The Laws of Texas, 1822-1897 Volume 7 Page: 1,472
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772
Laws of the State of Texas.
Sec. 5. That this company may receive real, personal and
mixed property, or either, and water rights and other privileges,
as canital stock in said company, but no such property,
rights, or privileges shall be received as stock at a higher
valuation than that fixed by appraisers appointed by the
company, and which valuation, in writing, signed by such
.appraisers, shall be entered upon the records of the company.
Sec. G. That it shall be lawful for the company, through
the board of directors, when necessary, in accordance with
the provisions of their by-laws, to borrow or obtain loans
of money for the use of the company, and as security
therefor to pledge or mortgage all or any part of their estate,
assets, privileges and franchises, and to issue bonds, with
or without coupons, convertible in whole or in part into the
stock of the company, on such terms and at such rates of interest
as the board of directors, or a majority of them, may
deem expedient.
Sec. 7. That by its corporate name this company shall
have succession for and during sixty years from the passage
,of this act, and during such time shall possess all the powers
herein enumerated, and all others incident to corporations
under any general law of this State; but no stockholder shall
be liable or responsible for the contracts, faults and neglects
of, or damages done by the company, in any further sum
than the value of the shares of stock owned by such stockholder.
Sec. 8. That this act take effect and be in force from
-and after its passage.
Approved June 2d, 1873.
CHAPTER CCXCVI.
An Act providing for an Election of Officers for the Town
of Cameron.
Section 1. Be it enacted by the Legislature of the
'State of Texas, That an election of mayor, six aldermen,
one collector, a treasurer, and one secretary, for the
town of Cameron, in Milam county, be held in said town,
at the court house, on the twelfth day of August, 1873.
'That for ten days before the election the presiding justice
*of said county is directed to register, in a book for that(1472)
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1822-1897 Volume 7, book, 1898; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth6732/m1/1474/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .