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Liabilities.

May unite with other

Georgia and Alabama Railroad Company.

power to create liens, by mortgages, or deeds of trust, to be executed by, and on behalf of said company, in such proper manner, and with such lawful terms and conditions, as said Board of Directors. may prescribe, covering the Rail Road of said company as constructed, and to be constructed, and including all other property and rights possessed and to be possessed by said company, or such portions thereof as the said Board of Directors may deem proper..

SEC. V. That the private property of the Stockholders shall be bound for the debts of said company, which the company may fail to pay, in proportion to the amount of stock owned by each Stockholder respectively, to the amount but not exceeding the amount of the stock owned by the stockholders respectively, so as to make the property of each Stockholder bound for an amount, equal to the amount of his, or her stock, in said company.

SEC. VI. That said company shall be, and they are hereby authorized and empowered, acting by their Board of Directors, to unite and consolidate their road, and stock, and franchise, with the Companies, road, and stock, and franchise, of the Dalton and Jacksonville Rail Road company, and any other Rail Road company, of this or any adjacent State, to such extent, and on such terms, as may be agreed on, by, and with the company or companies, entering into agreement with them.

SEC. VII. That the said Georgia and Alabama Rail Road company shall have power (acting by their Board of Directors, or by the Stockholders in convention,) to increase their capital stock to such amount as may be deemed proper, not exceeding the cost of Power to in- constructing and equipping their Rail Road; and the said Board grease capital. of Directors shall have power to receive such additional subscriptions to the capital stock of the company, within the limit prescribed, as they may deem advisable; and on such terms and conditions as they shall prescribe, and as may be agreed on, with the party or parties taking the stock.

Defaulters.

Proviso.

9

SEC. VIII. That the said company shall have power, acting by their Board of Directors, to declare forfeited, and thereby cause to be forfeited, the stock and subscription to stock of the company of any stockholder, or subscriber to stock, who shall have failed to pay up the installments called for, and due, on his, or her, or their subscriptions, unless such stockholder, or subscriber to stock shall, within a period to be specified in the notification hereinafter direct ed, not less than sixty days from and after the publication of no--tice, pay up the amounts due, and in arrears, on the installments on subscriptions to stock which shall have been called for; Pro-vided, That before declaring and causing any such forfeiture, the said Board of Directors shall cause public notice of their intention to do so, to be given by publication, setting forth the names of the party or parties, whose stock or subscription it may be proposed to declare forfeited; and specifying the time within which such defaulters may come and pay up arrearages; which publication shall

Milledgeville and Macon & Western Railroad Companies.

be made for four consecutive weeks, in the newspapers then being published in the city of Rome, in this State.

SEC. IX. Repeals conflicting laws.

Approved 14th February, 1866.

(No. 214.)

An Act to change the name of the Milledgeville Rail Road Company, and for other purposes.

SEC. I. The General Assembly of the State of Georgta do enact, as follows: That the name of the Milledgeville Rail Road company, be, and the same is hereby changed to the name of the Macon and Augusta Rail Road company, with the approval of its President and Board of Directors, and that all the rights, powers, immunities, and franchises, of the former, shall be continued to the latter. changed: SEC. II. This Act shall be in force from its passage, and all conflicting laws are hereby repealed.

Approved 23rd February, 1866.

(No. 215.)

Name

An Act to repeal an Act, entitled an Act to amend the charter of the Macon and Western Rail Road, assented to, December 14th, 1863, and also, an Act entitled an Act, to amend an Act to amend the charter of the Macon and Western Rail Road Company, assented to December. 14th, 1863, assented to March 19th, 1864.

SEC. I. Be it enacted by the General Assembly of the State of Georgia,
That the above recited Acts. be, and the same are hereby repealed.
SEC. II. That this Act shall take effect from, and immediately
after its passage.

SEC. III. Repeals conflicting laws.
Approved 20th February 1866.

(No. 216.)

An Act to incorporate a Company for the purpose of laying down Carriage Railways in certain streets in the City of Savannah, for operating the same under a grant or ordinance of City Council of said City, and for other purposes.

Acts

repealed:

SEC. I. The Legislature of the State of Georgia do hereby enact, That the grant or ordinance, given, or intended to be given, by the City of Savannah, in the State of Georgia, passed the 14th day of June, A. D., 1865, to William Ebbitt, John Condit Smith, Charles B. Phillips, their associates, executors, administrators and assigns, to lay, construct, and operate Carriage Railways in said city, in Bay street and extensions; Indian or Mill street, to the present and fu-nance passe ture corporate limits of said City; also, in South-Broad street, with the 14th day connections on West Broad street; Willliam or New street to the Canal; East Broad street, and Thunderbolt road to the present and

D. 1865,

passed

made valid

Proviso

Savannah Street Railways.

future corporate limits of said City; and such other streets or avenues, as are mentioned in said ordinance; and all powers, privileges, liberties and rights, granted or conferred by such ordinance, or grant, or intended to be conferred thereby, or that may hereafter be granted or conferred, by said city, to said parties, associates or successors, are notwithstanding irregularities, hereby confirmed and inade valid and effectual in law, in the said Charles B. Phillips, John Condit Smith, John Phillips, William Ebbitt, and George B. Armstrong, William L. Church, A. W. Arrington, Solomon Cohen and George W. Wylly, or assigns, having, or being entitled to, such grant, permission, right, powers, privileges, and liberty, granted as aforesaid, and the said persons or their assigns, as aforesaid, are hereby authorized and empowered, to lay, construct, and operate, or run Railways, upon and through the streets, avenues, or places, in said ordinance or agreement mentioned, or that. may hereafter be granted by said city, together with the necessary turnouts and switches, for the proper working of said Railways; Provided, That, before the work of constructing said Railway shall be commenced, the said ordinance or agreement, shall be confirmed, or a new ordinance passed, by the Mayor and Aldermen of said City.

SEC. II. That said Charles B. Phillips, John Condit Smith, John Phillips, William Ebbitt, George B. Armstrong, William L. Corporators. Church, A. W. Arrington; and their successors, be, and they are

Name.

Loss of bag.

gage.

Capital.

Limit.

hereby created a body corporate and politic, by the name of the Savannah City Railway Company, with all the powers and authority incident to corporations, for the purposes mentioned in said ordinance aforesaid. Said corporation shall not be liable for the loss of any baggage carried on said Railways, kept in and under the care of its owner, his servant or agent.

SEC. III. The capital stock of said corporation shall be three hundred thousand dollars, and may be increased from time to time, at the pleasure of said corporation; such increase of stock not to ex-` ceed five hundred thousand dollars; said stock shall be divided into shares of one hundred dollars each, and be issued and transferable in such a manner, and upon such conditions, as the President and Directors of said corporation may determine; said corporation shall Right to issue have the right to issue bonds to the amount of two hundred thousand dollars.

Shares.

bonds.

Corporate powers,

Board of
Directors.

SEC. IV. All the corporate powers of said corporation shall be where vested. vested in, and exercised by a Board of Directors, and such officers and agents as said Board shall appoint. The first Board of Directors shall consist of said Charles B. Phillips, John Condit Smith, John Phillips, George B. Armstrong, W. L. Church, A. W. Arrington, and Mayor of Savannah, ex officio, and thereafter, of not less than three, nor more than seven stockholders, who may be chosen. each, and every year, by the Stockholders; each share of one hundred dollars being entitled to a vote, at such time, and in such manner, as the said corporation shall, by its laws, prescribe. The

Votes.

Skidaway Shell Road Company.

said Directors shall hold their offices until their successors are elected and qualified; and they may fill any vacancy which may Vacancies. happen, in the Board of Directors, by death, resignation, or other

wise; they may also adopt such by-laws, rules and regulations, By-laws, &c. for the government of said corporation, and the management of its affairs and business, as they may think proper, not inconsistent with All eats subthe laws of this State; all their acts shall be subject to the appro-ject to approbation of the President of said corporation.

where.

SEC. V. The said corporation is hereby authorized, with the as- Authorized sent of the Justices of the Inferior Court of the county, to lay down to operate, and operate said Railways, in, upon, or over and along, any common highway, in said county, to any cemetery, or public places of resort, belonging to said city, but in such a way and manner as not to obstruct common travel over the same. In all cases where vehicles meet, or overtake the cars or carriages of said railways, either in the city or county, said vehicles shall give way to the Vehicles cars, or carriages of said railways. Said corporation shall have the way to ears. right to carry such baggage as may be offered. The charges for Right to car freight, baggage or passage, to be always subject to the approval of &c. the City Council of Savannah; and the rate of speed at which said Rate of cars may run, through said streets, to be fixed by such regulations as the said Council may prescribe.

shall give

ry baggage,

speed.

ters shall

SEC. VI. That this charter shall have no force or effect until the When char subject shall have been referred to the legal voters of said city of take offeat. Savannah, and county of Chatham, and be affirmatively endorsed by a majority of said legal voters.

ed.

SEC. VII. This act to take effect and be in force, from and after its passage, and all acts and parts of acts, inconsistent with the pro- Acts repeal visions of this Act, are hereby repealed, and declared to be inoperative, so far as the same are applicable to this Act. Approved 21st March, 1866.

(No. 217.)

XIII. SHELL ROAD.

ACT NO. 217.- SKIDAWAY SHELL ROAD COMPANY.

An Act to amend "an Act to incorporate the Skidaway Shell Road Company, and for other purposes therein named", assented to December 22nd, 1857.

cember 23rd.,

SECTION I. The General Assembly of the State of Georgia do enact, That the fifth section of the Act of incorporation of the "Skidaway Shell Road Company", passed December 22d, 1857, be, and Fifth section the same is hereby amended, so that it shall and may be lawful, for 1865, amend said corporation to build and construct two branches, to, and from d the road authorized by said Act; the one from the road of said cor- authorized. poration to Bonaventure, in Chatham county, over and upon, the

Branch roads

Oostanaula Steamboat Company.

highway leading from said Shell Road to Bonaventure; and the other, from the road of said corporation, to Thunderbolt, in said county of Chatham, over and upon the highway leading from said Shellroad to Thunderbolt, or by diverging therefrom in either branch, upon obtaining the consent of the Inferior Court of Chatham county, and of the board of commissioners of public roads for said county.

SEC. II. That each and every section of said original Act shall Original Act apply to said two branch roads, the same as to the road originally authorized by said Act.

to apply to.

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Breamble.

Style.
Powers.

An Act to incorporate the Oostanaula Steamboat Company, with powers of Insurance.

WHEREAS, It is of vital importance to the agricultural and mercantile interests of this State, to encourage the introduction and use of Steamboats, on our many navigable rivers;

SECTION I. The General Assembly of the State of Georgia do enact, Corporators. That S. B. Smith, A. G. Pitner, J. J. Cohen, Samuel Gibbons, Thomas Perry, J. R. Stevens, J. D. McDowell, and their associates and successors, be, and they are hereby constituted a body politic and corporate, by the name and style of the Oostanaula Steamboat company, and by that name and style may sue, and be sued, plead and be impleaded, in any Court of law or equity; may have and use a common seal, and break, alter or renew the same at pleasure ; may make such by-laws, rules and regulations, as the Stockholders and Directors may deem necessary, or expedient; Provided, The same be not contrary to the laws of this State, or of the United May hold real States; and may hold, purchase, receive, retain, enjoy, sell and and personal transfer, real and personal property of such description as the necessity of their business may require.

Proviso.

estate.

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SEC. II. The capital stock of said company shall consist of one hundred shares, of one hundred dollars each, which, by a vote of a majority of the Stockholders, at any meeting regularly called for that purpose, may be, from time to time, increased, by the creation of new stock, of one hundred dollars per share, as said stockholders may find it expedient, provided, that the whole amount of capital stock shall never exceed the sum of one hundred thousand dollars.

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