of the said original Act as makes or fixes the value
of the shares of the capital stock of the Chesa-
peake and Delaware Canal Company at two hun-
dred dollars each be and the same is hereby
repealed.

Sec. 2. And be it enacted, That the Chesapeake
and Delaware Canal Company shall have full
power and authority to issue, to the stockholders
of said company, four shares of the capital stock
of the said company at the par value of fifty dol-
lars each in lieu of each share of said stock now
held by the said stockholders, upon the surrender
of the certificate thereof.

To issue stock.

Sec. 3. And be it enacted. That besides, and in
addition to the general meeting of the proprietors
to be held on the first Monday of June in every
year, as provided for in the eight section of said
original Act, there shall be a general meeting of
the proprietors on the first Monday of December
in every year, at the office of the said company,
at which meeting an equal dividend of all the
net profits arising from tolls may be ordered and
made to and among all the proprietors of the said
company, if upon examination of the accounts and
general affairs of the said company, which it is
hereby made the duty of the President and Direct-
ors to present at said meeting, it shall be deemed
right and expedient by the proprietors so to order
and make such dividend.

General meet-
ings.

Sec. 4. And be it enacted. That the presence of
proprietors having two thousand shares at the
least, shall be necessary to constitute all generel
meetings.

Quorum.

Sec. 5. And belt enacted, That the eleventh sec-
tion of the aforesaid supplement, passed at Decem-
ber session, eighteen hundred and thirty-five,
chapter three hundred and seventy-nine, be and
the same is hereby repealed, and that the next fol-
lowing section, number six of this Act, be and the
same is hereby substituted therefor.

Section 11 re-
pealed,

Sec. 6. And be it enacted, That in all elections
hereafter to be held for President and Directors of
the said Chesapeake and Delaware Canal Com-
pany, and at all meetings of stockholders to be
called upon the business of the company, the hold-
49

Holders of
certificates of
debt may vote.