Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1816-03-09

least In the said company; and at all
elections a majority of the shares shall
be represented either in person or by
proxy.
A special meeting of the stockhold-
ers may be convened by the stockhold-
ers representing FIVE hundred shares,
provided they shall be held by twenty
stockholders at the least.
Upon the election of directors, the
stockholders shall be entitled to the fol-
lowing votes, to wit One vote for
each share IS sr as Eve shares ; and
for every additional five shares as far
as fifty. one vote ; and for every adj
ditional ten shares over fifty shares,
one vote.
In case of q vacancy occasioned b.
the death or resignation of the pr,
dent, or any ofthe directors, the same
may be filled by the directors if ofthe
president, out of their own body ; if of
n or more of the directors, out of
the stockholders holding in their own
right five shares at the least.
The said board of directors shall
have power to make bylaws, rules,
and regulations for the good govern
ment o fthe said company, subject, how
ever, to the repeal or alteration of the
stockholders at, any subsequent meet
ing. They shall also have power, sub
ject to the coatroI of the stockholders.
TO effect the Improvement in the navi-
CATION of the river aforesaid, by erect
ing walls, cutting canals, not exceed
ing one hundred feet in width, form
ing basins, not exceeding three hun
dred feet in width, and establishing
locks, or by the erection of such other
works not exceeding the dimensions
aforesaid, as to them may seem expe-
dent, at any place between the Upper
Wharf at Rockets and the Falls of
to river. And they shall have iuris-
dlction, Subject to the coatrol of the
Corporation ofthe City of Richmond)
to regulate fires and lights on board OF
vessels lying in such canals and basins.
The said boa dof directors, & their
! successors, or a majority ofthem. shall
have power and authority TO agree with
any person Or persons, on behalf Of
the said company to cut the said canals
and basins. and to erect such locks,
and perform such other work as they
shall judge necessary for the naviga-
ton of the said canals and basins. and
for carrying on the same from place to
place, and from time to time, and upon
such terms, and in such manner as
they shall think fit; and out of the
money arising from the subscriptions
and tolls, to pay for the same ; and to
repair u keep in order the said canals.
basins, locks, and other works ncces-
sary thereto /; and to defray all Incl
dental charges and also to appoint a
treasurer, clerk, q such other officers.
toll gatherers, managers and servants.
as they shall judge requisite /; and a..
gree for and settle their respective
wages or allowances !; and settle, pass,
and sign their accounts /; and transact
all other business and concerns of the
said company, in and during the inter-
val between the general meetings of
the same. And they shall receive. as
compensation for their trouble therein.
such sum of money as shall be allowed
by a general meeting Of the stock
holders Provided at1OdyS, That the
treasurer shall give bond, in such pc
nalty and with such security as the
president and directors, or a majority
of them, shall direct; conditioned for
the true and faithful discharge of the
trust reposed in him ; and shall re-
ceiye such compensation for his SER
vices as may be allowed by the said pre-
sident and boardof directors. find pro
vided further, That the said company
shall so secure the earth which may be
necessarily cut away or raised for the
purpose of the said canals and basins,
hat the same shall not be liable to
wash into the river, and thereby injure
the navigation thereof.
No officer in the said company shall
have a vote in the settlement or pas
sing Of his own account.
Every president and director, before
he acts as such, shall take an oath or
affirmation, for the due execution of
his office.
III. BE ii further enacted. That it
shall be the duty of the said Dock Com
pany, as sOon as practicable after o.
pening th~eircanaIs and basins, to cause
to be erected across their said canal or
basin. ut the termination Of 18th street.
a draw-bridge not less than 1a feet
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