EDWIN WARFIELD, ESQ., GOVERNOR.

1273

hereinbefore provided for, and on the same day in every
second year thereafter, except the same shall happen on Sun-
day, and in that case, on the succeeding day, shall elect by
ballot from among the said stockholders, one president and
four directors to serve for one year from the day of their
election, and until the election of their successors; and the
president and directors for the time being shall give public
notice for a new election 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.
SEC. 7. And be it enacted, That the president and directors

CHAP. 751

Election of
president
and directors

or a majority of them shallhave 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 or stockholders shall refuse or neglect to pay
such portion of his, her or their subscription at that time
appointed, the president and directors may proceed to recover
the same by due process of law.

Authority to
call upon
subscribers
to capital
stock: for
payment of
their sub-
scription.

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.
SEC. 9. And be it enacted, That the president and directors,

All moneys
paid into
the hands of
the treasurer

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
Round bay 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

Authority to
contract for
erection of
said bridge,
etc.