Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-05-11

chairman, other presiding officer shall be regularly
kept and carefully preserved, in we-hound books; and
the names OF all the stockholders present whether i'm
person by proxy, shall be always entered the mi.
nues.
IL The President and Directors of the Company sub
ect to the control OF the bylaws, shall be charged with
the immediate and superintendent of the affairs oil
the company with making and executing their contracts,
either by themselves, or by their lawful agents; with
constructing and preserving their works; with the
dy aud preservation OF all the property of the company;
aud with the control and direction of all their agents A
quorum for the transaction of business shall consist OF
the President and majority of the Directors; when the
President is absent, OF the Directors, any five OF
them, one of whom shall be appointed President pro
tempore.
Is. They shall keep regular journal their proceed.
ings verified by the signature OF the President and pre-
served in well-bound books, wherein the OF the
members present shall be always entered and the vote
OF each member recorded. They shall cause regular
books account TO be kept OF all the receipts and dburse
ments, and of the dealings OF the company; and shall
their books TO be regularly balanced annual
y, on such days as the stockholders in their by. laws
shall appoint.
TO- They shall keep regular roll OF their stockholders
and shall furnish each more certificates of hi
poaon and he SIC aae lie p res he sea Of ne cor
shall he deemed personal estate and such. shall pass
topurchasers, executors administrators: Before the
dividend such stock shall be paid any purchaser ex
ecutor or administrators regular evidence of title shall
exhibited to the President and Directors and the orig
nal cerhcae OF stock, satisfactory proof OF its loss
shall be produced Whereupon the stock shall be trans
ferred upon the books, and certificate or certif
Gates granted Until such evidence OF tile shall be pro
duced TO the President and Directors, or they shall be
restrained by legal process they shall be justified in pay
ing the dividends TO the persons in whose the stock
stands upon their books; and the company shall not be
chargeable therefor TO any other claimant.
IL. Within thirty days after the adjournment OF the
hrst general meeting OF the stockholders of which pub
lie notice shall be given in such newspapers as the Pre-
slden and Directors may think proper the stockholders
other than the Commonwealth shall pay into one of the
nj their Olhr nf
and deposit such the President and Directors NAV de-
signae, the further OF FIVE dollars on each share
their stock and they shall pay the residue OF their sub
scrptions in such sums, such times and in such ma
ner, the eXigencies OF the company NAV emand and
as the President and Directors may from lime time re-
quire.
H. If any stakeholder she'll fail to paw the sum re.
CURED OF him by this act within thirty days after the adj
ournment OF the first general meeting, public notice hav-
ing been given thereof in the above required OF
shall lail to pay any other part of the subscription law.
fully required OF him by the President and Directors a
ter such requsion shall have been advertised four
weeks in some public newspaper printed in the Civ Of
Richmond, shall be lawful for the President and ri.
ectors after advertising the time and place sale for
four weeks, in newspaper published, to sell al
public auction Tor cash. the share shares of the den.
quent stakeholder and TO convey and transfer the same
TO the purchaser And the said President and Directors
"t'st 'e'o"i"S from tho PI.ss money the and
charges OF The sale, and the amount in aTrear and due
the company, shall pay the surplus, il any, to the
said stockholders his legal representative n the mr.
chase money shall be insufficient TO pay the cost and
charges OF the sale, and the arrear and due 10 the
company then the delinquent stockholders well as the
original subscriber for the Stock and the heirs executors
and administrators OF each of them shall be liable
for the payment OF the balance; and such balance NAV
be recovered OF the original subscriber and delnquent
sockhoder, jointly severaly, from the heirs ex.
ecu'ors or administrators OF either, upon motion
days previous notice, IN the inferior superior court of
the county corporation in which the defendants or Ell
Their OF them may be found, or by warrant before ms
ce OF the peace, where the be recovered is with
in The atsVfas lirffoV, ~ e., A..
proper action before any court having cognizance thereof
The purchaser at such sale shall be regarded as an org
nal subscriber and SUCH he his heirs executors and
administrators, shall be liable for all subsequent den-
quences.
10 When the other stockholders shall have maid sucb
proportion OF their subscriptions will be equal to the
proportion OF the States subscription, paid by the transfer
OF their property Aforesaid, then the resiIue nj tho
States subscription shall be paid from time TO time IA
nearly as may be- in the proportions in which the other
stockholders shall be required pay the residue of their
subscriptions.
20. At the expiration of thirty days from the adjourn
ment oil the hrs general meeting OF the stockholders az
aforesaid the whole interest OF the Commonwealth i'm the
works and property OF the present James River Company
shall be- and The is hereby transferred 10 the lanes
River and Kanewha Company, hereby incorporated 10
be held by them forever for the sole use and benefit of
the stockholders and from lhenceforward the COMPANY
hereby incorporated shall be entitled TO all the tolls rents
ana DINER emOuments rights, privileges and immunies
which are now enjoyed by the James River COMPANY
subject however the incumbances limitations and re-
strlcons in Ibis act declared. he President and Di-
rectors OF the COMPANY their officers and agents a,
the expiration OF the said thirty days, shall take posses
sion OF the property and works hereby Transferred md
enter upon the receipt OF the tolls rents. and other
emolumens thereof Tor the benefit OF the stockholders;
but until the expiration of the said thirty days the sail
property aud works. the tolls, rents, and other emolu.
ments thereof, shall be and remain for the use Of the
Commonwealth in the same manner as If this act had
never passed.
FL. he James River and KaDawha Company shall
take the property hereby transferred to them subject TO