Henry Lambert, William Scoon, Charles H. Ba-
ker, Philip E. Trew, C. Delinot, and George B.
Wescott and their associates, successors and as-
signs, be, and they are hereby created a corpora-
tion and body politic by the name and style of the
Qaker Neck Wharf Company, and by that name
may have succession, and shall be able and capa-
ble in law to sue and be sued, plead and be im-
pleaded, answer and be answered unto in any
Court of law or equity in this State, and to make
and use a common seal, to ordain and establish
such by-laws and regulations as shall be necessary
and convenient for conducting the affairs of said
corporation not contrary to law.

Sec. 2. And be it enacted, That the capital stock
of said company shall not exceed the sum of five
thousand dollars, to be divided into shares of ten
dollars each.

Capital stock
limited.

Sec. 3. And be it enacted, That for the man-
agement of the affairs of said company, the stock-
holders shall elect a President and not over five
Directors to manage the affairs for one year or un-
til their successors shall be elected, a majority of
whom shall form a quorum or board for the trans-
action of business.

Management
of affairs.

Sec. 4. And be it enacted, That the stock of the
company shall be deemed personal estate.

Stock to be
deemed per-
sonal estate.

Sec. 5. And be it enacted, That the company
shall have full power and authority to levy, charge
and collect from all vessels of every description
whatsoever, using said Wharf, the same reasona-
ble tolls or wharfage that may now be sanctioned
by law or usage in this State; and in the .same
manner, and to be collected as other small debts
are.

Authority to
charge wharf-
age.

Sec. 6. And be it enacted, That this Act may
be repealed or modified by the Legislature.

Reservation.

Sec. 7. And be it enacted, That this Act shall
take effect from the date of its passage,

In force.