meeting of the Board he shall be absent, a Chairman protem. shall be elected; also, that said President shall be ex-officio Treasurer of said Board, and shall be charged with the duty of collecting and disbursing all sums of money received for tuition fees, the payment of Assistants or Professors, and shall, with the consent of said Board, buy, sell, or dispose of books, apparatus, and other property for the use of said School. SEC. 6. That the President shall have the power of selecting such Assistants or Professors as shall be necessary, and that said President, Commandant, and Assistants, or Professors, shall constitute the Faculty of the School, with power to prescribe a course of studies, select Text Books, to establish rules and regulations for the government of themselves and pupils, to punish, reprimand, suspend or expel any student for misconduct, and fix the rates of tuition, and do all things necessary for the internal management of the affairs of the School; Provided, the appointment of said Assistants or Professors shall be subject to the approval of said Board, or a majority thereof. SEC. 7. That the President, Commandant, and Assistants, or Professors, and students, shall constitute a military corps. The Governor shall issue a warrant of ap pointment to each student who shall be styled a Cadet. He also shall issue the commission of Colonel to the President, of Lieutenant Colonel to the Commandant, and such other commissions to Professors and Cadets as may be necessary to fill the offices created by the Faculty or Board of Trustees, and is authorized to cause to be issued to the Academy the necessary and suitable arms and equipments on the requisition of the President thereof, who shall execute to the Governor of the State of Tennessee, a bond for double the value of the arms, with satisfactory securities, conditioned for the safe keeping of said arms, and the safe return thereof to the Executive of the State whenever such return may be required, or demanded; and the parents or guardians of each student shall be responsible to said President for such arms and equipments as may be placed in his hands to be used by him as a Cadet of the Academy. SEC. 8. That the President alone, or any two of said Board of Trustees, shall have power to call meetings of said Board at any time. SEC. 9. That the Governor shall annually appoint a Board of Visitors, consisting of seven persons, to attend the examination of the Cadets at least once a year, and it shall be their duty to ascertain the proficiency of Cadets in the various departments of learning in which they have been engaged, to inspect the public property and arms at the Academy, make a full report of their condition as well as the condition of the School to the Governor, with such suggestions as may appear necessary to be attended to, to promote the efficiency and prosperity, to be by him laid before the General Assembly. SEC. 10. That the property of the Academy shall be exempt from taxes. DANIEL S. DONELSON, Speaker of the House of Representatives. JOHN C. BURCHI, Passed February 13, 1858. Speaker of the Senate. CHAPTER 60. AN ACT to charter the Virginia, Tennessee and North Carolina Railroad Company, and for other purposes. SECTION. 1. Be it enacted by the General Assembly of the State of Tennessee, That the formation of a Company is hereby authorized, for the purpose of constructing a railroad, McAdamized turnpike, or plank road, from the Tennessee and North Carolina State line, at or near David Bener's Store, via Taylorsville, on the best and most practicable route to the Virginia and Tennessee State line on the Laurel Fork of Holston River, where the Virginia and Tennessee State line crosses the Laurel Fork of Holston River, or as near that point as may be practicable, which Company shall consist of stockholders, and when formed shall be a body corporate by the name and style of the Virginia, Tennessee and North Carolina Railroad Company, which Company shall have the privilege of constructing between said places either a Railroad, for steam or horse power, McAdamized turnpike or plank road, as they may think most practicable. SEC. 2. Be it enacted, That if said Company shall determine to construct a Railroad, they shall have, possess, enjoy, and exercise, all the rights, powers, privileges and franchises, so far as the same are practicable, which the East Tennessee and Virginia Railroad has by the terms of an act passed the 27th of January, 1848, entitled. An act to incorporate the East Tennessee and Virginia Railroad Company, and be subject to the same liabilities therein imposed. a SEC. 3. Be it enacted, That the capital stock of said Company, if it be determined to build à Railroad, shall be two hundred thousand dollars, to be divided into shares of twenty-five dollars; and Green Moore, M. M. Wagner, R. R. Butler, Samuel E. McQueen, John H. Vant, D. Bowers, A. D. Smith, Joseph Grace, James Donnelly, John K. Hughes, Isaac McQueen, Joseph Johnson, William Venable, James Brown, Jacob Wagner, Jr., E. Dougherty, and David Duff, be, and they are hereby appointed Commissioners, who may, at such times and places, upon such terms as they may think proper, open books for subscription of said stock, who shall, as to the road, in all respects, have the power, and perform the duties prescribed for the Board of Commissioners of the East Tennessee and Virginia Railroad Company, so far as they are applicable to this road, and whenever the number of three hundred shares are subscribed, the Company shall be considered as for med, as having a corporate existence as aforesaid, and the Board of Commissioners may proceed to survey the road, or route of the road, and make an estimate of the cost of its construction; and when six hundred shares shall have been subscribed, the Board of Commissioners shall appoint a time for the stockholders to meet at Taylorsville, for the purpose of electing a President and six Directors, to manage the affairs of the Company. The President shall be elected as the other Directors, by a direct vote of the stockholders. SEC. 4. Be it enacted, That the Board may call for the payment of stock subscribed, in sums not exceeding five dollars in the share in every sixty days, and to enforce its payment; the same remedy is given as in the act aforesaid. SEC. 5. Be it enacted, That if the above named Commissioners shall determine not to avail themselves of the provisions of the foregoing charter, the said Commissioners shall have the privilege of forming a Company, for the purpose of making a turnpike, McAdamized, or plank road as they may deem proper or expedient, and avail themselves of the provisions of an act passed February 7, 1850, entitled, "An act to authorize the formation of Turnpike Companies;" and after said Company shall be organized, they may proceed to lay off said road on the nearest, best, cheapest, and most practicable route from the Tennessee and North Carolina State line, at or near David Bewer's Store, via Taylorsville, to the Virginia and Tennessee State line on the Laurel Fork of Holston River, where the said line crosses the Laurel Fork of.said River, or as near that point as may be practicable. Sec. 6. Be it further enacted, That nothing contained Extending time to the Nashville and Northwestern Railroad. acceptance to the Railroad. in this act shall be construed as in any way to grant State aid to said road. SEC. 7. Be it further enacted, That the Nashville and Northwestern Railroad Company shall have the further time of two years in which to get the stock and prepare a section for the iron, as required by law: Provided, this shall not interfere with the rights of stockholders. SEC. 8. Be it further enacted, That the Central SouthTo extend time of ern Railroad Company shall and may have the further time Central Southern of thirty days, in which to accept the provisions of an act passed by the present General Assembly, entitled, "An act to release the State from certain liabilities, and for the benefit of the Central Southern Railroad Company." DANIEL S. DONELSON, Speaker of the House of Representatives. JOHN C. BURCH, Passed February 13, 1858. Speaker of the Senate. May build dam In Sequatchie River. A. P. 4uild dam in Holston River. ner may J. Sharp may nild dam in Clinch River. CHAPTER 61. AN ACT for the benefit of John W. Hoodenpile, Aaron Balenger, John Sharp, George SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That John W. Hoodenpile be authorized to build a mill dam across Sequatchie River, in Hamilton county, at some point between William Stewart's and the mouth of Coop's Creek. SEC. 2. Be it further enacted, That John W. Hoodenpile is authorized to build said mill dam across Sequatchie River five feet high, if he deems it advantageous so to do. SEC. 3. Be it further enacted, That all laws declaring Sequatchie River navigable, are hereby repealed. SEC. 4. Be it further enacted, That Aaron Ballenger may have the privilege of building a dam in Holston River at or near Smoky Island, for the on said river; Provided, said dam does not interfere with purpose of erecting mills the navigation of said river. SEC. 5. Be it further enacted, That John Sharp and George Moser, of the County of Campbell, are hereby authorized to build a mill dam in Clinch River, for the pose of erecting mills and other water works on said River: Provided, said dam does not obstruct the navigation of pur said stream as contemplated by former acts of the Legislature on the subject. may build a mill SEC. 6. Be it enacted, That George Akens is here- George Akens by authorized and empowered to build a mill dam dam. across the South Fork of Obion river at or near Shade's Bridge, in Gibson county. DANIEL S. DONELSON, Speaker of the House of Representatives. JOHN C. BURCH, Passed February 15, 1858. Speaker of the Senate. CHAPTER 62. AN ACT to incorporate St. Peters' Literary Association in the City of Memphis. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That Thomas L. Grace, Raymond A. Gangloff, and James V. Daly, be, and they are hereby created a body politic and corporate, with succession for a period of ninety-nine years, under and by the name of "St. Peter's Literary Association," and by that name may sue and be sued, plead and be impleaded, in any court of justice in this State. SEC. 2. Be it enacted, That the said Corporation shall have authority to erect and establish an Academy or College in the county of Shelby, in this State. SEC. 3. Be it enacted, That the said Corporation may obtain and hold, by purchase or otherwise, any property real or personal, and may dispose of the same at pleasure, for the purposes of the Association and not otherwise. SEC. 4. Be it enacted, That the said Corporation shall have power to enact by-laws for their own government and for the government of institutions under their charge, and to create such officers as may be necessary: Provided, that such by-laws are not inconsistent with the laws of this State or the United States. SEC. 5. Be it enacted, That the said Corporation may increase its membership to ten members; members to be admitted and vacancies to be filled by the votes of a majority of the members of the Corporation. |