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Annual statement of ac
worth, stating that all such lots or parcels of lands will be forfeited, if the taxes, interest and charges upon the same are not paid before the day mentioned in such notice.
SECTION 53. All lots or lands which shall be advertised for non-payment of taxes, shall be subject to a charge of five cents for each lot or parcel of land so advertised for the first advertisement, and each lot or parcel of land which shall be sold as aforesaid, shall be chargeable with the following fees: For each certificate to be given to any purchaser of any lot or parcel of land at each sale, twelve and one-half cents; for certifying the amount necessary to redeem any lot or parcel of land, twelve and one-half cents, and one dollar for each conveyance executed in pursuance of this act; the said fees to be paid by the person receiving such instrument. The charges for advertising the forfeiture of a piece of land, shall be ten cents for each lot or parcel.
SECTION 54. If any person who shall purchase any lot or parcel of land in pursuance of this act, shall pay any tax returned subsequent to such purchase on such lot or piece of land, the person or persons redeeming the same shall pay to the treasurer the amount of tax so paid, with interest at the rate of twenty-five per cent. per annum, for the benefit of such purchaser.
SECTION 55. All taxes assessed upon real estate in pursuance of this law for corporation purposes, or grading, graveling or paving, building, improving or repairing streets, highways, lanes, alleys or sidewalks herein mentioned, shall be a lien upon such real estate, in preference to any other lien, and all taxes levied and collected in said corporation for any special purpose, shall be expended for the purpose alone for which the same was levied and collected, and no tax shall be levied and collected in such corporation by the trustees of the corporation, or money expended thereby, not authorized by this act.
SECTION 56. Within ten days next preceding every counts allowed. annual election, the trustees of said village shall cause to be published in a newspaper published in the said village, or by written or printed notice put up in three or more public places in said village, a statement which shall show the name of every person who shall
have had an account or claim allowed. by them, the amount of such account or claim as presented, the amount allowed, and a brief statement of the nature of the demand. The statement so published shall embrace all accounts or claims allowed by the said trustees for the past year.
ure to hold elec
SECTION 57. If any election provided for in this In case of fail. act shall for any cause not be held at the time tion. prescribed, it shall not be considered a sufficient reason
for arresting, suspending or absolving said corpora
tion, but such election may be held at any time there
after, by order of the trustees of said village, of which
ten days' public notice shall be given: provided, that Provisos.
SECTION 58. The affidavit of any person competent Proof of publito testify in a court of justice, shall be received as proof of the publication of any notice required to be published by this act, in all courts and places.
SECTION 59. A majority of the trustees shall be a quorum for the transaction of business, but a less number may meet and adjourn from time to time until a quorum shall be present, but shall do no other business and in the absence of the president, five trustees being present, one of their number may be appointed president pro tem.
an act to a
SECTION 60. An act entitled "ar chapter 344 of the private and local laws of the year (4. D.) 1856, entitled 'an act to incorporate the village of Delavan,'" approved April 18th, 1858, and all other acts and parts of acts inconsistent with or suspended by the provisions of this act, are hereby repealed: provided, that the repeal of any such act or acts shall not suspend or invalidate the present organization of said village, nor any claim or demand against the same,
nor any ordinance, regulation, rule or by-law that may have been enacted by the board of trustees, not in present officers of the corporation shall continue to discharge their respective duties until the officers are duly elected and qualified under this act.
consistent herewith; and the are
SECTION 61. This act shall take effect from and after its passage.
Approved March 21, 1867.
Commissioners to receive subscriptions.
AN ACT to incorporate the Milwaukee and Brookfield macadamized turnpike road company.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. Theodore Hartung, B. Thorp, A. L. Monroe, James A. Mallory, Riley P. Carey, Louis Hellburgh, Frederick Irian, George Brown and Thomas Tobin are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be recived to the capital stock of the Milwaukee and Brookfield macadamized turnpike road company, hereby incorporated, and they may cause books to be opened at such times and places as they shall direct, for the purpose of receiving subscriptions to the capital stock of said company, first giving thirty days' notice of the times and places of taking such subscriptions, by publishing the same weekly in one or more newspapers published in the city of Milwaukee.
SECTION 2. The capital stock of said company shall be twenty thousand dollars, and shall be divided into shares of twenty dollars each; and as soon as two hundred shares of the capital stock shall be subscrib ed, and five per cent. actually paid in, the subscribers of such stock, with such other persons as shall as sociate with them for that purpose, their successors and assigns, shall be and they are hereby declared and Name and pow- created a body corporate and politic, by the name and style of the "Milwaukee and Brookfield macadamized
turnpike road company," with perpetual succession; and by that name shall have all the privileges, franchises and immunities incident to a corporation, to wit: they shall be capable in law of purchasing, holding, leasing and conveying estate, either real or personal, or mixed, and in their corporate name may sue and be sued, may have a common seal, which they may alter or renew at pleasure, and, generally, may do all and singular the matters and things which they are authorized by law to do for the interest and well-being of said company.
Election of di
SECTION 3. The said commissioners, or a majority rectors. of them, after the said two hundred shares of stock shall have been subscribed as aforesaid shall give at least twenty days' notice, in the newspapers hereinbefore mentioned, of the time and place of meeting of the stockholders for the purpose of electing seven directors; and annually thereafter the said stockholders shall meet on the first Monday of June, for the purpose of electing directors as aforesaid, upon a like previous notice, to be given by a majority of the directors for the time being, in such newspaper as they may think proper: provided, that previous to First directors. the first election, the commissioners herein before named shall elect one of their number president, and they shall perform all the duties and be invested with all the powers of directors; and provided, that if from any In case of failcause an election shall not be held at the regular time specified therefor, the same may be held at any other time, on notice as aforesaid; that until such election, the directors of the preceding year shall continue to act; and this charter shall not be rendered void by reason of any irregularity in or want of such elections, and in case of any vacancy in the board of directors, the same shall be filled by the other directors, or a majority of them.
ure to elect.
SECTION 4. The affairs of said company shall be Board of directmanaged by a board of seven directors, who shall be stockholders, and be chosen annually by ballot, by the stockholders of said company, the vote to be given in person or by proxy duly authorized, which directors shall appoint one of their number president, and shall serve until others are elected in their stead. They shall make and establish such by-laws, rules, or- By-laws. ders and regulations, not inconsistent with the consti
Quorum, officers, &c.
tution and laws of the United States and the state of Wisconsin, as may be necessary for the well-ordering of the affairs of said company. Each share of stock shall be entitled to one vote, and in all cases of elections for directors, the seven stockholders having the greatest number of votes shall be declared duly elected.
SECTION 5. A majority of the directors shall constitute a quorum for the transaction of business, who in the absence of the president, may appoint a president pro tem. The said directors shall appoint a secretary, treasurer, such engineers and other officers as they may find necessary, and fix their compensation, and may demand adequate security for the performance of their respective trusts; and they shall have power to decide the time and manner in which the said stockholders shall pay the money or labor due on their respective shares, not exceeding twenty per cent. in any one installment, and to forfeit to the use of said company the share or shares of every person or persons failing to pay any installments at a reasonable period, not less than thirty days after the time, appointed for the payment thereof. They shall have power to reg ulate tolls, to make such covenants, contracts and agreements with any person or persons or body politic whatsoever as the execution and management of the works and the convenience and interest of the compa y may require, and, in general, to superintend and direct all operations, receipts, disbursements and other Certificates of proceedings of the company. The commissioners until the directors are chosen, shall issue certificates to each stockholder for the number of shares he or she shall subscribe for or hold in said corporation, signed by the president and countersigned by the secretary, subject to all the payments due and to become due thereon, which stock shall be transferable in person or by the attorney, executor, administrator, guardian or trustee of the owner, under such regulations as may be provided by the by-laws of said company.
SECTION 6. At each annual meeting of the stockment of affairs. holders for the purpose of electing directors, the di rectors of the preceding year shall exhibit to the meeting a complete statement of the affairs and proceedings of the company for such preceding year; and special meetings of the stockholders may be called by order