THOMAS W. VEAZEY, ESQUIRE, GOVERNOR. 1835.

declared to be one body politic and corporate, in deed	CHAP. 306.
and in law, by the name and style of the Town Hill	Name
Mining Manufacturing and Timber Company, and by
the same name shall have succession and shall be able
to sue and be sued, plead and be impleaded, to make
and use a common seal, and the same to alter and re-
new at pleasure, and the said company shall have full	Power to excavate
power and authority to excavate and further develope
the beds of minerals embraced in said tract of land
belonging to the said William Carroll, to erect the ne-
cessary works for carrying on the smelting and manu-
facturing of iron, or for extracting, purifying, or oth-
erwise preparing for market, any of the minerals, to
bring into market the timber growing upon,said estate.
and to erect creek mills, or other machinery as may be
necessary to the converting the same into lumber, to
open roads through the estate, to improve the bed of
fifteen miles creek, so far as the same may be judged
necessary by said company and generally to do all
such acts and things as lawfully appertain to the well
being of said corporation and for the managing and
ordering the affairs thereof.
SEC. 2. And be it enacted, That the capital stock of	Capital stoik
said company shall not be more than two hundred
thousand dollars, which shall be divided into shares of	Shares
one hundred dollars each, and that said subscriptions to	i
said capital stock may be received by the said William
Carroll to the amount thereof, and as soon as subscrip-
tions to the amount of fifty thousand dollars have been
received from not less than live individuals, and twen-
ty thousand actually paid in, the said company may be	Organization
organized by the election of President and Directors
as hereinafter provided, and every person who is or
shall become a proprietor of one or more shares of
said stock, shall in virtue thereof be, a member of said	Membership
corporation, and shall be entitled at all meetings of
the stockholders to one vote in person or by proxy,
for each and every share of the capital stock which
shall he held by such person, and the said capital stock
may in whole or in part consist or be vested in the
aforesaid lands of the said William Carroll, at such
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