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fix the compensations of all such clerks, superintendants,
agents, or other officers.
5thly. To make such contracts for labor, materials,
engines and machines, and all such purchases of lands,
tenements or hereditaments, in fee simple or otherwise;
to contract for, and obtain, in behalf of the said compa-
ny, all such privileges, permissions, rights and advanta-
ges, of every kind and nature whatever, as they shall
judge necessary, for establishing, carrying on and encou-
raging manufactories, agreeably to the first article of
this act; and all the necessary conveyances and assuran-
ces of the said lands and tenements, hereditaments, ma-
terials, engines, machines, privileges, permissions, rights
and advantages, to sell again, let, hire, or otherwise dis-
pose of, in whole or in part, for the benefit of said com-
pany, in such manner, and on such terms and conditions,
as they shall judge most proper, and all proper and
needful conveyances, assurances, contracts and deeds
therefor, to make and execute.
6thly. To receive, use, dispose of and employ, for the
purposes aforesaid, or any of them, all the capital stock,
money, property, and funds of the said company, of eve-
ry nature and kind whatever, now or at any time hereaf-
ter to be held or claimed, keeping and rendering to the
stockholders, at each annual meeting for the choice of
directors, a particular account of all the stock, property,
money and funds so received, expended and disposed of,
in the course of the year then next proceeding; and if
all contracts, purchases, leases, sales and dispositions, so
to be made within the same period, which shall at all
times be subject to the inspection of the stockholders.
7nth. To provide for, and pay out of the revenues and
funds of the company, all such annual expences, as it may
be necessary to incur, for keeping up, carrying on, and
encouraging the said manufactories, or for promoting and
carrying on, in any manner, the business of the com-
pany.
8th. To bind by their contracts, deeds and writing,
under the hand of the president, and the seal of the com-
pany, all the property, estate, common stock, and. joint
funds of the said company, but not the persons or sepe-
rate property of themselves, or any of the stockholders.
9th. To establish rules and regulations for the trans-
fer of the stock of the said company, and for the proof of
the property and ownership therein.
10th. To call general meetings of the stockholders,
from time to time, and at such times, and for such pur-
poses, as they shall think proper, giving six weeks notice
in one or more newspapers published in the town of
Easton, of the time, place and purpose, of every such
meeting respectively; Provided, That no such meeting
shall be competent to the transaction of any business
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Dec. Sess.
1813.
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