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severally take an oath before some justice of the peace of said
county, that they will faithfully and diligently perform the du-
ties of their respective stations, according to the best of their
skill and judgment; and the subordinate agents shall moreover
give satisfactory security to the president of said company be-
fore they shall be permitted to act as such.
8 AND BE IT ENACTED, That the said president and
directors shall have full power and authority to make all by-
laws, rules and regulations, for the well-ordering and conduct-
ing of the business of the company, and such by-laws rules
and regulations to alter change and annul, at their pleasure;
but, every such by-law, rule or regulation, may be altered or
repealed by the stockholders at a general meeting, to be called
for that purpose by any ten or more stockholders., Provided
that there be present, at such meeting stockholders holding one
hundred shares, or their proxies, and that four weeks previous
notice be given in the newspapers printed in the town of Cum-
berland, of such meeting, and of the alteration or repeal inten-
ded to be proposed thereat.
9. AND BE IT ENACTED, That the said president and
directors shall have power to appoint and remove at their pla-
aure all clerks, superintendants, agents or other officers neces-
sary for carrying on the business of the said company, to dis-
pose of its funds or property in the manner hereinafter direct-
ed, and to tax and pay, out of the funds of the said company,
the compensation of all such agents, superintendants, clerks or
officers; to make such contracts, purchases or agreements, of
all such matters and things, in behalf of the said company, and
of all such privileges, permissions, rights and advantages of
every kind and nature whatsoever, as they shall judge necessary
for completing, in an effectual and proper manner, the intro-
duction, distribution, and supply of water to the town of Cum-
berland, with any individual, companies, firms or corporations,
and to use and dispose of any surplus water to the best interest
and advantage of the said company, and all such contracts to
rescind, alter, abridge or enlarge with consent of the parties
thereto respectively, and to lease, sell, convey, transfer and
bind, by their contracts, deeds and writing under the hand of
the president and the seal of the company, all the property,
estate, common stock, and joint funds of the said company,
subject to the ratification of the stockholders, or a majority of
them, at some general meeting, if the value of the matter in
question shall exceed five hundred dollars but not the persons
or separate property of themselves or any of the stockholders.
10. AND BE IT ENACTED, That the said corporation
may purchase and hold, in fee simple or otherwise, all such
lands and real estates suitable for the erection of the necessary
works, and that may be necessary in whole or in part, for the
proper accomplishment of their undertaking, as they shall
judge proper, and may divert from the usual bed and course,
for the purpose aforesaid, at such place or places as they shall
think fit, any stream or streams which they may think suitable
for the purpose, or any part or parts thereof, they obtaining the
consent of all persons having any right, interest or property,
in the stream or streams respectively, so to be diverted in whole
or in part, or in the lands through which such stream or streams
7
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Dec. Sess.
1815.
By laws &c.
Proviso.
Subordinate
officers—reg-
ulations &c.
May pur-
chase land &c.
—pipes.
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