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No. 541.

AN ACT

To extend the charter of the West Branch Bank, at Williamsport.

SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the charter of the West Branch Bank, at Williamsport, Pennsylvania, be, and the same is hereby continued and extended for the period of fifteen years, from and after the expiration of the present charter, subject to all the provisions, limitations, restrictions, and privileges of the act of Assembly passed at the present session of the Legislature of this Commonwealth, entitled "An Act regulating Banks," approved the sixteenth day of April, A. D., one thousand eight hundred and fifty. SECTION 2. That the capital stock of said Bank shall be sixty thousand dollars, with the privilege of increasing said capital stock to one hundred thousand dollars, the amount as now provided for in the present charter of said Bank.

JOHN S. McCALMONT, Speaker of the House of Representatives.

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APPROVED-The seventeenth day of August, A. D., one thousand eight hundred and fifty.

[1849.]

WM. F. JOHNSTON.

rporation.

No. 408.

AN ACT

To incorporate the contributors to the fund for the relief of the ministers and their widows, connected with the Synod of the German Reformed church, in the United States.

SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the association of ministers of the Synod of the German Reformed

church, in the United States, for the relief of their widows, and superannuated members, is hereby constituted a body politic and corporate, in deed and in law, by the name, style, and title of the "Contributors Style. to the fund for the relief of ministers and their widows, of the German Reformed church, in the United States," and by the said corporate name shall have perpetual succession, and be able to sue and be sued, Privileges. plead and be impleaded in all courts of law and equity, to make, have, and use a common seal, and the same to alter and renew at pleasure, and by the name, style, and title aforesaid, shall be able and capable in law and equity to take, hold, and enjoy all and all manner of lands, tenements, rents, annuities, and hereditaments, goods, chattels or sums of money by gift, grant, bargain, and sale, devise or bequest, from any person or persons, or bodies politic, 'capable of making the same, and the same to grant, bargain, and sell, mortgage, and dispose of for the benefit of the fund hereby created, and generally to do all such matters and things that may be lawful and necessary for the furtherance of the objects herein mentioned and declared: Provided, That the clear yearly Proviso. income of the said corporation shall not exceed the sum of ten thousand dollars.

SECTION 2. The object and design of this association shall be for the Object. purpose of creating a fund for the relief of the widows of deceased contributing ministers connected with Synod of the German Reformed church, in the United States, so long as they shall remain such widows, and for aiding and assisting superannuated contributing ministers in connection with the said Synod, for which object all moneys received for admission to membership, and from the annual contributions, and all property or sums of money derived from any other source, shall be formed into a permanent fund, and the interest and income thereof only shall be used and distributed for the purposes aforesaid, excepting such funds which may be otherwise specially given and bequeathed.

SECTION 3. Any minister in connection with the Synod of the Ger- Who may be man Reformed church, in the United States, may become a contributor contributors. to the fund hereby created, and entitled to all the privileges thereof, on the payment of five dollars for a certificate of membership, and an annual contribution of three dollars, but any minister as aforesaid who shall neglect or refuse to become a member when he had an opportunity of so doing, and shall afterwards apply for admission, shall, in addition for his certificate of membership, pay up all the annual contributions from the time he neglected such opportunity, and any minister aforesaid, being a contributor to said fund, who shall accept a call from any other denomination, in regular correspondence with the Synod aforesaid, shall receive a regular admission therefrom, shall continue entitled to all the benefits of the said fund, on payment of the annual contributions as aforesaid.

SECTION 4. Any member who shall leave, resign, or be dismissed Forfeiture of from the Synod aforesaid, except as herein before provided, or who shall claim. be in arrear in the payment of the annual contributions for three years, and shall neglect or refuse to discharge the same, after a written notice from the board of trustees, shall forfeit all claim to the benefit of the said fund, and his name shall be stricken from the list of contributors, and thereafter shall only be re-admitted as any other new member, and on the payment of all former contributions.

SECTION 5. The affairs of the association shall be managed and con- Affairs, how to ducted by a board of trustees, consisting of nine members, who shall be be managed. annually elected by ballot, at a general meeting of the contributors, to be held at the time and place of the annual meeting of the said Synod, in each and every year, and who shall continue in office until the next

Organization.

Ratio of admis sion, &c.

Proviso.

Annual state

annual meeting of the contributors, and until their successors shall be duly appointed.

SECTION 6. The trustees shall meet as soon as practicable after their election, and organize their board by electing from their own body, by ballot, a president, one vice-president, a treasurer, and secretary, and shall hold at least one meeting in each and every year, for the transaction business, for which purpose a majority of them shall at all times constitute a quorum.

SECTION 7. The board of trustees may from time to time, in their discretion, increase the rate of admission to membership to any amount not exceeding the sum of fifty dollars, and shall have full power to manage, control, and invest all property and moneys belonging to the said fund, in such manner as they may deem most safe and productive, and the same to change, alter or renew at pleasure, and to apply the interest and income thereof, after payment of necessary expenses, by distributing the same in an equal and equitable manner among the widows and superannuated ministers who may be entitled thereto, agreeably to the provisions herein contained: Provided, That the yearly distribution to any one widow or superannuated minister shall not exceed the sum of two hundred dollars, and in case any surplus should at any time remain after such distribution, the same shall be added to the general fund and invested as aforesaid.

SECTION 8. The said board of trustees shall keep correct minutes of ment of affairs. their proceedings, and accurate accounts of all investments and disbursements, which shall be produced at each and every annual meeting of the contributors for their inspection, and shall at the same time submit a full report of the affairs and condition of the association, and the manner in which the funds have been invested and distributed.

Vacancies.

Trustees.

SECTION 9. The said trustees shall have power to fill any vacancy in the board, occasioned by death, resignation or otherwise, until the next annual meeting of the contributors, and to make all necessary bylaws, rules, and regulations for their own government, and for managing and conducting the affairs of the association, agreeably to the provisions herein contained.

SECTION 10. The said board of trustees shall consist for the time being, of Samuel Helffenstein, Senior, H. Bebighaus, B. C. Wolff, Albert Helffenstein, Junior, J. F. Ferg, E. Heiner, J. R. Kooken, D. Weiner, and J. H. A. Baubergen, who shall continue in office until the first annual meeting of the contributors, and until their successors shall be duly appointed.

WILLIAM F. PACKER,

Speaker of the House of Representatives.

GEORGE DARSIE,

Speaker of the Senate.

APPROVED The ninth day of April, A. D., one thousand eight

hundred and forty-nine.

WM. F. JOHNSTON.

[1848.]

No. 388.

AN ACT

To incorporate the Chesnut Hill railroad company.

SECTION 1. Be it enacted by the Senate and House of Representa tives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That G. W. Carpenter, James Gowen, A. L. Roumfort, Jacob Peters, John Commissioners. Stahlman, William E. Morris, C. G. Childs, Windham Stokes, M. S. Wickersham, Owen Sheridan, C. P. Bayard, Lloyd Mifflin, John Wister, Junior, or any three of them, be, and they are hereby appointed commissioners to do and perform the several acts and things hereinafter mentioned, that is to say, they shall on or before the first day of June next, procure and open suitable books at such proper times and places in the city of Philadelphia, in the borough of Germantown, and such other place or places as they may designate, of which times and places at least three weeks' public notice shall be given in not less than two weekly newspapers printed in the county of Philadelphia, in which books they shall enter as follows, to wit: We, whose names are here- Form of subunto subscribed do promise to pay the president, directors, and company scription. of the Chestnut Hill railroad company the sum of fifty dollars for each and every share of stock set opposite our respective names, in such manner and proportions, and at such times as shall be determined by the president and directors of said company, in pursuance of an act entitled "An Act to incorporate the Chestnut Hill Railroad Company;" witness our hands, the day of one thousand eight hundred and forty and at the times and places so designated and named in the public notices to be given as aforesaid, the said commissioners, or any two of them, shall attend and furnish to all persons duly qualified who shall offer to subscribe an opportunity of so doing, and it shall be lawful for all such persons, and for all firms, co-partner- Who may subships, and bodies politic and corporate by themselves, or by persons scribe. duly authorized to subscribe for shares in said stock, and the said books shall be kept open at least six hours in every day for the term of three days, or until there shall have been subscribed two thousand shares, and if at the expiration of three days the books aforesaid shall not have the number of shares therein subscribed, the said commissioners may adjourn from time to time, and to such places as they may deem proper, until the whole number of two thousand shares shall be subscribed, of which adjournment the commissioners aforesaid shall give such public notice as the occasion may require, and when the whole number of shares shall be subscribed the books shall be closed: Provided always, That no sub- Proviso. scription for such stock shall be valid unless the party or parties making the same shall at the time of subscribing pay to the said commissioners five dollars on each and every share subscribed for the use of the company.

Letters patent.

Style.

Privileges.

Proviso.

Proviso.

Organization.

SECTION 2. That when six hundred shares shall have been subscribed, and five dollars paid on each and every share as aforesaid, the said commissioners, or a majority of them, shall certify to the Governor under their hands and seals the names of the subscribers, and the number of shares subscribed by each, and that five dollars on each have been paid, whereupon the Governor shall by letters patent under his hand and the seal of the Commonwealth, create and constitute the subscribers, and if the subscription be not full at the time, those who shall thereafter subscribe to the number of shares aforesaid, their successors and assigns into a body politic and corporate in deed and in law, by the name, style, and title of "The Chestnut Hill Railroad Company," and by the said name, style, and title, the said subscribers shall have perpetual succession, with all the privileges, franchises, and immunities incident to a corporation, and be able to sue and be sued, plead and be impleaded, in all courts of record and elsewhere, and to purchase, receive, have, hold, use, and enjoy, to them and their successors, goods, chattels, and estate, real and personal, of what kind or nature soever, and the same from time to time to sell, exchange, mortgage, grant, alien, or otherwise dispose of, and to make dividends of such portions of the profits as they may deem proper, and also to make and have a common seal, and the same to alter and renew at pleasure, and also to ordain, establish, and put in execution such by-laws, ordinances, and regulations as shall appear necessary or convenient for the government of said corporation, not being contrary to the Constitution and laws of the United States, or of this Commonwealth, and generally to do all and singular, the matters and things which to them it shall lawfully appertain to do for the well-being of said corporation, and the due ordering and management of the affairs thereof: Provided, That nothing herein contained shall be so construed as in any way giving to said corporation any banking privileges whatever, or any other liberties, privileges, or franchises, but such as may be necessary or convenient to the procuring, owning, making, maintaining, regulating and using said railroad, the locomotives, machinery, cars, and other appendages thereof, and the convey. ance of passengers, the transportation of goods, merchandize, and other commodities thereon: And provided further, That said company shall not purchase or hold any real estate, except such as may be necessary or convenient for the making and constructing of said railroad, or for the furnishing of materials therefor, and for the accommodation of depots, offices, ware-houses, machine shops, toll-houses, engine and water sta tions, and other appropriate appurtenances, and for the persons and things employed or used in and about the same.

SECTION 3. That the said commissioners, or a majority of them, shall as soon as conveniently may be after the said letters patent shall be obtained, appoint a time and place for the subscribers to meet to organize the company, and shall give at least two weeks' notice thereof in the various newspapers before mentioned, and the said subscribers when met shall by ballot, elect by a majority of the votes present, to be given in person or by proxy, nine directors, a majority of whom shall be resident citizens of this Commonwealth, and shall be owners respectively of at least five shares in the stock of said company; the said directors, and those thereafter to be chosen in pursuance of this act, at their first meeting, shall choose by ballot one of their own number as president of said company, and the said president and directors shall conduct and manage the affairs and business of said company until the second Monday in January then next ensuing, and until others are chosen, and may make, ordain, and establish such by-laws, rules, orders,

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