stockholders, to serve for one year, and until their
successors shall be elected and in case of any va-
cancy occuring in the President or Directors of said
Company, the remaining Directors shall have
power to fill such vacancy until the next general
meeting of the stockholders shall be held; and
until the first election of President and Directors,
shall be held as herein provided, the said persons
named in the first Section of this Act, or a ma-
jority of them, shall have full power and authority
to manage the affairs of said Company, receive,
subscriptions to said capital stock, and to appoint
such officers and agents' as may be necessary for
that parpose.

Sec. 6. And be it enacted, That when four
hundred shares of said capital stock have been sub-
scribed, there shall be a general meeting of the
stockholders held, and thereafter at such times and
places as the President and Directors may deter-
mine.

Meeting of
Stockholders.

Sec. 6. And be it enacted, That all the pro-
perty, estate and stock of said Company, shall be
bound and answerable for any and all contracts,
or engagements made, or liability incurred by the
President and Directors thereof, or through their
agency or by their authority and service of any
judicial process upon the President or any one of
the Directors shall be a sufficient service upon the
said Corporation.

Stock liable
for debts.

Sec. 7. And be it enacted, That nothing herein
contained shall confer upon said Corporation bank-
ing privileges or authorize it to issue any note,
token, or device to be used as currency.

Banking pro-
hibited.

Sec. 5. And be it enacted, That the General As-
sembly reserves the right to alter, amend or repeal
this Act at pleasure.

Reservation.

Sec. 9. And be it enacted, That this Act shall
take effect from the date of its passage.

In force.