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corporate capacity, to borrow and loan any sum or sums of money not exceeding the sum of twenty thousand dollars, from or to any person or persons, corporation or body politic of any kind, and make and execute in their corporate name all necessary writings, notes, bonds or other papers, and make, execute and deliver such securities in amount and kind as may be deemed expedient by said corporation not exceeding the sum of twenty-five thousand dollars, and shall be vested with all the powers and privileges necessary to carry out and fulfill the objects of this corporation.

SECTION 2. T'he members of this association shall May elect ofihave further power to assemble at such times and cers. places as may be agreed upon, and they shall be autborized to elect a board of officers to consist of a president, vice-president, recording secretary, financial secretary, corresponding secretary, treasurer and trustees, not less than three nor more than nine in number, who shall be elected semi-annually to their respective offices by such members as shall by the rules and regulations of this association be entitled to a vote at such electious.

Section 3. The control and disposal of the funds, Control and property and estate, and the direction and management disposal of

. of all the business and exercises of the said association onder such directions and restrictions as may be im. posed by the rules and regulations thereof, shall be Tested in the board of directors so elected as aforesaid, and all real and personal property, funds or securities Dow held or hereafter acquired by the present officers of said association or by either or any of them, as such officers, or by any other person or persons in trust for said association, or for the use or benefit of the same iceluding all debts due or to become due to the same, from the members thereos for stated dues in arrears, fices or otherwise or from any other person or persons, shall rest and become the property of, and may be sued for and recovered, in the name of the said corporation hereby created.

SETION 4. It shall be lawful for said corporation Board of directo prescribe the powers and duties of the board of bonda, directors and to require bonds for the faithful performance thereof, in such penal sum and with such sureties as they may choose.

SECTION 5. The estate, property and funds of said Row property

corporation shall be devoted to the general purposes and clujects specified in the first section of this act.

SECTION 6. This act shall take effect and be in force from and after its passage.

Approved February 22, 1868.

CHAPTER 111.

AN ACT to incorporate the Wisconsin protective fuel company.

Corporators.

Name and powers.

Capital stock.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

SECTION 1. Thomas Severn, Edward W. Diercks, George R. Smith, Henry Reuter, Charles G. Denny, their successors and associates are hereby created a body corporate and politic, under the name and style of the Wisconsin protective fuel company, and as such shall bave perpetual succession; may sue and be sued in all courts of competent jurisdiction and shall have the powers and privileges hereinafter mentioned and all the other usual powers of corporations.

SECTION 2. The amount of capital stock shall be fixed from time to time by the board of directors of said corporation: provided, the same shall not exceed the sum of two hundred thousand dollars. The shares shall be twenty-five dollars each. When twenty-five thousand dollars shall be subscribed the corporation shall have power to act and do business under this charter.

SECTION 3. The property and affairs of said corpo. ration shall be managed and conducted by a board of five directors, a majority of whom shall constitute a quorum for the transaction of business; the directors shall be elected annually by the stockholders and hold their offices for one year and until their

successors shall be elected and have qualified. The annual elections and other meetings of the stockholders shall be held at such times and places and under such regulations as may be prescribed by the by-laws of the corporation, and at all elections each stockholder shall be entitled to one vote for each share of stock held by him,

Board of directors.

Annual elec tion.

Meeting of stockholders.

and may vote either in person or by proxy: provided, no person shall be eligible as a director of said corporation who is not a stockholder therein. The board of

Officers of the directors shall elect a president and a secretary and board. treasurer from its members, and may fill any vacancy in its own number by electing any stockholder to fill the same. The stock of the corporation shall be transferable only on the books of the company, SECTION 4. The said corporation shall have power Basiness of the

corporation. to deal at wholesale and retail in all kinds of fuel, and for that purpose to acquire and hold lands and mines either in this state or elsewhere, in order to procure wood. coal or other fuel therefrom, and to dispose of all such la nds and mines, to establish yards wherever it may be found convenient for the purpose of storing fuel and buying and selling the same, and may purchase, lease, hold and dispose of lands, docks, yards, shipping and other property that may be necessary or convenient to carry on a trade in fuel and exercise the powers hereby granted. The principal place of business of the corporation shall be in the city of Mil. nese: waukee.

SECTION 5. The board of directors in conducting May bay and the business of said corporation shall have power to etc.

sell property, buy and sell property, real and personal, for the use of the corporation, to borrow money on the credit of the corporation, or the mortgage or pledge of any of its property, to appoint such officers, agents, laborers and servants as may be found necessary to carry on the business of the corporation, and to adopt rules and bylaws for the government of the corporation.

SECTION 6. The corporators named in the first sec- First board o tion of this act sball be the first board of directors of the corporation, and shall hold their offices for the term of one year from the passage of this act and until their successors shall be elected.

SECTION 7. This act shall be in force from and

Place of busi

directors.

after its passage.

Approved February 22, 1868.

CHAPTER 112.

AN ACT to repeal section two, chapter 99, of the private and

local laws of 1867, entitled "an act to amend an act, entitled an act to incorporate the Swedes iron company, approved March 30th, 1854.”

The people of the state of Wisconsin, represented in

senate and assembly, do enact as follows:

Repealed.

SECTION 1. Section 2 of chapter 99, of private and local laws of 1867, entitled "an act to amend an act entitled an act to incorporate the Swedes iron company, approved March 30th, 1854," approved March 9th, 1867, is hereby repealed.

SECTION 2. This act shall take effect and be in force from and after its passage.

Approved February 22, 1868.

CHAPTER 113.

[Published March 19, 1868.1

AN ACT to authorize the board of supervisors of Pierce county to

lay out and have worked a county road from the city of Prescott to the line between the counties of Dunn and Pierce, and to appropriate thereto the sum of $4000; and to repeal chapter 232 of the private and local laws of 1867, being an act to authorize the county board of Pierce county to levy a special tax for county road purposes.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

and route.

May construct

SECTION 1. The county board of supervisors of the road, its width county of Pierce are hereby authorized and empowered

to lay out, construct and have prepared for travel a road four rods wide, commencing at the city of Prescott and running thence to the village of Ellsworth, and from thence eastwardly on or near the centre line of the towns of Perry, El Paso and Rock Elm to the line between the counties of Dunn and Pierce, terminating on either section 12 or 13 in Pierce county on said line;

by contract.

said line of road not to vary either north or south over one mile from the centre line of the towns of Perry, El Paso and Rock Elm. And they are hereby authorized to assess and pay all such damages as may accrue to any person or persons through whose lands said road may be laid and that may be damaged thereby, but in assessing such damages the benefits, if any, resulting to such lands from such roads shall be also taken into consideration in reduction of all such damages.

SECTION 2. Said county board of supervisors are May let work hereby also autborized to let by contract to the lowest bidder in part or in whole, the opening, clearing and preparation for travel of said road as a public highway Butin no event are they authorized to exceed the sum hereinafter appropriated for the survey and preparation of said road for travel.

SECTION 3. Said county board of supervisors are May approprihereby further authorized to appropriate out of any moneys in the treasury of said county of Pierce unappropriated, the sum of four thousand dollars to be expended in the surveying, opening and preparing for travel the road by this act provided for; but no part of said sum shall be expended in erecting the bridges.

SECTION 4. Chapter 232 of the private and local Repealed. laws of 1867, being an act to authorize the county board of supervisors of Pierce county to levy a special tax for county purposes is hereby repealed. SECTION 5.

This act shall be in force and take effect from and after its passage and publication.

Approved February 22, 1868.

ate money.

CHAPTER 114.

[Published March 18, 1868.]

AN ACT to legalize the lofficial acts of certain officers of the town

of Oak Grove in the county of Pierce.

The people of the state of Wisconsin, represented in

senale and assembly, do enact as follows:

SECTION 1. All the official acts of William F. Ab- Legalized. right, treasurer of the town of Oak Grove in the county

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