Sec. 4. And be it enacted. That the said Ladox
P. Henry, Cyrus L. Williams, William E. Tim-
mons, John R. Franklin, Ephraim K. Wilson,
George S. Richardson; Thomas D. Purnell, Whit-
tington Jones, Charles L. Bowen, Lemuel P. Col-
lins, George W. Covington, Parker Brown and
Littleton S. Johnson, or such one or more of them,
as the others or a majority of them shall for that
purpose authorize and appoint, may take and re-
ceive subscriptions to the capital stock of said
Company in such manner and on such terms as
they or a majority of them shall choose or desig-
nate, in shares of twenty-five dollars each, to such
an amount as they may deem necessary, not ex-
ceeding twenty thousand shares; and any person
or persons who shall become holders or entitled to
one or more shares of said stock shall thereupon
become a member of the Worcester Rail Road
Company hereby incorporated, and as such shall
be entitled to one vote in person or by proxy at all
meetings of the stockholders, for each share of
stock so held by him or them on which instalments
due shall have been paid, and until two thousand
shares of said stock shall have been subscribed and
'five thousand dollars in cash shall have been paid
thereon, the said Ladox P. Henry, Cyrus L. Wil-
liams, William B. Timmons, John R. Franklin,
Ephraim K.. Wilson, George S. Richardson,
Thomas D. Purnell. Whittington Jones, Charles
L. Bowen, George W. Covington, Parker Bowen
and Littleton S. Johnson, or a majority of them
shall have and may exercise all the corporate
rights of the said Worcester Rail Road Company,
and on receiving the subscriptions and payments
above provided, they or a majority of them shall
call a meeting of the stockholders, who, when so
met, in person or by proxy, shall choose from
among themselves, by ballot, a President and
twelve Directors, who shall serve for one year from
their said elections or until others are appointed,
and at such elections the persons being stockholders
having a majority of all the votes cast shall be
elected, and the said President and Directors, so
organized, and their successors shall, by their by-
laws regulate the time and manner of holding
elections provided for filling vacancies caused by
death, resignation or otherwise, but no omission to

Authority to
receive sub-
scriptions.