Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1805-09-04

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suoscnbsc TOR. the commissioner shalt convene
\ the stock holders on certain dzv 70 he nar,sd
ana AZ certain iiase, in the town Of Manobes.
ter, and they or majority of then, in n.,.,,
or by proxy shall proceed to uppcint tw elve df.
.eetors IN case ihe treasurer IS one and ,b;, cen
ns - no' VINO shas. form board and proceed
10 be appointment, o President. ca sh;cs and a.
iher officers and selyan,se All t,tyaions or an
Pointmenrs shall be by ballot Remoy,i sro,,,
Manchester or Richmond shall vacate the sea,,
OF Director. unless it be fren one Of those p,,.
ces TO the other All vacancies whether by re-
moval. death, or resignation, sha be supplied nv
the other Directors Tor the time being that INK.
Directors. so to be appointed. shall coniiaae in CT
flee until the frsr day Of JANUARY, succeeding
their appointment, which is hereby declared 10
be the day for he annual meeting of the said
stock holders, in the town of Manchester. on
, which day in every year shall board of direc-
tors be chosen as aforesaid who shall in like
manner proceed TO appoinr rheir PIesident, Ca
shier. and other officers and servants : all Of
whom Except the Presidency are at all times TO
be arnenable TO the President and Directors of
the said company: fbe Rcsidfnf and Directors of
roe Manebcsfer Canal Company. shall in proper
ton 10 their annual tolls. as soon as thci: canal
is complicated, assist the James River Company.
in the improvement of the upper navigation;
thar ar the annual meeting OF the stock holders,
tu and lair statement of the books, exhibiting
the whole transactions of the said Company, (ex-
cept private accounts OF individuals in the use of
the surplus funds hereafter inen,ioness shall be
Produced for the Inspection Of the stock holders.
tina, the comrniss oners, aforesaid as soon as the
President and Direasrs chosen. shall deliver
over to them the books of subscriptions 10 the
said Capital stock chat the stock-hciders at
their hrst msctug, and At every annual. meeting
thereafter. shall have power and authority 10
make all such bye laws, rules and recust;ops.
tor the better government Of the said President &
Directors OF the Manchester Canal Company
thercashier officers. < servants & all other mat
tiers things of q concerning hetgh,s & du les of
the sasd company IN making the said Canal, or
IN any other matter or thing ccncerRinr The in-
/ ,erest of the said Company. as the said stock.
holders in person or by proxy may deem proper
/ nor ininnging upon the laws the United
States or OF this state: that al lands stones or
timeers. necessary for answering the ends ofthis
act m case the said company shall be able 10
agree with the owner or owness thereof shall he
valued by jury, to be ordered, on application to-
tue superior court of chanchery, for he Rich
ulond disirla. or to the Judge thereof in,vaca;-
on that upon the report of the said iury if the
same shall be affirmed, the said company
shall pay the amount thereof to the person or
persons entitled thereto: aud ,hereupon he SAID
lands stones, or timber. shall be absolutely ves-
led IN tic said company thar all the surplus
capital belonging TO the said company or that
may accrue to them, in the purchase Of public
OF other stock, or in any other monied transac-
tons OF operations shall oe applied by the said
company, in any way they NAV think proper
zns hing herein containss or conta ned In any
existing law, 10 the Contrary notwithstanding
Provided, neverthels ss thar nothing her rein CEN
tanned shall authorize the said conlpsny 10 &C.
quirs or held. amy real estate, but for the pur-
poses bsiAse mentioned: Proyited also ,ha, the
state shall rot be liable fox any rlris,anar nent Of
zoe Fresitf-nf snd Directors Of zee hasesestcr Ca
nal ccnfamy, ct their surplus capital, or that
winch may acetrs TO ,hesi in the purchase OF
+ pubic or other STOCK, or i'll any other rnonied
I transaetioes or Operations, but in proportion 20
Der interest IN the said corporation or COMPANY
that IL shali be lawful for the Pyesi5ert and G;-
reeisrs g tbe A<anebester Canal Company to cali
upon the stockholders respectively from ,irc
20 tine as they shall think proper. FOX si sums
BY than subscribed, any part thereof with
the sad com saiisioners, as the said President &
Directors shall rhin% proper, under pain or fer
tsture on the part Of the saS stock hudex, Of
their shares, and of all previous payments thsrs-
oni that the said President and Directors shall
provide their necessary Offices in The said town
OF Manchester. and shall always convene there.
tor the purposes of this an that the Canal a.
foresad shall be begun and complicated in rem
yeas FROM che meeting OF the FIRST board of ths
said Pfesi'.eni and Directors: And provided ale
SO, shat until the said Canal shall be be gun and
prosecuted for at leas, six months with industry,
IN order 10 ascertain what the proba be expense
will DC, that the amount of the supposed surplus
capitol may also be known, nc part thereof shall
he used by the said PSesidenf and Dirscfors Of
tbs 4nancb-sser CaEai cosnpasy in any other way.
or for ans otheY purpose, than prosecuting the
work of the said Canal, and in case che said
Compspy shall at any time before the said Ca
nal rs complicated relax, in TIE execution of their
plan, the use OF their supposed surplus capital.
in any other way or for any other purpose, un-
der this act. shall for that tune. be suspended
upon pain ef forfeiture of their charter ,hat
FOR any injury which may be done to the public
works of the said company. the persons SO Of
Tending on conviction thereof in the ordinary
course OF law. shall pay three times the amount
OF she Ve,diet, in every such case with double
costs of suit. and Judgment shall DC catered ac-
''oordingiy thar 1t any person, snail forge. or
counerielt, any note. bill, receipt, OF the said
President and Direaess purporing on the face
thereof 10 pay 70 any one, or bearsr. any sun OF
money shall AID, OF ASSIST, in forginf or coun.
terfeitng any such note. sili. receipt nc or she
shall conviSion thereof be confined in the Jail
and psniteniizry hose A. hard labour for not
less then ten, and got more than twenty years.
r that AL the stock subscribed for, to the said
company, shall be held and conveyed as real es-