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JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 347
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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 counter-
signed 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 certifi-
cate so held shall be entitled to one share of the cap-
ital stock, and of all the estate, benefits and emolu-
ments of the company, and to vote, as aforesaid, at
the meeting thereof.
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Procure cer-
tificates of
stock.
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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 ma-
jority 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 neces-
sary 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 em-
ployed 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.
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Meetings.
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SEC. 8. And be it enacted, That if any stockholder
shall refuse or neglect to pay any balance or instal-
ment 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
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Refusal or ne-
glect to pay.
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