LEVIN WINDER, Esq. GOVERNOR.

73

personal, as shall be necessary to them in the prosecuti-
on of their works; Provided the said real estate shall not
exceed five acres in any one lot or parcel; and of suing
and being sued, answering and being answered; and
the said company shall have power to make a seal, and
alter, break and renew the same, according to their will
and pleasure.

DEC. SESS.
1814.

Proviso.

5. AND BE IT ENACTED, That the sums so sub-
scribed shall be paid to the managers elected agreeably to
this act, in the manner following, to wit: one fourth part
thereof (including the one dollar paid to the commission,
ers at the time of subscribing) at the end of one month
after the election of managers; one fourth part at the
end of six months after the election of managers, and
the remainder in such sums, and at such times, as the
managers may appoint, they giving two months notice
of the payments so required in each of the aforemention-
ed papers.

Instalments.

6. AND BE IT ENACTED, That the said compa-
ny shall meet on the fourth Monday in September next,
and on the fourth Monday in each succeeding year, for
the purpose of choosing such other officers as aforesaid,
for the ensuing year, in manner aforesaid, and at such
other times as they shall be summoned, in such manner
and form as shall be prescribed by their respective by-
laws, at which annual or special meetings, they shall
have full power and authority to make, alter or repeal,
by a majority of votes, in manner aforesaid, all such by-
laws, rules, orders and regulations, made as aforesaid,
and to do and perform any other corporal* act as herein
authorised.

Elections—
meetings.

7. AND BE IT ENACTED, That the president and
managers first chosen as aforesaid, shall procure certifi-
cates for all the shares of the stock of the said company, and
shall deliver one such certificate, signed by the president,
and countersigned by the treasurer, and sealed with the
common seal of the said company, to each person or
persons, for every share by him, her or them subscribed
and held, he, she or they having paid to the commissi-
oners .aforesaid one dollar for each share, which certifi-
cate shall be transferable at his, her or their pleasure,
in person or by attorney duly authorised, in the presence
of the secretary, subject however, to all payments due
and to become due thereon; and the assignee holding
any certificate, having first caused the assignment to be
entered in a book of the company to be kept for that pur-
pose, shall be a member of the corporation; and for e-
very certificate assigned to him, her or them as aforesaid,
shall be entitled to one share of the capital stock, and of
all the estate and emoluments of the company, and to
vole as aforesaid at the meetings thereof.

Certified
transferable.

8. AND BE IT ENACTED, That the said president
——————

* In the original bill this word is "corporate." THE PRINTER

Meetings of
managers, &c.