Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1852-08-05


I.nouut "a suCh new capital by instailmen,s
~ 'sjisi 1ronortibn and at such times aud
Irls.:so - ttev ihaIlthink proper, BY giving
go nOsics IbsteOf d tbs by-iaWs shat
preocribs-atid 10 case any stOckhOlder
shnII ueeIsct or refuse payment Of any ypell
installmont for the space Of sixty days alter
4 the same shall have become due and pay
able, and after 6esshall have been 'boti1f I'd
thereof the stock Of such negligent st'sck-
holder shall be sold by the directors al pubs
| he auction. giving al least thirty dAys' no:
tie thereof In sonic newspaper published
in the citji Of MiddlelOwn, and the proceeds
Of such salS shalt be first applied 70 paye
mont Of the installnnent called i0r' ana inc
Expenses attending the call ana sale: and
the residue shall be Refunded 10 the oAVneE
khersoE-and such sale shah entitle the
purchaser to an the rights Of stOckboldeg
to the extent Of The shares 80 bought:
Sec. I Tho goveFumeRt and directlen Of
the affairs Of said corporation shall be vested
in a board Of not Iess than three directors,
who shall BID annuslly chosen by the stock
hO;defs at such time and place IS shah be
provided by the byslaws Of said company.
aud Who shall be stockholders, and shall
hold their Office for one year and until Oth.
ers shall be- chosen 10 their stead. ppt!E
the @Hrst Sanual election OF directors the
said Stephen Brooks and Evan Paws .. slla y
be sole direct0rs Of said COMPANY, PROVIDED
that the first meeting Tor the choice OF d.
rSctors shall be called by the said BROOKS
aud Davis Ii Some time within one year
from the passage Of this act af snch place
as they may appoint. by giving notice
thereof in some newspaper puo'sneo 70
the city of Middletown at least hiteen days
before the time appointed for such meet
ing.
Sec. 8. The directors of said company
shalt choose one Of their number 10 oe
president, and shall also choose secreta-
ry and Treasurer, and such officers as me
| BY >laws Of the corporation shall prescribe.
| who shalr hold their Offices until others
/, shall be chosen in their stead
Sec:9. A majority Of the directors Of
said corporation convened according 10 the
by>laws. shall constitute quorum for The
transaction OF business, and majority OF
the stockholders present al any legal meet
ing, shall be Capable of transactins the
business Of that meeting; and al all meet
ihgs of such stockholders, each share snail
enlitle the holder thereof to one vote
I Sec. 10. The directors Of. said corpora
ton for the time being, shall have power 10
fill any vacancy which may happen IN their
boaid by death, resignation Or otherwise
for the current year.
Sec. IL. II it sliall so happen that an
election Of directors, shall not take place
at the annual meeting in any year, sal,'
company shall not thereby be dissolved,
but an election may be bad at any tune
within one year, 10 be fxed upon and no.
tice thereof to be given BY the directors
Sec. IL. The books of said company
containing its accounts. shall at q reason
able times be open for the inspection oil
any of the Stockholders. and as often as
! once in each year statement OF the ac-
counts of said company shall be made 0y
order Of the directors.
Sec. IL. So much of the "Act relating to
Ferries" in the Revised Statutes as IS not
hereby repealed or inconsistent herewth'
ii declared to be and remain appllcable to
the said ferry. :,
Sec. II. The 18th section Of the said
..Act relating TO Ferries" is hereby reoeai'
ed provided, that until q steam ferry.bo
| is procured by said company as hers IN re-
Guired, they shall continue to provide tue
accommodations at said ferry required, 10 10
said section.
| Sec. is. This act shall take effect from
the date 6f tie passage, and may at any
time be amended. altered or repealed az the
! pleasure Of the General Assembly,
i'r'Approvea, june 18th, 1851
II = 81 =