to sue and be sued, plead and be impleaded,
answer and be answered, defend and be defended,
in all courts of law and equity or elsewhere,, to
make and use a common seal and the same to alter
and 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 corporate or politic to do.

Capital stock
limited.

" Sec. 2. And be it enacted, That the capital stock
of this company shall consist of a sum not
exceeding three hundred thousand dollars, divided
in thirty thousand shares, at ten dollars each
share; five dollars shall be paid in at the time of
subscribing, and two dollars and fifty cents in
twenty days after the company shall have gone
into operation) the balance at such periods as the
Directors may from time determine, after sixty
days' notice being given, or may be paid from the
net revenue of the company beyond the dividends
of six per centum per annum, and any stockholder
refusing or neglecting to pay an installment 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 for-
feiture occur it may be remitted by a majority of
the whole Board of Directors present at a meeting
at which the motion for such remission shall be
made upon the payment by the person incurring
the forfeiture of the principle of said install-
ment and interest thereon, up to the time of such
payment, 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 as soon as four
thousand shares are subscribed for and paid or
secured to be paid, this company shall be compe-
tent to transact all kinds of business for which it
is established.

Directors.

Sec. 5. And be it enacted, That after the sub-
scription of four thousand shares, as provided for
in the foregoing fourth section, the said Werner
Dresel, Charles Vocke, William Wilkens, H. H.
Grane, Charles Spilker, Augustus Engler, Edward
Niemann, Leopold Blumenberg. Wm. H. Hoff-