THOMAS H. HICKS, ESQUIRE, GOVERNOR.

179

majority of the stockholders of said corporation
assembled at any annual meeting or any general
meeting called in pursuance of any by-laws made
for that purpose, and a majority of the stockholders
may, at any annual or general meeting, pass by-
laws which shall be binding upon the directors ;

Provided, that such by-laws shall not be contrary
to the laws of this State or of the United States;
And provided further, that no person shall be an
officer or director of this Institution who is an
officer or director of any other monied Institu-
tion.

Proviso.

SEC. 4. And he it enacted, That any person
above the age of twenty one years may become a
member of said corporation in such manner as the
by-laws shall provide, for the purpose of making
deposits and receiving the benefits of such profits
or dividends as may from time to time be made and
declared.

Who may be
members.

SEC. 5. And be it enacted, That every member
who may deposit fifty cents per week for twenty
weeks, or one dollar per week for ten weeks or
more, or ten dollars at any one time or more, may
at his or her option by signing an agreement to
that effect in a book to be provided and kept at
the office of the corporation for that purpose, con-
vert the same or any adequate portion thereof into
a share or shares of stocks of the par value of ten
dollars each, which stock shall compose the capital
stock of the said corporation, and the deposits so
converted into stock shall not be withdrawn, the
said shares of stock shall be assignable by trans-
fer, in person or by attorney, in a book to be kept
for that purpose at the office aforesaid, and every
member of the corporation shall be entitled at each
meeting of the corporation to elect Directors, or
for any other purpose, to give one vote for each
share of stock, not exceeding ten shares, and for
every additional ten shares thereafter, not exceed-
ing two hundred shares, one vote, all votes to be

Capital stock.

given in person, and not by proxy; Provided,
always, that the whole number of shares of stock,
which it shall be lawful thus to create, shall not
exceed five thousand, and that the Directors, or a
majority of them, may, in their discretion, limit
the number to three thousand, or any greater num-
ber, not exceeding five thousand.

Proviso.