fiCflTr
8ALI3J.UUY, ROWAV COUNTY, N. C
TUESDAY, JU.VH 29, 1830.
VOL. XI.....NO. 623.
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,..TU MM i W wtr CartUataa Will
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w'ita of the WnUrt.SUtra:
JaaW il 'A fmt Xnum IhflXU CawytvM.
CNaia 33
An Act to incorporate the Aleiaodria Canwl
Compmy.
BE il matted by the Senate and Haute
J Hrfi'fteniativri of the United Statet of
America in Congreti aembled, That
John KobertB, Pbincs .'anoy, Robert J.
Taylor, ThompM.n V Mason, Hugh
Smith, Anthony C. Casenove, William
II. Millar, Chatles Henneti, Edmund J.
Lee, Colin Auld, Henry Danirerfield,
George Brent nd Jonathan Bucher, be,
and they are hereby, ippoitved Commis
sioners, any three of whom shall be com
tMtenl to ct, :o receif c subscriptions to
I Lee, Coli.) Auld, Henry Dangerfield, ng, ano rnan.ging ati tne saia vora
1 George Brent and Jonathan Bucher, be, P-ny'a business and concerns, for and du
I ' j w,hr. .rWitved Commit- ung such umcnot exceeding three years,
the capital sto.k of the company herein
after incorporated, i he said Commis
eioners shall C3Uf books to be opened at
such limes ind places s ihcy shall think
ft, under the management ot such per
1 uiaj as the" shall appoint for receiving
. .tl -irxiAvr,ai tr the r unit 111
..: j rl Ki,h ...h.rrir.tinns mav
te msde either in person or by power of; pute any oher memher or proprietor
.rtornVy- ard notice Ha in b7 the ." vote ami act as proxy fvr him or her,
a,id Commissioner, ot the uaie and place neural mee.mRt Vot M ,-
of o.,.ninK the books. ' ) That no on.oer or director of ..id Com,
Sic 2. .1nd U it f.:r:!;tr enacted, T Panv sh"be ,!owed to vote on any slock
thes.nl Commissioners shall cause tne'1 h" m'n:. And finvided, t,U That
books to t.e kipt open K least twenty,1" t
days, and within sixty ("ays after the ex
Diraiion thereof, shall call a p;neral mee
ting ol the subscribers at the town of Ai
-exanvtri rof whKrh ir.ee: inj; notice shall
be gtv.-'i by a msjenity of the 6rnrnts
sioneis in at Icest one newspaper pub
listed in ihe City of Whini'lorL end one
" tmtdhfrtd fe-flteHO"n of Ateati'dTtt-aHhir m6irst of aTmjifMllyM:
Jeas twenty aeys next Deiore tne sain
xnee'iiVti ; and such meeting 'shaMartfT
ms-h--rOnttnwd iiiitil lTie"biiiines? hail
be finih-.d; and Iho Commissioners, at
the time and place aforesuid, shulr lay
.befuije,iuc :..aubwj:i&crj.Jiiii...tooiij:u.n.
tainmR he :ato ol i4e aid subscnpticn,J
and if one fourth of the capital sum ol
two hundred and P.fty thousand dollars
should not ppar to have ben subsciibcd,
then the said Commtss'torters, or a ma
jority of them, aro tmpowered to take
and receive subscriptions to make up such
deficiency, and may continue to take and
receive subscriptions fur the term ol
twelve months thereafter ; and a just and
true list ol all subscriber, with the sum
subscribed by each shall be made out and
returned by the said Commissioners, or a
majority of them, under their hands, to
the Secretary of the Treasury of the .Uni
ted States, to be carefully preserved and
in case more than two hundred and fifty
thousand dollars shall be subscribed, then
the sum subscribed 60all be reduced to
that amount by the said Commiskioners,
or a majority of them, by beginning at,
or striking off a share from, the largest
subscription or subscriptions undrr the
largest, and above or.c share, unit the
same shall be red'iced to the capital afore-
I said, or until a share shall be taken from
I all subscriptions abore one share ; and
lots shall be drawn between subscribers
4 of eqnjH rsiim o lwermin tha timber
I of 'shufeswBicTTe at h subscriber shall be
I allowed to hold ui a list to be made for
. striKing oft, as aioresai;! ; and. if the sum
I . subscribed shall exceed the capital afore-
I said, then to strike off by the same rule,
until the sum subscribed sha-H be" redticed
I 1o the capital aforesaid, or all subscrip-
I tions reduced to the .capitarTfoTCTaid, or
llaqbsCrip'on. fedrtfed to jone share,
T , respectively 5 and inhere be stilt an ex'
A iwnrtbx.j.ubLSCiber--
4s fodd in -nJiM -1 tfdue e tfc subiscr i n 4
Uoir - tttff : v;TaRrt':a
king off shall be cer'ified on , the
list
afnrpaaiH t. nnrt lh. rt.,.1 .it. nf iKa
Company hereby incorporated shall coiv
aist of two.hundred and fifty thousand dol;
lars, divided into shares of one hundred
dollars ea"ch, of which every person sub
ecribing'msy ta"ke and subscribe for one
or more whole shares: Provided, That
rjnless one forth of the said capital shall
. bo subscribed, as aforesaid, all subscrip
tions under this act hall be t&idr and in
case one-fourth, and less than the whole,
shall bo subscribed, then the sid Com-
CUJsiojjers, or a -majority of Ihent) are! j
hereby empowered and directed to take
and receive the subsfyiptlens which shall
first b offered inwho.a thareii at afore
ssid, until ih: dcficicrcy shall be made
tcription shall be made under the hands
oX4hcaid Commisiloneri, or majariiy
of them, for the time bcii tnd returned,
s ati.tsafc
rre at er" parr nt
the said stock shall have been subscribed
in the, manner aforesaid, then the tub
acribers, their heirs and assigns, thill be,
and are he rehv declared to bo, incorpora
ted into a companv, br tlio name of the
Alexandria Canal Company, and may sue
and br sued as tuch, and as- such shall
have perpetual succession, and "common
seal; and it shall ifereupon be the duty
of the ail Commissioners, or a majority
of them, to call general meeting of the
subscribers, as they, or majority of
them, shsll appoint, after advertising the
same in such public prints at they, or
inaptly cf them, may tt.i ik proper ; and
such of the aiid subscribers as shall be
present at the said meeting, or a majori
ty of them, ore hereby empowered and
required o elect a President and six Di
rectors, for coHucting trie said uodcrla
arthe said subscribers, or a majority of
them, slull think fit ; and, in counting
the totes of all general meetings of the
said Company, each member shall be al
lowed oMe vote for every share, as far at
U) sbares,and one vote forevr.ry 10 shares
alwve 10, by him, or her, held at the time, in
of the said Company ; and any
I hand, executed befo e t wo witnesses, may
structed to prevent any person or per
bons, who may, from lime to lime, be by
law appointed, from voting at any general
meeting rm any stock which may be heldl
b y- at y ' e. -.-
Sec- 4. And be i' farther evicted, Tbat
the sitd t'resideht arid Directors, and
assembled, shall have full power fld "au-
thonty tn appoint, and, at iheir pleasure;
dismiss, such engineer or engineers, and
agent or agents, as they mey deem ex
pedtcnt, and to fix their compciisa'ion
sjjdjgNLll!!ej
oh behalf of the said Company, to cut
canals, treel Uams,. open feeders, con
struct locks, and peiform such other
WoTftai"tf:cy shair
expedient f r complctini a 'canal, from
the ' termination, or-'other-point ott the
Chesapeake and Ohio Cai.a . , ft such
place in the town of AlcxanJria as the
Coard of Directo-s shall appoint ; and out
of the money ar'uing Irotn the subscrip
'ions and tolls, to pay for the same, snd to
repair and keep in order the said canals,
locks, ond other necessary works thereto
and to defray all incidental charge s ; and
also, to appoint Treasurer, Clerk, and'
other officers, toll gatherers, managers,
and servants, as they shall judge requi
site, and to agree for, and settle their re
spective wages or allowances, and to set
tie, pass, and sign their accounts ; and
also, to make and establish rules of pro
ceeding, and to transact all oter business
and concerns of the said Company, in
and during the intervals between the
general meetinrjsof the same; and they
shall be allowed, as a compensation for
their trouble therein, such sum of money
as shall by fl jitrat .meeting of the
'Stftc'SboTdcrs, be determined : Provided,
'always, " TYflt the" "Trca1&ufe''''s'fiall''glv'e''
bond, in such' penalty, .and with such se
curity, as the said Presiclsnt and Ditec
tors, or a majority of them, shall direct,
for the true and faithful discharge of the
trust reposed in him; and that the allow
snce to be made him for his services shall
not exceed three dollars in the hundred,
fo'r thcMisbursements by him made ; and
iWno'ceVfcrtheenmpany ehtlr
any vots in the seJgrnjjqt pr payment .of
ba own. account
- -Srf.v i . jlndh it f;t vther. ao ttji . T hall
there shall be..paid. ftl
tho time of t.he subscription, on each
share, one. dollar t andjhereaftejri when
the Company shall be formed, the stock
subscribed shall be paid-in such ' ihstal
ments, and at stich times, as the Presi
dent and Directors shall, from time to
time, require, as -the work advances?
Provided, That not more than one-half
shall be demanded within anyone year
from the commencement of the work, nor
any payment demanded limit attcssi
thirty days' public notice thereof shall
have been given in such public newspa
pers as tho said Prietiident and Directors
hall direct such notices to bo published
'n ,ndi .whenever, any jubtcribet fhtll
fail to pay any Initalmant called for by the
Company, It that! .and may ta. lawful for
i ha. -Comiar,yV'ponovi4f ebk nvaJa
in any Court of Record, after tert days
notice, to: ohtaia . jtidf merif.'iEl6it.tli.
subscriber so fai inir to na 1 or lhsaid
t xf t!ay -norrce1n"iaeK "p ublTcTrr s papa n
at tney may jurFre proper ; and, il the
proceeds of any suoh sale ah ill exceed
the sum demanded, the surplus, after
paying the expenses of surh sale, shall
be paid to the subscriber aofailittjr, or his
legal representatives; and the purchaser
at such sa!e shall become a stockholder,
and be subject to the same n:les and retj
ulations, and entitled to the tame privil
rne rights, and emoluments, as original
subscribers under this act. -
Sit. t.' And, to continue the succession
of the said President an I Director., aid
to keep up the same number, le it enac
ted, That from time to lime, opon the
expiration of the said term for which the
said Piesideni snd Directors were appoin
ted, he stock holders of the saidCompanv,
at their next general meeting, shall ri
theT continue the laid President and Pi
rectors, or any of them, or choose others
in their stead ; (and, umil tuch choice be
made, the President and Directors far the
time bein; shall continue in office :) and,
in case of the deatn, removal, resigns'
tion, or incapability of the Piesicfent, or
any of the Directors, may and shall, in
manner aforesaid, elect any other person
or persons to be President and Directors,
in the room of him or themi so dying, re
moving, or resigning; and may, a' any
Sftrr'rtieirfrrcfar 'SneeflafirffrnWIr
the President, or any of the Directors,
and appoint others for and during the re
mainder of the term for wTikhlsucKpef
son or persons were at Beat to hive acted.
Sec. 7. And be it further enacted, That
every President and Director, before he
acts as sttch, sb-all take an oath or affirma
tion, for ihe due execution of hit offi-e.
Pec. 8 And be it J inker enacted, That
the presence, in person or proty, ol the
stockholders having a major part of the
stock, at least, shall bo nec ssary to coo-
atttute e freneral me9tif the atoek-ftttc
holders, which shall be held on the fi st
Monday in Mjy, in eTy -year, at ystr:n
time, appointed- by ih said t;ira rn-
ttCt-; but, if a -tufrtcicHt number anail
not attrnif iVn ihat Hafr. rhe srr
who do attend, and the business of the
Company is finished : to which meeting,
report, and render distinct accounts ct all
their proceedings ; and, on finding them
fairly and justly slated, the stockljolJcis
tfien present-, orT"mi)Vi Ity n'hTn7'iRaIl
give' a ceniflcate-ahereof, dupttcate ol
which shall be entered on the Company'a
books ; and, at such ycatly general nice
tings, at;cr leaving in tne hancs ci tnc
Troasu'er such su'ns as the stockholders, I
or a majority of them, shall judge neces j
sary for repairs anri contingent charges, :
an equaLdividtnd of all the r.ett" profiti
arising from me tolls hereby granted,
shall he ordered and msde to and among
all the stockholders ol the said Company,
in proportion to their several (shares, sub
ject to the several provispns and enact
ments hereinafter declared: and, opo-i
any emergency, in ihe interval between
the said yearly meetings, the snid Presi
dent, or a majority of the sai l Directors,
may appoint a gen'Hl meeting of the
stockholders of ! he ( mpinv,st any con
venient place, giving at loan one mon'h's
previous notice in such papers as thev
shall think proper ; which meeting may
be. adjourned, and .continued, as afore
said; snd in case the stockhoUlers, or a
majority of them, in. troy general meeting
'ififr'enaidi ifoilt 4ttif---iitiidir:'iT
der a semi annual, rather than a yearly
dividend, as aToresuici, then, in like
manner, with like notice, and under the
like restrictions, there ahall be a half
yearly, or semi-annual dividend of net',
profits declared and paid.
Seci 9. And he it further enacted That,
for and in consideration ol the exprnse
e4Tfar 5 siock fiofe fs wfrre"attnT:u t tin g
thoaeid. oariaVeretfUoy locks
works, Dd.io ixtiprovln5 and keeping the
j8me.Jn.rep
other works aforesaid, or thich may be
required to improve the navigation there
of; at any time thereafter, wlth'atl their
profits, subject to. the limitations herein
provided, shall be, and the same are her
ty, vested in the said stockholders, theit
executors, -administrators, and assigns,
fore ver, as tenants in coflMftonrtri"propor
tion to their respective shares; andthat
it ahall ond may' be lawful for the said
President and DirFCTorrat slf tirnerf'",r
ever thereafter, to demand and receive,
at such places as shall hereafter be. ap
pointrd by the PrecJ(!eirt arid Directors
aforesaid, tolls for the'passags of vessels,
boatVJafta, ptoduce.aod all oher art
cles.at such rates as the said Pre side nt
and Directors msy hereafter allow and ea
l alnlH acCifuIog.U4Wrii f i ts is
act.
t-r l r t
areordtcftsi'ct'iii vacanVy
occasioned thereby, shairte IHIecT'bfa
ifx7T , v iv. uc " J ' J'' 1 VWI . .. 5.1' 1. J
person or persrfni appointed by the Pre
sident of the United States; and the per
son or persons so.appnihted, shall have
all the 'power and authority which was
veeted in the commissioners, whose place
he or thej miy be appointed to supply;
and rvhen any part of the canal aforesaid
shall have been completed, according to
the true intent aud meaning of this act,
the President and Directors of the Com
pany, hereby ce.ated, shall hate power,
and it shall be r duty to. ordain and
establish, a rate 01 toll to be paid upon
ooats, .vessels, raits, or other property,
pasting on the part of ihe canal so
completed, and so, from time 10 time,
as a part or parts shall bo completed, un
til the entire canal shall have beer) fin
ished, according to the true1 intent and
meaning of this act ; for the collection
of svhich tolls, iho President and Direc
tora shall have power to establish so m my
(oi.houesi nd, at their pleasure, appoint
and remove so many collectors, and at
tuch places as, from time to tine, tbty
may judge exosdient ; and the sa.d Pre
.idem and Directors shall have full u
thon y, subjeci lo the direction and con
trol ol a m ijority in interest o! ibe s'Ock
holders represented in any general mee
ting, to regi.late and fix 4 tariff of tolls,
not TSrtediflsrrt ,,ac'ftfe!ftfv twtv-tttt'',
per ton, per mile ; and so 40 adjust the
said tolls in relation to the captcity or
hoTtrenfff the boats, ami the dimension
of the rafis, pissed the locks of me said
canal, as to penmate! economy of water
and lime, h ne navigation thereof.
Sec. I I. Aid te it further exacted, That
the PresiJent and Directors shall annually
or semi anomlly declare and make swh
dividend of the nctt profits, from-'the totls
to oe received, uccotd'n to th provisions
ol this act, ami from other resources of
.4Jsmpanr, s ihey msy deem-ad visa-
ble, alter deducting therefrom the neces
sef rttf rent-nnd itic rrrcbubie coonngeot
expcs,1a'dfvtdtd7aijrTiTnnc
jKieioi s 01 tne aiock ot tne saU Lomp my
in propoiion to 4tvtir retpectivo. toarck.
nav reached twenty per centum, beyond
which it shall never extend; but should '
that amount tor any two )ears in succcs-
ston, (hen suuti excess-lU-bfr apTrtied
',?'i ""'I Directors, in such
moTc athaiFGjjjigi eed on by e majopfty
of tne stockholders, ronvened in general
uwciiog, tti "fciKiigiheoing, improving,
and estrn-.ling the works of the canl ol
tvciy lccriju n iccjuuiog the aatne;
aii'l siiould the said lolls continue, af'icr
such ia;p: ovcnieuts tuve been completed,
to nctt mm e inju twenty ptr rent, per
aimuuito il-.e atockiioldert, for any two
years in succession, the lulls upon Ihe
same snail tie retimed by the President
and Dsiectni-s, according to some just
and equitable ratio, till the si1 dividend
sii.ill f id to twenty per cent, per aim tin i
I'riv'dcd, 1 oat should the Sl l dividend
iht-reiTteF"sin!6 per reht.
per annum, the satd tolls, or a parr tnere
of, may be renewed, till the said nctt
divtdsnd readies tint amouut.
Sec. 2. And re. it further enacted, Thai
the said canal, aoa tne works 10 Oe ercc-
ted thereon, in virtue of this act. when
completed, shall lore vtr thereafter Le cs-
.teemed and taken ,o be navigate a, a "
public htgiiwjy, tree for the iranspHla
lion of all goods, commodities, and pro
k4teV
to be imposed, as provided by . this act ;
and no o'her toll or tax whatever, for the
use of the said canal, and the works
thereon eiected, shall at any time here
after be imposed, unless under sanction
of a la of the United States.
Sec. 1 3. And be tt further enacted. That
it shall and may be lawful for the Presi
dent irrd Dirtcrprs, or a majority tf ihernri
t I ariajyy
ilus. aatd canuVor,,.any ijJbe.ara9,befii?.
ted, or of the land necessary for the c;on-
chase or use and occupation thereof and
in case cf disagreement,, or in case the
owner thereof shall be a feme Covert, un
der age, non-compos, or out of the Dis
tract of Coiumbiaf on application to a Jus
ire of the Pence, shall issue his warrant,
under bis hand and tea), to the Marshal
of the District of ColuTTrrdi, to tnmTnon a
jury of eighteen inhabitants of that cou.v
ty, not xelated to the patties,' nor In ?,v
manner in;rete,' to me'eCon tho land
to be valued, at a dsf td T-ii ipreiseTlii the "
warrant, in lens than ten, nnr i,Kr (han t wen
ty thereafter i and ihe Mpt,i, Vpoti re, I
ceivinjr tfie mid rrtit, iha'1 forthwith wimmori", I
the aad J'JTr,",a;!i.s,i)c4,mKt. aUU a-lm,fr
shall rrr, heiir nnt re-sthn trrlve in 1,11m. I
iiT(Tinir,nr 'iufi, imi in in'incei tne owner
tr.mttietnr urm, anrt U TiamS(jet tne owner'
.. ,-. J-r,. - , t. " , r
S51C!J MU3MI. 1AH,UIM-OI OCftUWll iw hMSf r
1 r - " (1, v. - -1 1 iuu, uwir,
d'mir to fhe-hr of hir skut and Judgment, an
th.r, in iieh valuation. , hff will nnt apara any ;
person for favor or aC'ectinn.. rtor any Of'r.toti
grieve, for malice, hatred or, ll-nillt and ia
every such valuation and assessment of iitv,ajrei ' V
the jury shall b? and lliey are befe"v, L.- jc. , .
ted t cciiaiderir. detenttlninr and fiiitur the
amount thereof, the actual bere8 wt,eh will
accrue to ilm owner, from eonductinir the nid -:
canal tliruugli, or erecting ant ol the said wnrkj , -
upon hit land, "ltd to regulate their verdict
thereby, except that no av tsment ahall rerjuire
any tuch owner to psy' or contrihute any lbing ,
to the said eompsnr, where ueh benefit shall
exceed, in the estimate ol the jury, the value
tnd da.mgs av-r?ind at afoirnidr and the
acquinitmn, iliercupoii Itken, shall be aignad by
the Manh.l, and some teU'sor mora of tha
jury, and returned hy the Maethal e th Clefle -of
the County, and tjnlen good eauie be shown
ajrainst the; taid Inquisition, it ltall be afUrmed , .
by the Court, and recorded 1 ut if the taid in
quiaition should be set aside, or if, from any '
cause, no .)'q'i;'itio.jhRlUe.JUurnedli-- ''
court within rettrmable time, tse sH Court)
may, at its dincretion, at often at mav be '.r
r)'( direct arjother ioquititioa lu bi al.j. . ..
ttt manner above prejeribed 1 and vrm er-ry
such valuii, the jury i hereSr direeied .to
detcrihe and atcertaie the bounds of the 1rA
by hen valued, and the quantity and durst'
f the interest and estate in the nine, r-rriire'l
1... .1.. ..LI r, f. .- . .
V " Jnl yuutfimny , tor 1 1 usej and 'neif
valuation tliall he conclusive, upon all pertu,n, .
snd Thsll he ..aid by the taid Hn aident and Di.
recton to the owner f the Ian I, or hit legtl
repreenitivei jud mi paymn( thereof, the) .
said tJomoan tall be neied of tuch land, at of
l tiiWuy. eauia . pMpetttrtr, ,vr--sr1fly itr1i"'-,tenww 1
test qiantity ni duration or inte-ert in the
same, or mSjcct in h.i- h partial or temporary
me or occupation, m filil b required and de
rhett. fs afcfesjiiirf xsaafBt ay tki hwnr ;
ol ihem ; and wlier.vir, In the eontUuctioo of
h hI etnal, m- any of the worka, thereof;
locks, dlfi, ponds, feeders, tunnels, arpieductt,
bridges, or works, of any other description
whatsoever rp.irtenant thereto, it shall be ne
ccwary to ue tarth, timber, atone, e gnvel, or
sr.y other n.atetiat, to be fuuad oa any of this
Uii.S adjtct;it!i..or. jseartheretu-. and the ealcf "" z
(resident ami Directors, or their agent, cannot
procure the sme for ihe Works aformid, by
rivHt ntra( t, of the proprietor or owner, of
in eaae ilia aiwner-ahalt-be a feiriiiaVrfeeV : :
non-compiia, or under age, or out of the Dwfri.-f
of titlamntnreavfte ''pr'ooeediegi';l
toecrs. slulf be I,kL as in the eau, hi.r.. .
iioiscsl, ni tlse aw'wmt and eondemh'TTtrnrwnwKT
rtthaUuda.fjr.ihe eaid canal, or (be workt tppxtf
,te?l!WA,lk
Qr 1 f yf
halt be 1I10 duty ol trie (jompany hereby incor.
l,l,r' e'' ' cut mt and construct theaaid
I u :l. ... I . .J ...m.- . . 1 . . '
wi n Kinm hi "mnciem locxs. on Ihm
tnereur, ana witu wnith ot not lei than fortr
fter r the nirfkcerpf the wileV tb'reiri,' or ofT
1 "":el5ILl ,evl " I1"8 OO'tom tnrreof, nnlfff
bsse, to tdmit nfa suflicient slope to preserve
thj bai.kt fr(in sliding down, and suffiRient to
titmit, at all seasons, the wtrigation of boats and 1 '
rafti with a depth of not le- than forir fet wa
ter, at the least 1 and whenever Wattes shall b"
essential to the security 0f the laid canal, audi -n
no oth:f situation whatever, along the same;
the waste wtr iT the said canal may be, front
time to time, aold or disposed of by the said
Company,- for the pirrpose " .'f-fiipprying aucl
worka aud machinery as require a water power
and along one aide at least, of the fid canal, and
such aqueducts at it my render neceaaary
there ahall be provided, throughout ita whole -extent,
a towing p'h of aufUcient breach tw
sppty the power ot huracs to the navigation
'hereof.
Ssc. II And le it farther entiettd. That the)
stock of ihe Md jMHinir-ahalt tR eonsiderej
as personal estute, and dull only be rai.'Vrabla
by the owners thereof, in person or- by proxy,
on the book of tho companv . Prnidcd That
no transfer shall be made, eacept for one or
more whole Siares, and not for nan of aurh,
Is'isre or sliarei, andthat no share or shares shall
l l,jr ume.btt old conveyed, or held in trust.
f "
other, whereby the said I'resitlent and Direc-'
tors, or the seoekholdera of the taid company,"
r. any. ALMieuv juuox r',''K?J?tl(?!
thst Vfy person aLpearinz. as aXoreaaLL'ta a
i-
compwuy; be, to eve(y intent, taken absolute)1
at ich ; but as between any trustee, and tjja
person for ,whoe benefit any trutt shall be crea
ted. the common remedy may be pursued."
Site, 16. And it furthe mncted, That If
the capital aforesajd a'wll prove insufficient,- ie
shall ami may be lawful for the sakl co.mbanv
f.Aill- lim lik l.m. tn InMM.M . U ' .1 .
oy-we atwuo'i; omaytsyt-a
be utlged necessary oy'theaaid ocl
atockholdere,
flrth:e..aaid..ia2aiJlpajiy4.-
by empowered and rtnuired, after rivimr e
least two. moiitbiUprevioua noiioo thereof - in.
proper, lof reeivipg inch addition! aubacHn-
tinna, in which' the stockholders cf the taid
Company, for the time being, ahall, and are,
hereby, declared to' have the preference of all
others, for the first thirty days after the taid
books thail be opened; at aforesaid, tjf taking -iw
subscribing for to many whole ahares a
any of them shall choose t the said Presi
dent and Director are hereby required tflrobs v
rve, in all pthr retpecta, the tame rula
tjierrin, as are.lby this act prcacr'btsJl for fe
ceiving an l a ljutiingJhefirst tubw?riptions,andl
ua like fuunucr to returr), under te tik&js f
m-TTT-tmprovtd pla i fur ejtwhrh)tr"tr tHrtrief M
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