Chap. 34.

porated.

that may hereafter be granted to proprietors of wharves in said harbor, for the use, occupation and accommodation of said wharf provided, that this grant shall in no wise interfere with the legal rights of any other person or persons whatever. [Feb. 16, 1832.]

An ACT to incorporate the Fredonian Manufacturing Company. SECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of Persons incor- the same, That Israel Longley, Augustus G. Parker, Willard Worcester and Sampson Worcester, together with such other persons as may become associates with them, their successors and assigns, be, and they hereby are created a body corporate, by the name of the Fredonian Manufacturing Company, for the purpose of manufacturing cotton goods in the town of Shirley, Powers and du- in the county of Middlesex; and for this purpose shall have all the powers and privileges, and shall be subject to all the duties and requirements, contained and provided in and by an act, passed on the twenty-third day of February, in the year of our Lord one thousand eight hundred and thirty, entitled "an act defining the general powers and duties of manufacturing corporations."

ties.

1829 ch. 53.

Real and personal estate.

Chap. 35.

1829 ch. 8.

SECT. 2. Be it further enacted, That the said corporation may take and hold such real estate, not exceeding in value the sum of twenty thousand dollars, exclusive of improvements, and such personal estate, not exceeding in value forty thousand dollars, as may be suitable and convenient for carrying on the manufacture aforesaid. [Feb. 16, 1832.]

An ACT to change the name of the Saxon Cotton and Woollen Factory.

BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, Name altered. That the corporation established by an act of this Commonwealth by the name of the Saxon Cotton and Woollen Factory, shall hereafter assume and have the corporate name of the Saxon Factory, and with that name shall be subject to all the duties and liabilities, and entitled to all the powers and privileges, of the Saxon Cotton and Woollen Factory. [Feb. 16, 1832.]

Chap. 36.

porated.

An Act to incorporate the "Lessees of the City Wharf," in Boston. SECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority Persons incor- of the same, That William B. Reynolds, David R. Griggs, Aaron D. Weld, Jr., John Kendrick, Rufus Kendrick, and John A. Mc Gaw, and others, their associates, successors and assigns, be, and they hereby are constituted a body politic and corporate, by the name of "Lessees of the City Wharf;" and the said corporation by the same name are hereby declared and made capable in law to sue and be sued, plead and be impleaded, to have a common seal, and the same at pleasure to break, alter or renew; to make rules and by-laws for the regulation and management of the wharf estate and appurtenances which they hold as tenants under the city of Boston, for the term of twenty years

from the first day of September, one thousand eight hundred and thirty-two, and generally to do and execute whatever by law does or may appertain to bodies politic and corporate, under the constitution and laws of this Commonwealth.

&c.

SECT. 2. Be it further enacted, That the said corporation Water rights, be and the same hereby is declared and made capable in law to have, hold and possess, for said term of years, all or any part of that real estate and appurtenances commonly called and known by the naine of the City Wharf, in Boston, and the flats, lands, docks, water rights and privileges connected therewith: provided, that the lawful proprietors thereof shall legally convey the same to said corporation. And said corporation shall have power to sell and alien their corporate property, and otherwise to manage, improve and alter the same, according to their will and pleasure, and shall make and execute any contracts concerning their estate in the premises, in such manner and form as shall by their bylaws be provided.

Be it further enacted, That said corporation, at Shares. any legal meeting, may agree upon the number of shares into which their estate in the premises shall be divided, and agree upon the forms of the certificates to be given to the proprietors, which shares shall be deemed and considered as personal estate, and shall be transferable by endorsement upon the certificate, recorded by the clerk or secretary of the corporation in a transfer book, and shall be liable to attachment on mesne process, and sale on execution, according to law.

SECT. 4. Be it further enacted, That the said corporation Assessments. shall have power to assess on the several members thereof, from time to time, such sums of money as may be deemed necessary to effect the objects of the corporation, not exceeding one hundred dollars in the whole on each share, and may order at what time and to whom the sums assessed shall be paid: provided, Provisos. always, that two thirds in number and value of the proprietors present at the meeting in which any assessment shall be voted, shall concur therein and provided, also, that no assessment shall be laid unless public notice shall be given of the time, place and purpose of meeting, by advertisement in one or more of the newspapers printed in Boston, ten days at least before the time therefor appointed, or unless notice be specially given by the clerk or secretary to each member of said corporation in hand, designating, in writing, the time, place and purpose thereof.

SECT. 5. Be it further enacted, That after an assessment Assessments to shall have been laid on the shares of this corporation, no assignee be paid before giving a certifiof any share shall be entitled to a certificate in his own name, cate. until he shall have paid all assessments due on the share or shares by him claimed; and the said corporation shall have power, by such rules and regulations as it may establish, to sell at public auction, and issue a new certificate to the purchaser, of any share or shares whereon any assessment shall be due and unpaid, notwithstanding any assignment thereof by the delinquent propri

etor.

First meeting.

Each member entitled to one vote for every share.

Corporation, how long to continue.

Capital stock.

Chap. 37.

porated.

SECT. 6. Be it further enacted, That said corporation may be called together and organized at any meeting of the persons mentioned in the first section of this act, the same being advertised by any one of them in any paper publicly printed in Boston, three times, the first time to be at least six days previous to said meeting. And the corporation, at their first meeting, and afterwards annually, on such days as shall be established by the bylaws, may choose a president, clerk, and such other officers and directors, if any, as shall seem fit to a majority of the members present; and may then and there enact, alter, repeal, amend and renew such by-laws as shall seem expedient and proper to a majority in number and value of the stockholders in said corporation. SECT. 7. Be it further enacted, That in all meetings of said corporation, each member or proprietor shall be entitled to one vote for every share by him held in said corporation, and absent members may vote by proxy, duly authorized by writing, to be produced and recorded by the clerk.

SECT. 8. Be it further enacted, That said corporation shall continue until the first day of January, which will be in the year of our Lord one thousand eight hundred and fifty-three, unless sooner dissolved by authority of the General Court, or in other lawful manner,

SECT. 9. Be it further enacted, That the whole number of shares of the corporate stock of said lessees, shall not exceed five hundred, and the stockholders in said corporation shall be liable, in their individual persons and estate, for all debts and liabilities of the said corporation. [Feb. 16, 1832.]

An ACT to incorporate the Patucket Manufacturing Company. SECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of Persons incor- the same, That David R. Griggs, Aaron D. Weld, Jr., Štephen Goodhue, and Thomas P. Goodhue, their associates, successors and assigns, be, and they hereby are made a corporation, by the name of the "Patucket Manufacturing Company," for the purpose of manufacturing flannels, and other woollen stuff goods, in the town of Dracut; and for this purpose shall have all the powers and privileges, and be subject to all the duties and requirements, contained and provided in and by an act, passed on the twenty-third day of February, in the year of our Lord one thousand eight hundred and thirty, entitled "an act defining the general powers and duties of manufacturing corporations."

Powers and duties.

1829 ch. 53.

Capital stock, and real estate.

SECT. 2. Be it further enacted, That the capital stock of said corporation shall not exceed one hundred thousand dollars; and it may be lawfully seized and possessed of such real estate, as may be necessary and convenient for the purposes aforesaid, not exceeding in value the sum of fifty thousand dollars. [Feb. 16, 1832.]

An Act to incorporate the Franklin Coal Company.

Chap. 38.

SECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, That William Lyman, Robert Ralston, Jr., George Persons incorGregory, and their associates, successors and assigns, be, and porated. they hereby are made a corporation, by the name of the "Franklin Coal Company," for the purpose of digging, or otherwise [Repealed, 1832 ch. 151.] procuring, and vending coals; and shall have all the powers and privileges, and be subject to all the duties and requirements con- Powers and dutained in an act passed the twenty-third day of February, in the year of our Lord one thousand eight hundred and thirty, entitled "an 1829 ch. 53. act defining the general powers and duties of manufacturing corporations.'

ties.

SECT. 2. Be it further enacted, That the said corporation Real and permay lawfully hold such real estate, not exceeding in value one sonal estate. hundred thousand dollars, and such personal estate, not exceeding

in value one hundred thousand dollars, as may be necessary for carrying into effect the purposes of this act.

SECT. 3. Be it further enacted, That the certificates re- Certificates, and specting the capital stock, required by the aforesaid act, to be first meeting. filed and recorded in the registry of deeds, shall be made by the officers of this corporation, and shall be filed and recorded in the registry of deeds for the county of Suffolk. And the first meeting of the said corporation shall be held in Boston, at such time and place as shall be appointed by a majority of the persons named in this act, who shall give notice thereof, by publication in some newspaper printed in Boston, fourteen days at least before the time of meeting. [Feb. 16, 1832.] Add. act, 1832

ch. 151.

An ACT to change the name of the Etna [tna] Insurance Company in Boston, and Chap. 39.

for other purposes.

SECT. 1. BE it enacted by the Senate and House of Rep- 1825 ch. 44. resentatives, in General Court assembled, and by the authority of the same, That the corporation now known by the name of Change of the Etna [Etna] Insurance Company, shall be allowed to take name. the name of the National Insurance Company.

SECT. 2. Be it further enacted, That the said corporation Powers. under the name of the National Insurance Company, shall have and enjoy all the powers and privileges, and be subject to all the duties and restrictions granted and contained in the act, entitled "an act to incorporate the Etna [Etna] Insurance Company in 1825 ch. 44. Boston," passed on the eighteenth day of June, in the year of our Lord one thousand eight hundred and twenty-five, except as herein modified, for and during the term of twenty years after the passing of this act.

SECT. 3. Be it further enacted, That after either of the in- Instalments, stalments of the capital stock of said company shall become due how collected. and payable, the term of thirty days shall be allowed for collecting and completing the deficiency, if any, arising from non payment by any delinquent stockholder or subscriber, and that the times fixed in and by the said act, for the payment of the third and fourth instalments of the said capital stock, shall be extended

Limitation of risks.

Sale of shares

to such times as the directors of said corporation shall hereafter appoint provided, however, that the whole of the first and second instalments of the said capital stock shall be paid in at the times. named in said act, or within thirty days after; and shall be invested and secured in the like ample manner as is provided in the said act, for the investment and security of the whole capital stock, when fully paid in and provided, further, that the company shall never take on any one risk, a sum exceeding ten per centum on the capital stock of said company, actually paid in.

:

SECT. 4. Be it further enacted, That if any subscriber to the of delinquents. stock of said company, or any holder thereof, for the time being, shall fail to pay either of the instalments thereon, on the days they shall become due respectively, the directors of said company shall have power to sell and dispose of so many of the shares of such subscriber or stockholder, either at public or private sale, as shall be sufficient to pay the amount due from him to the company, with interest, and all necessary and incidental charges: provided, ten days notice shall first have been given to such delinquent subscriber or stockholder, of the intention of the directors to sell and dispose of the said shares, at or after the expiration of that time, unless payment shall sooner be made. [Feb. 18, 1832.] Add. act, 1833 ch. 3.

1825 ch. 132.

Corporation

road.

poration.

Chap. 40. An Act in addition to an Act to establish the Hampden and Berkshire Turnpike CorSECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, That the Hampden and Berkshire Turnpike Corpomay alter their ration, be, and hereby are authorized and empowered to make the following alterations in their road, as now established, viz : beginning at the foot of a steep hill in said road, about fifty rods west of the house of John Phelps, in the town of Russel, and county of Hampden, and thence running south of the present turnpike road around said hill, in a westerly direction, about forty rods, until it again meets the turnpike, and also at a point in said road about forty rods west of the house of James Bishop, in said town of Russel, and thence running north of the present turnpike road, near the house of the heirs of Amos Ward, in a westerly direction, about three fourths of a mile, upon the most advantageous ground, until it again meets the turnpike, on the cleared land of Jacob Loomis. And whenever said alterations shall be made and accepted by the committee that shall be appointed for that purpose, so much of the present turnpike as lies between the points of intersection with the contemplated alterations, shall be discontinued.

Duties of corporation.

SECT. 2. Be it further enacted, That, in locating and constructing said road, the Hampden and Berkshire Turnpike Corporation shall be subject to all the duties, obligations and requirements of the act defining the general powers and duties of turnpike corporations, and of the act to which this is in addition. [Feb. 20, 1832.]