JAMES THOMAS, ESQUIRE, GOVERNOR. 1833

filments of the objects of this act; the said President and	CHAP. 46.
Directors being authorised at all times to receive such other and further subscriptions for the unsubscribed shares of the capital stock of said company as they may see proper, in such manner and upon such terms and conditions as they may deem most advantageous to the company.
Sec. 7. And be it enacted, That the President and Di- rectors of said company shall and may from time to time, make and adopt all by-laws, rules and ordinances for the government and direction of said company, and the affairs thereof, as the said board may judge necessary for carry- ing into effect the provisions of this law, provided the same be not repugnant to the laws of this state or of the United States.	Make by laws
Sec. 8. And be it enacted, That all contracts for the purchase and sale of property, or for the payment of mo- ney signed by the President and Secretary of the board of managers shall be obligatory upon the corporation.	Contracts obligato- ry
Sec 9. And be it enacted, That whenever a vacancy shall happen in the office of Directors by death, resigna- tion, removal from the county, or ceasing to be a stockhol- der, it shall be immediately filled up by-some person to be chosen from the remaining stockholders by ballot, by the other Directors to continue in office until the next regular election.	Vacancy
See. 10. And be it enacted, That the President and Di- rectors shall have power, to purchase and hold on behalf of said company in fee simple or otherwise, such lands and real estate, suitable for the erection of the necessary build- ings and other works for the accomplishment of their un- dertaking, as they shall judge proper, not exceeding five hundred acres; to prepare or procure, adopt and execute, such plan or plans as they shall think most advantageous and effectual for establishing and carrying on milling and manu- facturing, agreeably to the object and provisions of this act, to appoint and remove at their pleasure, the secretary, su- perintendants, agents or other officers, necessary for car- rying on the business of said company, and to fix their	Powers or Directors
compensation; to make such contracts for labor, materials, engines and machines, and all such purchases of land, ten- ements or hereditaments, in fee simple or otherwise, as they shall judge necessary for the legitimate objects of said com- pany, also to contract tor and obtain on behalf of said com- pany, all such privileges, permissions, rights and advanta- ges of every kind and nature whatsoever, as shall in their	General powers