THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

quest of the holder of the said funded debt to the trus-

tees after ten days notice in the city of Philadelphia,

CHAP. 286.

and on the transfer of any debt, a new certificate shall

he issued to the person entitled, and the old certificate

shall be surrendered to the' company, and every trans-

fer shall be made on the books of said company, either

in person or by attorney appointed in writing in pres-

ence of two witnesses, on the face of every certificate,

for any part of the debt due to said John Ramlel Jun-

ior, or his assigns, it shall be stated how much of the

collateral indemnity in the hands of the trustees, the

holder is entitled to for the security of his or their share

of the debt.

SEC. 4. And be it enacted, That a mortgage shall

Mortgage

be made and executed by the said President and Direc-

tors to Trustees for the security of all such of the

said creditors as shall take out certificates of debt un-

der this act, and that upon issuing such certificates

the old certificates shall be surrendered to the, compa-

ny; Provided, that nothing in this act contained shall

Proviso

be construed to legalise, sanction, or confirm any loan

made to or sum borrowed by said company, before the

creditor or claimant thereof shall have received a cer-

tificate in pursuance of this act.

SEC. 5. And be it enacted, That at any time after the

Meeting;

passage of this act, it shall be lawful for the said Pre-

sident and Directors to convene the stockholders of

said canal company on ten days notice, published in

two daily newspapers in each of the cities of Philadel-

phia and Baltimore, and the meeting so assembled,

Acceptance

if there be persons holding five hundred shares of stock

present or represented, shall have power to take into

consideration and decide upon the acceptance of this

act as a part of their charter, and then and there to

decide all questions which could bo decided at their

annual general meeting, and if by the vote of the said

stockholders either then or at any future general meet-

ing it shall be so ordered and directed, the creditors of

said company shall in all future elections of officers

Voting

and upon all other questions, vote with the said stock-

holders in proportion to their several and respective

47