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Commission-
ers appointed,
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Sec. 6. And be it enacted, That John E. Long-
well, George Webster, and Henry W. Dell, of
Westminster, be and are hereby appointed Com-
missioners to ascertain, as soon after the passage
of this act as convenient, the number of shares and
the amount of stock subscribed by the several per-
sons named in the first section hereof, and to re-
take said subscriptions, and such further subscrip-
tions of stock as may be needed; and if either of
said Commissioners cannot or will not act their
places may be filled by the remaining corporators
above named; and as soon as three hundred shares
shall have been bona fide subscribed to said capi-
tal stock, and an instalment of at least one dollar
per share paid by said subscribers to said Commis-
sioners for the use of said corporation, for which
they shall give a sufficient receipt, they shall pro-
ceed to give two weeks notice, in the papers of
Westminster, of the time, place and object of an
election, to be held and conducted by them, for the
first Board of President and Managers of said cor-
poration; and at said election all subscribers to
Said stock who shall have paid an instalment
thereon, as aforesaid, shall be entitled to vote, giv-
ing one vote for each share of stock, and the per-
sons who shall receive the vote of a majority of
said stock voted at said election shall be declared
duly elected as President and Managers of said
corporation, and shall hold their offices until the
next annual election of their successors, to be pro-
vided for in the by-laws of .said corporation.
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Stock to be
exchanged.
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Sec. 7. And be it enacted, That the stockholders
of said corporation shall be allowed to exchange
their stock for burial lots in said cemetery — in
which case said stock, so exchanged, shall be can-
celled, and the said President .and Managers may
apply any surplus money on hand, received on sale
of burial lots, or otherwise, for the purchase and
cancellation of further stock in said company, al-
lowing always for such stock the amount origi-
nally paid thereon, with six per centum interest
from the time of payment, less dividends received
thereon; and when the amount of stock in said
corporation shall be thus reduced to less than two
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