Chap. 226.—An ACT to incorporate the Industrial Mining and Manutae-
turing Company.

Passed February 9, 1866.

1. Be it enacted by the general ass sembly, That Duff
Green, James Lyons, Stafford HL. Parker, d mes I. Apperson,
Benjamin E. Green, John Lb. Morton, Joseph E. Johnston,
William F. Taylor, and the owners of the shares herein
authorized to be issued, be and they are hereby made a body
olitic and corporate, under the name and style of The
Tndustrial Mining and Manutacturing Company ; and as such,
may have continual succession, and purchase, have, hold,
possess and acquire, by any law ful mvans, any estate or pro-
perty, 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 rights, powers
and priv ileces which may be necessary or proper for them to
have, use, exercise or enjoy, to enable them, as an incorporated
compamy, to open and work their mines, and to manutacture
iron and steel, and all other articles whatsoever; and to do
and perform all acts, not inconsistent with the rights of others
or the laws of this state, which may be requisite to develop
and make available their property and estate: provided 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 procced to organize
the company by the election of five or more directors; and
the directors for the time being may have and exer cise 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 trom time to time inercase the
resources of the company by borrowing money on a pledge
of their property, or without such pledge, or lay new sub-
scriptions; and the sharcholders shall be bound, each for
himself or herself, to pay the sums due on their respective
shares; and the sums thus due having been paid, such share-
holder shall not be liable for any further payments on account
thereof.

3. The by-laws may prescribe the number of and the man-
ner in which the directors, ofticers and agents shall be ap-
pointed, and may preseribe their terms of service, and their
powers and duties and compensation; and in all meetings of
the shareholders, each share shall be entitled to one vote.

4. This act shall take effect and be in foree 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 the general assembly reserves to itself the right to alter,
amend or repeal this act, at its pleasure.

Chap. 226.—An ACT to incorporate the Industrial Mining and Manutae-
turing Company.

Passed February 9, 1866.

1. Be it enacted by the general ass sembly, That Duff
Green, James Lyons, Stafford HL. Parker, d mes I. Apperson,
Benjamin E. Green, John Lb. Morton, Joseph E. Johnston,
William F. Taylor, and the owners of the shares herein
authorized to be issued, be and they are hereby made a body
olitic and corporate, under the name and style of The
Tndustrial Mining and Manutacturing Company ; and as such,
may have continual succession, and purchase, have, hold,
possess and acquire, by any law ful mvans, any estate or pro-
perty, 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 rights, powers
and priv ileces which may be necessary or proper for them to
have, use, exercise or enjoy, to enable them, as an incorporated
compamy, to open and work their mines, and to manutacture
iron and steel, and all other articles whatsoever; and to do
and perform all acts, not inconsistent with the rights of others
or the laws of this state, which may be requisite to develop
and make available their property and estate: provided 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 procced to organize
the company by the election of five or more directors; and
the directors for the time being may have and exer cise 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 trom time to time inercase the
resources of the company by borrowing money on a pledge
of their property, or without such pledge, or lay new sub-
scriptions; and the sharcholders shall be bound, each for
himself or herself, to pay the sums due on their respective
shares; and the sums thus due having been paid, such share-
holder shall not be liable for any further payments on account
thereof.

3. The by-laws may prescribe the number of and the man-
ner in which the directors, ofticers and agents shall be ap-
pointed, and may preseribe their terms of service, and their
powers and duties and compensation; and in all meetings of
the shareholders, each share shall be entitled to one vote.

4. This act shall take effect and be in foree 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 the general assembly reserves to itself the right to alter,
amend or repeal this act, at its pleasure.