DANIEL MARTIN, ESQUIRE, GOVERNOR.
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69
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successors and assigns, be and they are hereby incorporat-
ed and created a corporation and body politic, by the name,
style and title, of The Warren Manufacturing Company,
and by that name may have perpetual succession, and shall
be capable in law to sue and he sued, and to implead and
answer in any court of law or equity, to make and use a
common seal, and the same to alter at pleasure, and to do
and perform all such other acts, in relation to the objects
and purposes of their incorporation hereinafter declared,
and necessary for the exercise of the rights and powers
granted to the said corporation by this act, which any other
corporate body may lawfully do; Provided, that the same
shall not be repugnant to any law of this state or of the
United States.
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1830.
CHAP. 71.
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Sec. 2. And be it enacted. That the objects and purposes
of this corporation are declared to be the manufacturing
and vending of cotton or woollen goods, and the carrying
on any other manufacture necessary thereto, or connected
therewith, and none other; and for these objects and pur-
poses, the said corporation is hereby authorised and em-
powered to' purchase and hold one or more factories, and
lands not exceeding one thousand acres, in fee simple, or
for any other estate, and to erect buildings, and other im-
provements on such lands as may be deemed convenient,
and to procure by purchase, or other lawful means, all
kinds of necessary materials, goods and chattels, and the
same to use, lease, sell, or otherwise dispose of, as fully and
freely as any individual may lawfullv do.
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Objects of cor-
poration.
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Sec. 3. And be it enacted, That the capital stock of said (
company shall not exceed the sum of five hundred thou-
sand dollars, and shall he divided into shares of twenty-five
dollars each; and every person who shall become the owner
of one or more shares of the said stock by purchase, trans-
fer, demise, or in a course of distribution, shall thereupon
become a stockholder in the said company; and every per-
son who shall be divested of all his stock in the said com-
pany, by sale and transfer, or by operation of law, shall
thereupon cease to be a stockholder; and the said shares of
stock, as to all legal purposes, shall be deemed and consi-
dered as personal estate, and shall be assignable in such
manner, and under such restrictions, as the by-laws and
ordinances to be made by the president and directors, or a
majority of them, shall direct.
Sec. 4. And whereas the said Columbus O'Donnell,
John Merryman, John S. Gittings, and Frederick Daw-
son, are joint owners of four undivided fifths of sundry
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Capital.
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