LEVIN WINDER ESQ. GOVERNOR.

53

that has been already subscribed for; and the remaining
forty five dollars, one fourth part of which shall be in
specie, on each share, shall be paid by instalments as
specified in the original act; and if shall be the duty of
John Stump, John Archer, John Quarter, John Moores,
and Joshua Husband, for Hardford county, and Samuel C.
Hall, George Davidson, George Kidd, Henry Sluyter,
Soseph Cowdon, and Henry Broughton, for Cecil coun-
ty, or any five or more of them, to conduct every operati-
on of the proposed institution, until they shall be superse-
ded by the appointment of directors.

DEC. SESS.
1814.

3. AND BE IT ENACTED, That it shall and may
be lawful for the president and directors of the Susque-
hanna bridge and bank company, to use all such surplus
money that may or shall remain in their hands, after the
bridge shall be completed and all such monies or sums of
money as shall be in their hands during the building of
said bridge, as a banking company.

Surplus mo-
ney— bank.

4. AND BE IT ENACTED, That all persons who
have or shall become subscribers to said Susquehanna
bridge and bank company, their successors and assigns,
shall be and are hereby made a corporation and body po-
litic, by the name and style of the president and directors
of the Susquehanna Bridge and Bank Company, and by
that name shall be and are hereby made able and capable
in law to sue and be sued, plead and be impleaded, answer
and be answered, defend and be defended, in any court of
record, or any other place whatsoever, and also to make,
have and use a common seal, and the same to break, al-
ter and renew at. pleasure, and to make, use and negoti-
ate notes, generally to do and execute all such acts, mat-
ters and things, as to them shall appertain under the clau-
ses of this act, and the act to which this is a supplement.

Stockholders
incorporated—
powers and
privileges.

5. AND BE IT ENACTED, That the following rules
and provisons shall form and be fundamental articles of
the constitution of said corporation.
That the capital stock of the Susquehanna Bridge and
Bank Company, shall be managed by the directors for
the benefit of the stockholders. The total amount of debts
which the said corporation shall at any time owe, whe-
ther by bond, bill, note, or other contract, shall not ex-
teed double the amount of the capital actually paid into
said bank; Provided, That the money deposited in the
said bank for safekeeping shall not be considered as
the debts of the bank within the provisions of this clause,
unless the contracting of any greater debts shall have
been previously authorised by law of this state.
In case of excess the directors under whose adminis-
tration it shall happen, shall be liable for the same in
their natural and private capacities, and an action of
debt, may in such case be brought against them, or any
of them, or their heirs, executors or administrators, in

Fundamental
rules and arti-
cles.