WILLIAM GRASON, ESQUIRE, GOVERNOR

1838.

forfeited to the company, and may be sold by the di-
rectors for the benefit of the comply, or held by the
company as may be derived most advisable, but the
directors may remit any such forfeiting on such terms
as they shall deem proper.

CHAP. 79.

Sec. 14. And be it enacted, That at any general
meeting of the stockholders, either for the election of
directors or for other purposes, each stockholder shall

be entitled to one vote for every share of stock, bona

fide held and owned by him or her, but no share or

shares shall confer a right to vote, which shall not

have been holden four calendar months previous to the
days of such general meeting; the manner of calling
such general meetings shall regulated by the by-laws.

Right of voting

Sec. 15. And be it enacted, That all the estate and
property of said company, shall be bound and answer-
able for the contracts and engagements made, and lia-

Liabilities.

bilities incurred by said company, and the service of
any legal process, by any officer authorized by law to
serve the same upon any of its officers, shall be deem-

Service of process.

ed a good service upon said company; provided, That
if the said company shall contract any debt, or enter
into any engagements and liabilities beyond the amount
of the actual assets of the said company, at the time of
contracting such debts or entering into such engage-
ments or liabilities for all such debts, engagements and
liabilities, contracted and entered into beyond the said
actual assets of the said company as aforesaid, the
stockholders thereof, shall be bound and answer-
able in his, her, or their person, or persons, and
property, and may in his, her, or their persons

Individual respon-

sibility in case of

exceeding amount

of the capital.

and property respectively betaken in execution, on any
judgment against the said company, with the same ef-
fect as if the said debts, engagements and liabilities,
had been contracted and entered into in their individu-
al capacity; and if at. any time the person or property
of the said stockholders, or any or cither of them shall be
taken in execution for, and on account of any debts, en-
gagements or liabilities contracted or entered into be-
yond the amount of the actual assets of said company,
upon any suit at law arising thereon, in any of the
courts of this State, having jurisdiction of the same;
it shall and may be lawful by the said court, upon ap-
plication by any person or persons interested therein,

If taken in execu-

tion.