Show utah railroad and mining milling and land company bill in the house of representatives beb feb february rua rna ry 26 1872 ar mr anan clipman chipman tn an introduced the following bili allf emch was read twice referred to the committee on arones mines and maning mining and ordered to printed imprinted be A BILI to incorporate the mah nah ing and land company be it enacted by the senate and nome mouse of B representatives of the united clale stales games of america in congress assembled that james edward mcconnel mcconne lieutenant colonel richard rehard batemon Batee Bate eon uri sir thomas bateson baronet member of parliament samuel stephen bateson acton tindal arthur bott cook john edward bartlett and arthur bruce frazer and suck such sueh such other persons as may be associated with them and their successors ces sors are hereby created a body poll poli tic and corporate in the territory of utah and adjoining territories by the name style and title of the utah railroad mining and iland land company and by that name shall have succession and shall be able to sue and be sued buel plead and be impleaded pleaded Im defend and be defended in all proper courts of law and equity and may make and have a common seal beo bee 2 that the c capital ital itai stock of the said corporation sha shall ali ail be five Ta million illion dollars divided into shares of one hundred dollars each and the same bame E shall hall be ba deemed to be personal property and transferable on the books of the corn com any pany only and such capital stock may eo bo increased from time to time to the extent necessary to carry out the oba oets gets for which the said company is formed not exceeding in the whole the sum of twenty fie fave million dollars upon a vote of two thirds proxy in amount of the stock for the time being in favor of such increase 14 hee see 3 that the said company shall have power to make such stich bylaws by laws lawe as aa it deems proper for the disposition of its property pro pirty and estate I 1 and for the management of its busin bubin ess ees and affairs for the regulation of the term of office of its officers and thele their duties and to carry out the general objects of the corporation and the same to amend or repeal at pleasure provided that such bylaws shall not conflict with any auy invy lavy of the united states or of any of the territories thereof or states which may be formed ther therein thareld eid eld bee bec 4 that the corp orators name hame named I 1 in this act shall be ba the directors for the filst first year I 1 from the organization of the oom eom company pany or until etters are elected and there thereafter arter after annual elections of bf directors not less than thail seven beven nor hor more than thirteen in number shall shail bo held by the stockholders at sit meetings ta be called for tan that pur i e at wah ekeh each ware bhare of stock present in person or dr by pixy roxy shall be entitled to fo on b e vote vota and the majority thereof shall elect bec sec beo 5 that the general objects of such corporation are and are hereby herebi declared to be rs follows to TJ develop the resources of the territory of utah and mad the adjoining territories or states by the oona cona ruction of rail wagon fuld and other er roads and telegraph lines and in more re particularly of railroads connecting the mineral Ini districts in ifa south utah with the tho railroad beslem aylem uniting the atlantic aud and pacific be ees bes boards both to the south annd anid korthof nor salt lake city ther the opening and development of mines and coal fields of all descriptions and especially in south utah the erection of smelting smelling sm elting reduction and other works manufactories manu factories and industrial pur pursuits suits the purchase and sale or leasing of lands mines minel lind and buildings and the said company for the purpose of building and working such railroad shall have rave the right of df way through the public lands of the united states from and between the points aforesaid the said right of way being to the extent of two hundred feet on each side of said railroad line and such corporation po ration shall possess all the franchises necessary to enable it to build and work such railroad for the transportation of freight and passenger passengers and to collect and receive compensation and the powers privileges and franchises conferred on corporations by and under the provisions of the statutes of utah and the adjoining territories or of any and all amendments thereto are hereby confirmed to and invested in the said corporation subject to the said bald statutes for the purposes of this act see sec 6 that such corporation may make and aud dispose of its bonds or other obligations in such amounts at let such rates rateb and on hsuch terms hsai it may way deem best besl for forn foll tife Ilfe purpose of fl 06 0 k O 3 t aw tt IT ct h t v I 1 satu doin i t borrowing money forthe for the purples purposes afore adore sai dand may secure the same by a amort mor t ga gage ao 20 u upon on ail all or any part of its property a and nil nii its franchises franchise and m may s y make the same and the interest thereon therdo li payable at such uch place or places as it may deem proper and amsy hold and transfer such sueh real estate aforesaid and personal property as may be necessary for the carrying out of its general gentral purpose sand band saud may issue its it stock bad nad bonds for property and again exella exelia exchange ngo ha ilia property to for r its bonds or stock and nary daay couver conver bany tany any ady of ils its obligations at the option of the holder hoider ir into stock of the company without further action of the stockholders see sec see sec 7 that tefa act vinall take effect immediately and shall at rii nii nil nii times be subject to amendment or repell by con gross gras and he the said corporation shail bhail be bb subject to the general laws of the said territory of utah and the adjo adjoining inin 9 Territories and the states formed therein operating upon all corporations equally |