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Session Laws, 1835
Volume 214, Page 368   View pdf image (33K)
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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

 


 
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Session Laws, 1835
Volume 214, Page 368   View pdf image (33K)
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