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Session Laws, 1864
Volume 531, Page 235   View pdf image (33K)
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A. W. BRADFORD, ESQUIRE, GOVERNOR.

hundred shares the persons then holding or own-
ing" burial lots in said cemetery shall become equal
members of said corporation with the remaining
stockbolders, and entitled to an equal participa-
tion in all the rights, privileges, franchises, pro-
perty and estate real and personal, of the said cor-
poration, derived under this charier, with the said
remaining stockholders, and entitled to vote at any
subsequent election for said President and Mana-
gers, giving one vote for each lot held in said
cemetery; but the said remaining stockholders
shall have a lien on the real estate of said corpo-
ration, not disposed of for burial purposes, for pay-
ment of their said stock and interest, and shall be
entitled to receive six per centum per annum divi-
dend on their said stock before arty dividend can
be made among said lot holders; and said refrain-
ing stockholders, when the amount of their stock
shall be reduced below one hundred shares, may
be severally excluded from all participation in the
affairs of said corporation, where they refuse to re-
ceive payment, by the tender to each of them, in
current money, of the amount of their stock, at par
value, with legal interest thereon, less dividends
receivefl as aforesaid; it being the intention of this
act that the rqoney advanced by the original stock-
holders shall be paid to them, with not, exceeding
six per centum interest thereon, and that the lot
holders in said .cemetery shall become eventually
the only proprietors of said cemetery, the full suc-
cessors of the original corporators herein named,

235

and the exclusive members of said corporation ;
and whereas, it has been represented to this Gen-
eral Assembly that the charter of the Trustees of
the Westminister General Meeting House, passed
by the General Assembly of this State, May twenty-
fourth, eighteen hundred and thirteen, has ex-
pired, by failure, for many years, to elect said
Trustees: that all evidence of membership, or of
individual rights, in said corporation has been lost;
that said meeting house has been long since de-
serted, as a regular place of worship, by all reli-
gious denominations; that said meeting house is
in a ruinous condition and unfit for use, and that
the public burying ground connected therewith is
equally in want of some superintending care; and
whereas also, the persons hereby incorporated have

Preamble.



 
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Session Laws, 1864
Volume 531, Page 235   View pdf image (33K)
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