WILLIAM GRASON, ESQUIRE, GOVERNOR.

183S.

missioners, to wit: Henry Seyday, Jonathan Shafer,
and William Boothe, on the first Monday in August

next, and continue open for three days inclusive; and
in the event of twenty-two hundred shares of stock not
being subscribed for at the expiration of the said three
days, in the manner hereinafter provided; that then,
and in that event, the said commissioners, or a majori-
ty of them, are hereby authorised and empowered to

CHAP. 383.

Commissioners na-

med.

Open books.

cause said books to be re-opened at such times or places,
as they or a majority of them shall think proper, un-
til managers of the company are elected, in the man-
ner hereinafter mentioned, unless in the mean time the
capital stock of fifty-five thousand dollars be subscri-
bed for.

And re-open.

Sec. 3. And be it enacted, That when the said twen-
ty two hundred shares of stock shall have been sub-
scribed for, the commissioners aforesaid, or a majori-
ty of them, shall give three weeks public notice, in one
or more of the newspapers, printed in Hagerstown or
Chambersburg, Pennsylvania, of the time and place to
be designated by them, for the subscribers to meet for
the purpose of organising said corporation, choosing

Meeting to organ-

ize.

by a plurality of votes, by ballot, a president and five
managers, three of whom shall be a quorum, a treas-
urer, and such other officers as they shall deem neces-
sary, for conducting the affairs of said company, until
the second Monday in June thereafter, and until a new

Choose officers.

election, and for making such bye-laws, rules, orders,
and regulations, as do not contravene the constitution
and laws of this State, or of the United States, and may
be necessary for the well governing the affairs of said
company; and that at such meeting for election, or in
determining any question arising at any subsequent
meeting, every person or body politic, holding shares,

Make by-laws.

shall be entitled to vote as follows, that is to say. for
every share so held not exceeding three, one vote each;
for any number of shares greater than ten, and not ex-
ceeding fifty, seven votes; for any number of shares
greater than fifty and not exceeding one hundred, ten
votes; and for every additional hundred shares above
one hundred, ten votes; provided, that no person or
body-politic, shall have more than thirty votes, vhat-
ever number of shares, he, she, it, or they, may be enti-
tled to.

Voles rated.