contrary, to wit: The president, directors and company of the Atlantic bank in Boston, capital stock five hundred thousand dollars; the president, directors and company of the American bank in Boston, capital stock five hundred thousand dollars; the president, directors and company of the Asiatic bank in Salem, capital stock two hundred thousand dollars; the president, directors and company of the Agricultural bank in Pittsfield, capital stock one hundred thousand dollars; the president, directors and company of the Andover bank in Andover, capital stock one hundred thousand dollars; the president, directors and company of the Bunker Hill bank in Charlestown, capital stock one hundred and fifty thousand dollars; the president, directors and company of the Beverly bank in Beverly, capital stock one hundred thousand dollars; the president, directors and company of the Boston bank in Boston, capital stock six hundred thousand dollars; the president, directors and company of the Barnstable bank in Yarmouth, capital stock one hundred thousand dollars; the president, directors and company of the Bedford Commercial bank in New Bedford, capital stock two hundred and fifty thousand dollars; the president, directors and company of the Blackstone bank in Uxbridge, capital stock one hundred thousand dollars; the president, directors and company of the Bank of Norfolk in Roxbury, capital stock two hundred thousand dollars; the president, directors and company of the Commercial bank in Salem, capital stock two hundred thousand dollars; the president, directors and company of the Commonwealth bank in Boston, capital stock five hundred thousand dollars; the president, directors and company of the City bank in Boston, capital stock ten hundred thousand dollars; the president, directors and company of the Central bank in Worcester, capital stock one hundred thousand dollars; the president, directors and company of the Columbian bank in Boston, capital stock five hundred thousand dollars; the president, directors and company of the Cambridge bank in Cambridge, capital stock one hundred and fifty thousand dollars; the president, directors and company of the Dedham bank in Dedham, capital stock one hundred thousand dollars; the president, directors and company of the Danvers bank in Danvers, capital stock one hundred and twenty thousand dollars; the president, directors and company of the Exchange bank in Salem, capital stock two hundred thousand dollars; the president, directors and company of the Eagle bank in Boston, capital stock five hundred thousand dollars; the president, directors and company of the Fall River bank in Troy, capital stock two hundred thousand dollars; the Franklin bank in Greenfield, capital stock one hundred thousand dollars; the president, directors and company of the Falmouth bank in Falmouth, capital stock one hundred thousand dollars; the president, directors and company of the Franklin bank in Boston, capital stock one hundred thousand dollars; the president, directors and company of the Globe bank in Boston, capital stock ten hundred thousand aollars; the president, directors and company of the Gloucester bank in Gloucester, capital stock one hundred and twenty thousand dollars; the Hampden bank in Westfield, capital stock one hundred thousand dollars; the president, directors and company of the Hampshire bank in Northampton, capital stock one hundred thousand dollars; the president, directors and company of the Hampshire Manufacturers' bank in Ware, capital stock one hundred thousand dollars; the president, directors and company of the Housatonic bank in Stockbridge, capital stock one hundred thousand dollars; the president, directors and company of the Lowell bank in Lowell, capital stock one hundred and fifty thousand dollars; the president, directors and company of the Leicester bank in Leicester, capital stock one hundred thousand dollars; the president, directors and company of the Lynn Mechanics bank in Lynn, capital stock one hundred thousand dollars; the president, directors and company of the Marblehead bank in Marblehead, capital stock one hundred and twenty thousand dollars; the Merchants' bank in New Bedford, capital stock two hundred and fifty thousand dollars; the president, directors and company of the Manufacturers' and Mechanics' bank of Nantucket, in Nantucket, capital stock one hundred thousand dollars; the president, directors and company of the Mercantile bank in Salem, capital stock two hundred thousand dollars; the president, directors and company of the Merchants' bank in Salem, capital stock four hundred thousand dollars; the president, directors and company of the Mendon bank in Mendon, capital stock one hundred thousand dollars; the president, directors and company of the Merrimack bank in Haverhill, capital stock one hundred and fifty thousand dollars; the president, directors and company of the Mechanics' bank in Newburyport, capital stock two hundred thousand dollars; the president, directors and company of the Massachusetts bank in Boston, capital stock eight hundred thousand dollars; the president, directors and company of the New England bank in Boston, capital stock ten hundred thousand dollars; the president, directors and company of the North bank in Boston, capital stock seven hundred and fifty thousand dollars; the president, directors and company of the Newburyport bank in Newburyport, capital stock two hundred and ten thousand dollars; the president, directors and company of the Plymouth bank in Plymouth, capital stock one hundred thousand dollars; the president, directors and company of the Pawtucket bank in Pawtucket, capital stock one hundred thousand dollars; the president, directors and company of the Springfield bank in Springfield, capital stock two hundred and fifty thousand dollars; the president, directors and company of the Suffolk bank in Boston, capital stock seven hundred and fifty thousand dollars; the president, directors and company of the Salem bank in Salem, capital stock two hundred and fifty thousand dollars; the president, directors and company of the State bank in Boston, capital stock eighteen hundred thousand dollars; the president, directors and company of the Tremont bank in Boston, capital stock five hundred thousand dollars; the presi dent, directors and company of the Taunton bank in Taunton, capital stock one hundred and seventy-five thousand dollars; the president, directors and company of the Washington bank in Boston, capital stock five hundred thousand dollars; the president, directors and company of the Worcester bank in WorcesPowers and du- ter, capital stock two hundred thousand dollars :-And the said corporations respectively shall be entitled to all the powers and privileges, and subject to all the duties, liabilities and requirements, contained in an act passed on the twenty-eighth day of February, in the year of our Lord one thousand eight hundred. and twenty-nine, entitled "an act to regulate banks and banking," and the following sections of this act. ties. 1828 ch. 96. No one shall own more than one half of the any bank. SECT. 2. Be it further enacted, That, from and after the first Monday of October, which will be in the year of our Lord capital stock of one thousand eight hundred and thirty-one, no individual or corporation shall have a right to hold, or shall directly or indirectly take, hold, or own more than fifty per centum of the amount of the capital stock of any bank incorporated in this Commonwealth, exclusive of such stock as may be held bona fide, as collateral security, by such individual or corporation. Losses to be made good by corporations that are stock holders. 1828 ch. 96. 1829 ch. 79. sluice ways and flood gates through the highway. may SECT. 3. Be it further enacted, That any corporation which be or become a stockholder in any bank within this Commonwealth, shall, from and after the first Monday of October, in the year of our Lord one thousand eight hundred and thirty-one, be liable in its corporate capacity to pay and make good any loss or deficiency of the capital stock in such bank, which shall arise from the official mismanagement of its directors, and shall be holden for the payment and redemption of all bills which may have been issued by said bank, and remain unpaid when its charter shall expire, in the same manner as individual stockholders are by law made liable in their individual capacities; and such corporations shall have the right to compel à contribution from other stockholders, on the conditions, and in the manner prescribed by the fourteenth section of an act, entitled "an act to regulate banks and banking." [Feb. 28, 1831.] Cove, in the town of Gloucester." Chap. 59. An Act in addition to "An Act to authorize the laying out of a highway over Goose SECT. 1. BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of Town authori- the same, That the town of Gloucester, in making the highway zed to construct authorized by the act to which this is in addition, be, and hereby is empowered to construct convenient and suitable sluice ways, or water courses, through said highway, and build flood gates suitable for admitting and stopping the tide waters, for the purpose of creating mill privileges. And said town is further empowered to lease or dispose of the water privilege so created, or erect mills thereon, and use or lease the mills erected: provided, however, that such water courses or erections do not obstruct said highway, as laid out by the county commissioners. SECT. 2. Be it further enacted, That this act shall take effect when the said town of Gloucester, at a legal meeting called When this act for that purpose shall accept the same. shall take effect. SECT. 3. Be it further enacted, That this act may be al- Legislative contered or amended at the pleasure of the Legislature. [March trol. 1, 1831.] An ACT incorporating the Boston Paper Company. Chap. 60. 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 Parker, George Bird, and John H. Persons incorBelcher, together with such others as now have, or may hereafter porated. associate with them, their successors or assigns, be, and they are hereby made a corporation, by the name of the Boston Paper Company, for the purpose of manufacturing paper in the town of Watertown, in the county of Middlesex, and for this purpose are Powers and duentitled to all the powers and privileges, and subject to all the ties. duties and requirements, contained and prescribed in an act passed the twenty-third of February, in the year of our Lord one thousand eight hundred and thirty, entitled "an act defining the gen- 1829 ch. 53. eral powers and duties of manufacturing corporations." SECT. 2. Be it further enacted, That the said Boston Paper Real and perCompany, in their corporate capacity, may lawfully hold and sonal estate. possess such real and personal estate as may be necessary for the purposes of said corporation provided, the value of such real estate shall not exceed the sum of thirty thousand dollars, and the value of such personal estate, the sum of thirty thousand dollars. [March 1, 1831.] An Act to incorporate the Duck Harbour and Beach Company in the town of Well- Chap. 62. fleet. SECT. 1. BE it enacted by the Senate and House of Repre sentatives, in General Court assembled, and by the authority of the same, That David Baker, Richard Rich, Peter Lombard, Persons incorStephen A. Harding, Richard P. Lombard, Henry Atwood, porated. and Freeman Atwood, their associates and successors, be, and they hereby are incorporated, by the name of the Duck Harbour and Beach Company in the town of Wellfleet, for the purpose of constructing and keeping in repair all such fences, hedges or other works, as may be necessary for the preservation and improvement of the harbour and landing place, which have been formed on the west side of Griffin's island, in the town of Wellfleet. SECT. 2. Be it further enacted, That the said corporation, Choice of offiat their first meeting, and at an annual meeting in the month of cers. March, to be provided for by the by-laws, may choose by ballot five members of said corporation to be a board of managers, and such other officers as they may deem proper. SECT. 3. Be it further enacted, That, at any legal meeting Assessments. of the said company, they may assess such sums of money as may be deemed necessary for the purposes of said company upon the members thereof. Provided, that no assessment shall be made unless two thirds of the members present shall vote for such assessment. Fees. By-laws. First meeting. Legislative control. Chap. 63. porated. [Powers enlarg1835 ch. 120.] ed, 1833 ch. 56: Powers and duties. SECT. 4. Be it further enacted, That said company shall have power to demand and receive of the owner or owners of any smack or vessel, that shall haul into any creek or dock, or upon the beach or landing place in said harbour, for the purpose of wintering there, the payment of such sum or sums as the said company shall agree upon at each annual meeting. And the said company shall not exact or receive any fees of any vessel or person for landing lumber or other merchandize upon the landing place in said harbour. SECT. 5. Be it further enacted, That the said company may make by-laws in relation to assessments, the choice of officers, and the other concerns of said company. SECT. 6. Be it further enacted, That Freeman Atwood is authorized to call the first meeting of said company, by giving personal notice to each member of said company; and said company may, at said first meeting, and each annual meeting, elect other individuals as members thereof, in such manner as the bylaws may prescribe. SECT. 7. Be it further enacted, That this act may be amended or repealed at the pleasure of the Legislature. [March 1, 1831.] An ACT to incorporate the Fishing Insurance 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 Ebenezer H. Little, Ebenezer Hayward, Charles Cole, Jr., Benson Leavitt, Robert E. Little, Robert Ripley, Otis Drury and Jonathan Lane, with their associates, successors and assigns, be, and they are hereby incorporated into a company and body politic, by the name of the Fishing Insurance Company, for the purpose of taking marine risks on fishing vessels, whilst employed in the fishing business, their cargoes and appurtenances, except those engaged in the whale fishery, with all the powers and privileges granted to insurance companies, and subject to all the restrictions, duties and obligations, contained in a law of this Commonwealth, entitled "an act to define the powers, duties and restrictions of insurance companies," passed on the sixteenth day of February, in the year of our Lord eighteen hundred and eighteen, for and during the term of twenty years after the passing of this act and by that name may sue and be sued, plead and be impleaded, appear, prosecute and defend to final judgment and execution and may have a common seal, which they may alter at pleasure and may purchase, hold and convey any estate, real or personal, for the use of said company : provided, the said real estate shall not exceed the value of twentyfive thousand dollars, excepting such as may be taken for debt, or held as collateral security for money due to said company. 1817 ch. 120. Real estate. of instalments, : Capital stock, SECT. 2. Be it further enacted, That the capital stock of shares, payment said company shall be fifty thousand dollars; and shall be divided into shares of fifty dollars each, twenty-five thousand dollars of which shall be paid in money within sixty days after the first &c. |