and convert it into cash, so soon as the same can be disposed of advantageously for the Company, and that the proceeds arising therefrom shall accrue to the benefit of the Company in the construction and management of their road.

SEC. 59. Be it enacted, That the lands authorized to be subscribed as hereby delared, shall be conveyed to the Company by the subscriber, by good and sufficient deeds in fee, free from all incumbrances, and with relinquishment of dower, when necessary, before any stock shall be issued for the same, and the stocks and bonds of other dividend paying railroads shall be duly assigned by the legal holder thereof to the Company, before any stock shall issue thereon, and all certificates of stock shall be endorsed with amount paid on the certificate, and the time of pay

ment.

SEC. 60. Be it enacted, That after said Company shall be organized, they may cause one or more routes for the main road, and the branches to be surveyed and estimated, preparatory to a final location and letting of the work; but before proceeding to let the work in whole or in part, the President and Directors shall call a meeting of the stockholders and lay before them in a report, the cost of the road as far as estimated, together with the amount of subscription obtained, and the right of way obtained, and the expense incurred, and the probable cost of completing the road, and equipping the same, with its probable business and dividends, when completed, together with the prospects of obtaining suflicient stock or means to equip, and complete the road; and a majority of the stockholders, in value, may thereupon, at such meeting, by resolution, which shall be entered on the journals of the Company, together with the vote thereon, have the right to order the expenses to be paid, the subscriptions cancelled, the real estate subscribed in stock to be re-conveyed to the subscribers, and after which, and after the business of the Company shall have been settled up, the Company shall be dissolved, but they shall have no right to dissolve such corporation before the expiration of one year from the time the books shall be opened for subscriptions, nor after one half million of dollars shall be subscribed or donated to the capital stock in lands or money, nor if the minority will guarantee such additional subscription or donations as will make the same one-half million of dollars.

SEC. 61. Be it enacted, That it may be discretionary with a majority of the Directors, at what point or points in said line they may commence first, the work of grading said road, and the erection of superstructures for it, or the

laying of the iron, but they shall fully consult and be governed by the interests of the road, and a majority of the stockholders in it.

SEC. 62. Be it enacted, That the monies subscribed by the citizens of Tennessee, whether by the State, counties, corporations or individuals, shall first be applied to the construction of the road within the limits of the State of Tennessee, and the money subscribed by the citizens of Kentucky, whether by the State, counties, corporations or individuals shall first be applied to the construction of the road within the limits of the State of Kentucky; and that the monies, or monies arising from gifts or donations, may be expended along any part of said line, as shall be decided by a majority of the Directors.

SEC. 63. Be it enacted, That it shall be lawful, after the first general election of Directors, as herein provided for, for the Board, by a unanimous vote, to increase the number of Directors to the number of fifteen, and said fifteen Directors may select the President from their own body, if they shall so prefer to do; and in the event they shall determine in all future general and annual elections of Directors, to increase the number to fifteen, then, and in that case nine of the fifteen Directors shall be residents of the State of Tennessee, three shall be residents of the State of Kentucky, and three may be residents of any other State or States. This section shall not apply to the Directors named in the first section of this act, nor to the first general election of President and Directors.

SEC. 64. Be it enacted, That said Company shall have the right to take, at the stations and storehouses they may establish and annex so their railroad, all goods, wares, merchandise, and produce intended for transportation or that shall have been transported and not removed by the owner, prescribe the rules of priority, and charge and receive such just and reasonable compensation for storage, as they, by rules may establish, (which they shall cause to be published,) or as may be fixed by agreement with the owner, which may be distinct from the rates of transportation: Provided, That the said Company shall not charge or receive storage on goods, wares, merchandise or produce which may be delivered to them at their regular depositories for immediate transportation, and which the Company may have the power to transport immediately.

SEC. 65. Be it enacted, That inasmuch as the railroad contemplated by this charter lies part in the State of Tennessee, and part in the State of Kentucky, and the object of this corporation being to make a through line of the same gauge between the terinini, to avoid

all transhipments and commissions, and thereby expedite and cheapen transportation, to be managed by one Company, it is hereby declared by this act, so far as it proposes to incorporate said Company with powers to construct said railroad and branches through said State of Kentucky, is only intended to operate after it shall have received the concurrence, and been ratified and confirmed by the Legislature of Kentucky; and should said State decline to ratify and confirm the same, so far as relates to the powers to construct and maintain that part of the road which lies in Kentucky, it shall be null and void to that extent; but it is hereby declared that this act shall be valid so far as relates to the State of Tennessee, from and after its passage, and shall take effect from and after its passage.

SEC. 66. Be it enacted, That nothing in this act shall be construed as giving any State aid to this or any other rail road company; and nothing in this act shall be construed as extending to any other rail road company further time than now allowed for its completion in the whole or in part.

DANIEL S. DONELSON,

Speaker of the House of Representatives. JOIN C. BURCH,

Passed January 29, 1858.

Speaker of the Senate.

Bernard Bowling

and John J. fiamilton

CHAPTER 43.

AN ACT to change the name of Hanner High School, in Warren county, and for other purposes.

SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That an act passed the 28th of February, 1854; entitled, An act to incorporate the Hanner High School, in Warren county, be, and the same is so amended as to change the name of said from the name of "The Hanner High School," to the Hanner Highland College; by which latter name the said school be entitled to all the rights, privileges, and immunities, conferred by said act of incorporation, and subject to all the liabilities and restrictions therein imposed.

SEC. 2. Be it further enacted, That the name of Bernard Seidenstrickor, of the county of Shelby, in the State of Tennessee, be changed to Bernard Bowling. Be it

further enacted, That the name of John J. Ham, of the county of Davidson, be changed to John J. Hamilton. SEC. 2. Be it further enacted, That this act take effect from and after its passage.

DANIEL S. DONELSON,

Speaker of the House of Representatives. JOIN C. BURCHI,

Passed January 30, 1858.

CHAPTER 44.

Speaker of the Senate.

AN ACT to release the State from certain liabilities, and for the benefit of the Central Southern Railroad Company.

SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That whenever the Central Southern Railroad Company shall have graded, bridged and prepared their road, as required by the Internal Improvement acts of this State, to the extent of two-thirds of the whole labor required to so grade, bridge, and prepare their road from their junction with the Tennessee and Alabama Railroad, near Columbia, to their Depot in the town of Pulaski, Giles county, and it shall so appear from the report of the Commissioner of Roads, and further, appear that they have secured the means for completing the remaining local work of their whole road, then the Governor of the State shall issue to said Company the bonds of the State as loaned to said Company, at the rate of nine thousand dollars a mile for said distance from their junction, with the Tennessee and Alabama Railroad to the depot, in the Town of Pulaski, and no more: Provided, however, that the Governor of this State shall not issue bonds unless said Company, by the official action of its Board, shall notify the Governor of this State, on or before the first day of March next, that they accept the provisions of this section, and they forever acquit, release, and abandon all right, and claim which they may have by existing laws to demand aid to the extent of ten thousand dollars per mile from the State for said portion of their road.

DANIEL S. DONELSON,

Speaker of the House of Representatives. JOHN C. BURCH,

Passed February 1, 1858.

Speaker of the Senate.

CHAPTER 45.

'AN ACT for the benefit of Nourse Seminary.

SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That the principal and Trustees of Nourse Seminary, with the advice and consent of a majority of said board, shall have full power, and authority, at any session of the Board, to confer on any student of said Seminary, or any other person, who may hereafter pass through the prescribed course, and stand a satisfactory examination thereon, the degree of Bachelor, or Master of Arts, or any other degree known and used in College, or Seminary in the United States; and that the President, with the consent of a majority of the Board, shall have power to appoint such Assistants, Professors, or Tutors, as may be deemed necessary, and that he, with the consent of the latter, may make such rules, by-laws, and regulations for the government of the Seminary, and the promotion of education, as in their opinion may be proper, provided such by-laws and regulations may not be contrary to the laws of the State, or the Constitution of the United States.

DANIEL S. DONELSON,

Speaker of the House of Representatives. JOHN C. BURCH,

Passed February 2, 1858.

Speaker of the Senate.

CHAPTER 46.

AN ACT to incorporate the "Bois DeArc Seminary," at Elm Springs, in Robertson county, and Mount Pleasant Female Academy.

SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That John Hutchinson, Samuel Gilbert, John C. Brener, W. C. Richmond, John L. Yates, R. C. Patterson and John M. Copeland, be, and they are hereby constituted a body politic and corporate, by the name and style of the "Trustees of the Bois DeArc Seminary," located at Elm Springs, in the county of Robertson; the said Trustees shall have perpetual succession, and shall have power to fill vacancies which may occur by death or otherwise.