Page:United States Statutes at Large Volume 16.djvu/145

 FORTY·—FIRST CONGRESS. Sess. II. Ch. 80. 1870. 111 shall have power to make by-laws for the management and disposition of R}=il¤‘<>¤d ¤<>¤¤- stock, property, and business affairs of such company, and prescribinv the p°‘m°s‘ duties of the officers, artificers, and servants that may be employed? and for the appointment of all the officers for the carrying on all the business By-laws` within the object and purposes of such company. Sec. 16. And be it jimi/ter enacted, That the stock of such company stock audits shall be deemed personal estate, and shall be transferable only on the *¤¤¤SY¤¤‘- books of the company; but no shares shall be transferable until all previous calls thereon shall have been fully paid, or the Shams Shall have been forfeited for the nonpayment of calls thereon. Sec. 17. And be it further enacted, That the president and a majority Certificate of of the directors, within thirty days after the payment of the last instal- °‘gl?u"tt'"}d_. ment of the capital stock so fixed and limited by the company, shall gtiysldgir (misplmake a certificate stating the amount of capital stock so fixed and paid meds. ¤W<>*¤¤>, in, which certificate shall be signed by the president and a ma_joi·ity of and r°°°rd€d' the directors, and sworn to by the president and secretary; and they shall, within the said thirty days, tile and record the same in the office of the register of deeds for the District of Columbia. Sec. 18. And be it further enacted, That every such company, before Ma and proconstructing a part of their road, shall make a map and profile of the 5]** °*P'°¤d*° b° route intended to be adopted by such company, which shall be certified madc and med' by a`majority of the directors, and tiled in the office of the register of deeds aforesaid, for the inspection and examination of all parties interestcd. Sicc. 19. And 6e it fur:/zer enacteal That every such corporation shall _P9W€Y9, liupossess the general powers and be subject to the liabilities and restric- tions in the special powers following, that is to say: First. To cause corporation. such examination and survey for the proposed railroad to be made as 18 £;‘*g:i;g“ may be necessary to the selection of the most advantageous route thr mnkg’s,,,.Q,cys, the railroad ; and For such purpose, by their officers, agents, and servants, &c. to enter upon the lands or waters of any person, but subject to responsibility for all damages which they shall do thereto. Second. To receive, V°I““*“‘°Y . grants and donahold, and take such voluntary grants and donations of real estate, and ,,,,,,,1 and h0“r other personal property, as shall be made to it, to aid in the construction, to be usedmaintenance, and accommodation of such railroad; but the real estate thus received by voluntary grants shall be held and used for the purposes _ of such grants only. Third. To purchase, and by voluntary grants and mlFEQ°g?$;;§ °’ donations receive and take, and by its officers, engineers, and surveyors GS,,;,;; &O_ {0,. and agents, enter upon and take possession of, and hold and use all such purposesof the lands and realestate and other property, as may be necessary for the °°'p°”*m°"‘ construction and maintenance of its railroad and stations, depots, and other accommodations necessary to accomplish the objects for which the corporation was created; but not until the compensation to be madet Eofglgnsaiggn therefor, as agreed upon by the parties, or ascertained as hereinafter 02, dgpgsitelg? prescribed, shall have been paid to the owner or owners thereof, or deposited as hereinafter directed, unless the consent of such owner be _ given to enter into possession. Four-th. To lay out its road, not exceed~ a“g’;5g:‘5r‘;‘3i0n ing six rods wide, and to construct the same; and for the purposes of of wpd_ cuttings, embankments, and procuring stone and gravel, may take as much more land within the limits of its charter, in the manner hereafter provided, as may be necessary for the proper construction and _ security of the road. Fifth. To construct their road upon any street, or of(g;5¤{1¤<:Sl¤¤ across any stream of water, watercourse, road, highway, railroad, or memmrpovm. canal so as not to interfere with the free use of the same, which the canals, wuterroute of its road shall intersect, in such manner as to ail"0rd security for °°“""“» &°‘ life and property, but the corporation shall restore`the stream or watercourse, road or highway, thus intersected, to its former state, or in a sufficient manner not to have unnecessarily impaired its usefu'lness_or injured its franchises. Sixth. To cross, intersect, goin, and unite with