Chap. 225.—An ACT to incorporate the Industrial Mining and Manufac-
lustig Company.

Passed February 28, 1866.

1. Be it enacted by the general assembly, That Duff Green,
James Lyons, Stafford IL. Parker, James L. Apperson, Ben-
jamin EK. Green, John B. Morton, Joseph k. Johnson, Wil-
liam If. Macfarland, and the owners of the shares herein au-
thorized to be issued, be and they are hereby made a body
politic and corporate, under the name and style of The In-
dustrial Mining and Manufacturing Company; and as such,
may have continued sucecssion, and may purchase, have, hold,
possess and acquire, by any lawful means, any property and

estate, real or personal; and the same may use, lease, let, sell,

mortgage, transfer and convey, or otherwise dispose of; and
shall ‘have, possess, exercise and enjoy all the nehts, pow ers
and priv jleses which may be necessary or proper for them
to have, use, exercise or enjoy, to enable them, as an incor-
porated company, to open and work their mines sand to mann-
facture iron and stcel, and all other articles whatsoever; and
to do and pertorm all acts, not inconsistent with the richts of
others or the laws of this state, witch may be requisite to
develop and make available their property and estate: pro-
vided the said company shall not, at any one time, own in
this state more than twenty-five thousand acres of land.

2. The capital of the company shall consist of shares of
ten dollars each; and when five thousand shares shall have
been subscribed, the shareholders may proceed to organize
the company by the election of five or more directors ; and
the directors for the time being may have and exercise, for
and in behalf of the company, all the rights, powers and
privileges which are herein given or intended to be given to
the said company; and may from time to time inercase the
resources of the company, by borrowing money on pledge of
their property, or without such pledge, or by new snbserip-
tions: and the sharcholders shall be bound, each for himself
or herself, to pay the sums due or to become due on their
respective shares: and the sums thus due having been paid,
such shareholder shall not be liable tor any further payment
on account thereof.

3. The by-laws may prescribe the number of and the
manner in which the directors, oflicers and agents shall be
appointed, and may prescribe thir terms of service and their
powers, duties and compensation; and in all mectings of the
shareholders, cach share shall be entitled to one vote.

4, This act shall take efiect and be in force from and after
its passage, and be subject to the general laws of this state
which are not inconsistent with the provisions of this act,
and may be amended or repealed, at the pleasure of the
general assembly.

Chap. 225.—An ACT to incorporate the Industrial Mining and Manufac-
lustig Company.

Passed February 28, 1866.

1. Be it enacted by the general assembly, That Duff Green,
James Lyons, Stafford IL. Parker, James L. Apperson, Ben-
jamin EK. Green, John B. Morton, Joseph k. Johnson, Wil-
liam If. Macfarland, and the owners of the shares herein au-
thorized to be issued, be and they are hereby made a body
politic and corporate, under the name and style of The In-
dustrial Mining and Manufacturing Company; and as such,
may have continued sucecssion, and may purchase, have, hold,
possess and acquire, by any lawful means, any property and

estate, real or personal; and the same may use, lease, let, sell,

mortgage, transfer and convey, or otherwise dispose of; and
shall ‘have, possess, exercise and enjoy all the nehts, pow ers
and priv jleses which may be necessary or proper for them
to have, use, exercise or enjoy, to enable them, as an incor-
porated company, to open and work their mines sand to mann-
facture iron and stcel, and all other articles whatsoever; and
to do and pertorm all acts, not inconsistent with the richts of
others or the laws of this state, witch may be requisite to
develop and make available their property and estate: pro-
vided the said company shall not, at any one time, own in
this state more than twenty-five thousand acres of land.

2. The capital of the company shall consist of shares of
ten dollars each; and when five thousand shares shall have
been subscribed, the shareholders may proceed to organize
the company by the election of five or more directors ; and
the directors for the time being may have and exercise, for
and in behalf of the company, all the rights, powers and
privileges which are herein given or intended to be given to
the said company; and may from time to time inercase the
resources of the company, by borrowing money on pledge of
their property, or without such pledge, or by new snbserip-
tions: and the sharcholders shall be bound, each for himself
or herself, to pay the sums due or to become due on their
respective shares: and the sums thus due having been paid,
such shareholder shall not be liable tor any further payment
on account thereof.

3. The by-laws may prescribe the number of and the
manner in which the directors, oflicers and agents shall be
appointed, and may prescribe thir terms of service and their
powers, duties and compensation; and in all mectings of the
shareholders, cach share shall be entitled to one vote.

4, This act shall take efiect and be in force from and after
its passage, and be subject to the general laws of this state
which are not inconsistent with the provisions of this act,
and may be amended or repealed, at the pleasure of the
general assembly.