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Session Laws, 1900
Volume 97, Page 1187   View pdf image (33K)
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JOHN WALTER SMITH, ESQ., GOVERNOR.

they are hereby created and made a body corporate under and
by the name and style of the Dorchester Electric Light and
Power Company, and by that name shall have perpetual succes-

1187

sion, and shall be capable to sue and be sued, complain and
defend in any court of law or equity ; to make and use a common
seal, and alter the same at pleasure; receive and to make deeds
and contracts; to acquire by purchase, or in any other manner
take and receive, hold, use, employ, manage, dispose of or in any
manner not inconsistent with law, deal with any property,
real, personal or mixed, and situate in or out of this State,
which may be necessary or proper to enable said corporation
to carry out its operations or fulfill the purposes named in
this Act, and generally to do every other act or thing not
inconsistent with the law which may be necessary or proper
to promote the objects, designs and purposes for which this
corporation is formed, which are hereby declared to be for
the purposes of manufacturing electricity for illuminating-
purposes, power and for all other purposes to which electricity
or magnetism may be applied, and for the sale, transportation
or other dispositions of the same in Cambridge and Dor-
chester County.

Powers and
privileges.

SEC. 2. And be it enacted, That the capital stock of said
corporation shall be ten thousand dollars, divided into two
hundred shares of fifty dollars each, which capital stock may
be increased by the president and directors to be elected as
hereinafter provided for, to an amount not exceeding twenty-
five thousand dollars.

Capital stock,
with privilege
to increase.

SEC. 3. And be it enacted, That the persons hereinbefore
named as incorporators, or a majority of them, may cause
books to be opened at such times and places in the 'town of
Cambridge, as they may elect, in which said town their
principal offices shall be located, and that when fifty or more
shares of said stock shall have been subscribed, said incorpo-
rators, or a majority of them, shall call a general meeting of
the subscribers at such time and place as they may appoint,
after having given ten days' public notice of such meeting by
three insertions in one of the weekly newspapers in said town,
and at such meeting said incorporators, or a majority of them,
shall lay the subscription books before the subscribers then
and there present; thereupon the subscribers or a majority of
them, who may represent a majority of the stock so sub-

Organization.

scribed, shall elect by ballot five or more directors, but not
exceeding seven, who shall be stockholders in said corpora-
tion to manage the affairs of said corporation, which directors,

Shall elect
directors and
president.



 
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Session Laws, 1900
Volume 97, Page 1187   View pdf image (33K)
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