Second class.

Third class.

Term of 1st class. persons of the first class shall go out of office on the day of the next annual meeting of the general court, and their places be supplied by joint ballot of the senators and representatives of the Commonwealth, assembled in one room; and the persons of the second class shall go out of office on the day of the annual meeting of the general court, which will be in the year one thousand eight hundred and fiftythree, and their places be supplied in like manner by joint ballot of the senators and representatives; and the persons of the third class shall go out of office on the day of the annual meeting of the general court, which will be in the year one thousand eight hundred and fifty-four, and their places be supplied in like manner by joint ballot of the senators and representatives: provided, that the persons of each of the said outgoing classes shall continue in office for two months after the day of the said annual meeting of the general court, unless their successors shall have been sooner chosen by the senators and representatives.

Proviso.

Unless, &c.

Divided into six classes when

SECTION 4. When the board of overseers shall have been wholly renewed. Wholly renewed, in the manner prescribed in the foregoing section, the members thereof shall be divided into six equal classes, by subdivision of the previous classes into two each, according to lot or otherwise, as the board may determine, and having regard to seniority of service among the said previous classes, in arranging the order of precedence of the To go out of office new series; and the said six classes shall thereafter go out of office in rotation, and in order of precedence as thus defined, one at each successive annual meeting of the general court, and their places be supplied by joint ballot of the senators and representatives.

in rotation.

Vacancy.

SECTION 5. Any vacancy occurring in the said board of overseers, whether by death, resignation, removal from the Commonwealth, or otherwise, shall be filled by joint ballot of the senators and representatives, as herein before proVacancies filled. Vided; and if the general court shall omit to fill, within three months from the day of its annual meeting as aforesaid, any existing vacancy, then such vacancy may be filled by the remaining overseers; but the person so elected to fill any vacancy, whether by senators and representatives, or by the overseers, shall be deemed a member of, and go out of office with, the class to which his predecessor belonged.

Governor shall preside at legal meetings.

Shall choose a secretary.

SECTION 6. The governor, if present, shall preside at any legal meeting of the said board of overseers; if not, the lieutenant-governor; in their absence, the president of the senate; in his absence, the speaker of the house of representatives; but if neither of the persons named be present, then the meeting shall elect a president pro tempore; and the said board may choose, by majority of votes, a secretary,

when that office shall be vacant, who shall be under oath
truly to record the votes and proceedings of the board, and
faithfully to discharge all the duties of his office; and the
said board may make, establish, and alter, such rules of
proceeding and other by-laws, as they shall deem meet:
provided, the same be not inconsistent with the constitution Proviso.
and laws of the Commonwealth.

ble who elect

SECTION 7. No member of the general court which elects, Members ineligishall be eligible to a place in the said board of overseers; overseers. and no person shall be reëligible for more than one term immediately succeeding that to which he shall have been first elected.

SECTION 8. This act shall be in force when the board of To be in force

overseers as heretofore constituted, and the president and when accepted. fellows of Harvard College respectively, at meetings held for that purpose during the present session of the general

court, shall by vote have assented to the same: provided, Proviso. that nothing contained herein shall be deemed to prejudice

any constitutional powers which may be possessed by the

general court.

SECTION 9. All acts or parts of acts, inconsistent here- Inconsistent acts with, are repealed.

[1852, 27; 1859, 212.]

[1849, 160.]

May 22, 1851.

repealed.

AN ACT to increase the Capital Stock of the Cochituate Bank, and to Chap. 225 change its location.

Be it enacted, &c., as follows:

stock.

SECTION 1. The president, directors, and company, of the $100,000 addiCochituate Bank, in Boston, are hereby authorized to increase tional capital their present capital stock by an addition thereto of one hundred thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole shall Proviso. be paid in before the first day of May, in the year one thou

sand eight hundred and fifty-two.

SECTION 2. The additional stock aforesaid shall be subject Liable to tax, &c to the like tax, regulations, restrictions, and provisions, to which the present capital stock of the said corporation is

now subject.

retary of the

SECTION 3. Before the said corporation shall proceed to Certificate to secdo business on said additional capital, a certificate, signed Commonwealth. by the president and directors, and attested by the cashier, under oath, that the same has actually been paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 4. So much of the first section of the act to Location changed incorporate the Cochituate Bank as requires its location in

Boston to be south of Boylston Street, is hereby repealed,

and the president and directors of said bank are authorized to fix its location: provided, it shall not be north of Summer Street.

SECTION 5. This act shall take effect from and after its

passage.

May 22, 1851.

[1853, 9.]

[1825, 37; 1827, 42; 1830, 58, 104; 1849, 217.]

Chap. 228 AN ACT to increase the Capital Stock of the Merchants' Bank in New

$200,000 additional capital

stock.

Proviso.

Liable to tax, &c.

Certificate to secretary of the

Be it enacted, &c., as follows:

Bedford.

SECTION 1. The president, directors, and company, of the Merchants' Bank, in New Bedford, are hereby authorized to increase their present capital stock by an addition thereto of two hundred thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors of the said bank shall determine: provided, that the whole amount shall be paid in before the first Monday in April, in the year one thousand eight hundred and fifty-two.

SECTION 2. The additional stock aforesaid, when paid into the said bank, shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock is subject.

SECTION 3. Before the said bank shall proceed to do Commonwealth. business on such additional capital, a certificate, signed by the president and directors, and attested by the cashier, under oath, that the same has been actually paid into the said bank, shall be returned into the office of the secretary of the Commonwealth.

Chap. 229

$50,000 additional capital stock.

Proviso.

Liable to tax, &c.

SECTION 4. This act shall take effect from and after its passage. May 22, 1851.

[1833, 164; 1850, 210.]

AN ACT to increase the Capital Stock of the Quinsigamond Bank. Be it enacted, &c., as follows:

SECTION 1. The president, directors, and company, of the Quinsigamond Bank, in Worcester, are hereby authorized to increase their present capital stock by an addition thereto of fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-two.

SECTION 2. The additional stock aforesaid, when paid into said bank, shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock of said corporation is now subject.

retary of the

SECTION 3. Before said corporation shall proceed to do Certificate to secbusiness on said additional capital, a certificate, signed by Commonwealth. the president and directors, and attested by the cashier, under oath, that the same has been actually paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 4. This act shall take effect from and after its passage. May 22, 1851.

[1854, 161.]

[1836, 203; 1849, 157, 217.]

AN ACT to increase the Capital Stock of the Shoe and Leather Dealers' Chap. 230

Be it enacted, &c., as follows:

Bank.

tional capital

SECTION 1. The president, directors, and company, of the $250,000 addiShoe and Leather Dealers' Bank, in Boston, are hereby stock. authorized to increase their present capital stock by an addition thereto of two hundred and fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole shall be paid in before the Proviso. first day of May, in the year one thousand eight hundred and fifty-two.

SECTION 2. The additional stock aforesaid shall be sub- Liable to tax, &c. ject to the like tax, regulations, restrictions, and provisions, to which the present capital stock of the said corporation is now subject.

retary of the

SECTION 3. Before said corporation shall proceed to do Certificate to secbusiness on said additional capital, a certificate, signed by Commonwealth. the president and directors, and attested by the cashier, under oath, that the same has been actually paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 4. This act shall take effect from and after its passage. May 22, 1851.

AN ACT to authorize Samuel T. De Ford to extend his Wharf in
Newburyport.

Chap. 231

Be it enacted, &c., as follows: Samuel T. De Ford, proprietor of a wharf situated in Newburyport, is hereby authorized to extend and maintain his said wharf one hundred and twenty-five feet, toward the channel of the river, and he shall have the right to lay vessels at the end and sides of the said wharf and to receive May receive dockwharfage and dockage therefor: provided, that this grant age, &c. shall in no wise impair the legal rights of any person.

May 22, 1851.

Chap. 232

$500,000 additional capital

stock.

Proviso.

Liable to tax, &c.

Certificate to secretary of the Commonwealth.

Chap. 234

$50,000 additional capital stock.

Proviso.

Liable to tax, &c.

Certificate to secretary of the Commonwealth.

[1847, 175; 1849, 217.]

AN ACT to increase the Capital Stock of the Exchange Bank. Be it enacted, &c., as follows:

SECTION 1. The president, directors, and company, of the Exchange Bank, in Boston, are hereby authorized to increase their capital stock, by an addition thereto of five hundred thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-two.

SECTION 2. The additional stock aforesaid, when paid into said bank, shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock of the said corporation is now subject.

SECTION 3. Before the said corporation shall proceed to do business on said additional capital, a certificate, signed by the president and directors, and attested by the cashier, under oath, that the same has actually been paid into said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 4. This act shall take effect from and after its passage. May 22, 1851.

[1850, 162.]

AN ACT to increase the Capital Stock of the Prescott Bank.
Be it enacted, &c., as follows:

SECTION 1. The president, directors, and company, of the Prescott Bank, in Lowell, are hereby authorized to increase their present capital stock by an addition thereto of fifty thousand dollars, in shares of one hundred dollars each, which shall be paid in such instalments as the president and directors may determine: provided, that the whole amount shall be paid in before the first day of May, in the year one thousand eight hundred and fifty-two.

SECTION 2. The additional stock aforesaid, when paid into the said bank, shall be subject to the like tax, regulations, restrictions, and provisions, to which the present capital stock of said corporation is now subject.

SECTION 3. Before said corporation shall proceed to do business on said additional capital, a certificate, signed by the president and directors, and attested by the cashier under oath, that the same has been actually paid into the said bank, shall be returned into the office of the secretary of the Commonwealth.

SECTION 4. This act shall take effect from and after its passage.

May 22, 1851.

[1853, 225.]