Indiana American, Volume 10, Number 4, Brookville, Franklin County, 21 January 1842 — Page 1
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. OOK COPHTKT OPK COPlfTaT'lMTKBT AHPOPKCQPBTEIfMBKfll. - "" "" ' ' .. , 't 8ROOKTILLE, FUAIVKI COOTY, INDIANA, FRIDAY, JANUARY 21, !84g. FfX
erta, cost ofsiM.eiintendence ami rc-
fiipjn that portion of said Canal new fntrLexcecdi hc entire income fiom both
jsnJ water rents, and is an annual fax
,tiii Stale Treasury, and tikelv to so con-
ae.il left in its present condition And,
irrcaaii immense amount ol woti: tlclie
A materials sunn'ied for the Iitn of
iCanll, Bi? ;'.;''7 Olllg IO UCblllKliOll,
I will scon beguile useless, UiuffSeaiU Cn-
jjsooi- completed at a Urge additional
n5e Ana, whereas, the gre it body ot
ople of ihe White Water Yral-
ile li
ffhile iVatrr f'aH.'y- Canal
. Company. IXfU liiii BY MR. rAHKE', , EECEMBKrt 24. 184!.
izlc'e-tmi referred to the dnnmittee on In'j!,nproveriV.n ts. Dec. 29, n ported back, the table, and vm h'tndrrd copies or frtillo bt printed. jfnS5EV5, Ht'CRlIrC of lli pP C U Hlarj e.
U ...mcntf ot Ihe Mate ef Indiana, there
Seen an entire suspension olall operations the White Water Can.il, with view to its fileK1.''- !or about t i years and a half. 1 w.'iereai, it is deemed inexpedient Tor
Lcr.-, because of those emhair-'ssmenlr,
at-iral herself farther, for the purpose of
Ufcuting s&id work, at this time And,'
lions have been be th company actually commenced on the line of said Canal, with a view in good faith to the vigorous prosecution of the game to completion; whereupon, proclamation of the transfer as aforesaid, shall be made br the Governor. See. 3. That upon proclamation made as
aforesaid, it shall be the dutv of all officers of
State, or others holdirg the same, upon reasonable demand made by said company, to deliver over to said company all book 3, maps, profiles, drawing, apparatus and instruments, field ntcs,accounts of curve! and memoranda of locations, with all estimates that in any way appertain to said Canal; together with all agreements, title papers and deeds, by which any properly, real or personal, or any
interest therein, or any relinquishment, right
or way, water rent, or any other right, privilege, or immunity in any wise appertaining to
said Canal, may be assured to the Stale and,
c r
1fl
-.; Jl lil J url-.ll" I lll'll lilw vyiiiiciiuu -ir'.M.il n !, V it-Anal l?-.il DirrpOii.
of raid company, and may also erect mills, machinery and any other hydraulic works on said Canals, feeders and reservoirs;and whenever in any of the ways aforesaid, sad company shall become possessed of any land or real estate. which it may be necessary for them to retain for the purposes aforesaid, it shall b" lawful for them to lease, occupy, Alien and convey the same, by lease or deed, with iheir seal affixed thereto: Provided howiver, That all lands and estates belonging to said company, necessary for the. navigation of said Canal, and for maintaining and repairing the same, and the works connected therewith, shall be held by said company, and applied to and for the aforesaid purpose?: Provided
further, That said company may at any time
take any conveyance of real or personal estate, to any amount that may be deemed expedient, whenever it may become advisable
to do so lor me purpose ol securing any debt
generally, in like manner, to deliver Up lo, or demand in favor of said compauv: but anv
.ni.l ........... -1 1 i. : i t . -i I i .. 1 :".... i i i- " . i . .
vumiiaiij , ail tilings Deiongiug io me State, in any wise appertaining to said Cmnl, and needful for the acquisition or enjoyment of , ill and each of the rights hereby transferred to, and carrying out the legitimate ob
jects of said company. And such delivery
ill vest the Mtna absolutely in said compa-
. - i t ' r.i c-o-.- - II
Lfiatlie original oesigti oi wiu oiai?. womu
ai'iiHinense tititity : Ilierefore, For the purpose ol inducing the r T a T I C- il l
lament oi private capital lor wic coinnie-
oi"s.vd t'anal as aforesaid;
Sec- I. Be it envcted by the (J crier al Assembly Slate of Indiana i Thai James Unnvri li.
bsiwE. Iledrick. tS-.imuel Jinks. Harvey
iciiede, Joel Palmpr,. Urban Edcrton.
r:i:itn Foils, of the county of rrankliii.
tr.-r.w Crisler.Jair.es Si.iw. Taniel Han-piereny cioitieu with the power, to use the
water ojatl streams and fountains needlul for for si J canal: Provided, That said canal shall be so constructed a to admit of as cheap nnd easy n junction to be made therewith, as pos-
ible, without essential prejudice to the luteri
n V, agreeably to the true intent of this aci.
See. '1. That snid canal shall be completed ai herein conteinpiated,upn the general plan and dimensiors, and as nearly as practicable and expedient, on the precise route heretofore adopted by the State; nnd the said company is hereby authorised to construct the same whh all the necessary and usual appendages and improvements, and with Ml things useful for the com orient and profiable enjoyment of said canal,and all hydraulic works
desiraoie lo connect therewith; and the said N,.- SllId bylaws, rules or regulations, may be
.rtmpany shall he at liberty, and they are sue(j forand recovered bv said comnanv, l
il I - w .
nropcri v io taken, if not needed for the legit
imate purposes of the company, shall be by the company absolutely disposed of, within
five year from the time of being possessed of
the kame. Sec. S. That it shall be lawful for said company, from time lo time to fix, regulate and receive the tolls and harges by them made receivable, for the passage of all boats
or other craft, and for the transportation of
ail property or persons, on said Canal; Provided, That the rates of tolls established, from time to time, shall be posted up in conspicuous places at convenient points on said Canal.
Sec. 9. That said company shall have pow
er, from time to time, to make and ordain all needlul by laws, rules and regulations, touching their business: and the penalties provided
ment of the tolls nnd charges imposed by said company agreeably to the provisions of this act; and no other toll or tax whatever for the use of said canal nnd the work's thereon erected, shall at any time h.-reafter be imposed, but by the consent of tin Stte; and n cases where any road or public highway i?so located as that said canal, or any of its feeders or tributaries cannot be judiciously laid out and mado without interfering therewith, it shall be lawful for said company to cause said road or highway to be so altered as that said canal and other woiks may be laid out and constructed on the mnt advantageous site of ground: Proxidtd. That said romnnnv
hhnll cause such road or highway, thus altered, to be ut in rs good repair as the old one
was, at uie tune or removing the same, at their own cost, and befoie shutting up or ob. slructing said highway; and to do so, all requisite power is hereby granted lo said company. Sec. 13. The capitttl stork of said company shall consist of five hundred thousand dollars, which may he increased at any time to any sum not exceeding double that 'amount, that may be necessary either for the construction of said canal and the appendages needful for the enjoyment of the same, or for the construction of mills, machinery or other manufacturing establishments, requisite or expedient for the full and profitable use of the hydraulic privileges growing out of said canal, or for keeping up, maintaining and carrying on such hydraulic works; said stock hal be divided into shares of fifty dollars each, and may be taken by individuals, conn panies, corporations, counties or 6tates, lobe paid for in surh way and manner and at such times nnd places as shall by said company be prescribed. Sec. 14. The persons named in the firet
section of this act, or any nine of them,' some
,.S!omoti CUvpool, Abta'i.mi Council,
totje rnbarger.Henry GoodUnder. New-
CUvyiOol, George Davis, and a..am
orf,9itne county of Fayette; and Dickerson
Kirst.John Talbntt, Robert Murphy, Hcniy
"SLhuil. Samuel T. Sharp. Ira I.nrkey,
,!omon Meredith, Bei-jan.il. Conklin. Wili5i Petty. William Conwell,Sanford Lack-
J.jhti Hutchinson, llliam Lihott, and ha Whippo, of the county of Wayne, and te r.f Indiana, their associates and succcs- , he and they are hereby constituted and ie a boily politic and corporate, and shidl and reniaia smb. forevt-r, under the name kTlie Whitt Water Valley Canal Compa-
5"f and v UvU nama sn:u ,cupany may
jiitract and be contracted with, may sue and 1 t M .
AKMevu'.e, ona r.e sueii ami p.osecuuu io
lal judgment and execution, in all courts ....... ! ii.
sung fti;ipeit:u lurts&u Hon, and oo anouv
r tilings legitimate for such company lo do; -A tht-v are hereby invested with all the
jivers and privileges in any wise necessary
ftxpedient to carry into ettect the proper
j-intis of the association.
Sec. 2. In consideration that s;ii J company
I' d', within five years from and after the 1st ij of March next, complete ; id canal to the Xi:iml Ro.id.at CamSridgc CityJu Wayne fewtv. the State of Indiana shall, and si e
hcrclv transfer Mid ield up to said
orppmy. subject to the stipulations hereafter r:iir.j,her entire interest in the line of said
Cirul. throughout the whol length the reof, vom VeOhio rirerto the National Roa I B3 foresaid, all her estate in, and right aid title '-t'ie sinc, together with all the water privand rents, materials cu hand, quarries.
' i""H'.i5lH!ICIH?5 Ileitis HIIU ll'41il 'l " "J ,
?:!T;!pge nnd inilnunitii? of every kind, ;-3ii. out of said cam!, nnd all thnt in any .ppertnins to I lie same, and to the said
wet nelon'intr. to hold and ciuor the same
'fever, to the proper and cxilumc
-i benefit ana bchocf ot said
ClAiiik'! Pra?U4 hnmrvrr. Th it lit anv
m after the expiration of fifteen jcars from
adiVr the completion of id Cafiaj ni
H?ouiv,d, iha s.ud State rea rvts to herself
right to resume said Canal, with the priv-
''cgesliereby granted, upon paying to said company the full atcount of their exenJilure
l'i'n tie same, bv vy of construction; nnd
ipon taking it upon htrstlf in (he stead of
n'J Company to comply cvilh any leases the
''mnany may have made of water or other
?ritilces, and with anv contracts that may
x then oulstandine, in reference to supcrln-
n!ence or repairs of said Canal; Provided
vlhcr, That from and after the exniration of
- 1 y. - ... - . .
''Hi misen years, all .hc net prohti of said taml and water privileges, exceeding eight
l"!rier,ton Uie said capital stock by the vom-
pw invested, b'lall be , the ccmnnnv Daid
v'it9 tlie 8;;t Treasury, within -a reasonable
-lm f. .1- I l .r !?.-l i
nuvr me Cieciarauou oi cjiviocihis, lor at 'na of the State. Provided further. That
tatir nme nrior to the resumption of said
inal ,v thf Kt.tt. n nfnrAhl. it shall be
Jwfui for snid comparv to forever extinguish !9intsrestof the State in said Canal, or Jn wise growing out of the same nnd to dat profits so as aforesaid provided to he 0id ioin lho Sfal T-o.ihn- hi ravinir tUm
o her own bonds, at their face, or in
jMej, the full ninonnt by the State expenby way of constructing said Canal. And jjWut?r, That the transfer of the in-
'"'I not take Uce until -aid tompnny is "'7 Cganfied'. and at least four hundred
doiiar of slock M taken, and an
"uMavii r.r
their nwnilteaml hpnfil. hpfnr anv rmirt til
- t - r i . :
romnPlont inrisflif linn - hirh nonnlli. l,ll 1 31 wniCIl Sliall be Ol each Ol the COUIltieS O
in no case exceed the sum of ten dollars; and said company shall cause said by laws, to the
breach of which penalties arc affixed, lobe
printed, and a copy thereof to be placed in
. mil Irf
t rests o) said company, by any lateral canal EOme conspicuous situation ut each toll house;
inat may ue constructed oown ttoiana 4 tone, nn(j ,rany persoa 6r person
mar
any person or persons shall willfully
A. r ..n j , '
, utimc vi uun uunu iiiv cupy so eel up,
from the vicinity of Centreville, nnd the priv
ilege e f such junction is hereby granted to 8aid company n.ay sue for, and recover to a . a 1.1 1 I - I . "
wuomsoevermayconsirucisucniaieraicanai: their own ue,a sum not exceeding ten dollars
Provided Jurlher, I hat the "Hagerstown Ca- (,or efS than lire dollars, of such person or nal Company" ehnll at all limes hereafter nersons: and on the trial of all suits and nrose-
have the privilege of connecting their canal cutions. broutrht bv said comnanv. for anv
r.e i t . i .1 . i a . J ' '... y
wun inc canai coniempiaieu ay mis aci, cause whatever, he rteu ar tv of all the r
agreeably to the provisions of their charter: proceedings to entitle them to sue or prose-ProciVWuriA.-r.Thatwhenever the Richmond cute, shall be presumed; but no common law
and BrookyiHe Canal may be completed, all ground of defence when made toappear.shi.il,
boats navigating said canal shall ne tree to by anything herein contained, be construed
navigate the canal contemplated iy tni act, to have been taken awav. a . 1 . . I t I t J . I a rfc mi . . '
sut'ject only to tne same ions, ruies auu regu- oec. lU. mat u any person or persons lations as other boats: And provided, further, shall wilfully obstruct the water or navisa-
Thal it shall be lawful for said company to Hon, remove, or in anv nay spoil, injure, or
make nny change that maybe deemed ex-(destroy said Canal, its branches, feeders or
pedient, inTthe materials nnd mode oi con-1 reservoirs, or nny part thereol, or any thing
strutting locks, aqueducts anu leedcr dams,! belonging thereto, or nj materials to be use
and in the line so as to leed the canal atvam- m the construction or for the
bridst City, and approach the national road juich person or persons, or a
in the cheapest and most expedient manner: sons, RB3isting,aiding or aoet:ing
Prozidcdifurlher, That should ihe Richmond pass, shall forfeit and pay to said company,
and brookvitle Canal be completed prior to treble the amount of damages sustained by
the expiration of said fifteen years named in means ofsuch offence or injury, to be sued for
this act, all lolls collected between the mouth and recovered with cot of suit, by action of
of Slid rnnal nnd Harrison, for freight or ps debt in any court having competent junsdic
senders passing out of, or into the mouth oliiion.
said canal in boats engaged in its regular Sec. 11. That whenever any lands, water
trade, during (he residue ofsnid fifteen years or materials shall be taken for (he construe
ihall eruretc. the exclusive use of he comp.-j lion of said Canal, or any of its feeders, or
nv comidetinc the came; hut the rate c( tolls work connected luercwith, and the snmr - ' . . .. . i lit ii . i i. - ;l
cha
aerials to be used i-ousanu oo, ars ol capital stork shall s repair thereof, ce" ";. '-I id commissioners i uy person or per- 6x'i,e ,,me fr R reeling of ihe stockhol t:ing in suchtres- Ht n"ersville .foresaid, thirty days no
irged shall not be ! than those charged shall not be given or granted to said compa. the White Water Valley Canal Company, ny, and the proprietor or proprietors do not
Sec. 5. That for the purpose of assuring lo agree with s id company as lo the compeiiiit-
said company nil lauds, real estate, waters (ion to be paid therefor, it shall be lawful for and materials requisite for the most cconom- the person or persons claiming compensation (relit- ronstructiny&nd maintaining said canal as aforesaid, to select for themselves onenrbl-
. t .1 ..-!- ...! I ? A I I I !!. h n .1 a.i.l rnr .,. n ala.il . . I n I m..I.,m
iiniui, niiu 9iiii vviii'tiii viinii rcicwi niiviiv;i , and the two thus selected shall tnke to themselves a third, who shall award as arbitrators
between the parties, nud report the result of
their nward in writing, to the Secretary ofl
i sale ccmpanv, who shall enter the same at
full length with the olhef jiroceedings proper
and work-connected therewith, and incident
and neceMaryto the navigation ofthe lame; wher.evrr the said lands, water and materials shall not be obtain? d by voluntary donation or fait purchase, il shall be lafci -ur ,a'd comnanv bv anv cf their of officers, and by
each and every agent, superintendent, or engineer by thetn employed, to enter upon and take nof session of. and use all such lands, real
estate and water as shall be necessery for the
purposes aforesaid; nnd alio lo enter upon and take all necessary materials for Ihe construction of said canal and other works con
nected therewith, adjoining or near said canal or other works, on whose lands soever they
may be, and not otherwise taken and appro-
printed by the owner io any special use; uumg thereby no unnecessary damage, they satisfying nnd paying all damages which may be
occasioned thereby to any person or persons in the manner herein after provided. , Sec 6. That if at any time any unexpected i.l.Btnrles. impediments or inconveniences oc
cur. on the route of said canal or any of its
feeders, sn.d company shall have the power lo deviate from the course and location marked
out. so far and in such manner at my DCst
calculated toaurmount or avoid iuch obstacles
or inconveniencies; said company sa'fying all damage occasioned thereby in the manner
herehtter provided
See. 7. That said company be.and they are
authored and empowered topurehase St to
hold to them and their successors (orever.rea
nnd personal estate to any amount necessary
for constructing, maintaining and repairing
said Canal, and the works connected there with; and may receive, hold and take all vol
untary grants and donations of land and rea'
a'eitHthe Secretary ol State, that opera-' estat, which shall be made to aid the object
ly apperlaing to said arbitration, in books of said company; and from any suchawnrd either party may appenl to the Circuit Court hav
ing jurisdiction thereol; and such appealsshall in all things be governed by the laws
regulating appeals from justices ot the peace, regarding said secretary as the justice for all purposes of appeal; and in all cases when compensation shall be claimed for lands or wa . .... . . i - .
ters, it shall he the duly.ol ihe arbitrators or
die court or jury trying the case, to estimate my advantage which the location and establishment of said Canal iway be to the person
or persons claiming such compensation; and such advantage shall be. set off against the
compensation so claimed ol saia company;
- . a a a a . .
and said aDDeal. when taken ana nieu iu uie
. .. . 1 . i J .L
court, shall be by the cierit aocKeiea, ana uie
nerson or nerons claiming the compensation
shall be set down as the plaintiff, and the
rnmnanv the defendant.
.. , . -.:j .,
Sec. is. It man oe tne amy oi . wm.
nanv to consiruci suuaoie uu . i i i :- C Awo ot all
btidges oer taia cauai nnu m places where they may crow any eisB6 .faip rnnntv road.or streets of towns,whicb
W -o - - -w 1
at the lime of constructing the same snan oe
opened and used as such, without unnecessary . ... -1 i i . n i i . ri
delay; ana tnesaiacaaai wiim wiiiiv-! .Kail forever thereafter be esteemed and ta-
-
L-n ta he navigable as a oublic bichwa Y.iree
for the transportation of all persons, goods,
commodities and produce whatsoever, on pay
Franklin, Faiclte and Wavne) shall be com
rn'issioncrs, whose duly il shall be, as soon as m-ix be convenient or expedient, after the
passage nf this act, to meet at Counersville in
said county ol Fayette, and designate some suitable places for the opening of books, and
cause the same to be duly opened for subscription ofthe capital stock of said company;
thirty days not-ce, at least, shall be given bv
said commissioners, of (he limes and places of opening said books, by publication in such
newspapers as may be deemed expedient
either in or out of the State. The books of
subscription shall be kept open so long as said
rnrrmi2ftiAiri mav ! nni .,. ;l .. -
...... .vw. -- m , V 1 1 1 VAUUICIIIt HUW 11 V a- . ' 1 . -
dollars on each share subscribed, shall be paid
lo the commissioners before the election of the first board of directors. Should there be a surplus of stock subscribed, said commissioners are empowered to make the requisite reductions, except that no subscriptions shall be reduced to less than ten shares. Sec. 15. That as soon as four hundred
thousand dollars of capital stork shall have
shall
kholders,
notice
at least, of such meeting having beeu given, -i.. . - p. .''.it
io eiei i miiu aireciors each el whom shall oe a stockholder, to an amount of at least five
shares; said directors shall hold lh:?ir offices.
for one year, and until their successors shall he chosen, as hereinafter provided for The
said commissioners shall he inspectors of ihe
first election of directors, and tliall certify un der their hands the names of those duly elec
led, and deliver over to them the subscription books, and money received. At ead election, and at all subsequent election., each
stockholdei shall have one vole on each share
up te ten ; one vote on every two shares above ten up to thirty ;one vote on every three shares above thirty up to sixty; one vote on every four chares above sixty up to one hundred; and one vote on every five shares above one hundred; but no individual, company, corporation, county ur State, thnll have more than one hundred votes. Sec. 1C That the directors which shall he chosen at such fu st election, and at each annual election thereafter, shall, befoie enter.
ing on the duties of their office, takeanov.h or affirmation, faithfully and diligently to perform the duties of the same, to the best of their abilities; and shall also, at their first meeting, choose one of their number to be president, .who shall preside until the nrx: annual election thereafter, and until another president shall be chosen. In case ofthe
death, resiennt.on, or removal from the State,
ofthe President, or the death, resignation, or
abandonment of the duties of his oflice, of
any director, such vacancy may be filled for . .I ". 1 f J!
the remainaer oi uie icrm oy me ooaruoi aireciors. They shall also appoint a secretary and a treasurer, determine their salaries, pre
scribe their duties, and require such security from the latter, as chey may deem expedient.
A majority of the directors shall constitute a
board for everv purpose within the provisions
of this act. Every election of directors, after
the Grst, shall be held en the first Monday of January, in ench and every year, nnd at the
town aforesaid, alter notice as aforesaid, ana
they shall hold their efhecs for one year, nnd until their successors are chosen and qualfied.
Every such election shall be held under the
inspection of three or more stockholders in
-
said company, not being directors, to be pre
viously appointed by the . board of directors
for that purpose. Any stockholder, not per
soually present, may vote by proxy; -such
the peron representing him at such election.' Sec. 17. Thai in rase it should at anytime h.ppen that the clcrlion of direetor shall i be made on any day. when pursuant to thin net it ought lo be "made, the said company5 shall not for that cause be deemed to be dis-' solved, but suth election may be held rt anv' other time directed by the by laws of said rorrpanj And ail the regular official doing, of said president and direclors.ot inconsistent with this cl.arirr and the rules and bv law established under the same, shall in all cases he deemed the : doings of the company,' and" forever be held valid as tut h; and tin; sign a-, ture ofrfiid President, atlc-lcd by the secretary of the cwmpany, Ehali in all cases be deemed and taken as fu'l evidence and authentication of uoh doings, except in such cases as by the inies of the company, may be required lo be authenticated by their seal. Sec 18. The president and directors of said company, or any agml of theirs, thereunto by them lawfully authorised, shall hare full power ( neem-mie ,Py Joan r loans,' that may "c by said company deemed expedient for rarryug out .my orall ofthe object contemplate by it-Mart; and for the pnjJ ment of surh loans Mgr.:ahy to the term agreed upon, said company shall bind therm selves by theii bonds, which bond when signed by Ihe pneident and attested by the secretary ef the company, and by the compa
ny auiy orarren to oeisruej. shall bo a valid
ten upon all the stoik and effects of said com
pany, in the order ol their issue, and all the
Sects of said compa n v. both real and per-
sonal, shall be deemed amf tnken as pledged
lor the punt (ual px ment of the mterel ri said bonds, and th. nlumate redemption of
he principal. aerreMhii In nmtratl. "- V Sec. 19. Thai mi ll M kl.ol.h r IH11 i-
bound to pav annurttU mil sum rot excepti
ng one four:h of the amount of his stock sub
scribed, in such way and in uch funds, ser
vices, obligations or at tit le of value, as said
President and Director.: may derm it expedr eat to requite, by rivii.ir at h-lsl sixty daft
notice of the time. plre ftrd moele f payment, in ftM public newspaper of general circulation; but ut. assessment rhall t-vcr be
made so a to render anv nih riher liable' (o
pay more than fifty tUdUrp f r a share. And at all limes whenever a I tiger sum than four hundred thousand dolUis shall be needed for
the purpose of said company, the President and Directors, or the duly constituted agent or agents ofthe company, may raise the ntessary funds bv creattag and selling additional shares in surh manner and upon such terns
as the company may prescribe and Ihe holders
of such additional iharrss! all thence (ward
be members f said company for all purpose.
Sec. 20. I hat if any suiscriber shall neg-
ect to pav his subscrip'iou, or any instalment
or portion thereof, fur ihe space of thirty d4s nfte r he is required so lu do. by the sai J com
pany, notice having been given as required
by this ar.l, the treasurer cf the company r any other person duly authorized for that
purpose, may make sale of sai l share or thanes at p'lhlic auction, lo ihe highest bidder there
for, giving at least thirty nonce thereat in some public newspaper in general circula
tion, and the same shall be transferred by the Treasurer in the mani-rr hereinafter prei' ded to Ihe purchaser, at.d . said deliuquf r.t subscriber shall he enticed to the overplus, if the same shall be sold fur more than th amount su remaining due. alter deducting the cost of sale, and in case ol a t'eticit nflcr the sale of ihe iiixk cf such delinquent subscriber, it shhll be lawful to collect (he same according to law as other debts. - Sec. 21. The slo k of said rctr-pany hali be personal prnpcity. and shnl! be transferable according ta tbe rules and by-Uw of tLa company; and neb certificates of stock takeia, sad receipts lor infUlhn-Mit pai.l .shall ba given as ta th company niay rein moat expedient, and said rntapany shall, on the first Monday in July and January in ach'yrarift.er the cmnpleit'on of raid canal, declare and make ocirdivictendtintticy may deem
proper of the net profit ai insr from the source of paid company, deducting suck sums as way b deemed expedient because of outstanding debt, and the nerery current md crmtirgcnt vsprn-
cee, and they shall divide the same amonet- tb stockholder of ssid eompaay, in proponrwa t their respective sh re. - j '. . See. 22. Tkat aid company shall be entitled t
the benefit of all law, ahuuld they desire it. wl.iob are or shall be in force, for the collection nf tqls,or
for the protection of sny canals conslracted bytki
stats, far a such law skatl be aecessaj 16. esure the collect ira of toll, of fertile protection of the canal and other property wliicU the CAiypany
may lawfully hold wubin tbe limit of tb.s site. in order mor fully to carry inta effect the ffoviiontoflbis act; and ia any suit instituted' aainat , said company, the service of legal process 'ao the president or an the treasurer, or secretary aCaaid company, shall ke held in all courts and.bc. a sufficient ervice on aid company. ,,' Sec. 2?.. That for Ihe purpose of ehnliJing ihe stockholders to nsreriain the cost and .profit of said canal and all works and investments of said company connected therewith, plain and accurate accounts of all lbcreceipts and expenditures of said company, spccjfy ing
clearly the nature of each, shall he-kept by the companj, and shall be at all timcJ subject
to the inspection of the icneral Asfif mtily or
of any commute e or agent' y the xJenrrM
Assembly created Tor that purpose, and bysaid stockholders, vihenevrr any tfo"Wf them
shall apply at the same time for nrli il.iec.
Hon. . - - .7 i Sec. 21. This act ri sll be In forte from and after its passage, afti the charted' hereby created nay at ty Una be atnaMM. fMett r
Ivapealad by any subasaeaa Irfistotir; Urnhre
proxy being granted in writing directly to) of both Houses eoaearrinf tkaraia.