LEVIN WINDER, ESQ. GOVERNOR.

78

named, or any five or more of them, on a day to be ap-
pointed for that purpose, and by them notified in the
most public places in the county, at least four weeks
previous thereto; and the commissioners who shall meet
on the day so appointed for receiving the said subscrip-
tions, shall cause the said books to be opened at the place
or places agreed upon, at ten o'clock in the morning, and
continue the same open until five o'clock in the after-
noon, and if the subscriptions shall exceed the number
of eight thousand, then the said commissioners are here-
by authorised and directed, so to apportion the shares
subscribed among the several subscribers, by propor-
tionate reduction, an may reduce the whole to the num-
ber to be subscribed for, but if the said subscriptions
shall not be rilled up on the first day, the said commis-
sioners shall hare power to adjourn from day to day, un-
til the whole number of shares shall be subscribed for,
and at any time after the first day , when the said sub-
scriptions shall be complete, it shall be the duty of the
said commissioners immediately to close the books, and
those only who have actually subscribed previous there-
to, shall be entitled to the said stock; and it shall be the
duty of William Whitely, William Hughlett, Solomon
Brown, George Reed, Frederick Holbrook, Willis
Charles, Henry Driver, James Houston and James
Seth or any five or more of them, to conduct every ope-
ration of the proposed institution, until they shall be su-
perseded by the appointment of directors.

Dec. Sess.

1813.

4. AND BE IT ENACTED, That every subscri-
ber shall pay to the commissioners who shall attend for
opening the books, at the time of subscribing tor the
same, the sum of two dollars and fifty cents on each
share that shall be by him subscribed; and each subscri-
ber shall, within sixty days thereafter, pay the further
sum of two dollars and fifty cents on each share to the
commissioners aforesaid; but any person who may find
it convenient may, at the time of paying any instalment,
pay up the whole amount of his subscription, and -nail
receive a dividend accordingly; and the remaining twen-
ty dollars on each share shall be paid by such instal-
ments, not exceeding five dollars at any instalment, mid
at such times as the directors shall appoint, upon giving
nut less than sixty days notice of such demand in the
most public places in the county, and in the two newspa-
pers primed in Easton, and receipts shall be given for the
several payments so made; but when a subscriber shall
have paid the sum of five dollars on each share, such
subscriber shall be entitled to receive a certificate, under
the seal of the bank, and subscribed by the president,
for the number of shares by him or her held.

Sum to be

paid on sub-
scription. Fu-
ture instal-
ments.

5. AND BE IT ENACTED, That if any stock-
holder shall fail to pay his or her instalments to the
10

Delinquents.