T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

by this act; Provided, that nothing herein con-
tained shall authorise said company to hold more
than one thousand acres of land at any one time.

CHAP. 98.

Proviso.

SEC. 2. And be it enacted, That the capital stock
of said company shall consist of one hundred thou-
sand dollars, divided into ten thousand shares of
ten dollars each, which shall be distributed among
the corporators aforesaid in the following propor-
tions: to Josias Pennington, Augustus G. Peacht,
William S. Rayner, Charles W. Spilcker, George
H. Spilcker, Charles Spilcker, Werner Dresel, John
D. Kremelberg, William C. Pennington, Charles
Caspari, William Caspari, Otto H. Berg, Emil
Hirschfeld and William W. Kennedy, one twen-
tieth part of said stock, or five hundred shares
thereof each, and to William George Read two
twentieth parts thereof, or one thousand shares,
and the remaining four twentieth parts, or two
thousand shares, shall remain and be the property
of the company, to be disposed of hereafter, as they
may see fit; and every person or corporation who
shall become a holder of, or entitled to one or more
shares of said stock, shall thereupon become a mem-
ber of the Brooklyn company, hereby incorporated,
and every person or corporation, on being divested
of all shares of said stock by transfer or otherwise,
shall thereupon cease to be a member of said com-
pany.

Capital stock.

SEC. 3. And be it enacted, That the objects for
which the Brooklyn company is incorporated and
which the said company is hereby authorised to af-
fect, are the improvements in such manner as shall
be conformable to the laws of this State, and not
contrary to or inconsistent with any of the rights
or privileges of any citizen or citizens of this State
or of the United States, of any lands arid property
which shall belong to the said company, by laying
out the same or any part thereof, into lots, streets,
squares, lanes, alleys, and other divisions, and
erecting, constructing or making thereon all such
wharves, ships, boats and other vessels, work shops,
factories, warehouses, stores, dwellings, and such
other buildings and improvements as may be found
or deemed necessary, ornamental or convenient, and
letting, renting, leasing, selling or granting on
conditions or otherwise, or using any lot, or other
portion of any of the said lands for agricultural,
mining, or manufacturing purposes, or leasing,

The company
—its objects,
&c.