THOMAS H. HICKS, ESQUIRE, GOVERNOR.

487

be a corporation or body politic, in law and in
fact, by the name, style and title set forth in said
instrument, and by that name shall have succes-
sion, and he able to sue and be sued, plead and
be impleaded, answer and defend, and shall have
power to make, have and use a common seal, and
the same to break, alter and renew at pleasure,
and to make and establish all proper by-laws, and
regulations for the government of said corpora-

tion, and the management of its affairs; Provided,
said by-laws and regulations, or any of them,
shall not be repugnant to the constitution and
laws of the State, and to the instrument on which
said corporation is formed or established.

Proviso.

SEC. 2. And be it enacted, That every corpora-
tion established by virtue of this act, shall be able
and capable in law, according to the terms and
conditions of the instrument upon which it may
be formed an aforesaid, to purchase and hold any
kind of property, real and personal, and the same
to employ, use and dispose of, according to the
articles, objects and conditions of its charter;

May hold real
and personal
estate.

Provided, that no corporation formed under this
act shall in any manner or in any capacity, hold
or possess at one time, property to an amount or
value exceeding in the aggregate, the sum of
fifty thousand dollars.

Proviso.

SEC. 3. And be it enacted, That if any change,
alteration or amendment of the articles, conditions
or provisions of the instrument on which said
corporation is established, shall be made by au-
thority of the corporation as aforesaid, such
change, alteration or amendment, shall be made
known, acknowledged and recorded, in the same
manner as prescribed in the first section of this
act, and after said alterations or amendments shall
be recorded, the same shall be taken and deemed
to be a part of the charter or instrument upon
which such corporation was formed and establish-
ed, to all intents and purposes, as if the same had
originally been made part thereof.

May make al-
terations and
amendments.

SEC. 4. And be it enacted, That the usual fees,
for equal or similar services, shall be received by
the respective clerks, under the provisions of this
act, and all the expenses of recording said instru-
ment shall be borne by the parties respectively
applying therefor, and after the instrument of

Compensation
of Clerk for re-
cording.