THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

SEC. 4. And be it enacted, That the shares of the said
capital stock shall be deemed and taken as personal pro-
perly, and shall be transferrable only on the books of said
company, and according to such regulations, as shall be
prescribed by the said trustees.

CHAP. 177.

SEC. 6. And be it enacted, That the trustees for the
time being, after such notice given as they shall deem
reasonable may from time to time call on the said sub-
scribers, at such times and places as the said trustees
shall appoint, until the whole amount of such stock is
fully paid up, and in case any subscriber shall refuse or
neglect to make such payment at the time and place ap-
pointed, it shall and may be lawful for the said trustees
to recover against such delinquent subscriber, the entire
balance due on the stock by him subscribed, by a judg-
ment to be rendered by a justice of the peace of the
county where he resides in favor of the said corporation;
the same form of proceeding in obtaining the said judg-
ment and enforcing the payment thereof, shall be used as
in cases of the recovery of small debts nut of court; pro-
vided, nothing herein contained shall be so construed as
to prevent either party from appealing to the county
court as is now allowed.

Trustees may

after notice
call upon sub-
scribers.

SEC. 6. And be it enacted, That no subscriber or
stockholder, or member of said corporation, or the trus-
tees thereof shall be answerable in his or their persons or
individual property, for any of its contracts or engage-
ments, or for any losses, deficiencies or failures of the
capital stock of said corporation, but the whole of the
capital stock, together with all property, rights and cre-
dits belonging to the said institution, and nothing more
shall at all times be answerable for the demands against
it.

Not liable to
person.

SEC. 7. And be it enacted, That nothing in this act
shall be so construed or taken as to allow the said cor-
poration to issue any note, token, scrip or device to be
used as a currency.

Issues forbid.

SEC. 8. And be it enacted, That this act of incorpo-
ration shall enure for twenty years from its passage;
and that the legislature reserves to itself the right to
alter or annul this act of incorporation at pleasure.

To enure for
20 years.