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Young, William Ambruster, George Reisohleim,
G. H. Ohr, Henry Bloomenour, John R. Crusen,
John T. Johnson, Jas. A. Furguson, George W.
Hoover, and Joseph H. Ways, or a majority of
them, may determine, of which three weeks notice
shall be given in one or more newspapers published
in the place where said subscriptions are proposed
to be received, which subscriptions may be paid for
in lands or other property adapted to the business
of said association, at valuations agreed upon by
the subscribers, and the persons receiving the sub-
scriptions, and the stockholders shall have one
vote each, in person or by proxy, for every share
of stock each of them may own at the time of
voting, and the subscribers shall be authorised to
act as a corporate body whenever one hundred
shares of capital stock are subscribed, and if
a sufficient number of shares to constitute the sub-
scribers a corporate body are not subscribed at the
first time and place designated by the said before
named corporators, they or a majority of them,
shall have power to receive further subscriptions
from time to time, at such other times and places
as they or a majority of them may designate, giving
notice thereof as hereinbefore required, and if a
sufficient number of shares shall not be subscribed
to carry on as fully as desired, the lawful business
of the association, the President and Directors
thereof may receive further subscriptions thereto
at such times and places, and in such manner as
they may determine, and there shall be paid at the
time of subscribing the sum of two dollars and fifty
cents a share on every share of stock subscribed,
or it shall not be deemed a subscription, and the
residue of the par value of each share of said stock
shall be paid by the respective subscribers in such
instalments and at such times as the President
and Directors of said association may by general
assessments or calls determine, and said calls shall
be a lien on said stock subscribed, which may be
forfeited and sold for the benefit of said association,
whenever the subscribers thereto shall fail to pay
said calls or instalments for thirty days alter writ-
ten notice of said calls or assessments, and the sub-
scribers shall also be liable in a personal action for
said calls or instalments.
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