THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

ing of the stockholders, held on the first Monday of Ju-

ly, and oftener, if thereto required by a majority in

CHAP. 222 Annual report

interest of the stockholders, present to the stockhold-

ers a full report of all their transactions, and of the

state of the affairs of the company, and they shall cause

public notice of at least ten days, to be given of all ge-

neral meetings of the company, and every president

Oath of office

and director of said company, before he acts as such,

shall swear or affirm as the case may be, that he will

well and truly discharge the duties of his said office,

to the best of his skill and judgment; and whereas, it

Preamble

it represented to the General Assembly, that the said

William Hughlett is willing to convey to the said com-

pany the land and water power herein before mention-

ed, or such part thereof as may be desired by said com-

pany, and to receive in payment therefor, stock of said

company, at the par value thereof, whereby the purpo-

ses of this incorporation may be greatly facilitated;

Be it therefore enacted, that the said William Hughlett

Option to Will late Hughlett

shall have the privilege and option of subscribing for

such number of shares of the stock of said company, as

may be equivalent to the price agreed upon, in the

manner hereinafter provided for; and whensoever the

Conveyance deem-ed payment of

said William Hughlett shall have duly conveyed to the

subscription

said company, the said land and water power, or such

part thereof as may be desired by the said president

and directors, the same shall be taken and received by

the said company, in full payment and discharge of his

said subscription, and shall thereafter be and consti-

tute a part of the capital stock of the said company,

subject to be disposed of in like mariner, with the resi-

due of their stock and property; Provided, that the said

Proviso

William Hughlett shall, when thereto required by the

president and directors, enter on the books of the com-

Entries required

pany, a statement, under his hand and seal, showing

the number of shares of stock which he requires in ex-

change for his said property, together with a minute

specification and description of the property and pri-

vileges intended to be conveyed to them; and provided,

Instruments of writing

further, that the said William Hughlett will before the

books of subscription are opened, execute and deliver

to his associates, an instrument of writing, under his