Oglethorpe Insurance Company, of Savannah-Act of incorporation amended. stock. and mode of transfer of certificates of stock and the disbursement Transfer of of dividends, and at all meetings of the President and Directors, a Dividends. majority shall constitute a quorum, Provided that no dividends shall Proviso. be paid to any Stockholder until the full amount of his stock shall have been paid in by payment of assessments, or credits of profits, and no dividends shall be paid except the capital stock be and remain unimpaired. &c. SEC. VIII. That all bonds, bills and promissory notes made pay- Bonds, bills, able at the office of the North American Fire Insurance Company, of Atlanta, shall have the same legal effect and be subject to the same legal remedies as if the same were made payable in or at a bank or banks of this State. SEC. IX. That this charter, and the privileges and powers herein granted, shall continue in force for the full term of thirty years, Duration. and that the property, funds and business transactions of the Company shall be subject to the same rates of taxation as are or may be Taxation. imposed by law, upon the property and similar transactions of indi viduals. Approved 5th March, 1866. (No. 157.) An Act to amend An Act entitled An Act to incorporate the Oglethorpe Insurance Company, of Savannah, assented to, November 24th, 1863, and for other purposes. SECTION I. The General Assembly of the State of Georgia, do enact, That the second, (2nd,) section of the above entitled Act be and the same is hereby amended by striking out from said second sec- Second Sec. tion the clause commencing with the words "Provided that" and amended. ending with the words "demand of the Company," and by changing the word "Confederate" to "United." Fourth Sec. SEC. II. That the fourth (4th) section of the said Act be and the same is hereby amended by striking out the words "a President, amended. pro tempore," after the word "Stockholders" and substituting therefor the words "a Vice President to assist the President and." SEC. III. That sections nine, (9,) ten, (10,) eleven, (11,) and thirteen (13) of said Act be, and the same are hereby re-11 and 13, repealed, and that there be substituted in lieu thereof, respectively, the following sections, to-wit: Sections 9. 10 pealed. Surance. "SEC. IX. That said corporation shall have authority to insure Risks and inagainst losses by fire in all kinds of property, real or personal, or mixed, choses in action, also against all hazards of ocean or inland navigation or transportation of any kind, also to make insurance on lives and all and every insurance appertaining to the duration of life and accidents of every description, whether they may occur while traveling or not, for such premiums as it may determine, and said Company shall be liable to make good and pay to the several persons who may insure in said Company for the losses they may Liability for losses. Policy when binding. Oglethorpe Insurance Company, of Savannah-Act of incorporation amended. sustain, or for life or accident insurance in accordance only with the terms of the contract or policies issued by said Company, and no policy or other contract of said Company shall be binding except it be signed by the President or Vice President, Secretary or Actuary of said Company, and said Company shall have power to Other pow receive money on deposit, paying therefor such interest as may be agreed upon, to loan and borrow money, to take and give therefor such securities as may be considered best, to invest its funds upon such terms as they may deem best, and transfer its property at pleasure, to purchase and discount notes and bills of exchange, and do all other acts it may deem advisable for the safe keeping and secure and profitable investment of its funds, and said Company shall have power and authority to make re-insurance of risks that may Bills, &c. be taken by them, and that all bills, bonds and promissory notes made payable at the office of said Company shall have the same legal effect and may be subjected to all legal remedies the same as if made payable to any Bank in the State, and all privileges of removal heretofore granted to the Banks of Savannah in case of invasion or otherwise are hereby granted to this Company. Re-insurance. Privileges of removal. cident departments. SEC. X. That said Company shall have power, when deemed advisable by them for the interest of the Company, to separate the Life and Ae-Life and Accidental department of their business from the general business of the Company, and when so separated all the funds, whether received for premiums, interest, dividends or otherwise, in said department shall be held as a separate and secure trust for the sole use and benefit of those who may be insured in that department, free from all other claims against said corporation of evRight of mar-ery kind; and it shall be lawful for any married woman to insure the life of her husband against death or accident, for the sole use and benefit of herself and children, and to pay the premium for the ried women to insure. Liability of same. SEC. XI. That the said Company shall be responsible to its credCompany and itors to the extent of its property, and the Stockholders shall be liable to the extent of the amount of their respective stock subscribed for by them, for the debts of the Company in proportion to the number of shares held by them. SEC. XIII. That all claims for losses against said Company shall. be due and payable in sixty days after the proof of the loss has Payment for been furnished at the office of said Company, and in disputed cases losses. in ten days after final decision of the proper tribunal, and in each case named, the sum ascertained to be due shall bear interest from the time made due and payable." Approved 10th March, 1866. Brunswick Inprovement Company, and Georgia Land & Lumber Company. VII. LAND AND LUMBER COMPANIES. ACT NO. 158, BRUNSWICK IMPROVEMENT COMPANY. 64 64 159, GEORGIA LAND AND LUMBER COMPANY. (No. 158.) An Act to amend an act to incorporate the Brunswick Improvement Company, passed on the 9th February, 1854, and to extend the privileges of the same. is and May con struct ow and operate mills to saw lumber, &c. SEC. I. The General Assembly of the State of Georgia do enact, That the said Brunswick Improvement Company shall be and hereby authorized to construct, own and operate mills to saw lumber, to engage in other manufacturing, to own and employ steamers and other vessels, and to purchase or to construct any canals connect- Canals ing with the harbor of Brunswick that said Company may consider to be useful in aid of its business; Provided, the same does not Provise. infringe on the vested rights of any other Canal Company now existing, and the said Brunswick Improvement Company shall have all such rights, powers and privileges in regard to the same as have heretofore been granted to other Canal Companies by the Legislature of Georgia. capital stock SEC. II. That the shares of stock of said Company shall be of Shares and one hundred dollars each, and that the capital of the same may be increased to one million, five hundred thousand dollars, ($1,500000.) Corporators SEC. III. That John B. Gordon, E. L. Strohecker and Henry C. Day be and are hereby added to the corporators named in the added above recited Act, as authorized to organize said Company. SEC. IV. That nothing herein contained shall be so construed as to prevent the State of Georgia from taxing the property of Taxation, said corporation as all other property of this State. SEC. V. Repeals conflicting laws. Approved 26th March, 1866. (No. 159.) An Act to incorporate the Georgia Land and Lumber Company. Incorporated. SEC. I. The General Assembly of the State of Georgia do enact, That Abraham Haworth, William Pickstone, Jno. Stewart, Robert Rumney and H. E. Lee, of Manchester, England, and their associates and successors, are hereby created a body politic and corporate, under the name and style of the Georgia Land and Lum-Name. ber Company, with power to sue and be sued, to have and use a Power corporate seal, to purchase real estate for cultivation, and to be used for the purposes of the lumber trade, with power also to dispose of and convey real estate so purchased, and to adopt such by Georgia Land & Lumber Company, and Alabama & Georgia Manufacturing Company. SEC. II. The principal local office of said Company shall be located at Macon or Albany, in this State, and the object of incorporating said Company is hereby declared to be to enable them to purchase and hold, for the purposes aforesaid, and convey in and by their corporate name aforesaid, real property within the State of Georgia. SEC. III. The property of said Company shall be taxable in the same manner and to the same extent only, as real estate owned by individuals residing within this State. SEC. IV. The capital stock of said Company shall be two hunstock.dred thousand dollars, with power to increase the same to any amount not exceeding one million dollars. SEC. V. That one half the capital stock of said Company shall d. be owned by citizens of this State. SEC. VI. That all the private property, both real and personal, of each respective stockholder, shall be held liable for all corporate liabilities and contracts to the amount of his, her or their subscribed stock yet unpaid. Approved 21st March, 1866. VIII. MANUFACTURING COMPANIES. ACT NO. 160, ALABAMA & GEORGIA MANUFACTURING COMPANY. 66 163, EAGLE & PHOENIX MANUFACTURING COMPANY. 44 169, EMPIRE STATE MANUFACTURING COMPANY. 26 170, GATE CITY FOUNDRY, CAR MANUFACTURING, MACHINE WORKS. 66 171, GEORGIA MANUFACTURING & PAPER MILL COMPANY. 46 172, GRAND BAY MANUFACTURING COMPANY. 173, HANSELL MANUFACTURING COMPANY, OF CAMPBELL COUNTY.. น 174, METCALFE MANUFACTURING COMPANY. 26 175, ROSWELL MANUFACTURING COMPANY. 46 176, STEAM COTTON MILL COMPANY. (No. 160.) An Act to incorporate the Alabama & Georgia Manufacturing Com pany. SEC. I. Be it enacted, by the Senate and House of Representatives of Alabama & Georgia Manufacturing Company. Corporators. George Huguley, Benjamin H. Hill, William P. Chilton, and Geo. W. Huguley, together with such other persons as may hereafter be associated with them and their successors, be, and they are hereby made and constituted a body corporate in fact and in name, under the name, style, and title of the Alabama & Georgia Manufactur-Style. ing Company, and by that name shall be and are hereby made able and capable at law, to have, hold, receive, purchase, possess Powers. and enjoy, to them and their successors, all real and personal estate, of whatever kind or amount said corporation may deem necessary to carry all the objects of said corporation into full force and effect, aud may sell, grant, convey, or otherwise dispose of the same, and may sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in all Courts having competent jurisdiction; to make, use, and have a common seal, and the same to alter, break, and renew at pleasure, and to do all other acts incident to a body corporate and politic. Objects. river. Chat. SEC. II. That the objects of said corporation shall be the manufacture of wool and cotton into thread and cloth, the manufacture of meal, flour, lumber, shingles, boards, and machinery of any description, or such branches or parts thereof as they see proper to engage in. And to enable the said persons named in the first section of this chartér to carry out the purposes of this charter, they and their successors, and associates, may control and use the water May use waof the Chattahoochee river, so far as the riparian rights of this hoochee State are concerned, by locks, dams, canals, or otherwise, for manufacturing purposes generally; provided, that nothing in this act shall be so construed as to give said corporators, or their successors, the privilege to interfere with, or disturb, the vested rights of Nurt vested any person or persons whomsoever, either on the east or west rights. bank, or islands in, the Chattahoochee river, and that said dams, Restriction as locks, and canals, shall not extend more than half way across said river, from the west side, and to secure their property against loss by fire, or other injuries, may prevent persons from building fires, or buildings. camping, within two hundred yards of the factory buildings. to dams. Protection as to Factory notes. SEC. III. That said body corporate shall have power to pre- Power as to scribe the number of shares into which the capital stock of said shares and corporation shall be divided, the mode in which it shall be taken, paid, transferred, or assigned, and also to provide the mode by which stockholders may vote, and the number of votes to which each share shall be entitled; that the rules adopted shall be uniform, equally securing the rights of each stockholder, and also to provide for the election of such officers as may be deemed neces-officers. sary for the government, and management, of the affairs of the corporation; to ordain, establish, and put in execution, such by-By-laws. laws, ordinances, and resolutions, as they shall deem necessary and expedient for the government of said corporation, not inconsistent with the Constitution and laws of the State of Georgia, or of the United States, and in general to do and execute all and singular Election of |