A. W. BRADFORD, ESQUIRE, GOVERNOR.

Arms Company," and by that name shall and
may have perpetual succession, and be capable in-
law of purchasing, holding, improving and dis-
posing of property, real, personal and mixed, in-
cluding patent rights, both foreign and domestic,
for the purposes herein authorized, and may sue
and be sued, plead and be impleaded, answer and
defend, in all courts of law and equity, and may
make, execute and deliver, or have a cause to be
made, executed and delivered by or to them, and
whensoever and wheresoever they may please, all
deeds, transfers, grants, covenants, bonds, con-
tracts, agreements and bargains whatsoever, neces-
sary for the purposes and objects of said company,
and may have and use a common seal, and alter
and renew the same at pleasure, and generally
may do every other act or thing necessary to carry
into effect the objects and provisions of this act,
not inconsistent with the laws of this State or of
the United States, and may ordain or establish
such by-laws and regulations as may be necessary,
proper and convenient for conducting the affairs
of the corporation hereby created.

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Sec. 2. And be it enacted, That the objects and
purposes of this corporation are hereby declared to
be the manufacturing and selling, or causing to be
manufactured and sold, breech-loading fire arms
and the cartridges therefor, and that the capital
stock of the said corporation shall not be more
than a million of dollars, in shares of one thous-
and dollars each.

Objects and
purposes of the
corporation.

Sec. 3. And be impacted, That said corporation
shall, at no time, hold more than five hundred
acres of land, in fee simple or otherwise.

Conditions.

Sec. 4. And be it enacted, That for the manage-
ment of the affairs of the corporation, the stock-
holders shall annually elect five Directors, who
shall hold their office for one year, and until their
successors are elected, a majority of whom shall
form a quorum for the transaction of business, and
that the Directors shall appoint a President and
Secretary and such other officers as may hereafter
be deemed necessary, who shall hold their offices
for one year, and until their successors are ap-
pointed or they are dismissed by the stockholders
or officers of the company,

Officers to be
elected and ap-
pointed.