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56 CANALS. lS16-4r7
Sec. 6. And he itfurther enacted^ That every President
Oath.
j^.^j Director, before he acts as such, sliall take an oath or
affirmation, for the due execution of liis office.
Sec, 7. Jlnd he it further enacted, That the presence
General of Stockholders havmg twenty shares at least, shall be ne-meetirigs.
cessnry to constitute a general meeting; and that there be a
general meeting of siockholders, on the third Monday in
July in each and every year, at such convenient place as
shall from time to time be appointed by the said general
meeting; but if a sufficient number should not attend on
that day, the stockholders who do attend, may adjourn sucli
meeting from day to day, until a general meeting of stock-holders
siiall be had, which may be continued from day
to day uritil the business of the company is finished; to
which meeting the President and Directors shall ma.ke re-port,
and render just account of all their proceedings; and,
on finding them fairly and justly 'stated, the stockholders
then present, or a majority of them, shall give certificate
tiiereof, u duplicate of which shall b^^ entered on the said
company's books; and at such yearly or general meetings^
after leaving in the hands of the treasurer, such sum as the
Stockholders, or a majority of them, shall judge necessary
for the repairs and contingent chnrges; equal dividends of
all the nett profits arising from the tolls hereby granted,
shall be ordered and made to th-e stock'holders of said com-pany,
in proportion to their several shnres : And on any
emergency, in the interval betvv^cen' the said yearly meeting,
the President or a majority of tlie Directors may a[ipoint a
general meeting of the stockholders of the company, at any
convenient place, giving at least one month's notice, in
some one of the newspapers hereinbefore specified, wliicli
meeting maybe adjourned and continued as aforesaid.
Sec. 8. And he it further €71 acted, That for and in con-
Vested sideration of the expenses ,the said stockholders will incur,
rights and . . •
i i
tolls. not onlym cutting the said canal, erectmg locks, constiuc-tinj^
the snid Turnpike Road, and performing other works
incident aud necesary to this undertaking, but in maintain-
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| Title | Page 62 |
| Full Text | 56 CANALS. lS16-4r7 Sec. 6. And he itfurther enacted^ That every President Oath. j^.^j Director, before he acts as such, sliall take an oath or affirmation, for the due execution of liis office. Sec, 7. Jlnd he it further enacted, That the presence General of Stockholders havmg twenty shares at least, shall be ne-meetirigs. cessnry to constitute a general meeting; and that there be a general meeting of siockholders, on the third Monday in July in each and every year, at such convenient place as shall from time to time be appointed by the said general meeting; but if a sufficient number should not attend on that day, the stockholders who do attend, may adjourn sucli meeting from day to day, until a general meeting of stock-holders siiall be had, which may be continued from day to day uritil the business of the company is finished; to which meeting the President and Directors shall ma.ke re-port, and render just account of all their proceedings; and, on finding them fairly and justly 'stated, the stockholders then present, or a majority of them, shall give certificate tiiereof, u duplicate of which shall b^^ entered on the said company's books; and at such yearly or general meetings^ after leaving in the hands of the treasurer, such sum as the Stockholders, or a majority of them, shall judge necessary for the repairs and contingent chnrges; equal dividends of all the nett profits arising from the tolls hereby granted, shall be ordered and made to th-e stock'holders of said com-pany, in proportion to their several shnres : And on any emergency, in the interval betvv^cen' the said yearly meeting, the President or a majority of tlie Directors may a[ipoint a general meeting of the stockholders of the company, at any convenient place, giving at least one month's notice, in some one of the newspapers hereinbefore specified, wliicli meeting maybe adjourned and continued as aforesaid. Sec. 8. And he it further €71 acted, That for and in con- Vested sideration of the expenses ,the said stockholders will incur, rights and . . • i i tolls. not onlym cutting the said canal, erectmg locks, constiuc-tinj^ the snid Turnpike Road, and performing other works incident aud necesary to this undertaking, but in maintain- |
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