American watchman and Delaware advertiser., 1826-04-14
WILMINGTON, Del. FRIDAY, APRIL a. 1926.


The same OF any part thereof in their dscretion to sell
or otherwse dispose off TO call for monthly other in
s,anents ofNhe stock, exceeding ten dollars on each
share per month"; at least two weeks notice having been
gyen to apply the said instalments when received and
all oher funds OF the company far may be necessary
to effect the objects aforesaid, and in payment of the ne
cessary expenses of the company and to pass all such
resolutions and byeaws may be necessary to carry into
effect the powers vested in them by this charter and the
said resolutions ard byeaws, alter, repeal annul or
nevertheless to the revision and control of
the stockholders in the manner hereinafter provided
Sec g. .4nd be 1t enacted That the treasurer before he
proceeds to act shall give bond the said corporation in
such penalty as the directors shall prescribe and with such
suretes other than directors, majority of the drec
tors shall approve conditioned that he shall faithfully exc
cute the said office of treasurer and account for pay and
deliver such time and times and to such nerson and
persons as the said directors shall require and direct all
monies, notes and other securities papers and effects be-
longing to the said corporation which shall be entrusted to
his care, or be in his possession.
Sec. 10. And be enacted That the directors or ma
Jory OF them shall have power to be laid out
and with the consent of the of the land open
and make passabe, any road roads from any landing
place, which they shall deem convenient use on the
Chesapeake bay or any of the rivers nets the
Eastern Shore OF this state, to the line of the Of Del
aware and it the owners or any of such land as
may be designated selected laid by The said drec
tors Tor road landing place, shall be legally incapa
Bile OF consentng or the said directors from any
cause obtain the consent OF any owners of any
land deemed by them necessary for road or landing place
as aforesaid it shall be the duty of the sheriff of the
county in which such land may be- on the application or
request of the said directors summon within ten days
after he shall receive such application, twelve good and
lawful men, reehoders in the said county, not Interested
related to any of the said ners any member of
the said corporation as jury to meet on, anu examine
the land deemed necessary for road or landing and
their oahs to be administered by the said sheriff.
fully and impartay to enquire and ascertain as well who
the owner owners of the land required as the DANA
ges which will be sustained by each owner of any such land
and make an inquson thereof under their hands and
seals which nquiston shall be returned by the said sheriff
to the clerk of the county of his county, be by him
recrded and the costs Of taking and recording such in
QUESTION, shall be paid by the said corporation and pay
ment OF the damages so ascertained, rendering the
amount thereof TO the person persons entitled to receive
the same in case of their refusal accept depostng
the anunt IN the Franklin Bank OF Baltimore to the credit
o the person or persons entitled the right to such
land for road landing place. shall be vested in the said
company hereby incorporated.
Sec. Ill And be enacted That the directors shall de-
clare dividends of the profits realized by the company or of
SO much thereof from time to time majority of them
snail deem eXpedent after reservng such they
shall decide TO be reasonable to meet the expense of re-
pairs and to provide for the building purchase of any
new boat carriage other articles necessary for the
OF the company And at the time of each annual election,
and ALSO at the time of paying each dividend Of profits
statement of the affairs Of company shall be exhibited
for the inspection of the stockholders.
Sec. IL Ind il enacted That the president and drec.
ors, majority of them, shall have full power, after Civ
ing at least thirty days notice. by advertisement inserted
in at least newspaper Baltimore and Phadel-
pha to forfeit and dispose Of for the of the company
any share shares of stock, upon which in.
amens shall be due, unless the nstaments DUE with
interest thereon from the time when the shall have
been payable shall be paid before the day limited in such
notice. the owner of such stock may be compelled hy
action, 10 pay all such instalments
Sec. 49, find be enacted That the directors shall
regular minutes of their proceedings board be made
and preserved in book and regular books be opened
and kept containing record OF the number OF shares of
stock owned by each sockhode and of all transfers of
stock and such transfers shall only be made the book
provided and kept, by the sockhode or his legal repre-
sentative person. by attorney authorized in such
ner tile bye-aws shall provide. And certificates of
stock and of transfers. may be issued in such and
form as the board shall from time to time direct
Q.I L.. >Ln@xI xI,.c rlzIz
such the bye-laws shall provide, which the
holders of majority Of the whole number of shares fstock
shall be present. shall have full power alter repeal
any bye-a made by the president and directors
to make such new bye-laws rules and regulations
shall to- which shall be binding the president and
directors provided that such byeaws shall not be
any of the provisions of this charter to the laws of
this state, of the United States.
Sec IS .4nd be enacted That all the joint stock pro.
perty funds and effects of the said company shall be
swerabe for all he made by, for the said
pany, and for all just claims against the same but
Of the stockholders shall be liable in person property
any contracts Of or claims against the said corporation
and the service of legal process any of the directors
shall be sufficient service the corporation.
Sec 16 .4nd be enacted That nothing in this act, shall
be construed authorize said company obtain
Of any private wharf already established without
lie consent OF the owner or owners OF such wharf
Sec H. 4nd be itenace, That nothing contained in this
shall be construed to restrict the right of the Legisa
te, which hereby reserved to its fullest extent i'm
from time me and at all times hereafter, and levy
such reasonable by license otherwise upon all vessels
or other property and funds in which the capital
stock the said company hereby incorporated, shall be in
vested in with similar vessels property estate
funds of any other company, corporation or individuals Of
Ills
49, 4nd be enacted, That this shall continue
force until the expiration of the eighteen hundred
and y and until the end of the next session of the gene
raj assembly, which shall happen thereafter.
Il April z. 40-3t
CHEAP GOODS.
WTLLLAT & SAMUEL .M'CaULLEY