PRIVATE ACTS—CHARTERS. 57

SEC. 4. And be it enacted, That on or before the first day of April
next succeeding the passage of this act, the parties hereinbefore men-
tioned as Trustees, and hereby incorporated, shall meet at the said
Church, and organize themselves by electing from their own body a
President and Secretary, whose duties and powers shall be severally
defined by the by-laws hereinbefore provided for.

SEC. 5. And be it enacted, That all lands and tenements, with the
appurtenances, now vested in the said Trustees by virtue of the afore-
said deed from said Martha A. Torbert and Jane Torbert, and all per-
sonal property, fixtures and furniture now held by them shall, from and
after the passage of this act, be vested in the said body corporate here-
by created, and their successors forever, with the same powers in regard
to the transfer or mortgaging thereof, as are conferred by said deed,
and subject to all the restrictions and reservations stipulated and re-
served therein.

SEC. 6. And be it enacted, That the said corporation shall be and
they are hereby authorized to hold by gift, devise, bequest or purchase,
any other real, personal or mixed property, not exceeding fifty thousand
dollars in value, and shall have full power and authority to bargain and
sell, lease and convey the same in as full and effectual manner as any
person or body corporate might do; and all deeds for the conveyance
or mortgage of any property by said corporation, shall be signed by the
President, and attested by the Secretary, with the corporate seal thereon
affixed.

SEC. 1. And be it enacted, That for the purpose of raising the means
of paying off any existing indebtedness, or of defraying the expense of
any extension or repairs upon the building or premises now held or of
constructing any new building, either on the land now held or which
may be hereafter acquired, it shall and may be lawful for the said cor-
poration to issue stock, not exceeding in the aggregate the sum of five
thousand dollars, in shares of ten dollars, said stock to be a lien on all
the real estate of said corporation; the certificates of said shares of
stock to be signed by the said President, and attested by the Secretary,
sealed by the corporate seal; provided, that nothing herein contained
shall be construed to confer banking powers upon said corporation, or
to authorize them to issue anything to be used as currency or a circu-
lating medium.

SEC. 8. And be it enacted, That said stock shall be transferable only
on the books of said corporation.

SEC. 9. And be it enacted, That the Legislature hereby reserves the
right to alter, amend or repeal this act of incorporation at pleasure.

SEC. 10. And be it enacted, That this act shall take effect from the
date of its passage.