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UH ' 187(3-77 -Chapter 51. a[)poiiitC(l eoimuissioner.s, any three of whom may act, whose duty it shall be to a[»i)oint commissioners to openi' l)ooks of subscription, at such times and places as they sliall deem best, and under such rules as they may pre-scribe ; such sul)scription <n' any part thereof, may be re-reived ]iayabl(' in land, uducv, labor, or material ncces- >ary m the construction of said road, or land, stock, or \aluablc credits of any kind, in such manner and on such tci'ms as shall be ai^'rced ujion between said com]»any and such subscribers. Skc. ;>. That \\-lieiic\'cr ten llionsand dollars sliall haw w h.iirv.M s.o.i'Dii hct'ii subscribed to the capital stock of said companv, it slwill llilVr lrC(MI ^ _ _ . I I ' si,i,s.-iib(H!,nK''' - shall be the dutv of the coinmissioners above named, or- (•r;il iiKM'l iiii; sii;.ii !.. .-aiio.i. .,,,y tbrcc of tlieui, to call a general meeting of the stock-bolders, ai'ter giving reasonable notice of such meeting. and at such time and place as they shall determine; and at all general meetings of said stockholders, not less than a majority of all the stock sid)scribed shall constitute a <|Uovum for tin' transaction of business ; and said stock- Ki.rti..,, ,ii ..iii- ]j,>](|ei-s, at their first general meeting, shall elect a jiresi- (lent and seVen (7) directors for said company, whose term. of ollice shall be ior one year, and until their suc-cessor.~ are chosen. In the election ot such othcers and the en-acting of such laws for the company as may l)e necessary., the stockholders shall be entitled to one \'(^te for eacb share owned by him or them. Sec. 4. That the stockholders, at tiicir first general p.iyniiui Mfsi...k meeting, shall ]>vescribe the manner and time in which l)ayment of stock on the subscription books shall b( made. Sec. "). The ]iresident and directors shall have the gen- ()mcfi>—iicii eral direction and management of the affairs of the com-prnw- is ,11. < .1'- j^.ji^^. They shall appoin.t a treasurer, secretary and engi-neer, whose term of office shall be fixed by the by-laws of the company, and who shall ]>erform such duties as are ordinarily imposed on such officers ; said directors shall have power to fill any vacancies that may occur in their board until their next regular meeting ; and in the absence
UH ' 187(3-77 -Chapter 51.
a[)poiiitC(l eoimuissioner.s, any three of whom may act,
whose duty it shall be to a[»i)oint commissioners to openi'
l)ooks of subscription, at such times and places as they
sliall deem best, and under such rules as they may pre-scribe
; such sul)scription