Page:1863-64 Territory of Dakota Session laws.djvu/164

This page needs to be proofread.

RAILROADS. 165

ings of stockholders, all matters intended for the action of stockholders by the directors or stockholders authorized to call meetings, shall be published in the notice given for the meeting before which said matters will be brought.

Sec. 16. The said corporation shall be bound to repair all public highways or bridges which may be injured in constructing said railroad, and shall restore them, as far as practicable, to as good condition as they were before they were injured.

Sec. 17. Said company are hereby authorized to take and receive from the several subscribers to said capital stock, money, labor, materials and locomotives, or other articles adapted to the construction or operation of said railroad, or any property that, in the opinion of the board of directors, may be exchanged or converted to such use, and upon receiving full payment in manner aforesaid, of such subscription of stock, may be issued to such subscriber or subscribers certificates therefor.

Sec. 18. The company shall be allowed five years from the passage of this act for the commencement of said road; and in case said road shall not be completed in ten years thereafter, the privileges herein granted shall be forfeited.

Sec. 19. This act shall be construed beneficially for all purposes herein specified or intended, and shall be deemed and taken as a public act.

Sec. 20. This act shall take effect and be in force from and Take effect when after its passage.

Approved, January 9, 1864.