ing into effect the powers above enumerated, and
all other powers, rights, and privileges granted to
and vested in the said Company, incorporated as
aforesaid or in the Directors thereof, by this Act.

Sec. 6. And be it enacted, That the shares of
stock of the said Company shall be deemed and
considered personal estate, and all the joint stock,
property) funds and effects of said Company shall
be answerable for all the contracts made or author-
ized by or for the said Company, and for all just
claims against the same; but none of the stock-
holders shall be liable in person or property for
any contracts of or claims against the said Corpor-
ation, and the service of legal process on the Pre-
sident or any of the Directors shall be a sufficient
service on the Corporation.

Stock liable
for the debts of
the Company.

Sec. 7. And be it enacted, That the stockhold-
ers at any general meeting, or at any special meet-
ing called in such manner as the by-laws shall
provide, at which the holders of a majority of the
whole number of shares of stock shall be present
or represented, shall have power to alter or repeal
any by-laws made by the President and Directors,
and also to make such new by-laws, rules and re-
gulations, as the holders of a majority of the whole
number, of shares of the stock shall assent to, which
shall be binding on the President and Directors;

Power to al-
ter or repeal
by-laws.

provided such by-laws shall not be contrary to any
of the provisions of this charter or the laws of this
State or of the United States.

Proviso.

Sec. 8. And be it enacted, That nothing in this
Act contained shall be construed to restrict the
right of the Legislature, which is hereby reserved
in its fullest, extent, to impose, from time to time,
and at all times hereafter, and levy such tax by
license or otherwise upon all property, estate and
funds in which the capital stock of said Company,
hereby incorporated, .shall be invested in common
with similar property, estate or funds of any other
Company, Corporations or individuals of this State;
and the Legislature also reserves the right to regu-
late the police and government of the population
of any town, or place, owned or occupied in whole
or iii part by the said Company, and that nothing
herein contained shall authorize the stockholders
of the Company, hereby incorporated, or the Pre-

Right reserv-
ed to the Leg-
islature.