ODEN BOWIE, ESQUIRE, GOVERNOR. 637

from time to time, dividends of the net profits of the said Company, to make rules, regulations and and by-laws for the government of the said Com- pany, and its agents and officers, and to take such bonds from them for the faithful performance of their duty as are deemed necessary, to borrow money if required by the Company, and secure the same by mortgage on its property.	Dividends.
Sec. 5. And be it enacted, That the said Presi- dent and Directors shall continue in office for one year, and until the election and qualification of their successors; the election of their successors shall take place annually, on the first Tuesday in May, and from among the stockholders, by ballot,	Hold over.
of which there shall be given due notice of at least twenty days, and it' such election do not then take place, the said corporation shall not thereby be dissolved, but an election may be held on any other day, due notice thereof being given in the city of Newtown, in one or more newspapers printed in that city, at least twenty days before such election.	Notice of elec- tion.
Sec. 6. And be it enacted, That the stock of this corporation shall be deemed personal estate, and shall, with all the effects of the Company, be lia- ble for its debts, but the stockholders individually shall not be liable therefor, and the service of any judicial process on the President, or any four of the Directors, shall be sufficient service on the Company.	Personal estate.
Sec. 7. And be it enacted, That if any person or persons shall injure the works of this corporation, they shall forfeit and pay the damages sustained therefrom, to be recovered with costs of suit in the name of said corporation, before any Court or Justice of the Peace having cognizance thereof.	Injure — dam- ages.
Sec. 8. And be it enacted, That nothing herein contained shall be construed to give to the said Company any banking privileges, and the General Assembly hereby reserves the right to alter, amend or repeal the charter hereby created, and that	Not to issue.
nothing contained in this Act shall authorize the gaid Company to erect their gas works or manufac- tory within two hundred yards of the main street of Newtown city.	Amend.