May borrow money and se the successful prosecution of said business, and may erect and maintain any mills, manufactories and machinery, to be propelled by steam or other motive power, and may hold, use and convey the same in exchange for any property, real or personal, which property thus obtained may be held for the benefit and use of the corporation, and be sold and conveyed as the by-laws shall direct. Said company may also incur cure the same. such debts and borrow of any person or persons, body corporate or politic, any such sum or sums of money as may be deemed necessary in the prosecution of said business, at any rate of interest that may be agreed upon between the parties, not exceeding twelve per cent., and to secure the payment thereof may execute and deliver all necessary writings, notes, bonds, and mortgages, or other obligation, or convey in trust the property and franchises of said company. And the said corporation is hereby prohibited from pleading or availing itself of the statute of usury on any note, bond or other obligation which it may execute to secure the payment of any loan or indebtedness by it made or incurred. Not to plead usury. Capital stock. Board of directors. Their powers. SECTION 3. The capital stock of said corporation. shall be one hundred thousand dollars, divided into shares of one hundred dollars each, and may at any time be increased to an amount not exceeding two hundred thousand dollars, said stock shall be deemed personal property and shall be evidenced by such certificates and transferable in such manner as the board of directors may direct. SECTION 4. The stock, property and business affairs of said company shall be controlled, managed and conducted by a board of directors, consisting of five stockholders in said company, who after the first election shall be elected annually at such time and place as shall be provided by the by-laws, and shall hold their office until their successors shall be elected. At all elections and in all cases where stockholders are allowed to vote, each stockholder shall be entitled to cast one vote either in person or by proxy for each share of stock by him owned. A majority of the votes cast shall govern. SECTION 5. The board of directors shall have power to make and establish by-laws, rules and regulations for the management and affairs of said company and the exercise of the powers conferred upon them, and where meet and SECTION 6. The corporators named in the first sec- First boardtion of this act, shall constitute the first board of di- how proceed. rectors, and shall act as such until their successors are elected by the stockholders. They may meet at such time and place as shall be mutually agreed upon, and proceed to [the] organization of said company and receive subscriptions to the capital stock thereof, and they shall have and possess all the powers conferred by this act upon the board of directors elected or to be elected by the stockholders as provided herein, and shall also have the power to fill all vacancies that may occur in the board by resignation or otherwise. SECTION 7. The chief place of business of the com- Place of busipany shall be at the city of Watertown, in the state of ness. Wisconsin, but said company may transact business at such other place or places as may be deemed advisable by a majority of the stockholders. No irregularity in or neglect to hold any election provided for by this act shall impair or work a forfeiture of this charter, or dissolve the company hereby incorporated. SECTION 8. This act shall take effect and be in force from and after its passage. Approved March 5, 1868. Amended. CHAPTER 321. AN ACT to amend section two of chapter sixty of the private and local laws of the year 1866, entitled "an act to extend the time for the expiration of the charter of the Milwaukee and Superior railroad company, as limited by the act of incorporation, approved March 4th 1856, and to amend section eight of said act," approved March 2d, 1866. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. Section two (2) of chapter sixty (60) of the private and local laws of the year 1866, entitled "an act to extend the time for the expiration of the charter of the Milwaukee and Superior Railroad company, as limited by the act of incorporation, approved March 4th, 1856, and to amend section eight (8) of said act," approved March 2d, 1866, is hereby amended by striking out all after the word "railroad," in the tenth (10) line of said section, to the word "to" in the eleventh (11) line of the same, as printed in the said session laws of the year 1866, and insert in lieu thereof the words "Saukville, in the county of Ozaukee. SECTION 2. This act shall take effect and be in force from and after its passage. Approved March 5, 1868. Corporators. CHAPTER 322. AN ACT to incorporate the "Milwaukee mutual laborers' relief society." The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. Frederick Klatt, Robert Dahde Julius Luthe, William Klein, Louis Breuel, William Paschen, Frederick Yottschalk, Conrad Stein, Frederick Zell, Gottfried Appeli, their associates and successors are hereby constituted and created a body politic and and privileges. Corporate by the name of the "Milwaukee mutual laborers' relief society," for the purpose of granting aid Name,purposes and relief in all destitute conditions of life to its members, their widowes and orphans, and other and similar purposes, and as such shall have all the priviliges, franchises and immunites incident to a corporation; it shall be capable in law of contracting and being contracted with, suing and being sued, defending and being defended in all courts and places, both of law and equity, and shall have perpetual succession, and be vested with all the powers and priviliges necessary to carry out and fulfill the objects of said corporation. SECTION 2. The said society shall have a common Powers. seal which it may alter and change at pleasure, and shall be capable of holding, acquiring, purchasing and conveying such property as may be necessary or proper to carry out or fulfill the objects of sail association. tees. SECTION 3. The affairs of said corporation shall be Board of trusmanaged by a board of trustees, not less than three nor more than nine in number, who shall take charge of all property belonging to said corporation and transact all business relative to the investment and disposal thereof and who shall hold their offices for at least one year and until their successors are qualified. SECTION 4. It shall be lawful for said corporation Other officers. to elect or appoint such other officers as the condi tion and circumstances of the society may require, to prescribe their duties and powers, and to require bond and security for the faithful performance thereof. SECTION 5. The said trustees and all other officers Election of of said corporation shall be elected or appointed in such manner and at such times as the said corporation may from time to time determine, not inconsistent with their charter. officers. constitution SECTION 6. The said corporation shall have further May establish power to establish for its government a constitution and and by-laws. by-laws, not inconsistent with the constitution or laws of this state, or the United States, and make such rules and regulations as may be deemed necessary to carry out and into effect the objects of this society. SECTION 7. This act shall take effect and be in force from and after its passage. Approved March 5, 1868. CHAPTER 323. [Published April 1, 1868.] Amended. Police court its powers and jurisdiction. AN ACT to amend chapter 244 of the private and local laws of 1867, entitled "an act to incorporate the village of Trem pealeau." The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. Section eight of chapter 244 of the private and local laws of 1867, entitled "an act to incorporate the village of Trempealeau," is hereby amended so as to read as follows: "Section 8. There is hereby created and established a municipal court in said village, to be styled "the police court," and at each annual election for officers of said village, there shall be elected a police justice who shall hold his office for one year, and shall before entering on the duties of his office take the same oath of office and execute the same bond, to be approved by the presi dent of said village, as are required of justices of the peace, which bond and oath of office shall be filed in the office of the clerk of the circuit court of Trempealeau county. The person elected police justice of the said village shall hold the police court, and shall have power to administer oaths and affirmations, and to take and certity acknowledgements and proofs of the execution of deeds and other instruments of writ ing relating to real estate, or other matters required by law to be acknowledged or recorded or both. As a judicial officer and court the said police court and justice shall have and possess all the authority, jurisdiction and powers and rights of justices of the peace and justices' courts in civil and criminal actions and proceedings, and shall have concurrent jurisdiction with justices and justices' courts of all civil and criminal actions and cases for the violation of any of the provisions of this act or of any ordinance, by law, rule, regulation or resolution of said village; and the said police justice shall receive the same fees as a justice of the peace receives for his services, but the village shall not be liable for his fees except such as accrue in prosecutions or actions brought in |