Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1847-07-15


Supreme Court in equity, Tor contribution,
against any one or more Of the stockholders,
who were originally liable with him for the
payment Of said debts, and may recover a.
galnsl each of them their just aud equitable
proportion thereof.
\ Sec. l6. Any officer of manufacturing
company who shul pay any debt Of the com
pany for which he 10 made liable by the pro-
visions of this act. NAY recover the amount
so paid. IN an action against the company
! for money paid for their use, III which aclion
he property OF the company only shall be
liable to be taken, and not the person or
property of any stockboder.
II Sec. IL. No persons holding stock in any
manufacturing company, as executors, ad'
Inlnlstrators, guardians, or trustees, ahd no
person holding such stock as collateral Sc
curily shall be personally subject, by virtue
Of such stock, TO any liabilities as stockhoId-
ers Of such company but the person pledg
ing such stock shall be considered as hold
ing the same, and shall be liable as stock
holder accordingly, and the estates and funds
IN the hands OF such executors, admlnstra-
tors, guardians, and trustees shall be liable
10 their hands, in like manner and TO the
same extent as the deceased tcstator or ~.
testate, or the ward, or person interested IN
such trust fund, would have been # they had
respectively been living and competent to
act, and had held the same stock IN their
own names.
Sec. l6. Every such executor, admins
traitor, guardian and trustee, shall represent
the shares or stock in his hands at all meet.
ings Of the cOmpony, and may vote accord
ingly as u stockholder; and every person who
shall pledge his stock as Aforesaid, may new
erheless represent the same at all such
meetings. and may vote accordingly as a
stockholder.
Sec. 10. All manufacturing corporations
now existing, shall continue to exercise and
enjoy their powers and privileges according
to their respective charters, and 10 the laws
IN force al the time when this act shall take
effect as q law, and shall continue subject TO
all the liabilities which they may be subject
at that time excepting so lar AS the SAID
powers, privileges and liabilities shall be
modified or controlled by The provisions OF
this act and the alteration OF the law here.
tolore in force concerning such corporations
shall not affect any rights that may have yes
ted under the law, nor any liabilities hereto
fore incurred by the said corporations, or by
the stockholders or officers thereof; and the
charter Of any corporation that shall be es.
tablished under the provisions, may be re-
voked by the General Assembly, for any
cause which they shall deem sufficient
Sec. 20. The provisions contained i this
act may be amended or repealed, at the pleas
ure of the General Assembly but such a
mendmen, or repeal shall not take awsy or
impair any remedy, gwen against any such
lcorporation, its members or officers, or en-
large or extend the liability Of such Corpora
ton, its members or officers. :or any debt or
liability which shall have been incurred pre-
vious to such amendment or repeal.
True copy-wltness,
HENRY BOWEN, Sec'ry.
AN ACT to authorize the trustees of the
Long Wharf in Newport, to cause dol
phin to be- set ia the neghborhood Of said
wharf, and TO protect the same.
II is snacted by The General .qssembIy as fol.
i0,cs
Section I. The Trustees OF the Long
Wharf in Newport, are hereby authorized
and empowered to cause dolphin or post
supported by braces, 10 be set and maintain
cd in the public waters adjoining said wharf
namely, one hundred feet north o: the north
west corner of The head thereof, aud within
the range Of the line Of said head, for the
better accommodation and safety Of steam
boats lying at and coming into the wharf q.
foresaId. or departing therefrom.
Sec. 9. The captain, owner or owners OF
every ship or vessel that shall wiully run a.
gainst said dolphin or otherwise wilfully in.
jure the same, or in any way injure, destroy
or remove the braces by which II shall be SCI
and secured, and any other person colnmi.
Ting said Offences, shall forfeit and pay a sum
not exceeding twenty dollars, nor less than
ten dSllars for each offence so committed, TO
be recovered in an action of debt before any
court in the county Of Newport, proper to try
the same one half of said penalty to and for
the use Of said trustees, and one half to and
for the use of the State.
True cupy-witness,
HENRY BOWEN, Sec'ry.