Litchfield enquirer., 1837-06-29
HENRY w. EDWARDS.
An Ac. relating to Joint Stock corporations.

<AH xACS L0lu0HS " JULb OgVCA CUIpOIdVUIlSs
 SEc. 1. Be t enacted by the Senate and House of Representatives n General Assembly conUened That all corporations organized and established under the pro- visions of this act shall be capable to sue and be sued to. appear and prosecute to final judgment in any court or elsewhere to have common seal, and the same to alter at pleasure to elect in such manner as they shall determine, all necessary officers; to fix their compensatons and define their duties; to or dain and establish bylaws for the government and regulation of their affairs, and the same to alter and repeal, and to employ all such agents mechanics, and other laborers as they shall think proper.
 SEc 2. Any number of persons, not less than three who by articles of agreement in writing, have associated, or who shall associate according to the sumed for the purpose of engaging in and carrying on any Kind ot manufacturing or mechanical or mining or quarTying or any other lawful business and who shall comply with all the provisions of this act shall, with thef successors and assigns, be and remain body polite and corporate, under the name by them assumed in their said articles of association.
 SEC. 3 The amount m of tbe Capital Stock in ev- Stockholders in their articles of association and shall in no case be less than four thousend dollars, nor more than two hundred thousand dollars, and shalbe divided into shares oftwenty five dollars each.
 SEC. 1. The purpose for which every such corpo. ration shall Do established shall be distinctly specified by he stockhoder in their said darcles of association ana shall not be lawful for said corporation to direct Its operations. or appropriate its funds to any other
 SEQ. 5. When any number of persons shall have as. .s.sSt ~oSs"uuS !o ue prOvistonb Ot tnlb uct, my two ct them may call the first meeting of the corpora. ton. at such time and place as they may appoint by giving notice thereof n any one or more ne,vspapers printed g tho County in which such corporation is to be established, or n any adjoining County, at least
 fifteen days boioro tho time appointed for such meet inc,
 BEc. C. Tho stock, property, afalrsand business of every such corporation shall be under tho care of and Shall Do panaged by not lose than three Directors, who aln De chosen annually by tho stockholden, ni such tlme and place ns shall Do provided by tho by. Inws Ofeaid company, and who shnll be stockhodcrs and enl| hold ileF offices for one year. and until oti' oHa ehall Do chosen in their stead. q,
 eEc C Every such corporation shall hy, their said mama. have power 10 purchase, al;N. Hold, occupyl pcneele and enjoy Co thom and their succcssoFr, n!l tieh lands, i6nqmenis. and heFoaliagenia end hll egel ptopeFlg RQpla chasteg and eIleoin, of every Kind, co eha he uoeoasafy ioF tho purpose of said company and HlehoihaF gnds, lonemolls and hered' IlaHDnie as shall be taken To payment O nF as secu' iy oF atbis eng l0 aald company, ngd ile eafto io let leas., s.lh nlfn and dlsgiAe q nt plaasuTe.
 Ek1, V Ill9 alFpqt0Fs nf every such corporation lHaN o1eqee qlle ef litlF nprnber e be kveedenl. 1NeY sh4i also oheo10 Nnoletnfv end Tfeaeiggr ag lsli onmtanv, aNd sleh oi aGtlla bynwN 0f tho toHpnt ahan plpaerhes wlo shall hold thelr ohces