|
ROBERT BOWIE, ESQUIRE, GOVERNOR.
a majority of them, shall direct, for the true and faithful discharge
of the trust reposed in him, and that the allowance to be made to
him for his services shall not exceed two dollars in the hundred
dollars for the disbursements by him made; and that no officer in
the said company shall have any vote in the settlement or passing
his own account. |
1803.
CHAP. 64. |
5. AND BE IT ENACTED, That the said president
and directors,
and their successors, or a majority of them, shall have full powers
and authority, in their discretion, from time to time, as money
shall be wanted, to make and sign orders for that purpose, and direct
at what time, and what proportion, the proprietors shall advance
and pay of the sums subscribed, provided that not more than
the one third part of any one subscriber's share or shares shall be demanded
at the commencement of the work aforesaid, one third part
within one month thereafter, if necessary, and the other third part,
the balance of each subscriber, at the finishing of the work aforesaid. |
To make and sign
orders for money. |
6. AND BE IT ENACTED, That it shall and may
be lawful for
the said president and directors, or a majority of them, in case any
of the said subscribers shall neglect to make the payments on the
days stipulated and herein before mentioned, it shall and may be
lawful for the clerk of the county in which such defaulter shall reside,
and he is hereby directed, on the application of the said president
and directors, to issue an attachment, fieri facias, or capias
ad satisfaciendum, against the said person or persons making defaults,
for the sum of money by him due and unpaid, and the execution
so issued shall be made returnable to the court which shall
first sit after the issuing thereof, and shall be as valid and effectual
in law, to all intents and purposes, as if the same had issued on a
judgment regularly obtained, according to the common and ordinary
course of proceedings in a court of law. |
Attachment may
issue against subscriber
failing to
make payment. |
7. AND, to continue the succession of the said president
and directors,
and to keep up the same number, BE IT ENACTED, That
from time to time, upon the expiration of the said term for which
the president and directors were appointed, the proprietors of the
said company, at the next general meeting, shall either continue
the said president and directors, or any of them, or choose others
in their stead, and in case of the death, removal, resignation or incapacity,
of the said president, or any of the said directors, may
and shall, in manner aforesaid, elect any other person or persons
to be president and directors in the room of him or them so dying,
removing or resigning, and may, at any of their general meetings,
remove the president, or any of the directors, and appoint others
for and during the remainder of the term for which such person or
persons were at first to have acted. |
How vacancies are
to be filled. |
8. AND BE IT ENACTED, That every president,
director and
treasurer, before he acts as such, shall take an oath or affirmation,
for the due execution of his office. |
Oath to be taken. |
9. AND BE IT ENACTED, That after the first
meeting of the subscribers
at Saint-Martin's tavern as aforesaid, the attendance of
proprietors in person, or by proxy, having thirty shares at the
least, shall be necessary to constitute a general meeting of the proprietors,
and they shall meet on the first Wednesday in September
after the work aforesaid shall be completed, at St. Martin's tavern
but if a sufficient number should not attend on that day, the proprietors |
Proprietors having
thirty shares,
necessary to constitute
a general
meeting. |
|
 |
