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Dec. Sess.
1814.
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nements, hereditaments materials, engines, machines, pri-
vileges, permissions, rights and advantages, to sell again,
let, hire, or otherwise dispose of, in whole or in part,
for the benefit of said company, in such manner, and
on such terms and conditions, as they shall judge most
proper, and all proper and needful conveyances, as u-
rances, contracts and deeds therefor, to make and ex-
ecute.
Fifthly. 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 every nature and kind whatever, now or at any time
hereafter to be held or claimed, keeping and rendering
to the stockholders, at each annual meeting for the choice
of managers, a particular account of all the stock, pro-
perty, money and funds, so received, expended and dis-
posed of, in the course of the year then next preceding,
and of all contracts, purchases, leases, salts and disposi-
tions, so to be made within the same period, which shall
at all times be subject to the inspection of the stock-
holders.
Sixthly. To provide for, and pay out of the revenues
and funds of the company, all such annual expenses, as it
may be necessary to incur, for keeping up, carrying on,
and encouraging the said manufactories, or for promoting
and carrying on, many manner, the business of the com-
pany.
Seventhly. To establish rules and regulations for the
transfer of the stock of the said company, and for the
proof of the property and ownership therein.
Eighthly. To call general meetings of the stockhold-
ers, from time to time, and at such times, and for such
purposes, 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 meet-
ing shall be competent to the transaction of any business
whatever, unless there be present thereat the holders of
seven hundred and fifty shares at least, or their proxies.
Ninthly. And generally to do, act and transact, in
all things for the said company, relative to the underta-
king, common stock, and joint property aforesaid, in as
full and complete manner as the individual stockholders
or subscribers might do, were they personally present.
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Dividends.
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9. AND BE IT ENACTED, That the president
and managers, or a majority of them, so soon as the
progress of the work, and the state of the funds will per-
mit, shall make, declare, and pay to the stockholders, or
their legal representatives, half yearly dividends at cer-
tain stated times, on the stock of the company, out of
the income of the company's property, reserving such
sum, annually, as they shall judge necessary for repairs,
augmentations and contingencies.
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