|
|
|
|
|
JAMES THOMAS, ESQUIRE, GOVERNOR.
|
1832.
|
|
|
Sec. 4. And be it enacted, That the president and di-
rectors of the said Company, or a majority of them, shall
have full power, and they are hereby authorized, from time
to time, and as often as they may deem necessary, to in-
crease the capital stock of said company, by creating
shares and receiving subscriptions therefor, or in such other
manner as they may deem expedient and proper; Provided
nevertheless, that the capital stock of said company shall
never exceed the sum limited and fixed by the act to which
this is a supplement.
|
CHAP. 83.
Authority to
increase capital
|
|
|
Sec. 5. And be it enacted, That until any increase of
stock shall have been made, each stockholder shall be en-
titled to one vote and no more, in all elections for Presi-
dent and directors of said Company; and that from and
after any such increase, each stockholder shall be entitled
to one vote for each and every share of stock, owned and
|
Voters regulated
|
|
|
Sec. 6. And whereas, one undivided fifth part of the
lands upon which the said Warren Factory and other
buildings are erected, and of the said Factory, and build-
ings, is owned and held by an individual or individuals,
and not by the Company heretofore incorporated by the
act to which this is a supplement, and it is right and pro-
per and will be beneficial to all the parties concerned,
that such individual or individuals should be authorized to
become a member or members of said Company, upon
|
Preamble.
|
|
|
reasonable and just terms; — Therefore, be it enacted, That
on the execution of a good and sufficient deed by the
owner or owners of the said one undivided fifth part of
the premises aforesaid, whereby he, she or they shall con-
vey to the Warren Manufacturing Company, all his, her or
their said one undivided fifth part of the said lands, factory,
buildings, and improvement, with all and singular the pri-
vileges, advantages, and appurtenances thereto belonging,
free and clear of all incumbrances; and upon his, her, or
their paying to the other stockholders of said Company
the one-fifth part of the expenses and costs incurred by
them, in erecting, altering, or repairing buildings and ma-
chinery on said premises, he, she, or they shall be entitled
to become and be members of the said Warren Manufac-
turing Company, and shall have and be entitled to like pri-
vileges and advantages as other members thereof, and
|
Individual owners
of real property
|
|
|
shall be entitled to a certificate or certificates for eight hun-
dred shares of stock in the capital stock of said Company,
in like manner as other stockholders are entitled thereto.
|
May became stock-
holders
|
|
|
|
|
|
|
|