extinction, expiration, or lapse of time, non user of the charter, or the cessation of said corporation to transact business, that the corporate property of said corporation shall, at all times, be bound and liable for the payment of the corporate debts or contracts of said corporation.

SEC. X. That nothing herein contained shall be so construed as Taxation. to prevent the State of Georgia from taxing the property of said corporation as any other property of this State.

SEC. XI. Repeals conflicting laws.

Approved 7th March, 1866.

(No. 143.)

An Act to incorporate the Brunswick & Altamaha Canal Company.

Incorporated

SEC. I. Be it enacted, &c., That George W. Hodges, Robert Christie, Samuel R. Brooks, Frederick Williams, Robert Morrell, John McDonald, Henry C. Platt, and all such persons as are, or may hereafter be associated with them, sie hereby constituted a body corporate, by the name of the Brunswick & Altamaha Canal Name. Company.

SEC. II. The capital stock of said Company shall be two hun-Capital. dred thousand dollars, with the privilege of increasing the same to five hundred thousand dollars, should the business of the Company hereafter require such increase, which stock shall be divided shares. into shares of one hundred dollars each.

Books of sub

SEC. III. Books of subscription for the capital stock of said Company, shall be in the first place opened in the city of Bruns-scription at wick, Georgia, after giving thirty days notice in one of the public gazettes of this State, of the time and place of opening the same, which books shall be kept open for the space of ten days, for

places.

Brunswick & Altamaha Canal Company.

the purpose of receiving subscriptions, and after the expiration of said ten days, should all the capital stock of said Company not be subscribed for, then, and in that case, the above named corporators, or a majority of them, may open the books for the balance Other pisses, of subscription to the stock in any other place, under such rules and regulations as they may prescribe, and all persons subscribing for stock in said Company, shall, at the time of subscribing, pay in five per cent. upon the amount of stock so subscribed for by them, which stock shall be assignable, and transferable, on the books of the Company.

Birectora.

Votes.

President &c.

By-laws.

Payment of subscriptions.

Notice of

Vacancies.

Inspectors at elections.

SEC. IV. The business of said Corporation shall be managed by seven directors, who shall be stockholders, and who shall hold their offices for one year, or until others are chosen in their places. The directors shall be chosen annually by the stockholders, on the first Monday in May. Each stockholder shall be entitled to one vote upon each share of stock held by him or her. Voting shall be by ballot, and may be in person or by proxy.

SEC. V. The directors shall annually elect a President from their own board, a Treasurer, and Secretary, and such other officers as they shall deem necessary, who shall hold their offices until others are appointed in their places, and they may make and ordain such by-laws and regulations as they may deem necessary and proper for the management of their business, and for accomplishing the purposes of the corporation, not inconsistent with the provisions of this Act, and the laws of this State.

SEC. VI. The directors may require payments of subscriptions to the stock, at such time, and in such proportions, as they may see fit, under the penalty for forfeiting all stock, and previous payments thereon, or they may sue for and recover all such unpaid subscriptions, in which event no forfeiture of stock shall accrue. Notice of the time and place of said payments shall be left at the residence, or place of business, of each stockholder, at least four weeks previous to the time of payment.

SEC. VII. In case of vacancy in the directors from any cause, it may be filled by the remaining directors, until the next annual election. The persons herein named may appoint three persons te be inspectors at the first election, and annually thereafter, the directors shall appoint three persons to be inspectors of election, at each annual meeting, any two of whom may hold the election. Removal of The directors shall have power to remove all officers appointed by them, and appoint others in their places, and fill all vacancies in the offices.

officers.

Objeets of

SEC. VIII. The said corporation is created for the purpose of building or purchasing and establishing, and maintaining, and corporation, owning a canal from Turtle Bay, or river in the County of Glynn, to the Altamaha river, and to that end are hereby authorized and Power to pur- empowered to acquire land, and to purchase and hold any canal now existing, or which may be in part only constructed.

Tolls.

SEC. IX. Said Company shall have the right to collect tolls for

Brunswick & Altamaha Canal Company.

the use of said canal, and shall have exclusive control of said canal. The said Company shall have a lien upon all boats, timber, Lien for. produce, freight, and other property, passing into, or through said eanal, for the amount of their toll, and expenses upon the same, and the right to hold the same until the amount thereof shall have been paid, and after twenty days delay to sell the same at public auction for the toll, and expenses due on the same.

demeanor.

SEC. X. Any person who shall wilfully or maliciously destroy or Injury to injure any of the works or property of said Company, shall be property,mis. deemed guilty of a misdemeanor, and may be punished by fine, or Penalty. imprisonment, or both, in the discretion of the Court, and shall be liable for damages, to be recovered in any Court having cognizance, with costs.

mortgage, &e.

SEC. XI. Said Company are authorized and empowered to mort-Co. may gage, lease, or sell the whole, or any part of their property, upon the consent of a majority of the stockholders thereof.

SEC. XII. Nothing contained in this Act shall vitiate, or affect vested rights. the vested rights of any other chartered Company in this State, or the private rights of any individual.

Place of busi

SEC. XIII. The office for the transaction of the business of said Company shall be kept in the city of Brunswick, in this State, and ness. shall be kept open during the usual business hours of each day, for the convenience of all persons having business with the same.

Conditions of

SEC. XIV. The canal contemplated by this Act to be built, shall be commenced within one year, and completed within two years, charter. from the passage of the same, or this charter, with all its privileges, and immunities, thereby granted, shall become void, and of no effect.

Approved 10th March, 1866.

(No. 144.)

An Act to incorporate the "Macon Canal & Water Works," to authorize the Mayor and Council of the city of Macon, to subscribe to the stock of said Company, to issue the bonds of said city to pay for any subscription they may make, and to levy a tax to pay such Bonds as may be issued, and for other purposes.

SEC. I. The General Assembly of the State of Georgia do enact as follows: The Mayor and Council of the city of Macon, together with such persons or corporations as may unite or be associated with them, are hereby incorporated as a body politic and corpo- Incorpora rate, under the name and style of the "Macon Canal & Water tion Works," and as such corporation shall have all such rights and powers as are necessary to carry out the objects of said corporation, or as are legally incident or legally attached to a corporation. SEC. II. Said corporation shall have power to build and con- Powers, atruct, to keep up and use, a canal, with all such dams, locks,

Canal from
Oumulgee

COR.

of Ma

Macon Canal & Water Works.

and other structures as may be necessary, from such point on the river through Ocmulgee river, as they may deem best, to and through the city of Macon, for the purpose of conducting all or any part of the water of said river, to and through said city, so that the same may be used for propelling mills, manufactories, machinery of any kind; and for watering and cleaning said city, and for Fire purposes, and for such other uses as the said corporation shall deem best and . may hold most to their interest. They may acquire, hold, and use all such land and other property, as may be necessary for the objects of their incorporation, for sites for factories, mills, dams, locks or other structures which said corporation may desire to erect or have erected.

Tunde

SEC. III. The stock of said Company shall be such sum as may be Capital stock. necessary to build and construct said canal, water works, and other structures, and the property necessary therefor, as contemplated by this charter; provided, the same does not exceed the sum of five hundred thousand dollars.

Officers.
By-laws,

City Council of Macon may

SEC. IV. Said corporation shall be managed by a President and Board of Directors, to be elected annually by the Stockholders, and by a code of by-laws to be approved by the stockholders; provided, the same are not inconsistent with the laws of this State, or of the United States.

SEC. V. The Mayor and Council of the city of Macon may subsubscribe, &c. scribe to the stock of said Company, and may construct the works herein contemplated solely on account of said city, or in conjunction with other subscribers, as they may determine; to pay such subscription as said Mayor and Council may make, they may issue Issue bonds. the bonds of said city, on such terms as they may determine, to such amount as may be necessary, not to exceed the amount of the city's subscription; said bonds with the interest thereon to be paid from the general taxes and resources of the city; provided, that no bonds shall be issued or subscription made by the city, except by a vote of two thirds of all the members of the City Council, confirmed by a vote of the legal voters of the city, at an election to be held for that purpose.

Proviso.

&c.

SEC. VI. In case said Company cannot agree with the owners Right of way, as to the price to be paid for the right of way, or for the purchase of any lot or ground necessary for the erection of any mill, factory, dam, lock, or other structure authorized by this charter, the same shall be assessed and determined by five persons, citizens of the County of Bibb, to be appointed by the Judge of the Superior Courts of the Macon District, with the right of appeal to either party, to the Superior Court of Bibb County, to be determined by a special jury.

Approved 3rd March, 1866.

Georgia Fxpress Company.

IV. EXPRESS COMPANY.

ACT NO. 145, GEORGIA EXPRESS COMPANY.

(No. 145.)

An Act to incorporate the Georgia Express Company.

Incorporated.

SEC. I. The General Assembly of the State of Georgia do enact, That Samuel R. McCamy, John C. Whitner, Joseph F. B. Jackson, Jno L. Bridges, and their associates, citizens of this State, be and they are hereby created a corporation and body politic, for the purpose Purpose. of establishing and maintaining an Express line or lines in the State of Georgia and elsewhere, for the purpose of transporting goods, wares and merchandise by means thereof, under the name and style of The Georgia Express Company.

SEC. II. That the capital stock of said Company shall be two Capital. hundred thousand dollars, and may be increased to any sum not exceeding one million dollars, divided in shares of one hundred Shares. dollars each.

managed.

SEC. III. That the affairs of said Company shall be under the management of a Board of Directors, consisting of five members, Affairs, how chosen from among the stockholders, who shall hold office one year, or until their successors are elected; that said Directors shall elect one of their body President, whose official acts shall be bind- President. ing upon the Company. Said Board of Directors may appoint a Secretary and Treasurer, or such other officers and agents as they Secretary, &c. may deem proper and expedient, for the management of the affairs and business of said Company, under such rules and regulations as may be prescribed by the By-Laws of said Company, which the Directors of said Company are hereby authorized to pass and adopt.

May appoint

Anthorized to

pass by-laws.

SEC. IV. That said Board of Directors may exercise all such powers and privileges as may be necessary and convenient for the Powers establishing and maintaining said Express line or lines, or the conducting and managing the affairs of said Company, not inconsist ent with the laws of Georgia and of the United States.

&c.

SEC. V. That said Company shall have power, in its corporate name, to sue and be sued, to plead and be impleaded, in any Court Sue, be sued, of law or equity having competent jurisdiction; to make, use and have a common seal, and the same to alter at pleasure; to purchase Seal. and hold such real and personal estate as the lawful purposes of and personal the corporation may require, and may sell and convey the same at pleasure.

May hold real

estate.

SEC. VI. That every stockholder shall be entitled to one vote Votes for Directors of said Company, for each share of stock he may own in said Company.

SEC. VII. That said Company shall have power to make such arrangements with the several Rail Road Companies, Steamboat