Sheriffs allowed

to levy, &c.

R. R. Co.

thorized and empowered to establish an express agency, and shall receive such additional compensation as is usually charged for transportation of freight by other express companies.

SEC. 14. Be it further enacted, That it shall be lawful for any Sheriff, Coroner or Constable to levy upon and sell, as other personal property, any share or shares in any railroad or turnpike company in this State, belonging to any execution debtor or corporation, against whom they hold an execution.

SEC. 15. Be it further enacted, That the officer making the levy, shall, at the time of such levy, or as soon thereafter as practicable, notify the Secretary or other officer entrusted with the books of the Turnpike or Railroad Company of the fact of such levy; the notice to be given personally or in writing, left at the office of the Secretary, or other officer aforesaid.

Sec. 16. Be it further enacted, That upon the sale of such turnpike or railroad stocks in shares, by execution, the officer, on receiving from the purchaser the amount of his bid, shall execute and deliver to him a certificate of the shares sold, and his return of the sale, on the back of the execution, shall be notice to all the world of the fact of sale; and on presenting to the proper officer of the Company, said certificate, said officer shall transfer said shares on the proper books to the purchaser or his assigns.

SEC. 17. Be it further enacted, That the Tullahoma Tullahoma & S. and Southern Railroad Company have the further time of two years to commence and finish their Railroad: Provided, no State aid be granted to said road.

SEC. 18. Be it further enacted, That the further time of five years is hereby extended to the Nashville and Knoxville Railroad Company to bring themselves within the provisions of an act, entitled An act to incorporate the Further im Nashville and Knoxville auroan ompany, passed DeKR. R. cember 22, 1853: Provided, that no State aid is granted

given

ash

to this road.

་

SEC. 19. That this act take effect from and after its passage.

DANIEL S. DONELSON,

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

Passed March 20, 1858.

Speaker of the Senate.

CHAPTER 164.

AN ACT for the benefit of William B. Bate.

Be it enacted by the General Assembly of the State of Tennessee, That the Comptroller of the Treasury be, and he is hereby directed to draw a draft or warrant in favor of William B. Bate, for the sum of one hundred and twenty-five dollars as compensation for his services, as an attorney, in investigating the charter of certain Companies claiming and exercising banking privileges, under an act passed on the 2d March, 1854, entitled "An act to incorporate the Etna Mining and Manufacturing Company, and for other purposes;" said Bate being employed by virtue of a resolution of the late General Assembly, by the Governor of the State.

DANIEL S. DONELSON,

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

Passed March 20, 1858.

Speaker of the Senate.

CHAPTER 165.

AN ACT incorporating the Memphis Christian Advocate and Book Depository Associa tion, and Inebriate Reform Society, of Knoxville.

SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That Q. C. Atkinson, J. D. Williams, A. J. Montgomery, William R. Harris, B. Rozell, A. Wright, Wm. K. Poston, S. W. Jefferson, M. C. Cochran, D. S. Green, J. F. Hamlin, Moses Wicks, James McConnell, D. Pearson, S. Roseborough, L. P. Williamson, Thos. Taylor, Samuel Lancaster, T. W. Gammell, William Memphis book McMahan, Benjamin Cash, B. R. Ellis, J. M. Knott, P. Tuggle, J. II. Collins, Robert Alexander, W. T. Bonner, P. P. Wyck, Willis Summerville, Samuel Watson, and such other persons as may hereafter subscribe for, and pay in, one share of stock, be, and they are a body politic and corporate, to be styled and designated, The Memphis

concern.

Capital.

Rights.

Society.

Christian Advocate and Book Depository Association, and by this name may sue and be sued, plead and be impleaded, have a common seal, which may be altered or renewed at pleasure, may make all needful rules and regulations for the good government of the said Association, and establish such by-laws as may secure the same, not inconsistent with the Constitution of the United States or the State of Tennessee, or the laws of the same.

SEC. 2. Be it enacted, That the capital stock of said Company shall be three thousand dollars, but may be increased to thirty thousand dollars, divided into shares of twenty-five dollars each, which may be sold or transferred, by assignment; that each shareholder shall be entitled to one vote in all elections.

SEC. 3. Be it enacted, That the stockholders in said Association shall elect five Directors, one of whom shall be elected President thereof; that they shall have power to elect a Secretary and Treasurer, and such other officers and servants as may be deemed necessary to carry out their purposes, and intent of this act.

SEC. 4. Be it enacted, That said Association shall have right and power to publish, in the city of Memphis, a newspaper designated the Christian Advocate, with authority to establish a General Depository of Books; to purchase and hold real estate deemed necessary to erect buildings thereon sufficiently large to carry on said paper and book concern, under the direction of the General Conference of the Methodist Episcopal Church, South; and that the holder of any certificate of one share of the capital stock of said Company, shall forever thereafter be entitled to have and receive, gratuitously, one copy of said paper, and shall be allowed to purchase books at cost from the Depository of any of the publications of the Methodist Episcopal Church, South.

SEC. 5. Be it enacted, That any one or all of said corporators may open books and receive subscription for stock to said Company, and shall have succession and exist for fifty years.

SEC. 6. Be it further enacted, That the Revs. Thos. W. IIumes, R. B. McMullen and James H. Martin, be, and are hereby incorporated a body politic and corporate, under the name and style of the "Inebriate Reform Society," of KnoxIrebriate reform ville, shall have perpetual succession and are hereby invested with the right to sue in law and equity, to take and hold real and personal property for its use and benefit, as a Society, to have a seal and all other corporate rights necessary and proper to effect the ends for which this charter is granted, and is hereby subject to be sued in law

or equity, and to all other liabilities to which a corporation

is subject.

SEC. 7. Be it enacted, That this act shall be in force from and after its passage.

DANIEL S. DONELSON,

Speaker of the House of Representatives.

JOHN C. BURCH,

Passed March 20, 1858.

Speaker of the Senate.

CHAPTER 166.

AN ACT to incorporate the Bluff City Insurance Company of Memphis, and for other purposes.

SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That T. W. IIunt, Charles Potter, James L. Webb and W. E. Milton, and their associates and successors, be, and they are hereby created a body politic and corporate, by the name and style of the Bluff City Insurance Company, at Memphis, and by that name shall have succession for ninety-nine years, sue and be sued, plead and be impleaded, and generally to do every act and thing necessary to carry out the provisions of this act, and promote the objects and designs of this corporation.

Memphis Insur

ance Co.

SEC. 2. Be it further enacted, That the capital stock of said Company shall be three hundred thousand dollars, divided into shares of one hundred dollars each; and when one thousand shares shall have been subscribed, and the Capital. sum of ten thousand dollars paid thereon, the stockholders may meet and elect five Directors, and said Directors shall elect one of their number President, during their term of office.

SEC. 3. Be it further enacted, That the affairs of said Company shall be managed by a Board of Directors, to be elected annually, consisting of not less than five, and such agents and officers as they shall appoint. A Secretary and President shall be elected annually by the Directors, and all vacancies happening in any of said offices may be filled by the Board for the remainder of the year for which they were elected. The Board shall have power to declare by by-laws what number of Directors, less than the whole, shall constitute a quorum for the transaction of business,

ers.

as also the number of Directors to be elected, and the time and place of holding the annual elections. The Directors shall have power to require security in all stock subscribed, and not paid in, if they deem it expedient for the safety of the Company, and generally to adopt that course they may think best calculated to advance the interests of the Company.

SEC. 4. Be it further enacted, That the said Company shall have full power and authority to make Insurance against losses by fire, at such a rate of premium, and upon such terms and conditions as may be agreed upon, on any Rights and po house, tenement, manufacturing or other building, and on goods, wares and merchandise, and other effects therein; and on hay, grain and other agricultural products in barns, stacks, or otherwise; and generally on all kinds of buildings, goods, wares and merchandise, and effects, together with every species of property, pursuit or business, in the pursuit and prosecution of which there is any loss or risk, and also to make and effect insurance on lives, of whatsoever sort or nature; to contract for, grant and sell annuities and reversionary payment; to take, receive and hold all estates and property, real and personal, which may be granted, committed, transferred or conveyed to them, with their consent, upon any trust or trusts whatever, at any time or times, by any person or persons, body or bodies corporate, or by any Court of the United States, or of this State, and to administer, fulfill and discharge the duties of such trusts, and to make, execute and perfect such contracts, bargains, agreements, policies and other instruments, as shall or may be necessary, and as the nature of the case may require; and every such contract, bargain, agreement, policy or other instrument, to be made by the said Company, shall be in writing or print, under the corporate seal, signed by the President, and attested and signed by the Secretary, or other officers who may be appointed by the Directors for that purpose: Provided, however, that the Company shall not exercise any of these powers, until the full subscription of one thousand shares shall be made, and five dollars on each be paid.

Dividend.

SEC. 5. Be it further enacted, That the Directors of said Company, shall, on the first Mondays of January and July, in each and every year, declare and divide so much of the profits of said Company, as to them shall appear advisable, first deducting all losses and expenses, and pay the said dividend to the respective stockholders, or to the agents duly empowered to receive them; but the monies received as premiums upon risks which remain undetermined and outstanding at the time of declaring such dividend,