T. WATKINS LIGON, ESQUIRE, GOVERNOR.

449

may appear and vote on all questions either in person
or by proxy.

SEC. 5. And be it enacted, That after thirty days
public notice in the public papers as aforesaid of the
time and place appointed, for the payment of any in-
stalment for the capital stock of said company, if any
stockholder shall neglect to pay such instalments at the
place appointed, for the space of thirty days after the
time so appointed, every such stockholder shall forfeit
his said stock to the said company, and the same may
be sold and assigned by the president and directors of
said company to any person willing to purchase the
same for such sum as can be obtained for the same, and
the purchaser or purchasers aforesaid shall have all the
benefits and advantage of such assignment and pur-
chase as if he, she or they had been an original stock-
holder, or the directors may at their option enforce pay-
ment of any instalments by warrant or action, as the
case may require.

Instalments.

SEC. 6. And be it enacted, That so soon as one
thousand shares shall be subscribed for, and all the in-
stalments required thereon paid, the company shall be
competent to transact all kinds of business for which
it is established.

Transacting
of business.

SEC. 7. And be it enacted, That nothing herein
contained shall be so construed as to confer banking
privileges to the said company, to issue any note, token,
scrip, devise or other evidence of debt to be used as a
currency.

Banking for-
bid.