The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1851-12-20
LAWS OF VERMONT.
No, 67--An ACT for Incorporating Manufae
Inrinn I'ninI,anlna

No. 67--An act for incorporating Manufac-
turing Companies
Il is hereby enacted by the General As
sembly of tho State OF Vermont as follows:
Sec. l. Associations may be formed for
the purpose Of manufacturing, in pursuance
OF written articles, specifying the object Of
tho association, the place where the business
is TO bo carried on, the amount of capitAl and
the number aud amount OF the shares into
which IL shall he divided.
Sec. 2. The persons 20 forming an asso-
citation, shall present the articles OF their as
yocation to the Judges OF their county court
in the county where the business is 10 bo car
ried on, signed by each Of the members Of
such association, in the presence of one or
moro witnesses,or acknowledged by tho sign
ers before some officer competent 10 take the
ack nowledgment OF deeds of lands in this
State; and the judges shall cause the same to
be recorded at the expense of the association,
in the office OF the county clerk of said coun-
~, in book 10 be kept by him for that pur-
pose; and thereupon, from the tune OF the
record as aforesaid, thoy shall become body
polite aud corporate, with all the powers,
privileges ard incidents of corporation, by
such name as may be specified M the articles
OF association, and may have their first meet
! ing at such time and place as the judges afore-
said may appoint; az which meeting any JUS
tice OF the peace Of the county may preside
until n chairman or moderator shall have beer
appointed; and said association may makt
such bylaws and regulations as may be nee
essary IN promote the objects of the assooia
| tion, not inconsistent with the articles OF as
sociation aforesaid, or with the laws Of thu
State, which may be altered, repealed. or adj
dcd TO, as Shall from time To time be foun'
necessary; may prescribe the time and man
ner Of calling future meetings; adopt a cop
mon seal, aud the same alter ut pleasure d,
their corporate name may have succession
sue and be sued in any court oflaw or equity
purchase, hold and convey real and persona
estate, 20 far as may be necessary to enable
said company 20 carry on their operations
but shall ppt mortgage the Samc, or give an.
Ilien thereon except on such real or persona
estate as they may take or receive in pay
ment OF debts, or such articles as they ma
have for sale; and shall be liable and suhJec
TO all the provisions contained in the second
third fourth, fifth, sixth, seventh, ,cightb,Dint
tenth, twelfth, thirteenth, sixteenth, seven
teenth aud eighteenth sections of chapte
leiahty-fhree Of the Compiled Statutes, In re
lation 20 private corporations
1 See. The stock, property and concern
such corporation shall be managed by th
president and directors thereof, and by Suc
officers aud agents as the company shall al
tkorizo for that purpose.
See. 4. The directors, majority ofwhor
shall be citizens Of this State, shaft not-''
icss that4- three in number. and shall be ar
lnually chosen by the stockholders, by ballo
at such time and place shall be provide
by the bylaws Of which notice shall be Civ
en- Ivy publication in some newspaper pub
lished in the town, or nearest town thereto
in which the operations the company arc ear
ried on, az least ten days previous thereto
each stock holder shall be entitled 20 as man
votes as he holds shaTos- of stock in said com
I ,saay; aud Mt all meetings Of the company. ah
ltcui sto kko'5e-- rlay voc, By pro1S, author