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within three months next preceding the date of such certificate; which said certificate shall be signed by the president and secretary of said company. And no transfer shall be valid as against any creditor of such stockholder, unless the same shall be embraced in such certificate.

SEC. 5. If the said corporation organized and established under the provisions of this charter shall knowingly violate any of its provisions, and shall thereby become insolvent, the directors so ordering or assenting to such violation shall jointly and severally be liable in an action founded on this statute, for all debts contracted after such violation as aforesaid.

SEC. 6. Immediately upon the organization of the company hereby created, all the real and personal estate of every description, including rights of action, belonging to the association heretofore known as the Quinebaug Company, shall become and be vested in the company hereby created, its successors and assigns; and said company may thereafter and are hereby authorized and empowered, in the name of said company hereby created, to collect and enforce all which claims and demands, rights and causes of action of every kind and description, which shall, upon such organization, become and be vested in them as aforesaid, in the same manner and as fully and to the same extent as they might or could do had such claims and demands, rights or causes of action, originally accrued to and existed in favor of said company hereby created; and said new company shall be liable for all debts and claims of every description that may or shall exist against the association heretofore known as the Quinebaug Company, and may be sued thereon and therefor in the same manner and form, and to the same extent, and as fully as if such debts and claims had originally accrued and existed against said new company. Provided, however, that nothing herein contained shall in any way affect, prejudice or impair the claims which any person, persons or corporation, may have against the said association heretofore existing, known as the Quinebaug Company, its members or property; but such person, persons or corporation, may sue, prosecute and enforce their said claims against the said association, its members and property, in the manner, to the same extent, and as fully as if this resolve had not been passed.

SEO. 7. That Moses B. Lockwood, Henry Lippitt and Nathaniel W. Brown, or any two of them, be and they are hereby authorized to call the first meeting of the corporation hereby formed, by forwarding by mail or otherwise, a written or printed notice of the time and place of said meeting, at least one week previous thereto, directed to each of the persons named as corporators in this resolve.

SEC. 8. This resolve may be altered, amended or repealed at the pleasure of the general assembly.

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Upon the petition of the Quinnipiac Malleable Iron Company, a corporation in New Haven, showing that the interests of said corporation require a reduction of its capital stock; that said corporation has made arrangements to reduce the same; and that doubts have arisen in relation to the competency of said corporation to complete said arrangement and reduce said capital stock; and praying for authority so to reduce said capital stock:

Resolved by this Assembly, SEC. 1. Said corporation by the consent of three-fourths of its stockholders is hereby authorized to reduce its capital stock, by procuring and accepting in payment for a portion of its property, the conveyance to itself of seven hundred and ten shares of said. stock, and canceling the same: and any agreement or arrangement made by said corporation for the purpose of so reducing said capital stock, shall not be deemed invalid by reason of any lack of power in said corporation so to reduce said stock.

SEC. 2. Said corporation, so soon as it shall have made such reduction of its capital stock, shall lodge with the secretary of state and with the town clerk of New Haven, certificates certifying that such reduction has been made by the consent of three-fourths of its stockholders-which certificates shall be recorded by said secretary and town clerk on receipt of their usual fees for recording.

SEC. 3. This act shall not affect any suit now pending; shall not impair any right now existing in favor of any creditor of said corporation ; and shall take effect from the day of its passage.

REDUCING THE CAPITAL STOCK OF THE SALISBURY IRON COMPANY.

PASSED 1845.

Upon the petition of Robert Bostwick, William J. Pettee and Myron H. Fish, of Salisbury, in Litchfield county, and others, showing to this assembly that they are the owners of all the shares and capital stock of the Salisbury Iron Company; and praying for the reduction of the capital stock of said company and of the amount of individual shares therein, for the reasons in said petition set forth, as by petition on file, dated the first day of May, 1845, more fully appears:

Resolved by this Assembly, SEC. 1. The capital stock of said Salisbury Iron Company may be reduced to such sum as said company in legal

meeting shall direct,-not below the sum of twenty thousand dollars and the excess of capital now invested beyond the amount which shall be so fixed by such reduction, may be withdrawn at such time and in such manner as said company shall direct: any law to the contrary notwithstanding. Provided, however, that whenever such reduction shall be made, the directors of said company shall forthwith lodge in the town clerk's office of said town of Salisbury, a certificate under their hands of the amount of the capital of said company as fixed by such reduction: and the amount so certified shall at no time thereafter be withdrawn or again reduced without rendering the directors of said company liable for such reduction or withdrawal, in the same manner and to the same extent as if this resolve had not been passed.

SEC. 2. Shares in the capital stock of said company may be reduced to one hundred dollars per share, in such manner as said company in legal ́ meeting shall direct.

SEC. 3. This act may be altered, amended or repealed at the pleasure of the general assembly.

AUTHORIZING SHETUCKET COMPANY TO ADD TO ITS CAPITAL STOCK.

PASSED 1846.

Resolved by this Assembly, SEc. 1. That the Shetucket Company, a corporation organized under the provisions of the "Act relating to Joint Stock Corporations," be and they are hereby authorized to add to their capital stock from time to time, any sums not exceeding one hundred thousand dollars in the whole, so that the whole of their capital stock shall not exceed the sum of three hundred thousand dollars.

SEC. 2. All the doings and proceedings of said company shall continue to be in conformity with the provisions of the aforesaid act, in the same manner as if the creation of such additional stock had been authorized thereby.

SEC. 3. This resolve may be altered, amended or repealed at the pleasure of the general assembly.

AUTHORIZING THE TARIFF MANUFACTURING COMPANY TO INCREASE THEIR CAPITAL STOCK.

PASSED 1848.

Upon the petition of the Tariff Manufacturing Company, praying, for reasons therein set forth, that permission may be granted them to increase

their capital stock, as per petition on file;-this assembly, having enquired into the allegations of said petition, do find the same to be true. Therefore,

Resolved by this Assembly, That the Tariff Manufacturing Company be and they are hereby authorized to add to their capital stock a sum or sums, not exceeding in the whole two hundred and fifty thousand dollars, in addition to the present capital of said company, which is three hundred thousand dollars.

Provided, that such additional capital shall be subject to all the exist ing provisions of said original charter and the amendments thereto; and further provided, that a certificate of the amount of such additional capital actually paid in, be lodged in the town clerk's office of the town of Simsbury, within six months from the time of any such additional pay

ment.

This resolve may be altered, amended or repealed at the pleasure of the general assembly.

AUTHORIZING THE TARIFF MANUFACTURING COMPANY TO INCREASE THEIR CAPITAL STOCK.

PASSED 1852.

Upon the petition of the Tariff Manufacturing Company, praying for an amendment of their charter, so far as to authorize the increase of their capital stock from five hundred and fifty thousand dollars to one million dollars, as per petition on file:

Resolved by this Assembly, That the said Tariff Manufacturing Company be and they are hereby authorized to increase their capital stock to an amount not exceeding one million of dollars.

Said company shall annually lodge with the town clerk of the town of Simsbury a statement, containing the amount of their capital actually paid in, the amount invested in real estate, the amount invested in personal estate, the amount of their debts and credits, at the time of making said statement, as nearly as the same can be ascertained, with a list of the stockholders, and the number of shares owned by each.

INCREASING THE CAPITAL STOCK OF THE THOMPSONVILLE CARPET MANUFACTURING COMPANY.

PASSED 1844.

Upon the petition of the Thompsonville Carpet Manufacturing Company, stating that said company was incorporated in the year 1828, with a capital of one hundred and fifty thousand dollars; that they are now desirous of enlarging their works by manufacturing the Brussels carpeting, and by manufacturing the worsted of which it is made from the raw material; that the necessary preparations for carrying on the above specified branches involve a great expense, and their present capital is found wholly inadequate for that purpose, and praying that their charter may be so altered, as to authorize them to increase their capital stock one hundred thousand dollars:

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Resolved by this Assembly, That said company be and they hereby are authorized to increase their capital stock, by the addition thereto of the sum of one hundred thousand dollars :

AUTHORIZING THE THOMPSONVILLE CARPET MANUFACTURING COMPANY TO INCREASE THEIR CAPITAL STOCK.

PASSED 1849.

Upon the petition of the Thompsonville Carpet Manufacturing Company, praying, for reasons therein set forth, that permission may be granted them to increase their capital stock, as per petition on file;-this assembly having enquired into the allegations of said petition, do find the same to be true; therefore,

Resolved by this Assembly, That the Thompsonville Carpet Manufacturing Company be and they are hereby authorized to add to their capital stock a sum or sums not exceeding in the whole the sum of two hundred and fifty thousand dollars, in addition to the present capital of said company, which is two hundred and fifty thousand dollars. Provided, that such additional capital shall be subject to all the existing provisions of the original charter of said company and the amendments thereto. And further provided, that a certificate of the amount of such additional capital actually paid in, be lodged in the town clerk's office of the town of Enfield, within six months from the time of any such additional payment.

This resolve may be altered, amended or repealed at the pleasure of the general assembly.

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