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272 RAIL ROADS.
and place as may be designated by a majority of them, and organize themselves into a board of directors. The directors, when organized, shall cause
books fo be opened for subscription to the capital stock, at such times and
places as they may designate, and under either the supervision of one or
more ofthe directors, or such other persons as they may appoint. Said books
may be re-opened for further subscription to the stock, as often and at such
places, and under the supervision of such persons as any board of directors
may deem proper, until the whole amount is taken up.
§ 3. As soon as one thousand shares shall have been subscribed the directors shall cause an election to be held for the election of thirteen directors, at
such time and place as they may designate, having first given public notice
thereof in one or more public newspapers printed in the state. An election shall
be held on the first Monday of November in every year after the first election for thirteen directors for said company, in the event of a failure to
hold such election, this charter shall not for that reason be forfeited or
vacated; but an election shall be held at such other time as the directors
may designate; said elections shall be by ballot, and under the supervision
of one or more of the stockholders, who shall be sworn, and the persons
having the highest number of votes shall be elected. Every stockholder
shall be entitled to one vote for each share by him held, and any stockholder
not present may vote by proxy in writing duly executed to the person wishing
to vote. But no director shall be at liberty to act as proxy for any stockholder,
No person shall be eligible to the office of director unless he be at the time of
his election a stockholder in said company, and any director who shall at any
time after his election cease to be a stockholder, his office shall be thereby
vacated. The directors shall hold their office for one year after their election,
and until their successors are elected and qualified. They shall meet within a reasonable time after their election and choose from their number one
who shall act as president who shall hold that office for the time for which he
was elected director.
§ 4. The directors elected, shall receive from the directors appointed by
this act, all the papers and books belonging to the company. The directors
shall have power from time to time, to appoint agents, clerks, treasurer, engineers, superintendents, artists and all such other officers and persons necessary or proper to carry into effect the object of this act. They shall keep
8t journal of their proceedings, in which shall be entered all by-laws, rules
and regulations made by the board, and all orders for the payment of money,
and any one member of the board may require the ayes and nays to be entered
thereon, upon any vote given by the board, which journal shall be signed by
the president. The directors may designate by the by-laws what numberoi
their body shall constitute aboard to do business, they may appoint committees from their own body. In the absence ofthe president they may appoint a president pro tern, who shall for the time of his appointment have the
powers of the president. They may fill all vacancies which may occur in
their body, and the person thus appointed shall hold his office until the next
general election. They may fix the salaries of the president and all other
persons employed by them, but no director shall receive any compensation
for his services as director. They may prescribe the manner of transfering
the stock on the books of the company, may take from persons employed
security for the faithful discharge of their duties, may prescribe the manner
in which all notes, bonds, bills, or contracts shall be signed or attested, shall
have power to issue the bill and other evidence of debt of the company, but
they shall not issue any bill, or note, or other thing for the purpose of circulation in the community, nor shall they in any way exercise any banking
rights or privileges.
Object Description
| Title | 1836-1837, Missouri Session Laws, First Session |
| Identifier | index.cpd |
| Collection Name | Missouri Session Laws, 1824-Present |
| Creator | Missouri. General Assembly |
| Subject.LCSH | Agricultural laws and legislation--Missouri; Apportionment (Election law)--Missouri; Banks and banking--Missouri; Boggs, Lilburn Williams (1796-1860); Boundary disputes--Missouri; Law and legislation--Missouri; Militia--Missouri; Missouri--Appropriations and expenditures; Missouri. General Assembly; Missouri State Capitol (Jefferson City, Mo.); Missouri State Penitentiary; Railroads--Missouri; Revenue--Missouri; Roads--Missouri; Slavery, abolition, and emancipation--Missouri |
| Subject.Local | 9th General Assembly; Abolition writings--Law and legislation; Cities and towns--Law and legislation; Counties (Mo.)--Law and legislation; Courts--Missouri; Laws of Missouri; Private legislation; Private relief; Schools--Missouri; Session Laws (Mo.); Van Buren County (Mo.) |
| Description | Laws of Missouri, 1836-1837; the handwritten note in the upper left corner of the title page mentions the 1838 Laws of Missouri which was published in this edition; version 1 of the 1838 volume was electronically separated from the 9th General Assembly Missouri Session Laws |
| Date | November 21, 1836 |
| Date.Digital | 2016-04-08 |
| Publisher | Missouri. General Assembly |
| Publisher.Digital | Missouri State Archives |
| Type | Government and political records |
| Format | JPEG2000 |
| Language | eng |
| Coverage | Missouri--Clark County; Missouri--Clay County; Missouri--Clinton County; Missouri--Greene County; Missouri--Lewis; Missouri--Linn County; Missouri--Livingston County; Missouri--Macon County; Missouri--Miller County; Missouri--Pulaski County; Missouri--Shannon County; Missouri--Taney County; Missouri--Van Buren County |
| County |
Clark County (Mo.) Clay County (Mo.) Clinton County (Mo.) Greene County (Mo.) Lewis County (Mo.) Linn County (Mo.) Livingston County (Mo.) Macon County (Mo.) Miller County (Mo.) Pulaski County (Mo.) Shannon County (Mo.) Taney County (Mo.) |
| Source | Missouri State Archives |
| Rights | Copyright is in the public domain. |
| Preferred Citation | Laws of Missouri, (number) General Assembly, (number) and type (Regular, Special, Extra Session), calendar year, page number; State Documents Collections, Missouri State Archives, Jefferson City. |
| Contributing Institution | Missouri State Archives |
| Copy Request | Email: archref@sos.mo.gov |
| Note | Because of the age of the item, condition issues, and legibility, this volume was filmed in gray scale. This volume suffers from foxing caused by age related deterioration of the paper. The 1838 Missouri Session Laws, Version 1 has been electronically separated from the volume. Blank pages have not been digitized. |
Description
| Title | Missouri Session Laws |
| Identifier | LAWS_9th_1836-1838_0272.tif |
| Collection Name | Missouri Session Laws, 1824-present |
| Creator | Missouri. General Assembly |
| Subject.LCSH | Banks and banking--Missouri; Law and legislation--Missouri; Missouri--Appropriations and expenditures; Missouri. General Assembly; Revenue--Missouri; |
| Subject.Local | Laws of Missouri; Session Laws (Mo.) |
| Date.Digital | 2016-01-21 |
| Publisher | Missouri. General Assembly |
| Publisher.Digital | Missouri State Archives |
| Type | Government and political records |
| Format | JPEG2000 |
| Language | eng |
| Coverage | Missouri |
| Source | Missouri State Archives |
| Rights | Copyright is in the public domain. |
| Preferred Citation | Required citation: Laws of Missouri, (number) General Assembly, (number) and (type, Regular, Special, Extra) Session, Calendar Year, page number; State Documents Collections, Missouri State Archives, Jefferson City. |
| Contributing Institution | Missouri State Archives |
| Copy Request | Email: archref@sos.mo.gov |
| Transcript | 272 RAIL ROADS. and place as may be designated by a majority of them, and organize themselves into a board of directors. The directors, when organized, shall cause books fo be opened for subscription to the capital stock, at such times and places as they may designate, and under either the supervision of one or more ofthe directors, or such other persons as they may appoint. Said books may be re-opened for further subscription to the stock, as often and at such places, and under the supervision of such persons as any board of directors may deem proper, until the whole amount is taken up. § 3. As soon as one thousand shares shall have been subscribed the directors shall cause an election to be held for the election of thirteen directors, at such time and place as they may designate, having first given public notice thereof in one or more public newspapers printed in the state. An election shall be held on the first Monday of November in every year after the first election for thirteen directors for said company, in the event of a failure to hold such election, this charter shall not for that reason be forfeited or vacated; but an election shall be held at such other time as the directors may designate; said elections shall be by ballot, and under the supervision of one or more of the stockholders, who shall be sworn, and the persons having the highest number of votes shall be elected. Every stockholder shall be entitled to one vote for each share by him held, and any stockholder not present may vote by proxy in writing duly executed to the person wishing to vote. But no director shall be at liberty to act as proxy for any stockholder, No person shall be eligible to the office of director unless he be at the time of his election a stockholder in said company, and any director who shall at any time after his election cease to be a stockholder, his office shall be thereby vacated. The directors shall hold their office for one year after their election, and until their successors are elected and qualified. They shall meet within a reasonable time after their election and choose from their number one who shall act as president who shall hold that office for the time for which he was elected director. § 4. The directors elected, shall receive from the directors appointed by this act, all the papers and books belonging to the company. The directors shall have power from time to time, to appoint agents, clerks, treasurer, engineers, superintendents, artists and all such other officers and persons necessary or proper to carry into effect the object of this act. They shall keep 8t journal of their proceedings, in which shall be entered all by-laws, rules and regulations made by the board, and all orders for the payment of money, and any one member of the board may require the ayes and nays to be entered thereon, upon any vote given by the board, which journal shall be signed by the president. The directors may designate by the by-laws what numberoi their body shall constitute aboard to do business, they may appoint committees from their own body. In the absence ofthe president they may appoint a president pro tern, who shall for the time of his appointment have the powers of the president. They may fill all vacancies which may occur in their body, and the person thus appointed shall hold his office until the next general election. They may fix the salaries of the president and all other persons employed by them, but no director shall receive any compensation for his services as director. They may prescribe the manner of transfering the stock on the books of the company, may take from persons employed security for the faithful discharge of their duties, may prescribe the manner in which all notes, bonds, bills, or contracts shall be signed or attested, shall have power to issue the bill and other evidence of debt of the company, but they shall not issue any bill, or note, or other thing for the purpose of circulation in the community, nor shall they in any way exercise any banking rights or privileges. |
