The Arkansas banner., 1848-08-08
rPrsuc-HS5. s93 AN ACT 10 incorporate t'se " asiiagtea Gas Light

AN ACT 10 incorporate tase " asii agtea Gas Light
 Company
 Be | eHsc'sd bg tle Scaate end H0stsc 0f kgyrc- seRfaiiyes sf fAe tRt T SfsttS uf .gmeroa ,a Con- eyess asstmbief That John T. CaIiln, Jacob B.ge- ow, B B French. W II. Harover, Vi r Cslisn. N. 4 Bradley, and ". II English, and their pre- sent and future associates are hereby declared 10 be body polite and corpors'e hy the Lsrne aal style of ihe a" esLingtoH Gas Light Company, and. hy The same name, sall have perpetusi succession ma shsi te able to and be sued, plead and be rn- piesded, in all courts of law and equity In the Dis tfict Of Co'nibia and elsewhere; and 10 make aud have common seal, and inc safse break a.eF and renew at peasure, 70 ordsin and establish sach by-laws, ordinanees and regulations, and generally to do every act and thing necessary 70 carry into effect this act or 10 promote tc obJects and design cf this coporation
 See. 2 fad ee a fsrfkef snac'e1, That he cap+- tal stock of this corporation shall not exceed fifty thousand dollars; that share iH the shall be twenty doilArs; and books o subscription tho said capital stock, CT e such PerieaS thereof as from iiine iime msy, by the directors ies the time be- ing be deemed proper and necessary. shall b. open oy the appoiEtmeni under she direction cf the directors hereinafter namd, sahlect to such ruies
 Limitations, and conditions, as by thetn snail be pre- kcribe and ,5e stock of the said corporation saai be deemed personal property.
 Sec }. And bs fi fus44et saaesed, Tha' tbe stock Rsoperty and affairs ef the said corporation shai he managed and condnete1 by O. nnGer inc ditce lion of five directors, being siockholders thai the said directors shall hold their oficrs for year from the second Monday, and shall De elected On inc first Monday ia Jannary ia each year, al sach ilIas and place ia the city of W ingtoa majority of the directors for The lime be ing shall appoint; and thst Eetee of such eoctiea shall be published al least two of the pubic news papers pirate in the ely of Washington al least fourteen days previous te the tune of holdur saeA election. and every such elecisn shall be hs 5aot nS ba+ ~S aF vk. s8,at. for that purpose either ia person by proxy, and each s:oekhol9-r shall be entitled 10 ose vote for eaeh share ef the stock aAieh he or she my have held ia his er her own Bams for ai least foarisea days before the tine Of voting; and the Prsoa$ hay inE ts- x--si=s las4ber oi Tates saa 5e the Gree- tors. sBe f il stall happen that iEe or neTs persoas have equal number ol votes. Ile directors Ia eiiice al the lime ei such election shall, by pls rality ef vetes gVea by balot 9eisrnaiae Ehich oi Inc persons sayiag egaa! Razabe. ot oies sisz be director directors ie complete the Wh0te EaIn5eE to be chosen; and iss directors 10 eAosra shall, may be thereafter, proceed ss bal isi tS elect of their nabeF for their Fresiseat and whenever aay vacancy shall EaFqea, iss same shsii 5e Sled by tbe remaining directors by Pia- rsii;y of votes, aatli the neat ssnaal sserli0a-
 Sec. i .fsi bs i fssgtler snastsa. Thaf John I. Csllan, Jacob Bigeiow, R. E. Preach, W. h- HaE- ever NJ P. alan, sI1 " A Rrade*, saAii se The 6rAt directors Of The saia compzny whe shall hold ,heir offices aaa the sesoad Monday ot January, ia the year of ear Lsrd eas tnsassad eight hun dreS and festy Ein~ sad nnit etherx are ehossa in teir places and they shall proceed e ehaase their president at sneh tiHse and place as they, or nz lority sl thern shAli deisrnipe.
 See. 5. Ind se t frrfher esaeied That m case ii snail al any happen that elsetssa fer atFee- tors snail net take psaes the dsy sPpotnied by this aet far tat FGrPass, rte said corporation sAsH Rot for ti5a czas-, for any nah-user, ee dseleo te se dissolved, bat il shAii and may ee lawful tS haid an election fer directors on any other day, Ia such shall Dc provides fer by the by-lass of the said coFposaiton-