ROBERT BOWIE, ESQ. GOVERNOR.

119

them shall appoint another person to supply his place
until the next election; and in every election for direc-
tors, each stock-holder shall be entitled to vote as fol-
lows: for every share from one to ten, one vote each;
every share above ten, and not exceeding twenty,
one vote for every two shares; and every share above
twenty, one vote for every live shares.

1812.

4. AND WHEREAS, The persons who have as-
sociated themselves for building a bridge as aforesaid,
have chosen Solomon Brown, Thomas Saulsbury,
Anthony Ross, William Potter, Thomas Style,
diaries Jones and James Wilson, junior, as presi-
dent and managers on their behalf, who have pro-
ceeded to take subscriptions, collect money and con-
tract for materials, and for erecting said bridge: —

Preamble,

Therefore, BE IT ENACTED, That all contracts,
proceeding and doings of the said president and man-
agers relating to said bridge, be, and is hereby ratifi-
ed and confirmed, and that immediately after the first
election of directors, in pursuance of this act, all the
powers and authorities of said president and mana-
gers, as such, shall cease and determine; and the said
president and managers be, and they are hereby di-
rected to pay over and deliver up to the president and
directors, or their order, all money, books, papers,
accounts, contracts and proceedings relating to said
bridge, and the president and directors shall have
power to conduct and carry on the same agreeably to
the provisions of this act.

Contracts, &c.
of president
and managers
ratified After
the first elec-
tion of direc-
tors, the pow-
ers of the pre-
sident and man-
agers shall
cease. Money,
books, &c. shall
be delivered
over.

5. AND BE IT ENACTED, That the pre si dent
and directors for the time being, shall have power to
appoint a treasurer, secretary, toll-gatherer and such
other officers and servants as they shall deem neces-
sary, and may demand such security as they shall ap-
point, for the faithful discharge of the trust and du-
ties of such officers respectively.

President and
directors em-
powered to ap-
point treasurer,
secretary j &c.

6. AND BE IT ENACTED, That the president
and directors first to be chosen as aforesaid, shall
procure certificates to be written or printed for all the
shares of stock of the said company, and shall deliver
one such certificate signed by the president and coun-
tersigned by the secretary, and sealed with the seal of
the corporation, to each person, for every share by
him or her subscribed or held; which certificate shall
be transferrable in person or by attorney, in presence
of the president or secretary, subject however to the
payments due and that may grow due thereon; and
the assignee holding any certificate, having first caused
the assignment to be entered in a book of the compa-

Proprietors of
shares shall be
furnished with
certificates sign-
ed by the presi-
dent and secre-
tary Certificates
shall be trans-
ferable, &c.