THOMAS H. HICKS, ESQUIRE, GOVERNOR.

469

shall be necessary to effect the purposes of this
act, and for settling all the accounts of the com-
pany; to provide for furnishing to stockholders
certificates or other evidence of their right to
stock, or for the transfer of stock and the evidence
of such transfer of stock, and to pass all such by-
laws as shall be necessary for exercising all the
powers, rights and privileges vested in the com-
pany hereby incorporated, and the said by-laws
from time to time to alter or repeal, subject
nevertheless to the revision of the stockholders at
a general meeting as hereinbefore provided.

SEC. 8. And be it enacted, That after ten days
public notice in the public papers aforesaid, of the
time and place aforesaid of the payment of any
instalment of said capital stock of the said com-
pany, if any stockholder shall neglect to pay
such instalment at the time and place appointed,
tor the space of ten days after the time so ap-
pointed, every such stockholder, his, or their or
her assigns may be required in addition to the
payment so called for, to pay at the rate of five
per cent, per month for the delay of such pay-
ment, and if the same and the said additional
penalty shall remain unpaid for such a time as
the accumulated penalties shall become equal to
the sums before paid in part on account of such
share or shares, the same shall be forfeited to the
said company, and may be sold or assigned by
the president and managers of said company to
any person willing to purchase the same, for
such price as can be obtained, and the purchaser
or purchasers aforesaid shall have all the benefit
and advantage of such assignment and purchase
as if he, she or they had been an original stock-
holder, or the managers may at their option en-
force payment of any such instalment by warrant
or action of debt, as the case may require.

Penalty for
failing to pay
instalments.

SEC. 9. And be it enacted, That the said presi-
dent, managers and company shall cause the
said road to be laid out and opened forty feet
wide, and bridges to be erected over all the waters
crossing the said road, and shall cause fourteen
feet thereof in breadth at least, to be made an
artificial road, which shall be bedded with wood,
stone, plank or gravel, or any other hard sub-
stance, well compacted together, with a sufficient

Road to be
opened.