said Company, and its agents and officers, and to
take such bonds from them for the faithful per-
formance of their duty as are deemed necessary, to
borrow money if required by the Company, and
secure the same by mortgage on its property.

When officers
are to be elect-
ed.

Sec. 5. And be it enacted, That the said Presi-
dent and Directors shall continue in office for one
year, and until the election and qualification of
their successors; the election of their successors
shall take place annually on the first Tuesday in
March, from among the stockholders by ballot, of
which there shall be given due notice of at least
twenty days, and if such election do not then take
place, the said corporation shall not thereby bo
dissolved, but an election may be held on any oth-
er day, due notice thereof being given, in one or
more of the newspapers punted in the city of
Westminster, at least twenty days before such
election.

Stock liable
for the debts of
the Company.

Sec 6. And be it enacted, That the stock of this
corporation shall be deemed personal estate, and
shall, with all the effects of the Company he lia-
ble for its debts, but the stockholders individually
shall not be liable therefor, and the service of any
judicial process on the President or on any four of
the Directors, shall be sufficient service on the
Company.

Damages re-
coverable.

Sec. 7. And be it enacted, That if any person
or persons shall injure the works of this corpora-
tion, they shall forfeit and pay the damages sus-
tained therefrom, to be recovered with costs of
suit in the name of said corporation before any
Court, or Justice of the Peace having cognizance
thereof.

Banking pri-
vileges prohib-
ited.

Sec. 8. And be it enacted, That nothing herein
contained shall be construed to give to the said
Company any Banking privileges, and the Gener-
al Assembly hereby reserves the right to alter,
amend or repeal the charter hereby created, and
that nothing contained in tins Act shall authorize
the said Company to erect their Gas-works or
manufactory within two hundred yards of the
main street of Westminster city.

In force.

Sec. 9. And be it enacted, That this Act shall
take effect from the day of its passage.