equity or elsewhere, to make and use a common seal
and the same to alter or renew at pleasure, and
generally to do and perform all things relative to
the objects of this institution which now is or may
be lawful for any individual or body politic or cor-
porate to do.

Capital stock
limited.

. Sec. 2. And be it enacted, That the capital stock
of this Company shall consist of a sum not exceed-
ing two hundred thousand dollars with the privi-
lege at any future time to increase the same to any
amount not exceeding five hundred thousand dol-
lars, and the said increase shall be made under the
direction of a two thirds vote of the board of Di-
rectors; the said capital stock of two hundred
thousand dollars shall be divided into twenty
thousand shares at ten dollars each share., three
dollars a share to be paid in at the time of sub-
scribing, the balance of the capital to be called in
as the Directors may from time to time direct, by
giving sixty days notice on each call, or may be
paid out of the net revenue of the Company after
paying six per centum per annum on the capital
stock, and any stockholder refusing or neglecting
to pay an instalment when required by the charter,
or by the Directors, shall forfeit all interest in the
Company and be held liable for his portion of
any loss which may have occurred previous to such
neglect or refusal.

Authority to
remit forfei-
tures.

Sec. 3. And be it enacted, That should any
forfeiture occur it may be remitted by a majority
of the whole board of Directors present at a meet-
ing at which the motion for such remission shall
be made, upon the payment by the person incur-
ring a forfeiture of the principal of said instalment
and interest thereon up to the time of such pay-
ment, as also of his portion of such loss as may
have occurred previous to such forfeiture.

Competent to
transact busi-ness.

Sec. 4. And be it enacted, That so soon as thirty-five
hundred shares are subscribed for and paid
or secured to be paid, this Company shall be com-
petent to transact all kinds of business for which
it is established.

Directors ap-
pointed.

Sec. 5. And be it enacted. That after the sub-
scription of thirty five hundred shares as provided
for in foregoing fourth section,, the said Samuel G.,