The Arkansas banner., 1849-01-16

afssharst thtif dniv elhsnf isIaev. Sxesni sfs President. WfNskpsy tsA ns txad bg a Tois, n which two-thilf Sf theifSetosx nhtll ebncnF. ln. sh4 ahsanos of lss Pfeiasst. Pfesidens gss fsm sbalI be aPPointed q peipsiN q shs dlssctcrs present A 4norusn shIi be nscessary Co de inc business Of tle company but committee, app0in- tod by the directors. mdtranssct control specific duties. The directors Wy, from time time, as they may deem propcr and sxFdient. cali general meet ing of the stockholderspy giving notice In some public newspaper In thitState, specifying the ob- iect of this meeting; theioek of said company may be assigned transferrd according 10 such rules by-laws as the direetof may prescribe. Divideds may be made from timelo time, of the net profits in sach amounts as maybe deemed the most ad- visible by the direciots,bat no delinquent stock holder shalt bs entitled say dividend, nntil hss srrearsges are paid up.
 Sec T. find be t fuTfkefRasftd. That the President and directors shall ai times, keep orcsase to Se kept in some proper plack proper books of accoants ia which shall be enteed ali the transactions Cf said company; which boks shall at ali times be subject 10 the inspectia and examination of the stockholders of said coHsany.
 Sec. 8. And De t fsskeT epdeted. That if any stoekholder shall fail pay for the stock sab- scfibed for by him, in neh time as shall be pres scribed by the rules or y-iaws of said company, such stock may be forfeied In such mannern ns may be pointed ont in said ruls or by-laws. Sec, g. find Dc il farfkF eRaesed, That the seve- rsl stockholders in said company shall be liable to the creditors of said ceapany, 10 the amount of stock held and unpaid fo by sseh respectively; but inc funds and property tf said company shall moi bs liable for any debts, iness the same shall have been contracted by the authority of said company. Sec. 10. And be fi 6tNieT enasied, That II any director or officer or ageAt of said company, shat embezzIe,s or frauduleRty convert to his or the'i use, any sum of money, or it's representative oi property, or other security placed under his or the trust, the person or persons % offending, and his o their abeftor or cou nseoTs upoo conviction thereof sisaii be sAjaoged gptliy iAf ffoby
 Sec. H. find De Il fartker Sndeted, That the stock holders sal at all iracs, have tue right to apPoin l a committee to examine into the concerns of th' corporation; and the directors stall make an sBfna report of ihe true condition of the finance Of th' company, a, the regular ansnai meeting of ths ! stockholders.
 Sec. D. .ad De II (wtssr eGrcted, That tho cor poraiion created by this act shall not exercise any .ksaL! powers nng issue arg note, ticket, ey dence of debt to be used aud circulate as money
 Sec. i3 Had te tt fariher esaeted. That if sait corporation shall suffer any indgnent against il tt remain unpaid for two years, after hnci Judgment such failure shall work forfeiture of this charter except such judgment be sup,rceded or enjoiEed Sec l4. fad be Il flTtlsr tnaded, That this nc shall take effect and be in fofce from and after It passage thereof, and shall continue for the term twenty-five years
 Approved, Jan. 10, l3e.