The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1851-12-17
LAWS OF vKRMONT.

The followidg act We are requested TO
state, has been desgnsted for publication in
the newspapers, in addition 10 those here
,ofore Designated - Montpelier Wdtchmdn.
No. 57-An Act for Incorporating Manufac-
turing Companies.
His hereby enacted by the General As
sembIy Of the State Of Vermont, asJolioios
SIC. |. Associations muy he Termed for
tho purpose Of manufacturing, in pursuance
Of written articles specifying the object Of
the association, the place where the business
10 to be carried on, the amount Of capital, and
the number and amount of the shares into
which il shall be divided.
SEC. 2. The persons so forming an as
sociation, shall present the articles Of their
association to the judges of the county court
in the county where the business ia to he
carried on. signed by each Of the members
of such association, in tho presence of one
or more witnesses, or acknowledged by the
sienors before some officer competent TO take
the acknowledgment Of deeds Of lands in this
State; and the judges shall cause the same
10 bo recorded AT the expense Of the sssocia.
| ,ion. in the Office Of the county clerk Of said
county, in book 10 be kept by him for that
pur pose and thereupon, from the time Of
the record as aforesaid, they shall become
body polite and corporate, with all the pow
ers. privileges and incidents Of corporation,
| by such name as may be specified in The ar
| ticles Of association, and may have their first
meeting at snch time and place rs the judges
aforesaid may appoint; at which meeting
any justice of the peace oi the county may
preside, until chairman or moderator shall
have been appointed; and said association
may make such bylaws and regulations as
may be necessary 10 promote the objects OF
the association, not inconsistent with the ar
ticles of association Aforesaid, or with tho
laws of the State, which may be altered, re-
pealcd, or added to, as shall from time 10 time
be fouaj necessary may prescribe the tine
and manner Of calling future meetings; adopt
common seal, and the same alter at pleas
ure; by thoir corporate name may have sue
cession sue and be sued in any court ofiaw
or equity; purchase, bold, AMI convey real
and personal estate so far as may be neces-
sary TO enable sail company TO carry on ihelI
operations but shall not mortgage the same
! or give any lieu thereon, except on such rea
or personal estate as they may take or receive
) in payment Of debts. or such articles as they
ma, have for sale and shall be liable ant
: subisct TO all the provisions contained in 'h'
second. third, fourth, fifth. sixth, seventh
{ eighth, ninth, tenth, twelfth, thirteenth, six
teenth, seventeenth and eighteenth secIion
c Of chapter slightly three OF this Compile,
n | Statutes, in relation TO private corporations
Z SEc. 3. The stock, property and con
e Germs OF such corporation shall be mannge'
a bv the president and directors thereof. an
D by such officers and agents as the compan.
Il hall authnt for that r,urnOe0.
r SEc. 4. The directors, a majority G
e whom shall be citizens OF this State, shall nc
h be less than three in number, ard shall b
" annually chosen by the stock holders, by bal
y lot, at such lime and plsce ne shall 10 prnvid
& ed by lhe by-laws, OF which notice shall b
e given by publication in some newpaper put
;" li,hcd in Il town. or nearest town thereto
n in which the operations OF tho company az
u carried on, NJ least ten DAYS previous there
d to ; each aockholdcr shall be entitled 10 {
Is many voice as he holds shares Of stock
at said company; and at all meetings OF :h
is company, absent stockholders may vote b
~ proxy. authorized in wiring. A msjorily
IN interest of the stockholders shall be neceI
D. sary;to constitute quorum, unless prov
er sion is made BY the by-lsss that less nun
~ her shall constitute a quorum but no b,
law l'h lfcTc ''NN N'e'f N'''
Ds after the meeting at which il is enacted.
!. SEC. s. II i shall happsn that an ele
" ton Of directors shall not he made on Il
p day desig naied by the bylaws, ihe conipAr
es shall not. for that reason, bc dissolved, b
h, they may make the election on such 9th
" day as shall bs provided for by the by law
MS or if no such provision be made the jnda
iH Of the county court for tho county in viii
his the operations Of the company are c"rr'
ia. on. may appoint a meeting of the comps
" to make choire Of ,sch directors. the ii,
n, and place of which shall be notified by 81
Id Judges, by publication, at least ten DAYS p'
ID, vions thereto in such newspapers as the 81
nd judges shall direct,
II SKc 6. The company msy designate
." their y-laws the qualifications Of the pre-
be Ienl, ,lIectors,AHd aA,he subordinate ofhet