ODEN BOWIE, ESQUIRE, GOVERNOR. 897

hereby authorized to carry into eifect the objects named in said certificate, in accordance with the provisions of this Act, and they and their associ- ates, successors and assigns, by the name and style provided in said certificate, shall thereafter be deemed a body corporate, with succession, with power to sue and be sued, plead and be impleaded, defend and be defended, contract and be contracted with, acquire and convey at pleasure, all such real and personal estate as may be necessary and con- venient to carry into effect the objects of the incor- poration; to make and use a common seal, and the same to alter at pleasure, and do all needful acts to carry into effect the objects for which it was cre- ated; and such Company shall possess all the pow- ers, and be subject to all rules and restrictions pro- vided by this Act.	Incorporated.
Sec. 4. And be it enacted, That said corporations shall be authorized to construct and maintain a railroad, with a single or double track, with such side tracks, turn-outs, offices and depots, as they may deem necessary between the points named in the certificate, commencing at or within, and ex- tending to or into any town, city or village, named as the place of the termini of such road, and con- struct branches from the main line to other towns or places within the limits of any county through which said road may pass.	Construct and maintain a railroad.
Sec. 5. And be it enacted, That the capital stock of such Company shall be divided into shares of fifty dollars each, and consist of such sum as may be named in the certificates; such shares shall be regarded as personal property, shall be subject to execution at law and to taxation as other personal property.	Capital stock, how divided.
Sec. 6. And be it enacted, That an installment of five dollars on each share of stock shall be payable at the time of making the subscription, and the residue thereof shall be paid in such installments, and at such times and places, and to such persons as may be required by the Directors of such Com- pany. Sec. 7. And be it enacted, That if any install- ment of stock shall remain unpaid for sixty days after the time it may be required, whether such 57	Pay install- ment.