Connecticut western news., 1877-03-30
Charter of The North Canaan water
 COmpnnY.

Charter of The North Canaan Water
 Company.
 lGranted by the General Assembly, January term, 1S77l
 SECTION I. That Frederick Watson, A. I. Roraback, Nathaniel c. Ward, Joseph w. Feet, Daniel L. Pierce, with all such persons as may be from time to time asso- clated with them for the purpose of supply ing the village of North Canaan and it's immediate vicinity with an abundant sup ply ot pure water for public, private, and domestic use, thelr successors and assigns, be, and they are hereby, incorporated for sald purpose by the name and style of North Canaan Water Company, and by that name shall be and they are hereby made capable in law to have, purchase, re celve, possess, and enjoy, to them and thelr successors. lands, rents, tenements, heredltaments, goods, chatteis, and effects or what kind soever necessary or conven- tent for the specified purpose of said con- pnay, and for the accommodation of thelr business and concerns, and the same to SCH, grant, demise, alien, and dispose of !: to sue and to be sued, to plead and to be lmpleaded, defend and be defended in all courts of this state and elsewhere, to make ana nave common seal, and the same to alter and renew at pleasure also, to make, ordain, establish, and put in execution such bylaws, ordinances, and reguiations as shall be deemed necessary and conYenen- lent for a Wel!-ordering and government of sald corporation, not being contrary to this Act. the laws of the State or the Unit ed States, and to do and execute all and singular the matters and things which to them may appertain to do, in order to car ry into effect the purposes of this Act, sub Ject to the rules and regulations hereinafter prescribed.
 SEC. 2. The capital stock of this com. pany shall consist of FiveThousand dollars, with the privilege of increasing the same to Twenty Thousand dollars, to be divided into shares of Twenty-Five dollars each. which shares shall be deemed personal property, and be transferable in such manner and at such places as the by laws ot said company shall direct.
 SEQ. 3. The persons named in the first section hereof, or major part of them, shall open books to receive subscriptions to tt capital stock of said company at sucA times and places as they or majority of them shall direct, and shall give such mo- tice of the time and places of opening such books as they may deem reasonable, and shall receive said subscriptions under such regulations as they may adopt for the pur- pose.
 SEQ. 4. The government and direction of said company shall be vested in a board of not less than three nor more than five di- rectors, who shall be chosen by the stock holders of said company in the manner hereinafter provided, and 8 majority of said directors shall constitute quorum. Said directors shall hold their offices for the term of one year. and until others are duly elected ard qualified in their places and the directors shall elect one of their number to be president of their board, who shall al- so be president of said company they shall also choose secretary and treasur- CT, which treasurer shall give bonds with surety to said company in such sums as said directors may require for the faithful discharge of his trust.
 SEQ. 5. The persons authorized by the third section of this act to open books for subscriptions to the capital stock are here hy authorized and directed, after the books for subscriptions to the capital stock of said company are closed, to call the frs, meeting of the stockholders of said com. pany in such 8 way and at such time and place as they may appoint for the choice of directors of said company, and in all meetings of the stockholders of said com pany for the choice of directors or other wise, each share shall entitle the holder | by said stockholder in person or by lawfu proxy. And the annual meeting of saiG company shall be holden at such time anC place, and upon such notice as said com pany in their bylaws may prescribe, anG in case it shall so happen that an election of the directors shall not be made on tho day appointed by the bylaws of said com pany, said company shall not for that cause be deemed to be dissolved, but such cleo ton may be holden on any other day which shall be appointed by the director of said company for that purpose, and sai( directors shall have power to fill any vacan cies in their own number which may occur by death, resignation, or otherwise.
 SEQ. 6. The directors shall have full power to make and prescribe such bylaws rules, and regulations as they shall deem needful and proper touching the business management and effects of said company not contrary to law, also for the election and meetings of said directors, and othe matters connected with the business an( concerns of said company.
 SEQ. z. The directors of said company may require the payment of the sum o sums subscribed to the capital stock O sad company, at such times and in sucl proportions and upon such conditions a they may deem proper and in case any stockholder shall neglect or refuse to makt payment pursuant to the acquisitions Of tn, board of directors, the stock of such sock holder, or so much thereof as shall be nee essary, may be sold under the directions o said board, at public auction, after tho lapse of sixty days from time the paymen became due, and all surplus money re- malnlng from the avails of such sales, afte deducting the payments due the company the interest thereon, and the necessary ex- penses of said sale, shall be paid over tt such negligent stockholder.
 SEC. 8. Said company shall have full power, and it is hereby authorized and empowered to open the grounds in any streets, lanes. avenues, highways. and pub llc grounds, f.r the purpose of laying dowI and slnki.g, or for repairing such plpe or cOndults as may be necessary for con ductlng water to and distributing the sa within or Tn the immediate vicinity of tn, village of North Canaan. under the direc tion of the sel ctmen of North Canaan And sad company may. for the purpos aforesaid, carry and conduct any aqueduc or other works by them to be made aDt constructed over or, under any waJe course, street. turnpike, road, railroad highway, or other way or public grounds provided they put such water course. turn pike road, railroad, highway, or other way as speedily as possible, in as good and per feet condition as before laying and con ducting sad aqueCuct or other works
 SEC. 9. The sad company shall hay, full power. and 1t is hereDy authorize6 ant empowered, under the provisions of thu charter, to construct. repalr, and maintain such reservoir or reservoirs as they may deem expedient and necessary, to take ant nse tue water of any sprung or springs stream or streams, or other waters, to sucl extent as may be necessary and expedlent III carrying into effect the obIect of thi Act; also to construct, repair, and man tam such canals and aQueducts as may be come necessary or COT venient for the re tenUlon or conveyance of water at or |, such points as they may deslre, and be en to take and hold by purchase or glt', or il the manner hereinafter provided, any req estate or easements necessary for the pur , pose of hls Act. or for laying and maintain ing aqueducts and reservoirs for holding and conducting and distributing water anC