The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1830-07-15

er shall be femmecovert, ,or non-com-
pos, or under age, or out OF the Dis
trict of Columbia, the same proceed
ings, in all respects, shall be had, as
in the case before mentioned, of the
assessment and condemnation of the
lands for the said canal, or the works
appurtenant thereto.
Sec. ID. And be IL further enacted,
That it shall be the duty of the Com
pany hereby Incorporated, TO cut,
make, and construct the SAID canal
with good and sufficient locks, on the
most improved plan for expedition in
the use thereof, and with width of
not less than forty feet at the surface
of the water therein, or oftwcnty-eight
feet M the bottom thereof, unless the
quality of the soil shall require mar
row base, tn admit of "A sufficient slope
TO preserve the banks from sliding
down, and sufficient to admit, at all
seasons, the navigation of boats and
RATS with depth Of not less than four
feet water, mt tho least; and whenever
wastes shall he essential to the security
of the said canal, and ia no other sit
i uation whatever, along the same, the
. waste water of said canal may be, from
time to time, sold or disposed ofby the
said Company, for the purpose of sup
plying such works and machinery as
require water power; and along ono
side at least of the said canal, and such
nqucducts as may render it necessary,
there shall be provided, throughout IT.
whole extent, towing path "f suiilc-
lent breadth to apply the power OF
horses to the navigation thereof
Sec. Is. And be II further enacted, Tint
the stock Of the said company shall 90 con
sidcred as personal estate. and shall only
be transferable by the owners thereon, ~
person or by proxy, on the books OF the
company: Prorided, That no transfer shall
be made, except for one or more whole
shares, and not for part OF such share OF
shares, and that no share or shares shall al
any time be sold, conveyed. or held IN
trust, for the use and benefit or in the name
Of another, whereby the said President and
Directors, or the stockholders OF the said
company, or any of them, shall or may bc
challeng ed, or made TO answer concerning
any such trust, but that every person APP
pearing as aforesaid TO be stockhold der
shall, as to tho others Of the said company
be to every intent, taken absolutely as such
but as between nny trustee, aud the per
son for whose benefit any trust shall bt
created, the common remedy may be pur
sued.
Sec. l6. .4nd be IL further enacted, Tha
If the capital aforesaid shall prove insuifc
iep,, it shai. and may be lawful for the sai'
company from time to timo, to increase th
said capital, by the addition OF so man.
whole shares as shall be judged necessar.
by the said stockholders, or a majority q
them, present Mt any general meeting o
the said company; and the said Presiden
and Directors, or majority of them ar
hereby empowered and required, after Civ
ing at least two months previous motto
thereof in such newspapers as they ma
think proper, to open books at such place
as they shall think proper, for rccclvin
such additional subscriptions, in which IN
stockholders Of the said company, for tn
time being, shall, and are, hereby, declare
to have the preference Of all othcrs, for tn
first thirty days after tho said books sha
r be opened, as aforesaid, oftaking and sut
scrbing for so many whole shares as an
Of them shall choose; and the said Pres
dent and Directors are herebv required
observe, in all other respects, the sam
rules therein, az arc by this act prescribe
for receiving and adjusting the first sui
scriptions, and in like manner to retur
under the hands of any throe or more
them. an exact list Of such additional sui
scriptions, with the sums subscribe to th
Secretary Of the Treasury of the Unite
States, to be by him preserved, as aiore
said; and all stockholders OF such addition
al shares shall, and arc hereby, declare
TO be, from thenccforward, Incorporated. IL
to the said company.
Sec. IL. .7nd be Il further enacted, Tht
whenever it shall become necessary to snt
iect the lands ofany individuals, to the pu'
poses provided for in this act. and their cor
sent cannot be obtained. !, shall and ma
be lawful for the company TO enter uoo
such land, and proceed to the execution {
such works as may he requisite; and th'
the pendcncy of any proceedings in an
suit, in the nature of writ Of ad quo
damnnn, or any other proceedings sha
not hinder or delay the progress of th
work; and il shall be the duty Of evcr
~ Court to give precedence 10 controversial
al which may arise between the company ere
!, ated by this act, and the proprictors of Ian
sought to he condemned for public use
and to determine them in preference to
other causes.
Sec. l5 .1nd be Il farther endcied. Th
the Common Council Of the town Of Ale
andria be and they are hereby authorize
to subscribe for the capital stock Of the so
Company, on behalf of the Corporation
the said town, and to borrow money {
the payment thereof, and to raise by take
to be imposed on the inhabitants of the ss
fnwn and the nroncrtY therein such sur