Power of insur- Company shall be, and hereby are authorized to insure, for any ing extended. term of time not less than one year, nor more than seven years, on any dwelling-house or other building, and on any household furniture, merchandize and other personal property in any part of this Commonwealth, to any amount not exceeding three fourths of the value of the property insured.

Policies shall

create a lien on buildings insured.

Chap. 17.

Persons incorporated.

Real and personal estate.

Chap. 18.

porated.

SECT. 2. Be it further enacted, That each policy of insurance hereafter made shall of itself, without any other ceremony, create a lien on the buildings therein insured, and on the land under the same, and also on any other property insured, for the premium stipulated in said policy, and of all assessments lawfully made by virtue thereof, and this provision shall not prevent the taking of other collateral security. [Jan. 30, 1832.]

An ACT to incorporate the Trinitarian Church in New Bedford. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, That Joshua Barker, David Briggs, Charles Coggeshall, Phinehas Burgess, Benjamin Thompson, Junior, John C. Almy, Joshua E. Gage, Alfred Kendrick, Simeon Bailey, Robert Gibbs, Frederick Reed, Richard A. Palmer, and their associates, successors and assigns, be, and they hereby are incorporated into a religious society, by the name of the Trinitarian Church in New Bedford, with all the privileges, powers and immunities to which other religious societies in this Commonwealth are by law entitled, and may hold, purchase and receive, by gift or otherwise, real or personal estate not exceeding in value thirty thousand dollars; and Joshua Barker is hereby authorized to call the first meeting of said society, for the choice of officers, and for the organization thereof, by giving public notice in one of the newspapers printed in New Bedford, of the time and place of said meeting. [Feb. 2, 1832.]

An ACT to incorporate the Spring Manufacturing Company. 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 Henry Upham, Thomas B. Coolidge, William C. Dunbar, and John D. Dunbar, their associates, successors and assigns, be, and they hereby are made a corporation, by the name of the "Spring Manufacturing Company," for the purpose of manufacturing woollen and cotton goods and machinery, in the town of Winchendon, in the county of Worcester; and for this purpose shall have all the powers and privileges, and be subject to all the duties and requirements contained in an act, entitled "an act defining the general powers and duties of manufacturing corporations," passed the twenty-third day of February, in the year of our Lord one thousand eight hundred and thirty.

Powers and duties.

1829 ch. 53.

Real and personal estate.

SECT. 2. Be it further enacted, That the said corporation may be lawfully seized and possessed of such real estate, not exceeding the value of seventy-five thousand dollars, and such per

sonal estate not exceeding the value of one hundred thousand dollars, as may be necessary and convenient for the purposes aforesaid. [Feb. 2, 1832.]

An ACT to incorporate the Greenfield Manufacturing Company.

Chap. 19.

SECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, That Nathaniel E. Russell, Francis Russell, Ed- Persons incormund Dwight, and J. K. Mills, together with such other per- porated. sons as may become associates with them, their successors and assigns, be and they are hereby made a corporation, by the name of the "Greenfield Manufacturing Company," for the purpose of manufacturing cotton and wool, and machinery, in the town of Greenfield, in the county of Franklin; and for this purpose shall Powers and duhave all the powers and privileges, and be subject to all the duties and requirements contained in an act passed on the twentythird day of February, in the year of our Lord one thousand eight hundred and thirty, entitled "an act defining the general powers 1829 ch. 53. and duties of manufacturing corporations."

ties.

SECT. 2. Be it further enacted, That said corporation may Real and perbe lawfully seized and possessed of such real estate, not exceed- sonal estate. ing in value the sum of fifty thousand dollars, exclusive of improvements, and such personal estate, not exceeding in value the sum of one hundred thousand dollars, as may be necessary and convenient for carrying on the manufactures aforesaid.

2, 1832.]

[Feb.

1805 ch. 34.

An Act to authorize certain persons to be agents and attornies for the full settlement Chap. 20. of the affairs and concerns of the late Newburyport Marine Insurance Company. 1799 ch. 6. SECT. 1. BE it enacted by the Senate and House of Repre- (v. 2. p. 302.) sentatives, in General Court assembled, and by the authority of 1832 ch. 5. the same, That Edward S. Rand and Henry Frothingham, Es- Trustees apquires, two of the stockholders of the late Newburyport Marine pointed. Insurance Company, be, and they hereby are appointed trustees and agents, for the due collection of all the outstanding claims of the said company, with the same powers there for as the former president and directors of the said company had before the dissolution thereof, to collect all the remaining debts due to, and to settle all the demands against the late corporation; and it shall be their duty to apportion the residue of all sums received by them among the stockholders of said company, according to the respective shares by them holden therein, and to adopt all proper measures therefor.

thorized to fill

SECT. 2. Be it further enacted, That the said trustees, or Trustees auagents, or either of them, shall have power to fill any vacancy vacancies. which may happen by reason of death, resignation, or inability of either of said trustees, before the concerns of said company shall be fully closed.

SECT. 3. Be it further enacted, That an act entitled "an Repeal. act to authorize certain persons to be agents and attornies for the full settlement of the affairs and concerns of the late Newburyport

Chap. 21.

Marine Insurance Company," passed the 18th January, A. D., 1832, be, and the same is hereby repealed. [Feb. 2, 1832.]

An Act to incorporate the Boston Lying-in Hospital.

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 Benjamin Rich, Thomas K. Jones, Charles porated. Lowell, John Heard, Jr., Francis J. Oliver, Lynde Walter, Francis Parkman, James W. Burditt, Henderson Inches, Joseph Lovering, Joseph Coolidge, Robert G. Shaw, Daniel P. Parker, George Hayward, Edward H. Robbins, Jacob Bigelow, James Phillips, Samuel Perkins, Gedney King, Samuel Foster Mc Cleary, Charles Jones, and William C. Aylwin, with their associates, together with such other persons as shall from time to time be duly admitted members of the corporation hereby created, be, and they are hereby formed into and constituted a body politic and corporate, under the name of the Boston Lying-in Hospital, and by that naine may sue and be sued, prosecute and defend suits in law or in equity to final judgment and execution, and shall have a common seal, to be by them devised, and the same may break, change or alter and renew at pleasure.

Election of officers, &c.

Real and personal estate.

Change of

name.

SECT. 2. Be it further enacted, That the said corporation may at their first, or any subsequent meeting, choose all necessary and convenient officers, who shall be elected in such manner and for such periods of time as the by-laws of said corporation shall provide, and the said corporation shall have power to make and establish such by-laws and regulations for the election and government of its members, and for managing its property, as they shall judge to be proper, not repugnant to the constitution and laws of this Commonwealth, and may suspend, disfranchise, or expel any member for the breach of the same.

SECT. 3. Be it further enacted, That the said corporation shall be capable to take and receive, hold, purchase, and possess any grants and devises of lands, tenements, or hereditaments, in fee simple or otherwise, and any donations and bequests and subscriptions of money or other property, and the same, or any part thereof, to change, alien and convey provided, that the annual income of any real estate by the said corporation held, exclusive of the building or buildings with the land thereto belonging, which may be actually occupied or used by the said corporation for said lying-in hospital, shall not exceed the sum of ten thousand dollars, and that the personal estate of said corporation shall not exceed in value, the sum of two hundred thousand dollars.

SECT. 4. And be it further enacted, That it shall be lawful for the said corporation, at any general meeting of its members, to alter or change the name of said corporation, either by substituting the name of any distinguished benefactor, who may contribute a sum exceeding the amount of thirty thousand dollars, for the benefit of said corporation, and to aid the benevolent purposes of the institution, or by adding the name of such benefactor to the name given to said corporation by this act; and upon

such change so as aforesaid made and notice thereof having been given in two or more newspapers, said corporation shall have a right to assume and take such name, and shall have, hold and enjoy all the powers and privileges given by this act, notwithstanding such alteration and change.

SECT. 5. And be it further enacted, That the persons herein First meeting. named, or any two or more of them, shall have power to call the first meeting of the members of said corporation, by giving public notice of the time and place of meeting, two weeks successively in two newspapers printed in Boston. [Feb. 4, 1832.] Add. act, 1833 ch. 59.

An Act to increase the capital stock of the Andover Bank.

increased.

Chap. 22. SECT. 1. BE it enacted by the Senate and House of Repre- 1825 ch. 161. sentatives, in General Court assembled, and by the authority of 1830 ch. 58. the same, That the President, Directors and Company of the Capital stock Andover Bank, be, and hereby are authorized and empowered to increase their present capital stock, by an addition of twenty-five thousand dollars thereto, in shares of one hundred dollars each, which shall be paid in such instalments, and at such times as the president and directors of said bank may direct and determine : provided, however, that the whole amount shall be paid in, on or before the first day of October next.

stock liable to

SECT. 2. Be it further enacted, That the additional stock Additional aforesaid shall be subject to the like tax, regulations, restrictions, taxation, &c. and provisions to which the present capital stock of said corpo

ration is now subject.

SECT. 3. Be it further enacted, That, before said corpora- Certificate. tion shall proceed to do business upon the said additional capital, a certificate signed by the president and directors, and attested by the cashier, that the same has been actually paid into said bank, shall be returned into the office of the secretary of this Commonwealth. [Feb. 10, 1832.] Add. acts, 1833 ch. 150: 1836 ch. 97.

Chap. 23.

An ACT to incorporate the Institution for Savings in the town of Fairhaven. SECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, That Ezekiel Sawin, Asa Swift, Jr., Nathan Church, Persons incorLemuel Tripp, Phinehas Terry, Duncan McB. Thaxter, J. F. porated. Terry, George Hitch, Silvanus Allen, Philemon Fuller, Jr., James Tripp, Joshua Hitch, James Tripp, 2d., Joseph Bates, James Niel, Hiram H. Stackpole, W. Barstow, F. R. Whitwell, Noah Stoddard, Jabez Delano, Jr., Joseph Tripp, Levi Jenney, A. P. Willcox, Z. M. Allen, Enoch S. Jenney, James Wing, Philip Nye, Ansel Allen, Ansel Gibbs, Wm. P. Jenney, Wm. S. B. Gibbs, Rowland Rogers, Lebbeus Bailey, Bartholomew Taber, John Howland, Abner Pease, Elihu Wood, Jr., O. S. Irish, Arthur Cox, Rowland Gibbs, Franklin Bates, Joseph Whelden, and Sampson Perkins, and such other persons as may be duly elected, and their successors, be, and they are

Deposits.

Investment and

posits.

hereby incorporated into a body politic, by the name of the "Fairhaven Institution for Savings."

SECT. 2. Be it further enacted, That the said corporation shall be capable of receiving from any person or persons disposed to obtain and enjoy the advantages of said institution, any deposit or deposits of money, and to use and improve the same for the purposes, and according to the directions herein mentioned and provided.

SECT. 3. Be it further enacted, That all deposits of money income of de- received by said institution shall be by them improved to the best advantage, and be invested in such manner as best to promote the objects of the institution, and the income or profits thereof shall be by them divided among the persons making the said deposits, their executors, administrators and assigns, in just proportion, with reasonable deductions for expenses, and the principal of such deposits may be withdrawn at such time, and in such manner as the said institution shall direct and appoint.

General powers.

Members.

Place of meet

of officers.

SECT. 4. Be it further enacted, That the said corporation may have a common seal, which they may alter and renew at pleasure; that all deeds, conveyances, grants, covenants, contracts and agreements, made by their treasurer, or any other person or persons by their authority and direction, shall be good and valid, and the said corporation shall, at all times, have power to sue, and may be sued, and may defend, and shall be held to answer by the name aforesaid.

SECT. 5. Be it further enacted, That the said corporation shall, at any legal meeting, have power to elect, by ballot, any other person or persons, as member or members of said institution, and any member, upon filing a written notice with the president thereof, three months prior, may, at any annual meeting of said corporation, withdraw, and forever dissolve his connexion with the same.

SECT. 6. Be it further enacted, That the said corporation ing, and election shall hereafter meet at Fairhaven, some time in the month of January annually, and at such other times as the corporation shall direct; and any seven members of the corporation, the president, treasurer, or secretary being one, shall be a quorum, and the said corporation, at their first meeting, and at their meetings in January annually, shall have power to elect by ballot, a president, and treasurer, who shall give bond, in the sum of five thousand dollars, for the faithful discharge of the duties of his office, and such other officers as to them shall appear necessary, which officers, so chosen, shall continue in office one year, and until others are chosen in their stead; and all officers so chosen shall be under oath to the faithful performance of the duties of their office respectively,

Statement of affairs.

Be it further enacted, That the officers and agents of said institution shall lay a statement of the affairs thereof before any persons appointed by the Legislature to examine the same, whenever required so to do, and shall exhibit to them all the