| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
8. AND BE IT ENACTED, That the said president
and managers
shall meet at such times and places as shall be ordained by the respective
by-laws, and when met seven members shall form a quorum,
who in the absence of the president may choose a chairman, and
shall keep minutes of their transactions fairly entered in a book
kept for that purpose, and a quorum being formed, they shall have
fill power and authority to appoint all such surveyors, engineers
and superintendants, and other officers, as they shall deem necessary
to carry on their intended works, and to fix all salaries and
wages, and to draw on the bank for all monies as shall have been
deposited by the commissioners aforesaid, which draughts shall be
signed by the president, or in his absence by a majority of the
quorum, and countersigned by the treasurer; and to do all such
other acts, matters and things, as by this act, and the respective
by laws, rules, orders and regulations, of the company, they shall
be authorised to do. |
1815.
CHAP. 99.
Quorum—Powers. |
9. AND BE IT ENACTED, That after thirty days
notice in all the
public papers aforesaid, and under the provision aforesaid, of the
time and places appointed for the payment of any proportion of the
said capital stock of the said company, if any stockholder shall
neglect to pay such proportion at the time and place appointed, for
the space of forty days after the time so appointed, every stockholder,
his, her or their assignee or assignees, shall, in addition
to the payment so called for, pay at the rate of five per cent. per
month for delay of such payments; and if the same shall remain
unpaid until the interest aforesaid shall amount to a sum equal to
the payment already made on such share or shares, in that case
the said share or shares shall be forfeited to the said company, and
may and shall be sold for the benefit thereof, and assigned by the
president and managers to the purchase or purchasers aforesaid,
which purchaser or purchasers, by virtue of said assignment, shall
have all benefit and advantage of said share or shares, as if he, she
or they, had been an original subscriber or subscribers; Provided
also, that no stockholder, whether an original subscriber or assignee,
shall be entitled to vote at any election, or at any general
or special meeting of the said company, unless the whole sum due
and payable as aforesaid by him or her held at the time of such
election or general or special meeting of the said company shall
have been fully paid and discharged as aforesaid. |
Defaulters.
Proviso. |
10. AND BE IT ENACTED, That it may be lawful
for the said president
and managers, superintendants, surveyors, engineers, artists
or chain-bearers, to enter into and upon all and every the lands,
tenements and enclosures, in, through, and over which the said
road may be thought proper to pass, and examine the ground the
most proper for the purpose, and quarries of stone, gravel, and
other materials in said vicinity, that will be necessary in making
and constructing said turnpike road, and also to survey, lay down,
ascertain, mark and fix, such route or tract for the same road as in
the best of their skill and judgment will combine shortness of distance
with the most practicable ground where the contemplated road
aforesaid shall pass. |
May enter on
lands, &c. |
11. AND BE IT ENACTED, That it shall be lawful
for the president
and managers, by and with their superintendants and engineers,
artists, workmen and labourers, with their tolls, instruments, |
Materials, &c. |
VOL. III.
40
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