T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

SEC. 5. And be it enacted, That at such elec-
tion and at all meetings of the said stockholders,
each share of the capital stock of the said corpora-
tion shall entitle the holder of such share to one
vote.

CHAP. 270.

One vote for
each share of
stock.

SEC. 6. And be it enacted, That the said direc-
tors shall manage the business of the said corpora-
tion, and shall have power to prescribe the evidence
of ownership and transfer of shares of stock in the
said company; to provide for the appointment, em-
ployment, compensation and dismissal of all such
officers, agents, laborers and servants as they shall
deem necessary; to provide for making all contracts,
agreements and deeds in the name and on behalf of
the corporation, and for using the corporate seal
thereof, and to make all such by-laws, orders and
regulations as shall be necessary for the exercise
and use of the powers and privileges hereby given to
the said corporation, and the same from time to
time, to alter and repeal; the action of the said board
of directors, however, to be under and subject to
the control of the stockholders in any general
meeting assembled, called at the instance of the
holders of one-third in number of shares of said
stock, and upon ten days notice thereof.

Affairs of the
company —
how man-
aged.

SEC. 6. And be it enacted, That the shares of the
capital stock of the said corporation shall be deemed
personal estate and when any person shall be di-
vested of all his stock by transfer or otherwise,
he shall cease to be a member of the said corpora-
tion.

Stock deemed
personal es-
tate.

SEC. 7. And be it enacted, That the said cor-
poration shall not exercise banking privileges or
issue any note, token or scrip to circulate as cur-
rency.

No banking
privileges.

SEC. 8. And be it enacted, That this act shall
take effect, from the day of its passage.

In force.