of February, in the year of our Lord, one thousand eight hundred and twenty three. SECT. 2. Be it further enacted, That said corpo ration may purchase, take and hold, real and per- May hold essonal estate, of any kind and nature whatsoever, to any amount not exceeding at any one time, three hundred thousand dollars, as may be necessary and convenient for carrying on the business of said corporation. its capital. SECT. 3. Be it further enacted, That said corporation may from time to time at a legal meeting, Corporation called for that purpose, augment and increase the may increase capital stock thereof, previously paid in, by making and creating such additional shares as said corporation may see fit; and the said additional shares, shall each be for the same sum of money, and subject to the same liabilities in every respect as the original shares may be: Provided, Said capital stock shall never exceed the sum of three hundred thousand Proviso. dollars. SECT. 4. Be it further enacted, That, at all meet-Manner of vot ings of the corporation aforesaid, each member shall ing. be entitled to one vote for each share, owned by him; and absent members may vote by proxy duly authorized in writing. SECT. 5. Be it further enacted, That a majority First meeting of the corporators named in the first section of this how called,&c. act, shall have power to call the first meeting of the corporation, at such time and place, as they may deem expedient; giving to each stockholder written notice of the same, at least two weeks previous to said meeting. [This Act passed February 22, 1825.] CHAPTER CCCXIX. AN ACT in addition to the several Acts "for the preservation of Fish in Penobscot River and Bay, and the several streams that empty into the same." BE it enacted by the Senate and House of Representatives, in Legislature assembled, That the Lock Sluice, through the dam belonging to the Eastern ered sufficient passage way. River Lock and Sluice Company, at the Mills on What consid- Eastern River, in Orland, in the county of Hancock, as it was on the first day of January now last past, shall be, and is hereby, made and constituted a sufficient passage or sluice-way for salmon, shad and alewives, to pass up said eastern river: Provided, Said company shall, from the tenth day of May, to the twentieth day of June, annually, cause the lower great gates, and upper small gates, in said sluice, to be kept open at all times, excepting when boats or rafts are passing the same, any thing in any of the Acts, to which this is in addition, to the contrary notwithstanding. Proviso. [This Act passed February 23, 1825.] to erect a toll bridge, over Wild river. CHAPTER CCCXX. AN ACT authorizing the town of Gilead to build a toll bridge over SECT. 1. BE it enacted by the Senate and House of Representatives, in Legislature assembled, That the town of Gilead, in the county of Oxford, be, and Town of Gile- hereby is authorized and empowered to erect a toll ad authorized bridge over Wild river, so called, in said town, on the post road leading from Lancaster to Bethel, through said town; and the right of building and maintaining a toll bridge across said river, hereby fully granted to said town of Gilead; and the said bridge shall be built of durable materials, and well covered with plank or timber, suitable for such a bridge, with a railing on each side for the safety of passengers. Manner in which to be built. erect SECT. 2. Be it further enacted, That the said Town may town, at any public legal meeting or meetings of the raise money to inhabitants, may, if they see fit, from time to time, bridge & keep vote to raise such sum or sums, as may be necessary to defray the expenses of building or repairing said bridge, and may direct the same to be assessed in money on the polls and rateable estate, real and the same in re pair. pur established. personal, of the inhabitants, resident and non-residents of their town, as other town charges are by law assessed, and the same to be committed to the collector of taxes for said town, to be collected and paid as other town charges are collected and paid; and in the same manner, as though said town had a population of eight hundred inhabitants; any law, or provision of law, to the contrary notwithstanding. SECT. 3. Be it further enacted, That for the pose of remunerating said town in part, a toll be, and Rates of toll hereby is granted for the sole benefit of said town, according to the following rates, to wit: for each foot passenger, one cent; for each horse and rider, four cents; for each horse and chaise, chair or sulkey, drawn by one horse, ten cents; for each sleigh drawn by one horse, four cents; for each sleigh drawn by two horses, six cents; for each coach, phaeton or curricle, twenty cents; for each cart or waggon, sled or carriage of burthen, drawn by one or two beasts, six cents; for neat cattle or horses, other than those ridden, or in carriages or teams, one cent each; and for sheep and swine, half a cent each; and to each team one person only shall be allowed to pass free of toll: Provided, That at all When the toll times when the toll gatherer does not attend his gatherer does duty, the gate shall be set open; and the toll shall shall be open, commence on the day of opening the bridge for passengers, and shall continue for the benefit of said town; and the said town shall at all times keep at the place where the toll is collected, exposed to view, a sign, with the rates of toll legibly written thereon. not attend,gate &c. a certain time. SECT. 4. Be it further enacted, That unless said Bridge to be bridge shall be erected and finished within the space erected within of two years from the passing of this act, then this grant shall be void. altered. SECT. 5. Be it further enacted, That the Legislature of this State, shall have the right to grant any Powers may be further powers, to alter, limit or annul any of the powers vested in said corporation, as shall be judged just or expedient. [This Act passed February 23, 1825.] creased $100,000; to to 1000Shares. Proviso. CHAPTER CCCXXI. AN ACT in addition to An Act entitled "An act to incorporate the Presi← dent, Directors and Company of the Bank of Portland." SECT. 1. BE it enacted by the Senate and House of Representatives, in Legislature assembled, That the Capital in President, Directors and Company of the Bank of Portland, be, and they are hereby allowed to increase be divided in- the Capital stock of said Bank, one hundred thousand dollars, in addition to the sum allowed by their Act of incorporation, and to be divided into additional shares of one hundred dollars each: Provided, That when said additional sum or any part thereof, shall have been paid in, the said corporation, and all the capital stock thereof shall be subject to all the rules, restrictions, limitations and provisions prescribed in the fourth, thirteenth, fourteenth and fifteenth sections of an act to incorporate the Casco Bank, passed the eighteenth day of February, in the year of our Lord one thousand eight hundred and twenty-four, and such other provisions as are hereinafter contained. on additional paid in ; SECT. 2. Be it further enacted, That fifty thous When to be and dollars of the sum mentioned in the first secpaid in. tion of this Act, shall be paid into the said Bank, on or before the first Monday of October next, and No business the remaining sum of fifty thousand dollars, on or to be done up before the first Monday of October in the year of capital, until our Lord one thousand eight hundred and twenty six, or at such time or times previous thereto, as the stockholders of said Bank shall appoint and direct: Provided, That before the said corporation shall certificate to proceed to do business upon the said additional filed in Serre- capital, a certificate signed by the President, Directary's office. tors and Cashier of said corporation, and verified by oath, that the same has been actually paid into the said Bank, in gold or silver coin, shall be filed in the office of the Secretary of this State. be made and On refusal of payment of bills, com plaint to be SECT. 3. Be it further enacted, That if at any time, the said corporation shall refuse or neglect to made to a pay any of its bills when duly presented at said Judge of the Bank, in banking hours, and for the space of thirty S. J. Court; days thereafter, neglect to pay or tender payment Judge may ap shall take into property of of such bills, the holder or holders of such bills, may make complaint thereof in writing, to any Judge of the Supreme Judicial Court, whose duty proceedings it shall be, thereupon to cause the President and thereon. Cashier of said Bank to be notified to appear before him, at such time and place as he may appoint, to answer to such complaint and shew cause against further proceedings thereon; and if said President or Cashier, shall not appear, or appearing shall not shew sufficient cause against further proceedings, it shall be the duty of the said Judge, point Commisthereupon, to appoint three disinterested and dis- sioners; who creet Commissioners, residing near to said Bank, custody the to take into their custody and possession, all the the Bank; books, papers, property and estates of said corporation; and such commissioners, or the major part of them, shall thereby be authorized, to demand and receive of the President, Directors and Cashier of said Bank, all the real and personal estate of said Bank, with all the books and evidence of debts due to said Bank, making and delivering to said President, Directors and Cashier, or either of them, accurate lists and memoranda of such estate, books and debts. And it shall be the duty of such may dispose Commissioners, or the major part of them, and and collect they are hereby authorized, forthwith to proceed to and pay debts. dispose of such estates, and collect such debts, and to pay the demands against said corporation. of the same, ers may sell giving notice, SECT. 4. Be it further enacted, That such Commissioners or the major part of them, be authorized and empowered, to sell at public auction, after Commissiongiving thirty days public notice of such sale, any at auction, real estate belonging to said corporation, and any mortgages and mortgages upon real estate due to said corporation, execute deeds; and to make and deliver in the name of said corporation, any deed or other instrument, necessary to the due and complete transfer and conveyance of such estates and mortgages; and said Commissioners or the major part of them, shall further be debts and proauthorized to collect all debts due and owing to said corporation, and to commence and prosecute in the name of the corporation, any action necessary to the collection of such debts: Provided, may collect secute actions. |