the form of the certificates to be issued to the
stockholders, and to regulate the mode of trans-
fering shares in the capital stock, to apply the
funds of said Corporation as far as may be neces-
sary to effect the objects aforesaid, and in payment
of the necessary expenses of the Corporation, to
call general meetings of the stockholders and gen-
erally to pass all such by-laws as may be necessary
for the exercise of the aforesaid powers or the pow-
ers vested in the said Corporation, and the same
by-laws from time to time, to alter and repeal,

provided, That all such by-laws may be altered
or repealed by a majority in interest of the stock-
holders assembled at a general meeting called in
pursuance of any by-laws made for that purpose
and a majority of the stockholders present at any
annual or general meeting may pass by-laws which
shall be binding upon the Directors, provided, that
such by-laws shall not be contrary to any law of
the United States or of this State.

Provisos.

Sec. 5. And be it enacted. That the President
and Directors shall from time to time declare and
pay to the stockholders, dividends of so much of
the profits realized by the Company after reserv-
ing such sums as may be necessary for the use and
objects of the Corporation.

Dividends.

Sec. 6. And be it enacted. That the President
and Directors, or a majority of them shall have
full power after giving at thirty days previous
notice in some newspaper as they may deem pro-
per, to forfeit and dispose of, for the use of the
Company, any share or shares of stock upon which
one or more installments shall be due, with inter-
est thereon, from the time when the same shall
have been made payable, shall be paid before the
day limited in such notice or the owner of such
stock, may. be compelled by action to pay all such

Forfeitures of
stock.

installments; provided, that no stockholder shall
be liable in his person or property for any contract
of or claim against said Corporation, but that the
joint stock, property, credits, rights and effects of
said Company, and nothing more shall be liable
for the same, and the service of legal process on
any of the Directors shall be a sufficient service on
the aforesaid Corporation.

Proviso.