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ROADS. J 310- 47 i(:5 his legal represciilntivr-; rvud if Uio s?.id sain s! all i;( t ] ir-dvtce llie siitn rrqiiiied -lobe .-ich ni:(.(d wiiii il;e n-ridchiii! cliarirps afteuditi^- rhe Sii.'e, iliMi tlie | rcsidiM <nid direcinis m;ty recover ihi bidaiice of the oiigii;;d prn]'i:h'loi-, orTus assignee, or the executor or admiuisirater, or either of rheni, by suilju any court of record having jurit>dictinn ifieicol", or by warrant before a justice of the peace of the county of which he is a resident; and any pn.rchaser of the stock ot liu! company, nnder the sale by the president and directors, sliaU be subject to tlie same rules and regulations as the orignial proprietor's. Sec. 12. Be h furllier enaclcd, That if the capital stock of the company hereby incorporated, shall be found insuf-ficient for the purpose of this act, it shall, and may te law- ^^-'i'^' . ful for the presideut and dircctiors of the said co.n;pan3-., o,t['|"^';'',g^,^ '" a majority of them, from tiiHe to ime, to increase the said capital siock to an amount not exceeding two millions of dollars, by the addition of as many shares as tliey may deem necessary, first giving to the individual storkholdei;;, for the time beiiig, or their legal rep resell tat ive«, the-o})iiou of taking such additional shares in proportion tolhe amount of stock respectively held by ihem, and opening looks in the town of Fayetteville, and such other places xis the pves-ifJent and directors may think proper^ for any balance of the ca| ital stock created, which may not be lakeii- by tic siocklvolde-rs lor the time beinof or in their behalf: and lb'; subscribers for such additional shares of the capital stociv, ill the said company, are hereby declared to ]>e thencefor-ward incorporated into the said company, witii all tlie priv-ileges and advantages, and subject to alb the liabilities of the original stockholders. Sec. 13, JJe il further cnaderl, Thcit tfie president and directors, or a majority of them, sliall have power to borrow money for the ob;ect of this act, to issue certificates or other' ^'''^^"y evidences of such loans, and to make the some conver'able,,'!^;: j,j j|_ into the stock of the company, at tlie pleasure of the hcl-,y. ders : Provided, that the ca|)iial shall not thereby be in-creased to an amount exceeding- two millions of dollars, and to pledge tbe properly of the company for the payment of the same Vv^ith interest : Provided; that no certificate of loan, convertable into slock, or creating any lien or mort-gage on -the property of the company, shall be issued by the prcsid'^nt and directors, unless the expediency of ina: king a loan on such terms, and of issuing such ccrlificatcs, shall liavc first been determined on at a general meeting of the stdckholders, by two thirds of the voles, wliieh cuuld legally bo given in favor ol i-hc same.
ROADS. J 310- 47 i(:5
his legal represciilntivr-; rvud if Uio s?.id sain s! all i;( t ] ir-dvtce
llie siitn rrqiiiied -lobe .-ich ni:(.(d wiiii il;e n-ridchiii!
cliarirps afteuditi^- rhe Sii.'e, iliMi tlie | rcsidiM