for the purposes herein authorized, and may sue
and be sued, plead and be impleaded, answer and
be answered and defended in all courts of law and
equity, and may receive and make all deeds, trans-
fers, covenants, conveyances, grants, contracts,
agreements and bargains whatsoever necessary for
the said purposes; and may have and use a com-
mon seal, which they shall have power to renew
or alter at pleasure, and generally may do every
other act or thing necessary to carry into effect the
provisions of this Act, and promote the objects
and designs of said Company as authorized by this
Act.

Sec. 2. And be it enacted, That the said Darius
C. Howell, William S. Raine, William H. Pur-
nell, Henry Stockbridge, Mathew T. Gosnell,
Milton Whitney, A. P. German, William Cay-
ton, Edward J. Chaisty, Jr., and John B. Arm-
strong, or such one or more of them as the others,
or a majority of them, shall appoint, may take
and receive subscriptions to the capital stock of
said Company on such terms as they or a majority
of them may designate, or choose in shares, of one
hundred dollars each, to any amount which they
may deem necessary, not exceeding fifty thousand
shares, and that they are authorized to receive
subscriptions to the capital stock in either cash or
lands at such prices and conditions as they may
agree upon, and any person, persons or corpora-
tions who shall become a holder or holders, or en-
titled to one or more shares of said stock, shall
thereupon become a member of the United States
Real Estate Mining and Manufacturing Company
hereby incorporated, and every person, persons or
corporation, on being divested of all shares of the
said stock by transfer or otherwise, shall thereupon
cease to be a member of said Company, and until
an election of officers shall have been made as
hereinafter provided for, the said Darius C. How-
ell, William S. Raine, William H. Purnell, Henry
Stockbridge. Matthew T. Gosnell, Milton Whitney,
A. P. German, William Cayton, Edward J.
Chaisty, Jr., and John B. Armstrong, or a ma-
jority of them, shall have and may exercise all
the corporate rights and powers of the said United

Affairs of the
Company—
how managed