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Real Estate.
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SEC. 10. And be it enacted, That the president and
directors shall have power, to purchase and hold on
behalf of said company in fee simple or otherwise, such
lands and real estate, suitable for the erection of the ne-
cessary buildings, and other works for the accomplish-
ment of their undertaking, as they shall judge proper,
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Limit.
General Powers.
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not exceeding five hundred acres; to prepare or pro-
cure, adopt and execute such plan or plans as they shall
deem most advantageous and effectual for establishing
and carrying on milling and manufacturing, agreeably
to the object and provisions of this act; to appoint and
remove at their pleasure the secretary, superintendants,
agents or other officers, necessary for carrying on the
business of said company, and to fix their compensa-
tion; to make such contracts for labor, materials, en-
gines and machines, and All such purchases of land,
tenements or hereditaments, in fee simple or otherwise,
as they shall judge necessary for the legitimate ob-
jects of said company, also to contract for and obtain
on behalf of said company, all such privileges, per-
missions, rights and advantages of every kind and na-
ture whatsoever, as shall in their judgment become
necessary for said objects, and all the said lands, tene-
ments, hereditaments, materials, engines, machines,
privileges, permissions, rights and advantages, to sell
again, let, hire or otherwise dispose of in whole or in
part, for the benefit of said company, in such manner
and on such terms and conditions as shall at the time
appear to them most advantageous, and all proper and
needful conveyances, assurances, contracts and deeds
therefor, to make and execute; to receive, use, dispose
of and employ for the purposes aforesaid, or any of
them, all the capital stock, money, property and funds
of the said company, of every nature and kind what-
soever, keeping and rendering to the stockholders at
each annual meeting for the choice of directors, a par-
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