election and

powers.

Officers-their president, vice president, recording secretary, financial secretary, corresponding secretary, treasurer and warden of said corporation, who shall be elected semi-annually to their respective offices; and said board of officers shall have power to establish rules for the government of said corporation, not inconsistent with the provisions of this act, and to alter or amend the same as the interests of the corporation may demand.

Business of corporation.

SECTION 3. Said corporation shall have power in its corporate name, to contract and be contracted with, and to sue and to be sued in all courts of law and equity in this state.

SECTION 4. Said corporation shall have full right to carry on the foundry and iron manufacturing business, and to extend pecuniary aid to its members in case of sickness or inability to work.

SECTION 5. The property and funds of said corporation shall be devoted solely to the general purposes and objects specified in the first section of this act.

SECTION 6. This act shall take effect and be in force from and after its passage and publication. Approved March 5, 1868.

Corporators.

CHAPTER 313.

AN ACT to incorporate the Teutonic Gesang Verein," of Mil

waukee.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SECTION 1. John Fellenz, John Loehemes, Eberhard Druecke, Gottfried Stamm, C. T. Stamm, Wm. Loeher, Charles Kapus, George Traumer, Hubert Schlemmer, and such persons as may hereafter become associated with them, are hereby constituted a body politic and corporate, located in the city of Milwaukee, and known under the name "Teutonic Gesang Verein,' Name and pur- for the purpose of giving active support to its members in the cultivation of music, vocal and instrumental, of affording encouragement to literary [and] scientific im

pose.

provements, for the advancement of art, and for aiding said society in obtaining funds to maintain and perpetuate said society.

SECTION 2. The said society shall have power to Powers. contract and to be contracted with, to sue and to be sued, to plead and to be impleaded, to answer and to be answered unto, to defend and to be defended, in all courts of law and equity in the state, and shall have perpetual succession, and be vested with all powers and privileges necessary to carry out and fulfill the object of their corporation.

their election.

SECTION 3. This corporation shall have further Further powers power to establish for its government a constitution and by-laws, not inconsistent with the constitution and bylaws of this state, to have and use a common seal, and to alter the same at pleasure, and to take by gift, grant or devise, and hold and convey, real and personal property, not exceeding in value fifteen thousand dollars. SECTION 4. The members of this association shall Officers, and have power to assemble at such time and place as may be agreed upon. The control and disposal of the funds, property and estate, and the direction and management of all the concerns of said corporation, under such directions and restrictions as may be imposed by the rules and regulations thereof, shall be vested in a board of trustees, to consist of a president, vice-president, treasurer. secretary and executive committee of three, who shall be elected annually to their respective offices by such members of the corporation as shall, by the rules and regulations thereof, be entitled to vote at such election.

and term of

SECTION 5. It shall be lawful for said association to other officerselect such other officers as the condition and circum- their election stances of the corporation may require, and to pre- office. scribe their powers and duties, and may require bonds for the faithful performance thereof in such penal sum and with such sureties as they may choose, and also to prescribe their term of office; provided, however, that the said trustees shall hold their office for one year, and until others are elected and qualified.

SECTION 6. The property, real and personal, of said Property-how corporation shall be devoted solely to the purposes and devoted. objects of said association, and all real and personal estate which may hereafter be lawfully conveyed by devise, gift, grant, purchase or otherwise to said associa

44 P. & L. Laws.

690

Exempt.

tion, shall descend with improvements in perpetual suc cession, and be held by said trustees and their successors in office in trust for said corporation.

SECTION 7. All personal property of this association shall be exempt from taxation.

SECTION 8. This act shall take effect and be in force from and after its passage. Approved March 5, 1868.

Amended.

Corporators.

Rights and powers.

CHAPTER 314.

AN ACT to amend chapter 13 of the private and local laws of 1867, entitled "an act to amend chapter 90 of the private and local laws of 1866, entitled 'an act to amend chapter 443 private and local laws of 1865, entitled 'an act to incorporate the Milwaukee printing company.'

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SECTION 1. The charter of the Milwaukee printing company, approved April 10, 1865, amended March 9,1866, and again amended Febuary 7, 1867, is hereby further amended soas to read as follows; Erastus B. Wolcott, Winchel D. Bacon, Sherman M. Booth, Samuel C. West and Fitch J. Bosworth, and such other persons as may hereafter be associated with them by becoming stockholders as provided in this act, are hereby made, constituted and declared to be a body politic and corporate by the name of the "Milwaukee printing company," and by that name shall have perpetual succession, may contract and be contracted with, sue and be sued, plead and be impleaded in all courts of law or equity, may have and use a common seal and the same may alter and renew at pleasure, may purchase, hold, lease, sell and convey real estate when necessary or convenient for the general purposes of such corporation, and may have and exercise generally all such corporate powers as shall be convenient for carrying out the purposes of its creation; and, in particular, the object, business and purpose of said corporation shall be to print and publish one or more newspapers at Milwaukee, in this state,

and to do a general book, newspaper and job printing business, including book binding, blank book manufacturing, ruling, every species of engraving, stereotyping and other printing, and they may employ all usual and proper means for that purpose.

SECTION 2. The capital stock of said corporation Capital stock. shall be limited to one hundred and twenty-five thousand dollars at first, but that amount may be increased to any sum not exceeding five hundred thousand dollars, by resolution adopted by the board of directors at . a meeting when the members of the board shall all be present, or shall all have had notice that such resolution would be acted on at that meeting; and the stock shall be divided and issued in shares of fifty or one hundred dollars each as the board of directors shall determine. No shareholder shall be liable for any debts of said corporation except as he shall be required to pay in the amount of his stock subscription.

tors.

books of sub

SECTION 3. The business of said corporation shall Board of direcbe conducted by and under the direction of a board of five directors who shall be stockholders. The corprators named in section one of this act shall constitute the board of directors till directors shall be elected by stockholders. It shall be the duty of said corporators May open to open books of subscription to the capital stock of scription. said company, to superintend the same as a board, or by a committee, and accept or reject such subscriptions as shall be offered, and they or the board of directors shall determine when and in what installments the subscriptions shall be paid in. So soon as convenient after fifty thousand dollars of the stock shall have been subscribed, it shall be the duty of the board to call a meeting of the stockholders to elect directors. Three directors shall constitute a quorum for the transaction of business. There shall be an annual election of Annual elecdirectors by the stockholders on such day as shall be fixed by the board, each share of stock entitling the holder thereof to one vote; but the corporation shall not be dissolved by a failure to elect either directors or officers on the day fixed, but the existing board and all officers shall hold over until their successors shall have been elected and qualified. The board of directors shall adopt such by-laws as shall be deemed by them necessary or convenient, and which shall not be

tion.

Officers.

How stock transferable.

in conflict with the constitution or laws of this state or of the United States.

SECTION 4. The officers of the company shall be, a president, secretary, treasurer and manager, to be elected by the board, any two or more of which offices may be filled by the same person. There may be also such other agents or employees as the board shall determine.

SECTION 5. The capital stock shall be transferable only on the books of the company in accordance with such regulations as may be prescribed by the by-laws. SECTION 6. This act shall take effect from and after its passage, and shall be liberally construed to affect the objects thereof.

Approved March 5, 1868.

Amended.

CHAPTER 315.

[Published March 16, 1868.]

AN ACT to amend section 10 of subdivision III of chapter one bundred and eleven of the private and local laws of 1867, entitled "an act to reduce the law incorporating the city of Hudson, in the county of St. Croix and state of Wisconsin, and the several acts amendatory thereto, into one act and to amend the same, approved March 18, 1867.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

ap

SECTION 1. Section 10 of snbdivision III of chapter one hundred and eleven of the private and local laws of 1867, entitled "an act to reduce the law incorporating the city of Hudson, in the county of St. Croix and state of Wisconsin, and the several acts amendatory thereto, into one act and to amend the same,' proved March 18, 1867, is hereby amended by inserting in the sixth line of said section ten after the word "cases" and before the word "within" the word "arising," so that said section when amended will read as follows: "Section 10. The police justice shall possess urisdiction of all the authority, powers and rights of a justice of the peace of the county of St. Croix under the laws of the

Powers and

police justice.