E. LOUIS LOWE, ESQUIRE, GOVERNOR.
243
in the circuit court of the county wherein said offences
shall be committed, and shall also be subject to indictment
in said court, and upon conviction of such offence
shall be punished by fine and imprisonment in the discretion
of the court.
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SEC. 19. And be it enacted,
That if the said road
shall not be commenced within six years from the passage
of this act, and shall not be finished in four years
from the time of the commencement thereof, then this
act shall be null and void.
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When to be
commenced
and finished.
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SEC. 20. And be it enacted,
That nothing in this
act shall be construed as to authorise the said corporation
to issue any note, scrip, device or other evidence of
debt, to be used as a currency, and the Legislature hereby
reserves the right to alter or amend or repeal this
charter at its pleasure.
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Banking forbid.
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SEC. 21. And be
it enacted, That the president and
directors of said company shall have power to issue
bonds or certificates of indebtedness, under the seal of
said company in such sum or sums, not less than one
hundred dollars, as said company may prefer, and to
sell and dispose of the same upon such terms as to said
company may seem proper, and pledge the property
and profits of said company to secure the payment
thereof; and also with power to convert the bonds so
issued into capital stock of said company, upon such
terms as may be agreed upon between the holder or
holders of said bonds and said president and directors.
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Power to issue
bonds.
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SEC. 22. And be it enacted,
That the president and
directors of said company shall have full power and authority
to connect the rail road, which may be constructed
under the provisions of this act, with any other rail
road now existing or which may hereafter be constructed,
and also to make such contracts and arrangements
with the president and directors of such rail road for the
through transportation of passengers and merchandise,
and all property of what kind so ever, in the cars or
carriages of either company, as may appear to said president
and directors convenient and advantageous.
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Power to connect
with any
other road.
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