1853.

434

US3 streets inMt.Carmel.

Ptnalty for dam-ages*

C pttal stock.

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ty.

Books of accounts

under the provisions of the laws of this state concerning“condemning right of way for purposes of internal im-provement,” approved June 22, 1852, or at their option,by other laws of this state in force relating to “right ofway;” and when the damages are assessed and paid, orrendered according to the provisions of such law, saidland shall be vested in said company.

§ 10. The said company, having first obtained theassent of the corporate authorities of the town of MountCarmel, may use any of the streets, alleys or public groundsof said town in constructing said raceway and basin con-nected therewith, or for any other purpose connected withthe objects of this act, and are further authorized and em-powered to construct their said canal or raceway over andacross any public road or highway, but the corporationshall, by bridges or otherwise, restore such road or high-way in such manner as not to impair its usefulness.

§ 11. If any person shall wilfully, maliciously or wan-tonly damage, break or destroy any part of the said race-way, basin, buildings, machinery, implements or manufac-tured article of the said company, he, she, or they, or anyperson assisting, aiding and abetting, shall forfeit and payto said company, for every such offence, treble the amount ofdamages proved before any competent court to have beensustained, and be sued for in the name and behalf of saidcompany; and such offender or offenders shall be deemedguilty of a misdemeanor, and shall be liable to indictmentin the same manner as other indictments arc found in thesaid county of Wabash, and upon conviction every suchoffender shall be liable to a fine, not exceeding onethousand dollars, or imprisonment in the county jail for aterm not exceeding six months.

§ 12. It shall be lawful for the directors to requirepayment of the sums subscribed to the capital stock, atsuch times, in such proportion, and on such conditions asthey shall deem fit, under the penalty of the forfeiture ofall previous payments thereon, and shall give notice of thepayments thus required, and of the place and time whenand where the same are to be paid, at least thirty daysprevious to the payment of the same, in some newspaperpublished in the town of Mount Carmel.

§ 13. Tire stock of said company shall be deemed per-sonal property, and assignable and transferable on the booksof the corporation, but no stockholder indebted to the cor-poration shall be permitted to make a transfer until suchdebt shall have been paid, or secured to be paid to thesatisfaction of the directors.

§ 14. The company shall at all times keep proper books

of accounts, in which shall be registered all the transactions of the corporation, and the same shall at all times e

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