A. W. BRADFORD, ESQUIRE, GOVERNOR.

person or by proxy for each share of stock held by
him, and in case a sufficient amount is not sub-
scribed to the capital stock of said company for its
lawful purposes, at such time as may be designated
by the said Douglaas Percy, Crawford W. Sharer
and William R. Percy, or a majority of them,
then further subscriptions may be from time to
time received to the said capital stock at such other
times and places as the President and Directors of
said company may appoint.

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Sec. 4. And be it enacted. That the affairs of
said company shall be managed by a President
and six Directors, who shall be chosen annually by
the stockholders to serve for one year and until
others shall be elected, and in case of any vacancy
occurring in the Presidency or Directors of said
company, the remaining Directors shall have
power to fill such vacancy until the next general
meeting of the stockholders shall be held, and
until the first election of Directors shall be held
as herein provided, the said Douglass Percy,
Crawford W. Shearer and William R. Percy, or
a majority of them, shall have full power and
authority to exercise all the corporate power of said
company.

Affairs — how
managed.

Sec. 5. And be it enacted, That a general meet-
ing of the stockholders shall be held as soon as
the company is organized, and thereafter at such
times and places as the said President and Direc-
tors of said company may determine.

Meetings.

Sec. 6. And be it enacted, That nothing herein
contained shall be construed to authorize the said
corporation to issue any note token or device to be
used as currency.

Banking pro-
hibited.

Sec. 7. And be it enacted, That the General As-
sembly reserves the right to alter amend or repeal
this act at pleasure.

Reservation.