Jefferson City Street Railway Company

 

 


Photograph of train crewmen and curious spectators posed beside crushed locomotives near Jefferson, Texas in 1903.

 

CHAPTER XCIX.

AN ACT TO INCORPORATE THE JEFFERSON CITY STREET RAILWAY

COMPANY.

Section 1. Be it enacted by the Legislature of the State of Texas, That C. D. Morris, W. H. Johnson, Charles M. Campbell and Marshall Marsh, of the city of Jefferson, county of Marion, and their associates and successors, are hereby declared a body corporate and politic, under the name and style of the Jefferson City Street Railway Company, by which name they may contract and be contracted with, sue to final judgment and be sued, plead and be impleaded, issue bonds, and borrow money for the* construction, equipment and maintenance of their road; buy and sell real and personal estate, and generally do all acts necessary to early out the objects and designs of said company.

Sec. 2. The legal domicile of said company shall be in the city of Jefferson.

Sec. 3. The object of said company is declared to be to build, equip, own and operate street railways in the streets of the city of Jefferson, and also in such parts of Marion county as may be continuations of said streets, or of said railroads; and this company, under this act, is authorized to build such roads on any street within the corporate limits of the city of Jefferson, as may hereafter be agreed upon by the mayor and aldermen of the city of Jefferson and the said Jefferson City Street Railway company, with the right to use such motive power as may be agreed upon between this company and the said mayor and aldermen of Jefferson.

Sec. 4. The capital stock of this company shall be two hundred thousand dollars, divided into shares of twenty-five dollars each ; said shares shall be transferable on the books of the company, in person or by attorney.

Sec. 5. Subscriptions for shares to the capital stock of this company shall be paid in such sums and at such times as may be agreed upon by the by-laws of said company. When any stockholder shall make default in the payment of the assessment of his stock, it shall be sold by the president of said company, after thirty days' public notice, published in some newspaper in the city of Jefferson, which sale shall be an absolute conveyance in fee simple of such stock to its purchaser, he also paying the remaining installments which may be due.

Sec. 6. This company shall, at their first meeting, make bylaws for their government, not inconsistent with the Constitution and laws of this State or this act of incorporation, and no by-laws shall take effect until approved by a majority of the stockholders.

Sec. 7. That the parties named in the first section of this act, or a majority of them, are hereby declared commissioners, whose duty it shall be, within three years after the passage of this act, to organize said company, as may be determined by a majority of them. The stockholders shall elect a board of not less than five nor more than seven directors, who shall elect from their number a president; and they shall also elect such other officers as the by-laws may require.

Sec. 8. That all contracts made or entered into by and between the mayor and aldermen of the city of Jefferson and the said company, or any privileges or rights granted by the said mayor and aldermen of the city of Jefferson to the said company, shall be in all respects legal and binding on the aforesaid contracting parties

Sec. 10. That all acts, laws or parts of laws, ordinances or declarations conflicting with this act of incorporation be and the same are hereby repealed; provided, that nothing herein contained shall annul or set aside any ordinances or laws of the city of Jefferson.

Sec. 11. That this act shall take effect from and after its passage.

Approved November 29, 1871.

Laws Passed by the ... Legislature of the State of Texas‎ - Page 114

by Texas - 1871

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