SEC. 2. The capital stock of said company shall 2 consist at first of twenty five hundred dollars, with 3 power to increase the same to twenty-five thousand 4 dollars when the company shall find it expedient. 5 The stock shall be divided into shares of twenty-five 6 dollars each, and no assessments shall be made on any 7 share beyond that sum. The immediate government 8 and direction of the affairs of said company shall be 9 vested in such a number of directors as may be deter10 mined at the first meeting of the corporation. And 11 said directors shall elect one of their number to be 12 president of the board, who shall also be president of 13 the corporation. And they shall also appoint the 14 clerk of their board and of the company, and also 15 treasurer, and any other officer, agent or agents they 16 may find necessary for the convenient management 17 of the concerns of the company. SEC. 3. A toll is hereby granted and established for 2 the sole benefit of said corporation, upon all boats and 3 vessels or other craft of ten tons and upwards, which 4 may enter said river after the new entrance shall be 5 opened for navigation. And said And said company may im 6 pose and collect a reasonable wharfage upon all such 7 vessels as may improve, use or occupy their wharves 8 or places of landing. SEC. 4. The corporation hereby established shall 2 have the exclusive right of steam navigation on said 3 river for the term of thirty years, from the time the 4 same shall be made navigable, as herein provided for. 5 But this corporation shall not be subject to any of the 6 provisions, liabilities, fines or penalties contained in 7 an act relating to steam navigation corporations 8 passed March 31, 1845; nor shall the stockholders in 9 the corporation hereby established, be liable in any 10 manner whatever, to an amount beyond the amount 11 of stock owned by each individual, for the debts of 12 the corporation. SEC. 5. An act passed March 8, 1826, authorising 2 a canal for the improvement of Mousam river, is 3 hereby repealed. SEC. 6. This act shall take effect and go into oper2 ation from and after its approval by the Governor. STATE OF MAINE. HOUSE OF REPRESENTATIVES, Ordered, That 350 copies of the foregoing Bill, reported from the Committee on Interior Waters, be printed for the use of the Legislature. SAMUEL BELCHER, Clerk. TWENTY-SIXTH LEGISLATURE. No. 23. STATE OF MAINE. SENATE. IN THE YEAR OF OUR LORD ONE THOUSAND EIGHT HUNDRED AND FORTY-SIX. AN ACT to incorporate the Saint Croix River Canal Company. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: SECTION 1. George Downes, Nehemiah Marks, 2 Anson G. Chandler, William Porter, Seth Emerson, 3 George M. Porter, William P. Trott, Noah Smith, jr., 4 Levi L. Lowell, Ferdinand Tinker, Japheth H. Mc5 Allister, William Todd, jr., Abner Hill, Daniel Hill, 6 Gilman D. King, Miriam Lindsay, David Upton, Wil7 liam Eaton, William Pike, Frederick A. Pike, John 8 Stickney, Abner Sawyer, Ephraim C. Gates, Elijah 9 D. Green, Wm. H. C. Stevens, Francis Swan, Jere10 miah Bradbury, James S. Pike, Edward Clough, An11 sel Dailey, Columbus Bacon, Rendol Whidden, their Wm. T. Johnson, Printer to the State. 12 associates, successors and assigns, are hereby de13 clared to be a body politic and corporate, by the 14 name of the Saint Croix River Canal Company, 15 with all the rights, liabilities, powers and privileges 16 incident to corporations by the common law and 17 by the seventy-sixth chapter of the laws of Maine, 18 for the purpose of opening and perfecting a water 19 communication by means of a canal and other im20 provements, from such points on the head waters or 21 streams of said river, and also of the western branch 22 thereof, as said company may deem advisable, and 23 thence down along said river and the western branch 24 thereof, and their lakes, to the tide way at the lower 25 bridge across the same. SEC. 2. Said company shall have the right, privi2 lege and power to improve said river, western branch, 3 streams and lakes, within the points named, by flow4 age and by removing obstructions, by making exca5 vations and embankments thereon, and to make, 6 excavate, build, construct and erect a canal and sec7 tions of slackwater therein and upon their borders, 8 and for this purpose may make all necessary excava9 tions, embankments, locks, gates, dams, pathways, 10 booms, piers, inclined planes, wharves, sluices, and 11 all other things which they may deem necessary and 12 expedient for the convenient attainment of their ob13 ject for drifting or floating thereon logs, timber or 14 other lumber, and for passing up and down, merchan15 dise and other things, with greater facility than can 16 now be done, and for making the same boatable,17 and may and shall, for all said purposes, control said 18 river and canal and all their works, in such way and 19 manner as said company shall deem proper; and said 20 company may diverge with said canal, from said river, 21 western branch, lakes and streams, and again connect 22 it with the same at such places as they may deem 23 expedient. SEC. 3. The capital stock of said company shall 2 consist of two hundred thousand dollars and be divid3 ed into such number of shares of such amount as 4 said company shall direct. Ten per cent of said 5 capital stock shall be paid in within three years from 6 the passage of this act, and the residue at such times 7 and in such sums as said company shall from time to 8 time direct. In the management of the affairs of said 9 company, every stockholder shall have as many votes 10 as he may possess shares. SEC. 4. The company shall, in addition to the pro2 visions herein made for the collection of toll, have a 3 lien therefor, on all boats, lumber, or other things |