JOSEPH KENT, ESQUIRE, GOVERNOR.
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1827
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ed, but it shall be lawful on any other day to hold and make
an election of directors in such manner as shall be regulated
by the by-laws or ordinances of the said corporation, ard in
case of the death, resignation or removal of a director, the
said directors shall elect another person to supply such va-
cancy for the remainder of the year; and in every election for
directors, each stockholder shall be entitled to one vote for
every share by him or her held.
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CHAP. 121.
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SEC. 4. And be it enacted, That the said president and di-
rectors shall be authorised to make such by-laws, rules, orders
and regulations (not inconsistent with the laws of this state)
as shall be necessary for the well ordering and directing the
affairs of the said company, and also to appoint a treasurer
during their pleasure, who, before he proceeds to act as such;
shall give bond with approved security to the president and
directors in such manner as they shall appoint, with condition
for the faithful discharge of the duties of his office.
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Powers of directors
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Sec. 5. And be it enacted, That the said stockholders and
their successors, from the time of the first meeting before
mentioned, shall and are hereby declared to be incorporated
by the name of the Bohemia Bridge Company, and by that
name may sue and be sued, implead and be impleaded, answer
snd be answered unto, in any court of law or equity in this
state, and may make, have and use a common seal, and the
same break, alter and renew at pleasure.
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Incorporation—ti-
le-seal.
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SEC. 6. And be it enacted, That the president and directors
first to be chosen as aforesaid, shall procure certificates, to be
written or printed, for all the shares of stock of the said com-
pany, and shall deliver one such certificate, signed by the
president and countersinged by the treasurer, and sealed with
the seal of the corporation, to each person for every share by
him or her subscribed or held, upon payment to the treasurer,
in part of the sum due thereon the sum of five dollars for
each share, which certificate shall be transferable in person, or
by attorney, in the presence of the president or treasurer, sub-
ject, however, to the payments due, and that may become
due thereon, and the assignee holding any certificate, having
first caused the assignment to be entered in a book of the
company, which shall be kept for that purpose, shall be a
member of the corporation, and for every certificate so held,
shall be entitled to one share of the capital stock, and of all the
estates, benefits and emoluments of the company, and to vote
as aforesaid at the meetings thereof.
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Certificates of stock
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SEC. 7. And be it enacted, That the president and direc-
tors shall meet at such times and places, and be convened in
such manner as shall be agreed on, for transacting the busi-
ness of the company, and a majority shall be a quorum, who,
in the absence of the president, may choose a chairman, and
shall keep minutes of all their transactions fairly entered in a
book, and a quorum being met, they shall have full power and
authority to agree with, and appoint such engineer, sqper-
intendants, artists, and other officers as they shall think ne-
cessary to carry on the said bridge, and to contract and agree
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President and di-
rectors to organize
—make contacts
require payments
&c.
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