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Dec. Sess.
1815.
First presi-
dent and di-
rectors.
By laws &c--
treasurer.
Style—ef-
fect in law.
Quorum —
power when
met.
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them, shall give notice as aforesaid of the time and place where
the remaining shares may be subscribed for.
2. AND BE IT ENACTED, That as soon as one thousand
shares shall be subscribed for, the said managers or any two
of them, shall call a meeting of the stockholders, who shall
proceed in person, or by proxy, to the election by ballot of
nine directors; and the said directors shall elect one of their
number to act as president, who shall with the directors contin-
ue in office one year, and until a new election of directors shall
thereafter be made; and the said stockholders in one year after
the day on which the election shall be first made, and on the
same day in every year thereafter, except the same shall hap-
pen on Sunday, and in that case on the day succeeding, shall
elect by ballot, from among the stockholders, nine persons as
directors, and the president and directors for the time given,
shall give public notice for a new election at least ten days pre-
vious to the expiration of the time for which they were elected;
and in case it should happen that an election of directors should
not be made upon the day when pursuant to this act it ought
to have been made, the said corporation shall not for that
cause be dissolved, but it shall be lawful on any other day to
hold and make an election of directors, in such manner as
shall be regulated by the by-laws or ordinances of the said
corporation; and in case of the death, resignation, or removal
of a director, the said directors shall elect another person to
supply such vacancy for the remainder of the year, and in eve-
ry election for directors each stockholder shall be entitled to
one vote for every share by him or her held.
3. AND BE IT ENACTED, That the president and di-
rectors shall be authorised to make such by-laws, rules, orders
and regulations, (not inconsistent with the laws of the United
States or of this state,) as shall be necessary for the well or-
dering and directing the affairs of the said company; and also
to appoint a treasurer during their pleasure, who before he
proceeds to act as such, shall give bond with approved securi-
ty, to the president and directors, in such sum as they shall ap-
point, with condition for the faithful discharge of the duties of
his office.
4 AND BE IT ENACTED, That the said stockholders,
and their successors, from the time of the first meeting before
mentioned, shall and are hereby declared to be incorporated,
by the name of The Williamsport Bridge Company, and by
that name may sue and be sued, implead and be impleaded, an-
swer and be answered unto, in any court of law or equity of
this state, and may make, have and use a common seal, and
the same break alter and renew at pleasure.
5. AND BE IT ENACTED, That the president and di-
rectors shall meet at such times and places, and be convened in
such manner as shall be agreed on, for transacting the business
of the company; and a majority shall be a quorum, who in the
absence of the president may choose a chairman, who shall
keep a minute of all their transactions fairly entered in a
book; and a quorum being met, they shall have full power and
authority to agree with and appoint such engineers, superinten-
dants, artists, or other officers as they shall think necessary, to
carry on the said bridge, and to contract and agree for materi-
als, and all such articles as they shall deem necessary; to draw
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