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Session Laws, 1835
Volume 214, Page 548   View pdf image (33K)
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THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

than two of whom shall belong to the same denomination of Christians; that the board of trustees, or any

CHAP. 322.

Quantification

number thereof, shall be eligible to a re-election from

 

time to time, and shall enter upon their duties on the

 

Monday next ensuing such election, and that the board

Notice

aforesaid, shall cause public notice to be given of such

 

election ten days previous, and the same to be conduct-

Rules of election

ed by two justices of the peace of said county, and

 

those seven having the greatest number of legal votes

 

to be declared duly elected, and it shall be the duty of

 

the said justices holding such election, to continue the

 

polls open four hours, commencing at one o'clock P.

 

M. on said day, and certify upon the books or journal

 

of the trustees, the result of such election.

 

SEC. 4. And be it enacted, That at all times, and

Vacancies

forever hereafter, when any vacancy or vacancies shall

 

happen in the said community of trustees, by the death,

 

resignation, removal or the refusal of any one or more

 

of them to attend the meetings of the hoard of trustees,

 

for three successive meetings, without good cause, the

 

remaining trustees or a majority of them, shall with

 

all convenient speed, proceed to elect for the residue

 

of his or their time of appointment, other sensible or

 

discreet person or persons of the said county to he

 

trustee or trustees, to supply such vacancy or vacan-

 

cies; and in like manner shall all future vacancies be

 

supplied by the trustees, when such vacancy or vacan-

 

cies occur, and four of said board shall always be ne-

 

cessary to form a quorum for the transaction of busi-

 

ness.

 

SEC. 5. And be it enacted, That the stock shall bo di-

Capital, 1000 shares

vided into one thousand shares, at one dollar each

 

share; and that the number of votes to which each

Votes rated

stockholder shall be entitled, shall be according to the

 

number of shares he or she shall hold in the proportion

 

following, to wit: for one share, and riot more than

 

five, one vote for each share; for every two shares

 

above five, and not exceeding ten, one vote; and one

 

vote for every five shares above ten; and no share or

 

shares shall confer a right of suffrage which shall not

 

have been holden two calendar months previous to the

 

day of election, and all transfers of stock to be made

 


 
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Session Laws, 1835
Volume 214, Page 548   View pdf image (33K)
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