and may remove at their pleasure all such offi-
cers, and said President and Directors, or a ma-
jority of them, shall have power to determine by
contract the compensation of all such officers in
the employment of said company and to deter-
mine the manner of adjusting and settling all
accounts against said company, and also the
manner and evidence of the transfer of shares,
and they, or a majority of them, shall have power
to pass all by-laws which they deem necessary
or proper for exercising all the power vested in
the company hereby incorporated for carrying into

effect the object of this Act; provided only, that
such by-laws shall not be contrary to the laws of
this State, the United States or any of the provi-
sions of this Act.

Proviso.

Sec. 9. And be it enacted, That at the annual
meeting of the stockholders of said company it
shall be the duty of the President and Directors
in office for the preceding year to exhibit a clear
and distinct statement of the affairs of the com-
pany; that at any called meeting of the stock-
holders, or a majority of those present, may re-
quire similar statements from the President and
Directors, whose duty it shall be to furnish them
when thus required, and at all general meetings
of the stockholders a majority, in value of all the
stock in said company, may remove from office
any President or any of the Directors of said com-
pany and may appoint others in their stead.

Annual state-
ment.

Sec. 10. And be it enacted, That if the capital
stock of the said company shall be deemed insuf-
ficient for the puposes of this, then and in that
case it shall be lawful for the President and Di-
rectors of the company, or a majority of them,
from time to time to increase the said capital stock
by the addition of so many shares as they may
deem necessary not exceeding twenty thousand,
for which they may cause subscriptions to be re-
ceived giving notice as aforesaid.

Increase of
stock.

Sec. 11. And be it enacted, That the President
and Directors shall have the power to lay off and
construct a railroad not exceeding sixty-six feet in
width, with one or more sets of tracks, from the
Pennsylvania line in Washington county, thence

Power to con-
struct road.