Arkansas intelligencer., 1848-05-13

erPortiOns of the &C! Incorporating the West
|trn Turnpike Company, applicable to the act IN
korpOra.ing the Van Buren and Fayetteville
EaBEke Company:
SEC. IL. The stockholders in said company
ball meet. on such day in every year, at such
lce is shall be fixed by the bylaws, for the
Gpose of choosing officers, rs aforesaid, for the
lsung year, in manner aforesaid, and al such
ines as they shall be summoned by the mana
&Eer in such manner and form as shall be pre-
Enbei by their bylaws; at which annual or
scaI meetings. they shall have power and au-
hOnty to make, alter, or repeal, by a majority
votes. as in manner aforesaid, all such bylaws,
ues, OF5srs, and regulations, as aforesaid, and
|nacl and 10 do and perform any other corporate
SE y. The president and managers first
ioSel as aforesaid. shall procure certificates 10
wntaa or printed for all the shares of the
0ck Of said company, and shall deliver one of
Yea strIhca.es cOuntersigned by the treasurer,
% sealed with the common seal OF the said cor
fa.on. 10 each person. for every share by him
'oscrIoed and held; which certificate shall be
miserable. a! his pleasure, in person or by al
ney, IN the presence of the president. secretary,
treasurer, subject, however, TO all payments
ie and 10 become due thereon; and the assignee
OiuinS any certificate, having FIRST caused the
'i8ninelI 10 be entered in a book OF the COM
Ny 70 Dc Kept for that purpose, shall be mem
Ul SAD corporation; and every certificate by
u held, shall be entitled to one share of the
P2l stock, and of all the estate and emoluments
lie company, and to vote at The meeting
sisoG
&C. H. The president and managers shall
s'a1 such times and places, and be convened
alca manner, as shall be agreed on, for trans
'aHa heir business; at which meeting, four
AOefs shall form quorum. who, IN the ab-
nee Of the president, may choose chairman,
~ snail keep minutes of their transactions, fairly
Hfsl IN a book; and, a quorum being met,
y snail have power to agree with, and appoint,
saeh surveyors, superintendents, artists, and
a'era, as they shall adjudge necessary to carry
laa Intended work, a.2d to fix their salaries OF
- ascertain the time, n,anner' ana pro-
sv s' Snen the stockholders SHAH ray 'ne mo-
1,a 80 their respective shares, in G!rGer Uc
y, " ne work; 10 draw orders on the trees
w al money necessary to pay the salaries
s@ q persons by them employed, and for
~. @OOi done and materials provided in the pros
on OF the work; which orders shall be entered
IrnolL
- y the president, or, in his absence, by
afnan of the board; and generally to do
IN O'ner acts, matters, and things. as, by the
an rules, orders, and regulations OF the
81 snail be committed to them.
6bs, l. II any stockhoIder, original sub
msr assignee, after thirty days notice IN
T.n r papers before mentioned, of the time
Itan appointed for the payment of any pro-
sr VI instalment of said capital stock, IN
y carry on the work, shall neglect 10 pay
dra portion for the space of thirty days after
49, Ppointed for the payment thereof. every
u '.seekhoider, in addition to the instament SO
mon't a' snail pay at the raie of five per centum
@' ior every delay of such payment; and
na' e' and the additional penalty, shall re-
secen paa Tor such space of time as to make
apa;d ;diulaIed penalty amount % the sums be-
ssma - part and on account of such share.
>4s shall be forfeited by and to the said