1887 hundred dollars each, and shall not exceed one million and one half dollars. SEC. 4. When the sum of fifty thousand dollars shall have Organization. been subscribed to the capital stock of said company, the said incorporators or a majority thereof shall, by publication in some newspaper published in Birmingham, Alabama, and Pensacola, Florida, give ninety days' notice of a meeting of the subscribers to the capital stock of the company, to be held at such place as may be designated by said incorporators in said notice, for the purpose of electing from their own number a Board of five Directors to manage and control the business of said company for one year and until their successors are duly elected and installed, and said board, or any other thereafter elected, shall select from their own number a President, and shall have power to make and adopt by-laws for the government and control of the board and company, and to appoint and employ such officers, agents and servants as they may deem proper. holders. SEC. 5. In the election hereinbefore provided, each subVotes of stock scriber to the capital stock of said company shall be entitled to one vote for each share of stock held by him or her, and may vote by proxy. Right of way. how condemned. Land to be received as subscription to stock. First Board of Commence SEC. 6. In all cases where a right of way or terminal facilities may be necessary, and the company cannot agree with the owner or agent of the land on which it is proposed to enter, the same may be condemned to the use of said road in the manner provided by the law of the State therefor. SEC. 7. The said company shall have power to receive land or other property as part payment to the subscription to the capital stock at such valuation as may be agreed upon by the rules and by-laws of said company. SEC. 8. Until a Board of Directors shall have [been] duly elected and installed, the said incorporators shall have all the power of the Board of Directors to be elected, and may do and perform every act that said board could or might do when legally elected. SEC. 9. No rights and privileges shall vest under this act, unless the construction of said railroad shall be commenced ment and com- within two years from the date hereof and be continued and carried on with reasonable progress. pletion. Rights given by general incorporation law conferred. Rate of fare. SEC. 10. Said company is hereby vested with all the rights, powers and privileges of a corporation under the general laws for the incorporation of railroads in this State. SEC. 11. Said railroad shall not charge passengers at a rate greater than three cents per mile for each passenger transported over its line, and any officer or agent of said company violating the provisions of this section shall be guilty of a misdemeanor, and on conviction shall be fined not less than twenty nor more than one hundred dollars. Approved June 7, 1887. 1887 CHAPTER 3805-[No. 125.] AN ACT to Incorporate the Ocala, Silver Springs and Park Street Railroad Company. Be it enacted by the Legislature of the State of Florida : SECTION 1. That C. M. Brown, John F. Dunn, Frederick R. Freeman, Daniel A. Miller, F. Brigham Bishop, Hugh E. Mil- Corporators. ler, George H. McMaster, Edwin Spencer and their associates, successors and assigns, are hereby incorporated and made a body corporate under the name of the Ocala, Silver Springs and Park Street Railroad Company, and by such name shall be capable and competent in law to sue and be sued, implead and Powers. be impleaded, purchase and hold lands and sell the same, borrow money for corporate purposes, make and use a common seal and alter the same at pleasure, and generally to do and perform every act and thing necessary to carry into effect fully the objects of their incorporation. SEC. 2. The said company shall have the right to construct and operate a line of railway or railroad from the city of Ocala, Route of railin Marion county, to Silver Springs, in said county, and from way. Silver Springs to Silver Springs Park, in the said county, and through the streets of Silver Spring and Silver Spring Park under such restrictions as may be made by law, and said company shall have the right to operate said lines of road with steam or horse-power, as may be most convenient. and passengers. SEC. 3. That said company shall have the right to carry freights and passengers, and to demand and receive such prices To carry freight and sums for the transportation of the same as may be fixed by law; shall have, also, the right to run excursion trains and fix excursion rates. SEC. 4. The said company shall have the right to issue bonds To issue bonds. or such other evidences of debt as they may deem necessary for carrying into effect the intentions of this act. SEC. 5. That the said company shall have the right to erect a hotel or summer house at the termination of their line at Sil- To erect hotel. ver Springs, with bath houses and pleasure gardens, and to demand reasonable rates for the privileges of the same. First Board of SEC. 6. Until a Board of Directors shall have been duly elected, the corporators, or a majority of them, may do and Directors. 1887 Repeal. perform every act that said Board of Directors might or could do when legally and regularly elected. SEC. 7. All laws and parts of laws in conflict with the provisions hereof be and the same is hereby repealed. Approved June 7, 1887. Corporators. tees. CHAPTER 3806-[No. 126.] AN ACT to Incorporate the St. Johns River Conference College. Be it enacted by the Legislature of the State of Florida: SECTION 1. That J. H. Stoney, H. J. Walker, J. T. Lewton, C. C. McLean, W. S. Fitch, R. M. Tucker, R. D. Coulter, A. Crenshaw and C. L. Robinson, and their successors in office, be and they are hereby created a body politic and corporate, to be styled "The Board of Trustees of the St. Johns River ConBoard of Trus- ference College of the Methodist Episcopal Church," and by that name to remain in perpetual succession, with full power to sue and be sued, plead and be impleaded; to acquire, hold and convey property, real and personal; to have and use a common seal; to make and alter such by-laws as they may deem necessary for the government of said college, its officers and its employees; Provided, Such laws are not inconsistent with the Constitution and laws of the United States and of this State. Powers. Location of Purposes of. tees. SEC. 2. The said college shall be located at Orange City, Volusia county, and shall be established on a plan sufficiently extensive to afford the mental, moral and physical education and training of male and female students in all branches of science, literature and art, and the Trustees, as their ability shall increase and the interests of the said institution require, may erect such buildings and create such departments for the study of the higher branches as may be deemed expedient. SEC. 3. The said Trustees shall have power to appoint a Powers of Trus- President, one or more Vice-Presidents, Secretary, Treasurer, and such other officers, professors, teachers or agents, and to remove any of them at their discretion; also, to prescribe and direct the course of studies to be pursued in the institutions and its departments, and may establish such professorships from time to time as they deem proper; also, to have power to confer on those whom they may deem worthy all such honors and degrees as are usually conferred in like institutions of learning. Trustees, how elected as. SEC. 4. The Board of Trustees shall consist of nine or more members, who shall be annually elected by the members of the St. Johns River Conference of the Methodist Episcopal Church at their annual meeting, and shall hold their several offices until their successors are chosen, any five of which board, including the President, or, in his absence, one of the Vice-Presidents, shall constitute a quorum for the transaction of business. Said Board of Trustees shall hold their annual meeting and elect their officers on the first Tuesday in February of each year, and afterwards they shall meet on their own adjournment, and they may hold special meetings in such manner as shall be prescribed by the by-laws of said institution, to be framed and adopted by the said Trustees, which said by-laws shall provide for said annual meeting. 1887 SEC. 5. The said Board of Trustees shall faithfully apply all funds by them collected or received, according to their best judg- Duties ment, in erecting suitable buildings, supporting the necessary officers, instructors and employees, in procuring books and apparatus necessary to the success of the institution; Provided, That in case any donation or bequest be made for any particular purpose which accords with the designs and character of the institution, and is accepted by the Trustees of the institution, every donation or bequest so made shall be applied in conformity to the conditions or designs of the donor, and the said Trustees shall make a report each year, at the annual meeting, of the moneys received and expended, and the progress made in the establishment and promotion of the said institution. SEC. 6. The Treasurer of said institution shall always, and all other agents when required, before entering upon the duties Bond of Treasof their appointment, give bonds for the faithful performance of their duties in such penal sums and with such securities as the Board of Trustees shall approve. urer. SEC. 7. The said college buildings, library, apparatus, appur- Exemption tenances, and all lands purchased or donated for the use of the from taxation. said institution, shall be exempt from taxation. SEC. 8. The President and Secretary of the Board of Trus- Faculty. tees, the professsors and superintendents of the said institu tion, shall constitute the faculty of the same. ulty. SEC. 9. The faculty shall have the immediate charge and management of the said college; shall determine the basis of Duties of facadmission, the length of complete and partial courses of study, the studies to be pursued and the text-books used; also, the daily hours of attendance upon the exercises of the institution. They shall likewise make all needful rules for the government. and discipline of the students, and for promoting in the highest degree their morals, health, decorum and scholastic advance 1887 Repeal. ment, all of which shall be subject to revision, alteration or rejection by the Board of Trustees. SEC. 10. This act shall take effect and be in force from and after its passage. Approved June 7, 1887. Preamble. Corporators. Name. Boundary of property. Powers of Election of CHAPTER 3807-[No. 127.] AN ACT to Incorporate the Trustees of the Presbyterian Church of St. WHEREAS, The Trustees of the Presbyterian Church of St. Augustine were incorporated by an act to incorporate the Presbyterian congregation of the city of St. Augustine, approved December 3d, 1824, for the term of thirty years, which term has expired Be it enacted by the Legislature of the State of Florida: SECTION 1. That Andrew Anderson, DeWitt Webb, Heth Canfield, James W. Allen, C. A. Chamberlain and O. B. Smith, and their successors in office, be and remain a body corporate by the name and style of the Trustees of the Presbyterian Church of St. Augustine, and that the said Trustees, their successors in office and assigns, be and remain invested with all the property, real, personal and mixed, and the title thereto forever, owned or held by them or their predecessors as the Trustees of said church, including the lot of land in said city of St. Augustine, Florida, on which the Presbyterian Church building stands, being the lot bounded north by lot of one Nelligan, east by St. George street, south by lot late of Saunders or Spear, and west by the channel of the Maria Sanchez creek; such Trustees to have and to hold such property, and the proceeds of any such property as they may alienate for the benefit of and in trust for the said Presbyterian Church and the congregation thereof; and such Trustees and their successors shall be capable of suing and being sued, contracting and being contracted with, acquiring and alienating property, real, personal and mixed, for the purposes of said church and the congregation thereof, and to make and repeal by-laws, to do all such acts by their corporate name, and to have all the usual powers of a corporation, and to do all acts necessary or proper to the performance and execution of their trust and not contrary to the laws of the State. SEC. 2. That an election shall be held once in each calendar year of six Trustees for said church, at which election each member of said church of the age of twenty-one years or over |