Year: 1859

and the counties through which the samo shall
pass Third. The amount Of capital stock ne
cessary to make said improvement, not less than
ten thousand dollars, and the amount OF each
share, Such certificate shall be acknowledged
certified, and forwarded to the secretary OF
state, recorded and copied in the same manner
as is provided in the second section Of the act
to which this is supplementary, and sid certih-
cate shall also be recorded in the recorder othce
of the county in which such company shall have
its principal office for doing business, and when
so incorporated, are hereby authorized to make
said improvement by the cleaning out of said
stream or streams, erection of dams, locks, and
all other things necessary for said improvement
as may be named in their certificate of incorro-
ration, and by the name and style provided in
said certificate shalt be de emed body corporate
with succession, and they and their associates to
have the said general powers as is provided in
the third section of the act to which this is sup
Elementary.


Sec. 2. That the corpcrators named in said
certificate shall open the books of the said COM
pany for subscription to the capital stock Of said
company and so soon thereafter as fifty per cent
of the capital shall be subscribed land paid in
money, they shall call of the persons who have
subscribed stock as aforesaid, and shall then
and there proceed to elect five directors, who





shall hold their office as such directors for one
year from and after said election, and until their
successors are elected and qualified, one OF
whom shall be president, and one treasurer and
one secretary, 10 be named on the tickets when
voted for by the stockholders as aforesaid. Each
stockholder shall be entitled to one vote for each
and every share of stock that he may own, and
after in the first election no stockholder shall be
entitled to greater number of votes than the
number of shares he may have paid into the said
company. 1. f,v


Sec 3. That the TREASURER Of said company
before entering upon the duties of his office, shal
enter into bond with good and sutt1clent secu
rity, to be approved Of by said board of direct,
ors payable to the said company conditioned
for the faithful performance of all and singular
the duties of his said ofice and that he will wei
and truly account for and pay over to the said
company all money and property that shall
from time to time come into his hands by virtu,
of his said Office and that he will use due and
proper diligence to collect all moneys and de-
mands that from time to time shall be due and
owing to the said company which shall be his du'
ty by law to co lect. :,


Sec. d. The president shall preside at all
meetings when not otherwise incapacltated, IN
which case or in case of his absence, the board
of directors shall choose a president from among
their number, who shall perform the duties OF
the president at such meeting, and perform sucl
other duties as may from time to time be pointed
out by the bylaws and rules of the said compa
ny. ..-l .u.


So,. 5. The secretary shall keepa record o
| all meeting of the board of directors and othe
proceedings of said company not required to b
performed by any other of the ofhcers of SAT-
board and perform such other and further du
ties rs may be assigned him rom time to tim
by the rules and by laws of the said company.
| Ses. 6. That the said company shall hay
power from time to time, at any regular meeting
of the board Of directors, to make, alter o
change such bylaws and rules for the govern
ment of the said company.


| Sec. 7. That the directors Of the said compa
nv shall have power to prescribe the rates OF tol
said company shall be entitled to receive for tn
passage for any boat or other water craft of an.
lock or locks upon said improvement, or for tn
running of any boat or other water craft be
tween the locks on said improvement.


Sec. 8. That the compensation Of the pIesl
dent and other ofiners of such company shal
be regulated and liked by the rules and bylaw
of such company from time to time


WILLIAM B, WOODS,


Speaker of the House of Representative


MARTIN WELKER, tl
President of the Senate.


April 6, 1S59.1t