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Session Laws, 1858
Volume 624, Page 467   View pdf image
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THOMAS H. HICKS, ESQUIRE, GOVERNOR.

467

SEC. 3. And be it enacted, That when two
hundred shares or more of the said capital stock
shall have been subscribed, the said commission-
ers, or a majority of them, shall, so soon as con-
venient, give not less than five days notice in the
newspapers aforesaid of the time and place by
them appointed for the subscribers to meet, in
order to organise said company and to choose by
a majority of votes of the said subscribers by
ballot to be delivered in person, or by proxy, duly
authorised, three managers from the stockholders
to conduct the business of the said company, until
the first day of April, one thousand eight hun-
dred and fifty-eight, and until their successors are
chosen, in the manner hereinafter provided; and
at such election and all subsequent elections or
meetings of the stockholders for determining any
question arising at each meeting, each stockholder
shall be entitled to one vote for every share
held by her.

Organization.

SEC. 4. And be it enacted, That the subscribers
for the stock of the said company shall be and
they are hereby incorporated and constituted a
body politic by the of "The Old Road Turnpike
Company," and by the same name the said stock-
holders, and their successors and assigns, shall
have succession, and shall have all the privileges
and franchises of or incident to corporations, and
shall be capable of taking and holding the said
capital stock and the increase and profits thereof,
and of enlarging the same, from time to time, by
new subscriptions on the original terms, in such
manner and form as they may think proper, if
such enlargement shall be found necessary to fulfil

Incorporated.

the intent of this act; Provided, the said increase
doth not exceed five thousand dollars; and of pur-
chasing or taking to them or their successors, in
fee simple, and for any lesser estate, all such
lands, tenements, hereditaments and estate, real
or personal, as shall be necessary to them in the
prosecution of their works; Provided, the said
real estate shall not exceed two acres in any one
lot or parcel, for the use of the gate-keeper; and
of being sued and sueing, answering and being
answered; and the said company shall have
power to make and have a seal, and alter and
break and renew the same according to their will

Provisos.



 
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Session Laws, 1858
Volume 624, Page 467   View pdf image
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