PHILIP F. THOMAS, ESQUIRE, GOVERNOR,

1847.

become the owner, or any instalment thereof, at the time
and place prescribed by the president and directors, it
shall be lawful for the company, in any court of record
or before any justice of the peace in this State, to recov-
er from any delinquent stockholder, or his or her repre-
sentatives, the amount that may be due from him, her or
them, respectively, to said company, and that such delin-
quent shall receive no dividend nor shall have power to
transfer or vole upon his or her stock until the whole
amount of subscription, or such parts as may have been
called for, shall have been paid, with the interest that
may have accrued thereon, from the time or times at
which such payment or payments should have been made.

CHAP. 99.

SEC. 8. And be it further enacted, That if said
company shall at any time incur debts to double the
amount of their capital paid in and assets in hand, then
this charter shall be forfeited, and each and every direc-
tor of said company who shall consent to or connive at
the contracting of any debt, or to any further operation
of said company, except such operations as may be ne-
cessary towards winding up its concerns, after the said
company shall have contracted debts to double the
amount of its capital paid in, and the property and cre-
dits thereof, shall be deemed guilty of fraud, and shall be
held answerable individually, in person and estate, for all
and any of the debts and undertakings of said company,
but the stockholders of said company as such shall not
be individually responsible for the debts, dues, contracts,
obligations or undertakings of said company, or any of
them, unless fraud can be proved on the part of the
stockholders sought to be charged.

Directors re-
sponsible in
case of fraud.

SEC. 9. And be it further enacted, That this charter
shall continue in force for fifty years; provided, that no-
thing in this act shall be construed as to authorise said
corporation to issue any note, token or scrip, device or
other evidence of debt to be used as a currency, and
that the legislature reserves to itself the right to alter,
amend or repeal this act of incorporation at pleasure.

In force.
Proviso.