A. W. BRADFORD, .ESQUIRE, GOVERNOR.

quire similar statements from the President and
Directors, whose duty it shall be to furnish them
when thus required, and that at all general meet-
ings of stockholders, a majority in value of all the
stockholders in said company may remove from
office any President or any of the Directors of said
company, and may appoint others in their stead.

149

Sec. 10. And be it enacted, That the said Presi-
dent and Directors, or a majority of them, may ap-
point all such officers, engineers, agents or servants
whatsoever, as they may deem necessary for the
transaction of the business of the company, and
may 'remove any of them at their pleasure; that
they, or a majority of them, shall have power to
determine by .contract the compensation of all the
engineers, officers, agents or servants in the employ
of said company, and to determine by their by-
laws the manner of adjusting and settling all ac-
counts against the company, and also the manner
and evidence of transfer of stock in said company,
and that they, or a majority of them, shall have
power to pass all by-laws which they may deem
necessary or proper for exercising all the powers
vested in the company hereby incorporated, and
for carrying the obiects of this act into effect ;

Appointment
of officers.

provided, only, that such by-laws shall not be con-
trary to the laws of this State, or for any of the
provisions of this act.

Proviso.

Sec. 11. And be it enacted, That whenever it
shall be necessary for said company to have, use
or occupy any lands, materials or other property,
in order to the construction or repair of any part
of said road, or the works or necessary buildings,
the President and Directors of said company, or
their agents or those contracting with them for
making or repairing the same, may immediately
take and use the same, they having first caused
the property wanted to be viewed by a jury formed
in the manner hereinafter prescribed, and that it
shall not be necessary after such view, in order to
the use or occupation of the same, to wait the issue
of the proceedings upon such view, and the inquest
of the jury, after confirmation and after payment
or tender of the valuation, shall be a bar to all ac-
tions for taking or using such property, whether
commenced before or after such confirmation or
the payments of such valuation.

Privileges of
Company.