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1812.
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next preceding; and of all contracts, purchases, leas-
es, sales and dispositions, so to be made within the
same period, which shall at all times be subject to
the inspection of the stock-holders.
7th. To provide for, and pay out of the revenues and
funds of the company, all such annual expences as it
may be necessary to incur for keeping up, carrying
on, and encouraging the said manufactories, or for
promoting and carrying on, in any manner, the busi-
ness of the company.
8th. To bind by their contracts, deeds and writing,
under the hand of the president, and the seal of the
company, all the property, estate, common stock and
joint funds of the said company, but not the persons
or separate property of themselves, or any of the
stock-holders.
9th. To establish rules and regulations for the trans-
fer of the stock of the said company, and for the proof
of the property, and ownership therein.
10th. To call general meetings of the stock-holders
from time to time, and at such times and for such pur-
poses as they shall think proper, giving six weeks no-
tice in one or more newspapers published in the, town
of Easton, of the time, place and purpose of every
such meeting respectively; Provided, That no such
meeting shall be competent to the transaction of any
business whatever, unless there be present thereat,
the holders of one thousand shares at least, or their
proxies,
11th. And generally to do, act and transact, in al!
things for the said company, relative to the undertak-
ing common stock and joint property aforesaid, in as
full and complete manner as the individual stock-hold-
ers or subscribers might do, were they personally
present.
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President and
directors shall
declare half
yearly divi-
dend.
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19. AND BE IT ENACTED, That the president and
directors, or a majority of them, so soon as the pro-
gress of the work and the state of the funds will per-
mit, shall make, declare and pay to the stock-holders,
or their legal representatives, half yearly dividends,
at certain stated times, on the stock of the company,
reserving however, out of the income of the company's
property, such sum annually as they shall judge ne-
cessary or prudent for repairs, augmentations and
contingencies.
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Original sub-
scribers, assign-
ees, transferrees
and legal repre-
sentatives shall
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13 AND BE IT ENACTED, That the original sub-
scribers to this association, and the assignees, trans-
ferrees and legal representatives of all such original
subscribers, forever, shall be taken and deemed to all
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