the said commissioners or a majority of them,
shall give ten days public notice, by advertisement
in the manner aforesaid, of the time and place of
meeting to be held by the stockholders, for the
election of a President and managers, and the or-

ganization of the corporation; provided that it
shall not be necessary to the organization of the
said corporation, that the whole amount of one
thousand shares shall be subscribed at the closing
of the books; but that the meeting for the elec-
tion of President and managers shall be held and
the organization take place, and the corporation
proceed to the exercise of the powers hereby con-
ferred on it, if two hundred and fifty shares shall
be found to have been subscribed and paid in at
the closing of the books as aforesaid; and in the
event of the first subscriptions falling short of the
entire capital hereby authorized, the President and
managers may from time to time at their pleasure
re-open the said books until the entire capital shall
be subscribed; and for the purpose of carrying
on the business of the said corporation, there shall
be elected by the stockholders a President and five
managers, who shall have all the powers of the
said corporation; the first election to be held at
the time designated by the said commissioners,
and all subsequent elections on the first Monday
in November in each year, at which elections the
stockholders may vote in person or by proxy; in
case of a failure to hold an election at any time,
the persons then in office shall hold over until a
new election takes place.

Proviso.

Sec. 3. And be it enacted. That the said corpora-
tion shall have the power of constructing and
maintaining on the river Susquehanna, between
the Pennsylvania line and the head of sloop navi-
gation, such boom or booms, with piers, as may
be necessary for the purpose of stopping and se-
curing logs, masts, spars, boards, and other lum-
ber floating on the said river, and also the erecting,
constructing and maintaining of such side or
branch booms as may be necessary for the purpose ;

Authority to
construct
booms.

provided, that such side or branch booms shall not
extend in the main channel of the river beyond
the point where the water is six feet in depth at
common low tide; and provided also, that no boom
shall be so constructed as to interrupt the naviga-

Provisos.