LLOYD LOWNDES, ESQUIRE, GOVERNOR.

year thereafter, except the same shall happen on Sunday, and
in that case, on the succeeding day, shall elect by ballot from
among the said stockholders, one president and i'our directors
to serve for one year from the day of their election, and until
the election of their successor . And the president and direc-
tors for the time being shall give public notice for a new elec-
tion at least fifteen days previous to the expiration of the time
for which they are elected, and in every election aforesaid,
each stockholder shall be entitled to one vote for each share of
stock by him, her or them held, and in case it shall happen
that an election of president and directors should not be made
upon any day when pursuant to the provisions of this act, such
election should have been made, said corporation shall not for
that cause be dissolved, but it shall be lawful on any other day
within thirty days, to hold and make an election as aforesaid.

811

SEC. 7. And be it enacted, That the president and directors,
or a majority of them, should have full power and authority
to call upon the subscribers to the capital stock of said com-
pany for the payment of the respective amounts subscribed
for in instalments of such amount and at such times as the
board may appoint; provided, that they shall give public
notice of the day on which the payment shall be made at least
fifteen days previous to said day; and in case any stockholder
shall refuse or neglect to pay such portion of his, her or their
subscription, at that time appointed, the president and direc-
tors may proceed to recover the same by due process of law.

Payment of
subscrip-
tions.

SEC. 8. And be it enacted, That all money belonging to
said company shall be paid into the hands of the treasurer of
said company, and the same shall be paid out by him on the
order of the president and directors, signed by the president.

Custody ot
funds.

SEC. 9. And be it enacted, That the president and directors,
or a majority of them, shall have full power and authority to
contract for and cause to be erected the bridge aforesaid, and
are authorized to select such site for said bridge, at or near
said "White Haven Ferry," as they, or a majority of them,
may deem most safe and convenient; and they, or a majority
of them, shall have full power and authority to agree with
and appoint such engineers, superintendents and other officers,
as they may think necessary to construct said bridge, and to
contract and agree for materials and all such articles as they
may deem necessary, and may draw upon the treasurer of said
company for money to pay the wages or salaries of all persons

May erect
bridge.