ceeding in amount two thirds of the sum deposited by him: And provided, That the stockholders so applying, owes the corporation, either by draft or endorsement, or is in any way whatsoever liable to the said company for any claims, he shall not be allowed a loan of any amount upon this note aforesaid. SEOT. 10. And be it further enacted by the authority aforeTransfers of said, That the stock of said company shall and may be asstock and de- signed and transferred in such manner as may be directed claration of by the by-laws thereof, and dividends of so much of the dividends. profits of the said institution as the directors may consider advisable, shall be made half yearly: Provided, That no stockholder indebted to the said corporation shall receive a dividend until his said debt shall have been paid and satisfred or secured in a way satisfactory to the said directors. SEOT. 11. And be it further enacted by the authority afore Semi-annual said, That the general meetings of the stockholders shall be statement of held half yearly, at such times as the by-laws shall prescribe, accounts to at which times the directors shall submit to them a statestockholders. ment of the aЯairs of the company, and that the said meeting of the directors shall likewise be held at such times as shall in like manner be prescribed and ordained by the laws and regulations, and it shall be the duty of said company to furnish annually prior to the first Monday of December, under the oath or affirmation of the president or treasurer, to the auditor general, a statement specifying the general state of the affairs of the institution as they shall stand on Legislature. the first Tuesday in November in each year, that the same may be laid before the Legislature before the first Monday of January following. Annual stateinent under oath to be laid before Of the right SECT. 12. And be it further enacted by the authority afore sard, That if at any time said privileges or any of them to repeal &c. hereby granted, shall be deemed hurtful and prejudicial to the interests of the citizens of this Commonwealth, then the Legislature shall and may alter, amend or annul all, or any of them, as they may think expedient and proper. Carlisle co. viduals incor porated: SECT. 13. And be it further enacted by the authority afort said, That John J. Myers. James Underwood, Lewis Harlan William Hoyt, Charles B. Penrose, Frederick Watt, Gad Certain indi Day, James I. Devor, Robert M'Coy, John Harper, Abel Keeny, Jason W. Eby, James H Graham and Samuel Woodburn, and their successors, are hereby erected into one body politic and corporate in deed and in law, by the name, style and title of the "Carlisle Saving Fund Society," and by the same name shall have perpetual succession, and are hereby made able and capable in law to receive and hold to them and their successors, lands, goods and chattels, real, personal and mixed, for the use aud benefit of the said society, and the same to alien, release, transfer and convey at pleasure: Provided, The nett income of their real estate Style. Privileges & liabilities. shall not at any time exceed the sum of two thousand dollars per annum, exclusive of what may be purchased by the said society, for the purpose of securing debts due to the same, and the said society by the name,style and title aforesaid, may sue and be sued, plead and be impleaded, in any court of law within this Commonwealth having jurisdiction of the amount of the claim or matter in controversy. SECT. 14. And be it further enacted by the authority aforedeposits and said, That the business of the said society shall be to receive Reception of investment moneys on deposit at such rate of interest as may be agreed on, and to loan the same on such securities and in such man- of funds. per as they may determine by their by-laws, at any rate of interest, not exceeding six per cent. per annum: Provided, Proviso. That no sum, less than fifty cents, nor more than five dol2d proviso. lars, shall be received from the same depositor in any one week: And provided further, That the said society shall not issue any note or check in the nature of a bank note, or vileges for exercise any banking privileges whatsoever. Banking pri bidden. SECT. 15. And be it further enacted by the authority aforesaid, That the business of the said society shall be managed 13 directors, and conducted by thirteen directors, to be chosen in the president, manner hereinafter directed, seven of whom shall form a secretary and quorum to do business; they shall choose from their own num- treasurer. ber, a president and secretary, and appoint a treasurer from amongst the depositors. of treasurer and election SECT. 16. And be it further enacted by the authority aforesaid, That it shall be the duty of the persons named in the Provisional thirteenth section of this act, or a majority of them, to ap- appointment point one of their number to be the treasurer, and to give notice in all the newspapers in the borough of Carlisle, for at of directors. least ten days, of the appointment of their treasurer, and that all persons of lawful age, desirous of becoming depositors in the said society, and of exercising the rights of a member thereof, shall have the right of paying to the said treasurer any sum, not less than fifty cents, nor more than five dollars, and at the expiration of the said time, it shall be the duty of the treasurer to give notice in the papers aforesaid, for at least five days, that an election will be held, specifying the time and place, for the election of thirteen directors of the said society, to serve for one year, at which election the depositors aforesaid shall have the right of electors; the said election shall be conducted under such rules and regulations as the persons named in the thirteenth section of this act may establish, and an election for directors shall be held annually Annual elec. thereafter, under such rules and regulations as may be estab 1ished by the by laws of the company, saving always to the regular weekly depositors the rights of voters.. tion. SECT. 17. And be it further enacted by the authority afore. By-laws for said, That the president and directors of the said society, government shall have power to make all such by-laws, rules and regula- of corporation Amount of deposits limited. tions as they may deem necessary for the well governing and conducting the business of the said society, not inconsistent with the constitution and laws of the United States or of this state, and may fill any vacancy that may occur in their board, until the next annual election. SECT. 18. And be it further enacted by the authority aforesaid, That the amount of deposits in the said society, shall at no time exceed the sum of fifty thousand dollars, and the president and managers shall declare dividends of the interest arising on deposits to the depositors, as often as they may Declaration deem proper, and a depositor shall have the right of withof dividends. drawing his deposits at any time, if not exceeding twenty dollars, on ten days notice, if above that sum and not excee Withdrawal ding forty dollars, on thirty days notice, and if above that of deposits. sum, on three months notice. Of the bond, duties, and liability to removal of treasurer. SEOT. 19. And be it further enacted by the authority aforesaid, That the treasurer shall give bond to the president and managers of the said company, in a sum of not less than twenty thousand dollars, with two or more sureties to be approved by the said president and managers, conditioned for the faithful performance of all the duties enjoined on him by this act, or the by-laws of the society; he shall be receiver of all the moneys of the society, and shall disburse and pay the same, under such rules and regulations as may be established by the president and managers, and may be removed at the pleasure of the said president and managers. SEOT. 20. And be it further enacted by the authority aforement under said, That the president shall make a statement annually of oath to Legis. the affairs of the said society, on oath or affirmation to the lature. Auditor General, to be by him laid before the Legislature. SECT. 21. And be it further enacted by the authority aforeDuration of said, That this society shall continue for ten years and no longer, except so far as may be necessary to close its business, and the Legislature may at any time alter, amend, or revoke the privileges hereby granted. Annual state charter 10 years. SAM'L. ANDERSON, Speaker of the House of Representatives. THO'S. RINGLAND, Speaker of the Senate. APPROVED-The eighth day of April, Anno Domini, eigh teen hundred and thirty-three. GEO. WOLF. No. 162. AN ACT To authorize the Governor to incorporate sundry bridge and turnpike road companies, and for other purposes. SECT. 1. Be it enacted by the Senate and House of Repre sentatives of the Commonwealth of Pennsylvania, in General Assembly met, and it is hereby enacted by the authority of the Somerset and same, That Charles Ogle, John Witt, John McMullen, John Conemaugh Bell, Jesse Griffith, Samuel Kimmell, Peter Levy, Garret turnpike Ream, and Peter Livergood, be, and they are hereby appoint-road compaed commissioners to do and perform the several things hereinafter mentioned, that is to say, they shall, on or before the appointed. first Monday of July next, procure two books, and in each of them enter as follows: "We whose names are hereunto sub- Form of subscribed do promise to pay to the president and managers of scription. the Somerset and Conemaugh turnpike road company, the day and Stock com'rs.. sum of twenty-five dollars for every share of stock in said Shares $25. company set opposite to our respective names, in such man. ner and proportions, and at such times as shall be determined by the president and managers of said company, in pursuance of an act of the General Assembly of this Commonwealth, entitled 'An act to authorize the Governor to incorporate a company for making a turnpike road from the borough of Somerset to the canal basin at Johnstown in Cambria county:' Witness our hands, the in the year of our Lord, one thousand eight hundred and thereupon shall give notice in two or more of the public papers printed nearest the route of the said road, for twenty days at least, of the time and places, when and where the said books shall be opened to receive subscriptions for the stock of the said company, at which times and places one of the said commissioners shall attend and permit and suffer all persons of lawful age, who shall offer to subscribe in said books, in their own names or in the name or names of any other per- Regulations sons who shall duly authorize the same, for any number of in regard to shares of stock, and the said books shall be kept open respect- subscribing ively for the purposes aforesaid, at least six hours in every juridical day, for the space of six days, or until the said books shall have four hundred shares therein subscribed, and if at Whole No. of the expiration of the said six days the books aforesaid shall shares 400, not have the said number of four hundred shares therein subscribed, the commissioners respectively may adjourn from time to time, and transfer the said books from place to place, until the whole number of shares shall be subscribed, of which adjournment and transfers the commissioners aforesaid shall stock. Proviso. give such public notice as the occasion may require, and when the whole number of shares subscribed shall amount to four hundred, the same shall be closed: Provided always, That every person offering to subscribe in said books in his own or any other name, shall previously pay to the attending commissioner or commissioners the sum of one dollar for every share to be subscribed, out of which shall be defrayed such incidental charges and expenses as may be necessary for taking such subscription, and the remainder shall be paid over to the treasurer of the corporation as soon as the same shall be organized, and the officers chosen as hereinafter mentioned. SECT. 2. And be it further enacted by the authority aforesaid, That when twenty persons or more shall have subscribed When 20 per- two hundred shares of the said stock, the said commissioners sons take 200 respectively may, or when the whole number of shares aforeshares char- said shall be subscribed, they shall certify under their hands ter may issue. and seals the names of the subscribers, and the number of Corporate style. Privileges & liabilities. shares subscribed by each, to the Governor of this Commonwealth, whereupon it shall and may be lawful for the Governor, by letters patent under his hand and the seal of the state, to create and erect the subscribers, and if the subscription be not full at the time, then those who shall afterwards subscribe to the number aforesaid, into one body politic and corporate, in deed and in law, by the name, style and title of "The president and managers of the Somerset and Conemaugh turnpike road company;" and by the said name the subscribers shall have perpetual succession, and all the privileges and franchises incident to a corporation, and shall be capable of taking and holding the said capital stock and the increase and profits thereof, and of enlarging the same from time to time by new subscriptions, in such manner and form as they shall think proper, if such enlargement shall be found necessary to fulfil the intent of this act, and of purchasing, taking and holding, to them and their successors and assigns, and of selling, transferring and conveying, in fee simple, or for any less estate, all such lands, tenements, hereditaments, and estate, real and personal, as shall be necessary to them in the prosecution of their works, and of suing and being sued, and of doing all and every other matter and thing which a corporation or body politic may lawfully do. SECT. 3. And be it further enacted by the authority aforesaid, That the commissioners aforesaid, as soon as conveOf the organi- niently may be, after the said letters patent shall be sealed and zation of the obtained, shall give public notice in two of the public papers corporation. printed nearest the route of the said road, of a time and place by them to be appointed, not less than twenty days from the publication of the first notice, at which time and place the said subscribers shall proceed to organize the said corporation, and shall choose, by a majority of votes of the |