Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1851-12-25
LAWS OF VERMONT,
1851

'f ~ 'tI y , - Ht''tts 10 iot'UVS
S6C L A1>nolttl0lS nay hr formed tr the
rpI,e 1t ntnuttuGnL IA nnraInre vt win
ten tclfS, spehItvlRE IL OIL 'ct III the asSucI.
atht', HE place ~nerr the bnsinoss Is In be car.
it'd o., An the a nnlnt Ut tpllal and The NAM
h'r hnl H1nat vi the sh Tres INTO winch it shall
be divided.
SIC. 2. The persons so forming an associa-
Il ~. snd1 present the ARTICLES of their aSstcia-
ton 10 The jllIe' OF tie cnnnty cour, IA the
ciny wIrre the M neS@ Is 10 be carried on,
81 !nrl hV each Ut the nlenners ot such assoclt
tnn, IN taA y eseuca vt one "F rlufe WIN Masses,
or aGSnlW = lged Nv 5 ne utfi ;cr cnnp tent to
take th' ackan~trdJa ne ut ot deeds ri ilnls IN
till. STATE; ard thu ld1ts stall Cause the same
Il, be- fsc1rdrd Al liz XH"n'e ut the aSsnchlI"n,
il tie office ri the chlhY clerk Of sad tonn'Y
in hoax to be kept by Inn tor lhlt purpose;
aud thr,pup"n. trrullIr tue at Tie rcWd dlore
said the, III ~ bpronr II "iy p"lhc aul cor
~ att, with wi Ihr powers, privileges aud mel
Ii nls vi IL cupu.ailul, by su h name aa muy be
Ep";h Il IN the ar lc,s at ass Cnllon mud uHy
have III II fist urrlln4 at eucn time and Iare
as lhp Judges ntu,rsud uily appoint: al winch
meeting any Justice 1T The peace may preside,
mi, rhllrmnn ur moderator = Az tov" been
app lmpd AID ,ali as-uctntlun ltty mlEr st II
bV laws ala rrgu utu'ns Hs mHy b. ncCccSnir ~
prui,ate he objects at the ass, q tlOn Hl0Ic>a d,
or VITA the laws uI the State, whcn amy be al
tered. repealed or added 10 IS rh, iron true
70 time be found necessary may prescribe The
tine and manner ~ illng future werllH4S;
adupt Il cnannOu seal. Hni lh' SlJHc aiitr at
pleasure; by tlrlr corporate maze may have
succession sue and be sued IA any cuut If
law or rqn y pntchaSe, hold, or convey real
and personal pstaDe, 50 far as may be necessary
10 enable said company 10 carry on their opera
tous bat shall not morgag the same, or give
any lien thereon, except on such real or person.
al estate as they may lake or rccC We in payment
Of deblsnr suchatce as they may have Iorsule;
and shall be liable and subject TO all the provi5-
ions contained in the second, third, fourth, hth,
sixth, seventh, eighth, ninth tenth, twelfth, lbir
teenih, sixteenth, seventeenth and eighteenth
sections Of chapter eighty three Of The Compiled
Statutes. in relation to private corporations.
Sec 3. The stock, property and concerns Of
such corporation shall be managed by the pres
idrnt and directors thereof ant by such officers
and agents as the company shall aulhoizc for
that purpose.
SIC. 4. The directors. a ma iority of whom
smIl he citizens Of this State, shall not be less
thln three n number, und shall be annually
chls n by the Stockholders, by ballot, at such
tine and place as >bnii BIZ provided by the by
laws, Of winch Office shp be gwen b. pubIlcH-
ton sonr newspaper published IN iowh,or near.
rst town thereto, in which the operations oi SAID
company ARE carried on, at least ten days prey
ons hereto each >locknoIdrr shalt he entitled
to as many vura as he h dds shares Of stock IA
said 60 "pnnv and at all ueeiI rs Of The com
paIl absent stuckhuidtrs may vote by proxy,
authorized in wiring A majority III interest
Of IN Stockholders sh b. necessary to cuusti-
iule quorum, uulrss PROVISION Is made by the
by laws that Il less uumheF shall Constitute Il
qnrum hat no Nv law for that purpose shall
take effect until after the mecllpg at which 1t Is
entc'td.
SEC. If it shall, happen that an eI, ction OF
dlrrcnrs shull not b. midr On ii t day dpslg-
lated by the hv laws the CT 1ptny Shall non fur
that lpasnn, be d>splvpt bnt they may make
the tlerrlon an such other day us shall be- pro
vIdrd by h" hy.awS; Fri no such provision be
made The Judges Of tho cHuoly c,ut tor tn.
county III which ihe uptrit ons Of lh CO npauy
me carried IN. NAV appoint Il pcrlng Of HE
company 10 uuke Oh ,ce If sucb directors The
time aud pl icp Ut Whch Sfl ~ nolaed BY stlt
iudrm, by publications, At least ten DAVIS prrvlnu-
t"erhto, N SUCH newspaper us the SAID judge.
SHALL dlr CT,
Sec. 8 The company may dpSi Lnnte in their
hr llNS The qn4iti"lluno Of The prrsId mt nni
dl ettnrs, aud all the subordinate officers, and
Ieqne such security Tor the faithful perform.
uuce Of tn"lr dallr5 as they may think moper.
SEC T. Before any comp'ny formed and in
cO-p1lnt'-a uader this act SnAlI commence bus
mess the siorkn Idle shlI actually paw int,
Sal II g lnDInV Such amount of rhrir IA n,tDl s,nr
a''h'Il b ordered ny me Judge OF the county
curt. NJ the time the @uerS Of as-ocm'Ion, o
at IN INST IN rtI"9 oINrir lhrlr cip'a' mt
Shue7 "h'Gh 'h'l or h"n''ere" IN progressive
o d'r' g'"n'hS IL NUMBER one ana every
'@fn " Ter 7hl" nave " c7''il:t'P' 'nd'r 'h'
sea! =" we GO y ia 'o"''nu T'4he0 of ln'lf treas
u'N:' G" lHhE MS pr H"''E !" sue" shAie' I
a. F"'' W. r"P''ss'" !" '"' oV''."'afP'
DEC O. II SUI W. .'N'" Ip| we aIfPcl"r
'' "",'''f " =" an" N'"l'ii '''
Rac' ''ock''"'"''' '"'" >0l'S '' '''y III y aS't9
on N"c' 81 '''7 'S'"''i,''y' ""' E' TIN4 IN
a'f"'' ~ wa oi cue" S'''i'' S''''' 81 We"
81, ~ take stth N ans / "n'u We go lee
ton tterett rs Il lrwlied IN III zenith srclo
OF np rILh'Y thre"i the NotprIct STATUTE ;
or IL such Other way a-rh"} shall direct by rh"p
by laws; ami sni duec'o@ sAuI can II Tn
sha bpcome necessary To p,y any deols Of IN.
eorpnralon: aud for This pnrp se the sockboll
crs shall be per,onlIiy lr,blc, 10 be- luDl rxtpn
If tho,r stock not uUady pald IT. aud lhe dl
rectrs may enforce payrnrniu ri the same a2arns
the stockholders, 0hrth, any such D {. l>lon !
made in their by-n ys or not.
SEC. 9. All the members or shareholders .
such cumplny snail be jointly and scyeralIy II
able Tor all tie debts or contracts made by sue,
Company, until the whole capital stock IS pgi,
III, and a certificate thereof made and recorded
as Il provided IN the following section,
SEC. 10. The president and directors, topetb
er with The clerk and treasurer of such GONNA
Nv, within thirty days after the payment Of tht
last nstallment of the capital stock, so fixed ant
Hunted by The company, Shall make a certificate
stating the amount If capital stock, SO fixed ant
pad IN, which certificate shall be signed anC
sworn by the president treasurer ard clerk, anc
mai ,rtIv # rho Jirootnrs t.n1 ,r;,.:. a. .