1847 Vol. 1 -- Page: 175
Sequential Number: 137
Full Title: AN ACT to revive and amend the
act entitled an act to incorporate the Milledgeville Railroad Company,
assented to 26th December, 1837.
SECTION 1. Be it enacted by the General
Assembly of the State of Georgia, That the act, the title of which is recited
in the foregoing title, be and the same is hereby revived, and such revived
act continue in full force for and during the term of thirty years.
SEC. 2. And be it further enacted, That
whereas many of the persons incorporated by the act of eighteen hundred
and thirty-seven aforesaid, have died, and others of them have removed
from the county of Baldwin, that the following persons, or any two of them,
and such others as they may associate with themselves hereafter, shall
constitute and form the Milledgeville Railroad Company, to wit: Tomlinson
Fort, Miller Grieve, Uriah Horne, Isaac Newell, Augustus H. Kenan, Benjamin
T. Bethune, W. S. Rockwell, M. J. Kenan, James Herty, George L. Deming,
E. Daggett, R. H. Ramsay, W. A. Jarratt, Benjamin S. Jordan, Green H. Jordan,
Seaton Grantland, Samuel T. Beecher, John Treanor, Robert McComb, Samuel
Buffington, Jr., James Dickson, Allen Little, William A. Mott, R. M. Orme,
Farish Carter, John G. Park, F. H. Sanford, and Nathan Hawkins, with
all the rights and privileges conferred by the act which this revives and
amends.
SEC. 3. And be it further enacted, &c.,
That the private property of each stockholder, equal to the amount of his
stock, shall be liable for the debts of the incorporation; and in the event
of the neglect or refusal of the incorporation to pay any debt owing by
the same, the creditor or creditors thereof may sue the Company in their
corporate name, and upon obtaining execution against the Company, it shall
first be levied upon the corporate property of said Company, to wit, the
road or any portion thereof, the cars, &c. &c., which shall be
first liable; and upon the return of the proper officer or officers of
"no corporate property to be found," said execution may them be levied
upon an amount of the private property of any stockholder of the Company
equal to the amount of his stock, and if that be not sufficient to satisfy
the said execution, then it may be levied upon the private property of
any other stockholder equal to his stock, and so on until the execution
is fully satisfied; and in all cases the levying officer shall be the judge
of the amount of private property necessary to satisfy the fi. fa.
SEC. 4. And be it further enacted, &c.
That it shall be the duty of said Company to publish semi-annually, in
some public gazette of this State, a full statement of the names of the
stockholders of said Company and the amount of stock owned by
of the stock so owned by each stockholder,
transferred twelve months prior to the obtainment of judgment against the
Company, shall not discharge his private property, but it shall still be
bound under the provisions and in the manner pointed out in the foregoing
section.
SEC. 5. And be it further enacted, &c.,
That in case any stockholder or stockholders shall be compelled, under
the foregoing section, to pay off the execution or executions obtained
against the Company, it shall be kept open for his or their benefit, and
may be levied by him or them upon the private property of any or all the
other stockholders in proportion to their respective shares of stock.
SEC. 6. And be it further enacted, That
all laws and parts of laws, in conflict with this act, be and the same
are hereby repealed.
CHARLES J. JENKINS,
Speaker of the House of Representatives.
ANDREW J. MILLER,
President of the Senate.
GEORGE W. TOWNS, Governor.
Approval Date: Approved, December 22, 1847.
Eileen Babb McAdams copyright 2004