Sec. 2. And be it enacted. That the objects of
said Corporation are the packing of peaches and
other fruits, oysters, meats and vegetables, the
manufacture of tin cans, the sawing and planing
of plank, making lime and using machinery, and
other Articles of any description to aid in carrying
on their business in all its branches and for which
purpose they are authorized to purchase or lease,
and hold all necessary buildings, machinery, tools,
vessels, materials, &c., required for the conduct-
ing of their said business.

Object of cor-
poration.

Sec. 3. And be it enacted, That the capital
stock of said Corporation shall not exceed one hun-
dred thousand dollars, and the shares shall be
twenty dollars each.

Capital stock.

Sec. 4. And be it enacted, That for the manage-
ment of the affairs of the Company, the stockhold-
ers, shall except as hereafter stated annually elect
five directors, one of whom shall be a President of
the Company, to be elected by the Directors at
their first meeting after their election, the said
President and Directors so elected, shall manage
the business of said Corporation, shall make all
necessary rules and regulations for the conducting
of its affairs; shall appoint such officers as may be
necessary, who shall receive such compensation as
the President and Directors, may deem proper and
just, the President and Directors shall also make
such by-laws as may be necessary for the manage-
ment of the business of the Corporation and hold
their offices until their successors are elected and
qualified.

Officers.

Sec. 5. And be it enacted. That the said Wil-
liam 0. Sprigg, Charles F. Howes, Hammond
Clande, Dennis Clande, R. Lamar Sprigg, or any
two of them, be and they are hereby appointed
Commissioners to receive subscriptions and pay-
ments for shares of the capital stock of said Cor-
poration, and as soon as twenty-five hundred shares
shall have been subscribed for, and one half of said
subscription shall have been paid in, the said Cor-
poration may commence business, and the said
William 0. Sprigg, Charles F. Howes and Ham-
mond Clande, shall Act as Directors of said Cor-
poration for six months from the day of commence-
ment of business by this Corporation.

Subscription
to stock.