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manufactories of wool, cotton and linen cloths, by
means of labor-saving machines.
3d. To make all by-laws, rules and regulations, ne-
cessary for the well ordering and conducting of the bu-
siness of the company; and such by-laws, rules and
regulations, to alter, change or annul at their plea-
sure; but every such by-law, rule or regulation
may be altered or repealed by the stock-holders at a
general meeting to be called for that purpose by any
forty or more stock-holders; Provided, That there be
present at such general meeting, stock-holders holding
one thousand shares in the whole, or their proxies;
and that six weeks notice be given in one or more
newspapers published in the town of Easton, of such
meeting, and of the alteration or repeal intended to be
proposed thereto.
4th, To appoint and remove at their pleasure all
clerks, superintendants, agents or other officers, neces-
sary for carrying on the business of the said company;
and to fix and to pay out of the funds of the said com-
pany, the compensations of all such clerks, superin-
endants, agents, or other officers.
5th. To make such contracts for labor, materials,
engines and machines, and all such purchases of lands,
tenements, or hereditaments, in fee-simple or other-
wise; and to contract for, and obtain in behalf of the
said company, all such privileges, permissions, rights
and advantages, of every kind and nature whatever,
as they shall judge necessary for establishing, carry-
ing on, and encouraging manufactories, agreeably to
the first article of this act; and all the necessary con-
veyances and assurances of the said lands and 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 they shall judge
most proper, and all proper and needful conveyances,
assurances, contracts and deeds therefor, to make
and execute.
6th. 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 com-
pany, of every nature and kind whatever, now or at
any time hereafter to be held or claimed, keeping, and
rendering to the stock-holders, at each annual meeting
for the choice of directors, a particular account of all
the stock, property, money and funds so received, ex-
pended and disposed of, in the course of the year then
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1812.
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