JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 347

SEC. 6. And be it enacted, That the president and directors, first to be chosen as aforesaid, shall procure certificates, to be written or printed, for all the shares of stock of the said company, and shall deliver. one such certificate, signed by the president and countersigned by the secretary, and sealed with the seal of the corporation to each person for every share by him or her subscribed or held, which certificate shall be transferable in person or by attorney in presence of the president or secretary, subject however to the payments due and that may become due thereon; and the assignee holding any certificates, having caused the assignment to be entered in a book of the company, which shall be kept for that purpose, shall be a member of the Company, and for every certificate so held shall be entitled to one share of the capital stock, and of all the estate, benefits and emoluments of the company, and to vote, as aforesaid, at the meeting thereof.

Procure certificates of stock.

SEC. 7. And be it enacted, That the president and directors shall meet at such times and places, and be convened in such manner as shall be agreed on for transacting the business of the company, and a majority shall be a quorum, who in the absence of the president may choose a chairman, and shall keep minutes of all their transactions fairly entered in a book, and a quorum being met they shall have full power and authority to agree with and appoint such superintendent or agents as they shall deem necessary to carry on the said bridge, and to contract and agree for materials and all such articles as may be necessary to build or repair said bridge, and to draw orders on the treasurer for the payment of labor employed and all materials needed in the construction or repair of said bridge, with full power to pass such by-laws as may be necessary, under this act, for the proper regulation and management of said bridge.

Meetings.

SEC. 8. And be it enacted, That if any stockholder shall refuse or neglect to pay any balance or instalment that may be due on any share or shares by him, or held at the times and periods required by the president and directors, and shall so neglect or refuse tor thirty days thereafter, every such stockholder, or

Refusal or neglect to pay.