THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.
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1835.
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Nourse, Charles Williams, Orlando Haniman, John
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CHAP. 326
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C. Baldwin and F. L. Wilsey, or a majority of them,
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at such times and places as they shall designate, giv-
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ing at least ten days' previous notice, in one or more
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newspapers, printed in the town of Cumberland, in the
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city of Washington, and such other places as they or a
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majority of them shall deem necessary, and each sub-
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scriber shall pay at the time of subscription, to the
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commissioners receiving the same, the sum of twenty
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$20 on each share
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dollars on each share, by him, her or them subscribed,
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and every person who shall so subscribe for, or become
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the owner of one or more shares of said stock, shall in
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virtue of such ownership, be a member of the said cor-
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poration, and shall be entitled at "all meetings of the
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stockholders, to one vote, in person or by proxy, for
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each share of the capital stock which shall be held by
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such person, and the shares of the said capital stock shall
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Transferable
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be assignable or transferable, and shall be considered
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as personal property.
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SEC. 5. And be it enacted, That the lands and mines
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Lands and mines a
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of the said J. L. Skinner, John R. Nourse, Charles
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part of capital
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Williams, Orlando Haniman, John C. Baldwin and
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F. L. Wilsey, shall constitute a part of said capital
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stock, at such prices as may be agreed upon between
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them on the one part, and such persons as may be here-
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after associated with them, and constitute the aforesaid
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corporation by subscribing for stock payable in mo-
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ney.
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SEC. 6. And be it enacted. That the capital stock of
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Capital stock
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said company shall consist of ten thousand shares, of
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one hundred dollars each, and no more, unless the
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company shall purchase and hold other coal and iron
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lands contiguous, in order to add to and to increase
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Power of increase
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the interest of said company in the premises, in which
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case the company may enlarge the amount of tiicir
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stock, five thousand shares for every thousand acres so
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added to the lands they now hold, and no further ad-
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dition shall be made to the amount of this stock on
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account of any further purchases they may make.
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SEC. 7. And be it enacted, That any company here-
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To pass over lands
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after formed shall have the privilege of passing over
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the lands of said Allegany Mining company, so as to
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