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giving two months notice of the payment so required in the news
papers as aforesaid.
6. And be it enacted, That the first mentioned company shall meet
on the first Monday in May eighteen hundred and nineteen, and
on the first Monday in May in each succeeding year; and the last
before mentioned company shall meet on the fourth Monday in
May eighteen hundred and nineteen, and on the fourth Monday in
May 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 meeting they shall have full power and authority
to make, alter or repeal, by a majority of votes, in manner afore-
said, all such by-laws, rules, orders and regulations, made as afore-
said, and to do and perform any other corporate act herein autho-
rised.
7. And be it enacted, That the respective presidents and mana-
gers first chosen as aforesaid, shall procure certificates 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 trea-
surer, and sealed with the common seal of the respective compa-
nies, to each person or persons fur every share by him, her or them,
subscribed and held, he, she or they, having paid to the said com-
missioners aforesaid one dollar for each share, which certificate
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 purpose,
shall be a member of the corporation, and for every certificate as-
signed 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 vote as aforesaid at the meeting thereof.
8. And be it enacted, That the said respective presidents and mana-
gers shall meet at such times and places as shall be ordained by their
respective by-laws, and when met five members shall form a quo-
rum, who in the absence of the president may choose a chairman,
and shall keep minutes of all their transactions fairly entered in a
book, and a quorum being formed, they shall have full power and
authority to appoint all such surveyors, engineers, superintendants,
and other officers, as they shall deem necessary to carry on their
intended works, and to fix their salaries and wages, and to draw on
the bank or banks for all monies as shall have so as aforesaid been
deposited by the commissioners aforesaid, which draughts shall be
signed by the said president, or in his absence by a majority of the
quorum, and countersigned by the treasurer, and generally to do all
such other acts, matters and things, as by this act and the respec-
tive by-laws, rules, orders and regulations, of the company, they
shall be authorised to do.
9. And be it enacted, That after thirty days public notice in all
the public papers aforesaid, of the time and place appointed for
the payment, of any proportion of the said capital stock of either of
the said companies, if any stockholder shall neglect to pay such
proportion at the place appointed, for the space of thirty days at-
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Dec. Ses. 1817
Times of meet-
ing.
Certificates of
stock.
Presidents and
managers—
their powers.
Forfeitures.
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