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stockholders in the Greenwoods Company, or joint stock corporation heretofore known by that name.

SEC. 11. This act may be altered, amended or repealed at the pleasure of the general assembly.

INCORPORATING THE HARTFORD CARPET COMPANY.

PASSED 1858.

Upon the petition of Cyprian Nichols and others, praying for an act of

incorporation :

Resolved by this Assembly, Sec. 1. That Orrin Thompson, Cyprian Nichols, George Beach, William Hungerford, Edmund G. Howe, David Clark, Charles Boswell, Timothy M. Allyn, Richard D. Hubbard, Gurdon Trumbull, with all others who are or shall hereafter become associated with them, be and they hereby are, with their successors and assigns, made and established a body politic and corporate, by the name of the Hartford Carpet Company, for the purpose of manufacturing carpets, wool, cotton and other manufactures and goods, composed in whole or in part of wool, cotton and flax, or other materials, and manufacturing machinery and lumber, grinding grain and manufacturing other fabrics in the most advantageous manner, and for mercantile purposes. And by that name, they and their successors and assigns shall be and they hereby are authorized and empowered to purchase, take, hold, occupy, possess and enjoy to them, their successors and assigns, any goods, chattels and effects, of whatever kind they may be, the better to enable them to carry on such business to advantage, also to purchase, take, hold, occupy and enjoy any lands, tenements or hereditaments, in the county of Hartford, as shall be necessary for the views and purposes of said corporation, and the same or any part thereof sell, lease and dispose of at pleasure; or to take a lease or leases of any such lands and real estate for a term or terms of years; also to sue and be sued, plead and be impleaded, defend and be defended, answer and be answered unto in any court of record or elsewhere. And said corporation may have and use a common seal, and

may alter the same at their pleasure.

SEC. 2. The capital stock of said corporation shall be seven hundred and fifty thousand dollars, with liberty to increase the same from time to time to an amount not exceeding in the whole, the sum of one million dollars. And that a share of said stock shall be not more than one hundred dollars. And shall be deemed and considered personal estate, and be transferable only on the books of said company, in such form as the directors of said corporation shall prescribe. And said company shall at all times have a lien upon all the stock or property of the members of said corporation invested therein, for all debts due from them to said company. And said corporation may organize, go into operation and com

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mence business whenever and as soon as two hundred thousand dollars of
said stock shall be taken up and subscribed for.

Sec. 3. The stock, property and affairs of said corporation shall be managed by not less than three nor more than seven directors, one of whom they shall appoint their president, who shall hold their offices for one year and until others are chosen ; which said directors shall be stockholders, and shall be annually elected at such times and piaces as the by-laws of said corporation shall prescribe. A majority of said directors shall in all cases when met, constitute a board for the transaction of business, and a majority of the stockholders present at any legal meeting shall be capable of transacting the business of such meeting, each share entitling the owner thereof to one vote, which vote may be given by said stockholder in person or by lawful proxy. That the first meeting of the corporation hereby formed, may be called by the person or persons designated for that purpose by the corporators named in the first section of this act, at such time and place, and giving such notice of such meeting, as the person or persons, or a majority of them thus designated, shall deemn reasonable and proper.

Sec. 4. The president and directors for the time being, or a major part of them, shall have power to fill any vacancy which may happen in their board by death, resignation or otherwise, for the then current year, and to appoint and employ, from time to time, a secretary, treasurer and such other officers, mechanics and laborers as they may think proper, for the transaction of the business and concerns of said company, and may require said secretary, treasurer and other officers to give such security, by bond or otherwise, for the faithful discharge of their trusts and duties as said directors shall deem proper; and also to make and establish such by-laws, rules and regulations as they shall deem expedient for the better management of the concerns of said corporation, and the same to alter and repeal; provided always, that such by-laws, rules and regulations be not inconsistent with the laws of this state, or of the United States. And said directors shall and may, as often as the interest of the stockholders shall require, and the affairs of said company will permit, declare a dividend or dividends of profits on each share, which shall be paid by the treasurer of said company.

Sec. 5. If it shall so happen that an election of directors shall not be made on any day appointed by the by-laws of said company, said corporation shall not for that cause be deemed to be dissolved, but such election may be holden on any day thereafter which shall be appointed by the directors.

Sec. 6. The books of said corporation containing their accounts, shall at all reasonable times be open for the inspection of any of the stockholders of said corporation. And as often as once in each year a statement of the accounts of said company shall be made by order of the directors. And said directors may obtain new subscriptions to the capital stock at any time, not exceeding in the whole the sum of one million dollars.

SEC. 7. The directors may call in the subscriptions to the capital stock by installments, in such proportions and at such times and places as they shall deem proper, giving such notice thereof as the by-laws and regulations of said company shall prescribe. And in case any stockholder shall

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neglect or refuse payment of such installment or installments for the term of sixty days after the same shall become due and payable, and after he, she or they have been notified thereof, such negligent stockholder shall forfeit to said company all his, her or their previous installments, together with all his, her or their rights and interest whatever in said stock. Provided, that nothing herein shall be construed to authorize or empower said corporation to use their funds for any banking transaction.

Sec. 8. The said corporation shall within the period of twelve months next after the same shall become organized, lodge a certificate with the secretary of this state, containing the amount of capital stock actually paid in and belonging to said company, which said certificate shall be signed by the president and secretary and verified by their oath. And the amount of capital stock thus certified shall not be withdrawn so as to reduce the same below the amount stated in said certificate. And in the event any part of the capital stock paid in and certified, shall be withdrawn without the consent of the general assembly, the directors ordering, causing or allowing such withdrawal or reduction of capital, shall be liable jointly and severally, as traders in company, in case of the insolvency of said corporation at any period afterwards, for all debts owing by said corporation at the time of or subsequently to the reduction or diminution of the capital as aforesaid.

Sec. 9. This act shall be subject to be altered, amended or repealed at the pleasure of the general assembly.

CHANGING NAME OF HARTFORD TWINE COMPANY TO WASUC MILLS.

PASSED 1849.

Upon the petition of the Hartford Twine Company, a joint stock corporation, formed agreeably to the laws of this state, showing that in consequence of the increase of the capital of said company, and the change in their business, their present name has become inappropriate and inconvenient, and praying that the name of said company be changed to “Wasuc Mills,” as per petition on file:

Resolved by this Assembly, That the name of the Hartford Twine Company be, and the same is hereby changed to that of " Wasuc Mills;" and that all the rights, liabilities, privileges and estate, real, personal and mixed, of said company, all debts due or owing to or from said company under the name of the Hartford Twine Company, and all actions or causes of action, suits or demands of every nature, shall be and remain to and against said company, by the name and style of “ Wasuc Mills;" and actions and suits at law may be sustained by and against said company, by the name of “Wasuc Mills,” for causes of action which have arisen or may arise against or in favor of said company, in the same manner as could or might have been done if said company had been originally organized under said name.

INCORPORATING THE HAZARD POWDER COMPANY.

PASSED 1854.

Resolved by this Assembly, Sec. 1. That A. G. Hazard, Peter C. Cornell, A. H. Bullock, George L. Cornell, Andrew E. Douglass, T. Thompkins, Joseph Thompkins and Charles Peterson, with all others who are or shall hereafter become associated with them, be and they hereby are, with their successors and assigns, made and established a body politic and corporate, by the name of the Hazard Powder Company, to be located at Enfield, in Hartford county, for the purpose of manufacturing all kinds of gunpowder, and manufacturing machinery, grinding grain, and manufacturing other articles in the most advantageous manner, and for the purpose of trade. And by that name they and their successors and assigns shall be and they are hereby authorized to purchase, take, hold, occupy, possess and enjoy, to them, their successors and assigns, any goods, chattels and effects of whatever kind they may be, the better to enable them to carry on such business in a profitable manner; also to purchase, take, hold, occupy and enjoy such lands, tenements or hereditaments, as shall be necessary for the accomplishment of the purposes of the corporation, and the same or any part thereof to sell, lease and dispose of at pleasure, or to take a lease or leases of any such land and real estate for a term or term of years ; also to sue and be sued, plead and be impleaded, defend and be defended, answer and be answered to in all courts of record or elsewhere. And said corporation may have and use a common seal, which they may alter at pleasure.

Sec. 2. The capital stock of said corporation shall be seven hundred thousand dollars, which may be increased from time to time to an amount not exceeding in the whole one million dollars. One share of said stock shall not be more than one hundred dollars, and shall be deemed and considered personal estate, and be transferable only on the books of said company, in such form as the directors of said company shall prescribe. And said company shall, at all times, have a lien on all the stock, or property of the members of said corporation invested therein, for all debts due from them to said corporation. And said corporation may organize, go into operation, and commence business, whenever and as soon as three hundred thousand dollars of said stock shall be taken up and subscribed

Sec. 3. The stock, property, and affairs of said corporation shall be managed by a board of not less than three nor more than seven directors, one of whom shall be chosen president by them, and all of whom shall hold their offices for one year, and until others are chosen. Said directors shall be stockholders, and shall be annually elected at such times and

for.

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places as the by-laws of such corporation shall prescribe. A majority of said directors shall in all cases, when met, constitute a board for transacting business, and a majority of the stockholders present at any legal meeting shall be capable of transacting the business of such meeting, each share entitling the owner thereof to one vote, which vote may be given by said stockholder in person or by lawful proxy. That the first meeting of the corporation hereby formed may be called by a person or persons appointed for that purpose by the corporators named in the first section of this act, at such time and place, and giving such notice thereof, as said corporators named in said first section shall deem reasonable and proper.

Sec. 4. The president and directors, or a majority of them, for the time being, shall have power to fill any vacancy in their board which may happen by death, resignation, or otherwise, for the then current year, and employ a secretary, treasurer, and such other officers, mechanics and laborers as they may think necessary for the transaction of the business and concerns of said corporation, and may require said secretary, treasurer and other officers to give security by bond or otherwise, for the faithful discharge of their trust and duty, as said directors may think proper, and also, to make and establish such by-laws, rules and regulations as they shall deem expedient and proper for the better management of the affairs of said corporation, and the same to alter and repeal. Provided always, said by-laws, rules and regulations be not inconsistent with the laws of this state or of the United States; and said directors may, and shall, as often as the interest of the stockholders shall require, and the affairs of said corporation shall permit, declare a dividend or dividends of profits on each share, which shall be paid by the treasurer of said company.

Sec. 5. If the annual election of directors shall not be made on the day appointed by the by-laws of said company, the corporation shall not be deemed dissolved for such cause, but said election may be holden on any subsequent day, which shall be appointed by said directors.

Sec. 6. The books of said corporation, containing their accounts, shall at all reasonable times be open for the inspection of any of the stockholders of said corporation; and an annual statement of the accounts of said corporation shall be made by order of the directors, and the directors may obtain at any time new subscriptions to the capital stock, until the same shall amount to one million of dollars.

Sec. 7. The directors may call in the subscriptions to the capital stock by installments, in such proportions and at such times and places as they may deem proper, giving such notice thereof as the by-laws and regulations of said corporation shall prescribe. And if any stockholder shall neglect or refuse to pay such installment or installments within sixty days after the same shall become due and payable, and after the said stockholder has been notified thereof, such negligent stockholder shall forfeit to said company all his or her previous installments, together with all his or her rights and interests whatever, in said stock. Provided, that nothing herein shall be construed to authorize said corporation to use their funds for any banking transaction.

Sec. 8. The said corporation shall within the period of twelve months next after the same shall become organized, lodge a certificate with the secretary of the state, containing the amount of capital stock actually paid in and belonging to said company, which certificate shall be signed by

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