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24 and 25, 23 and 26, 22 and 27, and 21 and 28 in said town of Center, is hereby declared to be a legal highway, and the section lines above specified to be the center line thereof, and said highway to be four rods in widtb.

Approved February 13, 1868.

CHAPTER 47.

[Published March 18, 1868.]

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

Pierce to transfer to the general fund the moneys collected for a jail tas, assessed in 1867.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follow : SECTION 1. The board of supervisors of the county Max transfer of Pierce and state of Wisconsin, is hereby authorized eral fúnd. and empowered to transfer to the general 'fund of said county, all moneys collected from a special tax, assessed in 1867 for county jail purposes, and said moneyş when so transferred shall constitute in part the general fund of said county, to be used for general purposes the same as if assessed and collected therefor.

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

Approved February 13, 1868.

CHAPTER 48.

AN ACT to authorize the superintendent of public instruction to

apportion school moneys to the town of Vernon, Waukesha county.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

Shall apportion school money

SECTION 1. The state superintendent of public into Vernon. struction is hereby authorized and directed to apportion

to the town of Vernon in the county of Waukesha, for the year 1868, such an amount of the income of the school fund as said town would have been entitled to if district number three thereof had maintained a school by a qualified teacher, for five months during the year

ending August 31st, 1867. Clerk shall ap

SECTION 2. The town clerk of the said town of portion to district No. 3. Vernon in apportioning school moneys to the several

districts of said town for the year 1868, shall apportion to district number three the full amount which the number of children over four and under twenty years of age, as returned in the report of the district clerk for the year ending August 31st, 1867, would have drawn if said district had maintained a school by a qualified teacher, five months during said year, as required by law.

SECTION 3. This act shall be in force from and after its passage and publication.

Approved February 13, 1868.

CHAPTER 49.

[Published March 18, 1868.]

AN ACT to legalize certain proceedings of the town meeting in

the town of Cadiz, in the county of Green.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

Legalized,

SECTION 1. The proceedings of the annual town meeting held in the town of Cadiz, in the county of

Green, on the second day of April, 1867, whereby the electors of said town voted that said town asssume the payment of certain sums of money due and unpaid to persons

who enlisted into the service of the United States, and were credited to said town under the last call of the president for three hundred thousand men, are hereby legalized and made as valid and binding as though said proceedings had been authorized by law.

SECTION 2. The town clerk of said town is hereby Taftonbe apa authorized to apportion and insert in the next annual Collected. tax list of said town, in a separate column, said sums of money, in the same manner as other town taxes are apportioned and inserted therein; and the town treas. urer of said town is hereby authorized to collect said sums, eben so inserted, in the same manner as other

town taxes.

SECTION 3. Said treasurer shall pay said money Money-to when collected to the supervisors of said town, and whom paid. said supervisors on receipt of the same, shall pay

it to the persons to whom the same is due.

SECTION 4. This act shall take effect and be in force from and after its passage.

Approved February 13, 1868.

CHAPTER 50.

AN ACT to amend chapter 87, private and local laws of 1867, en. titled an act to incorporate the Burlington peat company, approved March 7, 1867.

The people of the state of Wisconsin, represented in serate

and assembly, do enact as follows:

SECTION 1. Chapter 87 of the private and local Amended. laws of 1867, entitled an act to incorporate the Burlington peat company, is amended so as to read as follows: Section 1. That R. C. Tate, J. S. Crane, J. H. Cooper. F. H. Trowbridge, F. J. Thompson, F. H. Nims, J. M. Trowbridge, H. T. Sharp, H. D. Knight and W. H. Rice, and such other persons as may be bereafter associated with them in the manner provided by this act, are hereby made, constituted and declared to be a body corporate and politic, by the name and

Board of direc. tors, how elect. ed,

style of the "Burlington peat company.” Said corpo. ration shall have a common seal and may alter the same at pleasure, and shall have and enjoy all the rights, privileges and franchises incident to corporations, and may do all acts and things proper and con

vinient for the transaction of its business. Capital stock. SECTION 2. The capital stock of said corporation

shall be one hundred thousand dollars, but may be increased by a vote of a majority of the stockholders to any amount not exceeding five hundred thousand dollars. The stock shall be divided into shares of one hundred dollars each, shall be deemed personal property, and shall be transferable only on the books of the corporation in such manner as the by-laws may provide.

SECTION 3. The stock, property and affairs of said corporation shall be managed and conducted by a board of not less than three, or more than nine dircc. tors, who shall be stockholders, and who shall be elected annually by the stockholders, at such time as shall be provided by the by-laws, which shall also pro. vide what number shall constitute a quorum for doing business. Such election shall be by ballot, and the holder of each sbare of stock shall be entitled to one vote for each share of stock by him held, which may be given in person or by proxy duly authorized. The same rule shall prevail on all qnestions submitted to a vote of the stockholders, and a majority of the votes cast shall govern. When any vacancy shall happen in the board of directors, the same may be filled by the stockholders at a special meeting called in accordance with the by-laws.

SECTION 4. If for any cause the election of directors shall not be held at the time appointed by the bylaws, the same may be held at any time thereafter upon such notice and in such manner as directed by the by laws, and the directors of the preceding year shall i. all cases continue to act until the election of their suc.

cessors in office. How meetings SECTION 5. Any three of the incorporators named may be called. in this act, may call a meeting of the incorporators, by

giving three days' notice thereof in writing to each of the others, and at such meeting the incorporators present, or a majority of them, may select such number of persons as they may see fit, not less than three nor more than nine, and the persons so selected shall

Vacancies how filled.

Powers and du.

be the first board of directors of said corporation, and shall hold their offices until the annual election to be fixed by the by-laws.

SECTION 6. The first meeting of the board of direc- First meeting tors shall take place on the day of their election, and of board. at the place thereof, and a majority of those present at such meeting shall constitute a quorum for doing business. They shall elect one of their number president, another secretary and another treasurer.

SECTION 7. The board of directors shall have power to make, ordain and establish such by-laws, ties of directors rules and regulations respecting the management of the property, business affairs and stock of the corporation, as they may deem expedient and proper, not inconsistent with the constitution and laws of this state or of the United States. They may appoint an executive committee and such other officers and agents in this state and elsewhere, as they may deem expedient, and fix their compensation. They shall prescribe the duties of all officers, and may remove them from office at pleasure, and select others. They shall full power to grant, bargain, sell, lease, mortgage and dispose of the property, real and personal, and all the rights and franchises of said corporation under and by virtue of this or any other act of the legislature of the state of Wisconsin, when so authorized by a two-third vote of the stockholders, and the purchaser or purchasers of said property, rights and franchises of said corporation, shall possess and enjoy the same rights and privileges that the corporators and original stockholders enjoped or might enjoy under and by virtue of this and such other acts of the legislature as may be passed relating bereto.

SECTION 8. Books of subscription to the capital When and how stock of said corporatiou shall be opened by the direc. bpekecehall be tors aforesaid, at such time and in such manner as they may direct, and they shall have power to prescribe the time and instalments in which such subscriptions shall be paid, and to forfeit to the use of the corporation the share or shares of any person failing to pay instal. mepts on bis subscription, on thirty days' notice to him or his legal representatives, that the same has been called in and is due. They shall make a full report shall make an of the business and affairs of the corporation at every report. annual meeting, and may be required to do so at any

dual or specia

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