ing the said constitution shall be presented for the
inspection and examination of such persons as may
desire to examine the same, from day to day, for
the space of thirty days, or until the number of
persons signing the same and becoming members
of said association, according to the provisions
hereinafter prescribed shall have reached the num-
ber of fifty or more, in the discretion of said cor-

May become
members upon
payment.

porators. Every person desiring to become a mem-
ber of said association while the preliminary or-
ganization is proceeding, shall be allowed to do
so by the payment of a sum not exceeding ten dol-
lars, and signing the Constitution for the-govern-
ment of said association. When the number of
persons signing the Constitution and becoming
members, as is hereinafter prescribed, shall have
reached the number of fifty, they or a majority of
them, at a meeting appointed for that purpose,
shall have power to proceed to organize the asso-
ciation upon a permanent basis, by the choice of
officers and the adoption of such by-laws for the
regulation of the association, not inconsistent with
the provisions of this Act, as shall be deemed
expedient and necessary.

Honorary
degrees.

Sec. 5. And be it enacted, That said association
shall have power to confer honorary degrees upon
such persons as may have, or shall hereafter dis-
cover or invent any plan of improving the science
of telegraphing, or shall through their exertions
cause any change to be made in the manner of
managing telegraph lines which may prove a
benefit to the community, whose interests are ad-
vanced by the use of such improvements or changes.
The aforementioned honorary degrees in no case to
be conferred except for the parposes herein set
forth.

Real estate.

Sec. 6. And be it enacted, That the purpose of
said association and no other, said association shall
have power to hold and convey real, personal or
mixed estate not exceeding in value the sum of
one hundred and fifty thousand dollars.

Reservation.

Sec. 7. And be it enacted, That the Legislature
shall have power to alter, amend or repeal this
Act at pleasure.