LLOYD LOWNDES, ESQUIRE, GOERVNOR.

787

SEC. 8. And be it enacted, That the stock of this corporation
may be assigned or transferred on the books of this corporation
in person or by attorney only, but no stockholder indebted to
the corporation shall be permitted to make a transfer of his
stock or receive any dividend until such debt is paid or secured
to the satisfaction of the president and directors.

Transfer of
stock.

SEC. 9. And be it enacted, That the said company shall have
authority and may take insurance on any kind of property
against loss or damage occasioned by lightning, whether fire
snail result therefrom or not, and may make such by-laws and
regulations concerning liability for loss or damage by lightning
as may be deemed necessary.

May Insure
against
lightning.

SEC. 10. And be it enacted, That the directors may call a gen-
eral meeting of the stockholders for any purpose relating to
the affairs of the corporation by giving at least ten days' notice
thereof in one or more of the newspapers published in Worces-
ter county, and by written or printed notices mailed to the
stockholders; they may be required on the written application
of the shareholders holding a majority of the shares of stock
to call a general meeting of stockholders, and in case of their
refusal or failure so to do, the said shareholders holding a ma-
jority of the shares of said stock may call such general meet-
ing as hereinbefore mentioned, and in case of their refusal so
to do, the said shareholders holding two hundred and fifty
shares or more of stock may call such general meeting in the
manner above mentioned.

General

meetings
of stock-
holders.

SEC. 11. And be it enacted, That nothing in this act shall be
so construed as to authorize the said corporation to issue any
note, token, scrip or evidence of debt to be used as currency,
and the Legislature hereby reserves the right to alter, amend or
repeal this act or any part thereof.

Not to Issue
scrip, etc.

SEC. 12. And be it enacted, That this act shall take effect
and have full operation from the date of its passage.

Approved April 4, 1896.

Effective.