real and personal estate or any easement, as shall be agreed upon between the directors and any other party. SECTION 7. The stock of said company shall be transferable only on the books of the company, as the by-laws shall provide. SECTION 8. It is hereby declared that in the judg ment of the legislature, the objects of this corporation cannot be obtained under the general laws. SECTION 9. This is hereby declared a public act, and its provisions shall be liberally construed in all the courts of this state, and shall take effect from and after its passage and publication. Approved February 17, 1869. CHAPTER 24. AN ACT to change the name of James H. Sawley to that of James The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: Name changed. SECTION 1. The name of James H. Sawley, a minor residing in the town of East Troy, in the county of Walworth, is hereby changed to that of James Pollard, and he is hereby made and declared to be the heir-at-law of Martin Pollard of said town. SECTION 2. This act shall take effect and be in force from and after its passage. Approved February 17, 1869. CHAPTER 25. [Published February 20, 1869.] AN ACT to extend the time for the collection of taxes in the town of Shullsburg, La Fayette county. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. The time for the collection of taxes Extended. in the town of Shullsburg, La Fayette county, is hereby extended until the first day of April next: provi ded, the provisions of this act shall not extend to the state tax. SECTION 2. This act shall take effect and be in force from and after its passage. Approved February 17, 1869. CHAPTER 26. AN ACT to authorize the "mechanics' union manufacturing company" to increase their capital stock to two hundred thousand dollars. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. The "mechanics' union manufacturing company are hereby authorized to increase the capital stock of said company to two hundred thousand dollars. SECTION 2. This act shall take effect upon its passage and publication. Approved February 17, 1869. May borrow money and issue bonds. To be placed in hands of buildcommittee. CHAPTER 27. [Published February 20, 1869.] AN ACT to authorize the school district board of school district No. 5 of the town of Viroqua, in Vernon county, to borrow money. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. The school district board of school district No. 5, of the town of Viroqua, in Vernon county, Wisconsin, is hereby authorized to borrow money and to pledge the credit of said district for the payment thereof, to the extent of twenty-five hundred dollars, and to pay a rate of interest not exceeding ten per cent. thereon, and to issue therefor either bonds or school district orders. SECTION 2. That said bonds or orders when so issued shall be placed in the hands of the building committee of said district, to be disposed of by said committee for the purpose of completing the school house now in course of construction in said district, and that such bonds or orders shall be issued for such sum or sums as shall be necessary for said purpose. SECTION 3. This act shall take effect and be in force from and after its passage. Approved February 17, 1869. CHAPTER 28. [Published March 10, 1869.] AN ACT to amend the charter of the Rock river insurance company, and changing the name of said company. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: per pany changed. SECTION 1. The officers, directors and members of Name of comthe Rock river insurance company, and such other sons as may hereafter become stockholders in said company, and their successors and assigns are hereby created and declared to be a body corporate and politic, under the name and style of the " Wisconsin state insurance company," and by such name may have perpetual succession, may sue and be sued, plead and be impleaded, answer and be answered unto in all courts and places whatsoever, and have and use a common seal, and may alter or renew the same at pleasure. Said company shall have power to purchase, hold, en- Powers and joy and convey all such real and personal property as franchises. may be necessary for the convenient transaction of the business and affairs of the said company, and for the preservation and safe keeping of their books, papers and records; also to make all such by-laws, rules and regulations not inconsistent with the constitution and laws of the United States or of this state, as shall be necessary for the proper management, regulation and control of their business affairs, and may alter or amend the same at pleasure. May insure SECTION 2. Said company shall have power to insure any and all persons, companies and corporations property. against loss or damage by fire and lightning, wind or water, to any dwelling house, farm barns or any other buildings, household furniture, merchandise or any other property, real or personal; also against accidents of every description, both to persons or property, and against all risks by inland navigation and transportaon of persons or property, including navigation or ransportation upon any and all waters within the United States of America or British provinces, and to do 4-P. & L. Capital stock. May open books of subscription. When may elect directors. Where general all such acts and things as may be necessary, apper taining to such insurance business. SECTION 3. The capital stock of said company shall not be less than one hundred thousand dollars, and may be increased to any sum not exceeding five hundred thousand dollars, to be divided into shares of one hundred dollars each, and said stock shall be deemed personal property, and be assignable and transferable only on the books of said company, and under such regulations as the board of directors may establish. SECTION 4. The board of directors of said company are hereby authorized to open books and receive subscriptions to the capital stock of said company, at such time and under such regulations and restrictions as they may prescribe, and may determine the amount to be paid in at the time of subscription, and the time and manner of calling in and collecting so much of said subscription as may remain unpaid, and to forfeit to the use of said corporation the share or shares of any person or persons failing to pay installments on his or their subscription, on thirty days' notice to him or them, that the same has been called in: provided, that the books of subscription shall not be closed until at least one hundred thousand dollars of the capital stock of said company is subscribed for, and the amount which the board of directors shall require to be paid in at the time of subscription, shall have been actually paid into the treasurer of said company. And the said board of directors are hereby authorized at any time to receive subscriptions to the capital stock of said company, to an amount not exceeding five hundred thousand dollars. SECTION 5. After subscriptions to the capital stock of said company have been made and received in the manner provided in the last preceding section to the amount of one hundred thousand dollars, and not less than twenty per cent. thereof paid in to the treasurer of said company, the stockholders so subscribing and paying shall have power to elect the directors of said company to be hereafter elected, and at each election or meeting of the stockholders, each share of stock shall be entitled to one vote. SECTION 6. The city of Beloit, county of Rock and business office state of Wisconsin, shall be the place where the office located. |