JAMES THOMAS, ESQUIRE, GOVERNOR.

1832.

but mileage shall not be allowed for more than three days
attendance; the clerk of said court shall receive such fees
as are given tp him by law for like services.

CHAP. 225.

Sec. 16. And be it enacted; That the said President and
Directors, or a majority of them, are hereby authorised to
agree with the owner or owners of any lands or tenements,

Authority to make

contracts for lands

&c

for the purchase of any land, at or near convenient places
for the receipt of tolls aforesaid, for the purpose of erect-

For toll houses, &c

ing the necessary buildings; and in case of any disagree-
ment, or any of the disabilities aforesaid, or the owner or
owners being out of the state, then such lands may be va-
lued, condemned and paid for in the same manner, and by
the same mode of proceeding as directed in the foregoing

Proceedings as in

foregoing section.

section, and the said company shall, upon payment of the
valuation money of the said land, be seized thereof in fee
simple, as fully and effectually as mentioned in said sec-
tion.

Rights vested.

Sec. 17. And be it enacted, That the shares of the cap-
ital-stock of the said company shall be personal property,
and shall be assignable in such manner as shall be regula-
ted by the by-laws, and subject thereto.

Shares personal

property

Sec. 18. And be it enacted, That if the said capital shall
prove insufficient to accomplish the beneficial purposes in-
tended by this act, it shall and may be lawful for the said
President and Directors, or a majority of them, at any sta-
ted meeting under the by-laws, to increase the capital stock
of the said company, by the addition of as many shares as
they may deem necessary; for which purpose they shall be

Authority to in-

crease captial

at liberty, as may appear most advisable for the interests of
the said company, either to open books and receive sub-
scriptions, in such manner as they may deem expedient, or
to sell all or any such additional shares for the benefit of
the said company, for any sum or suras of money not un-
der the par value of such shares, to wit: not under the sum
of twenty dollars for each share; and the said President and

Open book, of
subscription.

Directors, or a majority of them, shall have power to bor-
row money for effecting the beneficial purposes of this act,
and to issue certificates or other evidence of loan, and to

To borrow money

pledge the property of the said company for the payment
of the same, and interest thereon; provided nevertheless,
that the increase and addition of, and to the capital stock
of the said company, to be made as aforesaid, shall not ex-
ceed five hundred thousand dollars.

Limit 300,000 dolls.

Sec. 19. And be it enacted, That the said corporation,
created by this act, shall not be dissolved through a failure
of the stockholders to hold any meeting as prescribed by

Omission not to

cause forfeit of

charter