376 Stock increased $100,000. Corporation shall continue until 1847. Powers and privileges. Tax not to be required until, &c. CANAL BANK.-FIRE INSURANCE. poration one hundred thousand dollars in addition to the capital stock allowed by their Act of incorporation, to be divided into shares of one hundred dollars each. SECT. 2. Be it further enacted, That said President, Directors and Company of the Canal Bank shall continue to be a corporation, with all the powers, rights, privileges, duties, liabilities and obligations pertaining thereunto, until the first day of October in the year of our Lord one thousand eight hundred and forty seven, notwithstanding a shorter term is limited therefor in the Act incorporating said Bank. SECT. 3. Be it further enacted, That said Bank shall be entitled to all the powers and privileges and subject to all the duties, liabilities and requirements, specified in an "Act to regulate Banks and Banking," passed the thirty first day of March one thousand eight hundred and thirty one-except that the tax of one per centum on the capital stock required by the sixteenth section of said Act shall not be required of the Canal Bank until the annual profits of the Cumberland and Oxford Canal Corporation shall amount to six per centum upon the whole expense of making said Canal besides paying the yearly repairs; after which event it shall be in the power of the Legislature to require said tax upon all the amount of the capital stock of said Bank, except seventy five thousand dollars. CHAPTER 245. AN ACT to incorporate the Bangor Mutual Fire Insurance Company. Approved February 24, 1832. SECT. 1. Be it enacted by the Senate and House of RepreNames of per- sentatives, in Legislature assembled, That Thomas A. Hill, sons incorporat- Thomas Drew, John Brown, Royall Clark, Ford Whitman, their associates, successors and assigns be and they hereby are created a corporation by the name of the Bangor Mu ed. tual Fire Insurance Company with all the powers and priv ileges incident to similar corporations. SECT. 2. Be it further enacted, That said corporation Office to be kept shall be established and their office for transacting business at Bangor. kept in the town of Bangor in the County of Penobscot. SECT. 3. Be it further enacted, That said corporation shall have exercise and enjoy all the rights, privileges and Rights, privileges, &c. immunities; and be subject to all the duties and liabilities, specified in the second, third, fourth, fifth, sixth, seventh, eighth and eleventh sections of an Act entitled An Act to incorporate the Sidney Mutual Fire Insurance Company passed the twenty fifth day of March one thousand eight hundred and thirty one. CHAPTER 246. AN ACT to incorporate the Kenduskeag Bank at Bangor. Approved February 24, 1832. rated. SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That George W. Picker- Names of pering, Thomas F. Hatch, Elisha H. Allen, Levi Cram, Ford sons incorpoWhitman, Isaac S. Whitman, Messenger Fisher, Horatio P. Blood, J. R. Lambert, Waldo T. Pierce, Abner Taylor, George W. Brown, Heywood Peirce, Samuel Veazie, Ebenezer French, Amos M. Roberts, Ira Wadleigh, and John C. Dexter and their associates, successors and assigns shall be and hereby are created a corporation by the name of the President, Directors and Company of the Kenduskeag Bank, and shall so continue until the first day of October Corporation to which will be in the year of our Lord one thousand eight 1847. hundred and forty seven. continue until SECT. 2. Be it further enacted, That the capital stock Capital Stock of said Bank shall consist of the sum of fifty thousand to be $50,000 -to be divided dollars in gold and silver, and be divided into five hundred into 500 shares. shares of one hundred dollars each. 378 KENDUSKEAG BANK. SECT. 3. Be it further enacted, That said Bank shall be To be establish- established in the town of Bangor in the County of Penob ed in the town of Bangor. Annual meet ings. Directors. First meeting. Powers and privileges. scot. SECT. 4. Be it further enacted, That for the well ordering of the affairs of said corporation, a meeting of the stockholders shall be called, at such place as they shall direct, on the first Monday of October annually, and at such other times, during the continuance of said corporation, and at such places as shall be appointed by the President and Directors for the time being by public notification given fourteen days previous thereto. And at said. annual meetings there shall be chosen by ballot five Directors to continue in office the year ensuing their election, and until others are chosen. SECT. 5. Be it further enacted, That George W. Pickering and Thomas F. Hatch or either of them may call a meeting of said corporation to be holden in Bangor by advertisement in the Eastern Republican and Penobscot Journal, newspapers printed in Bangor ten days at least before the time of said meeting, at which meeting five Directors may be chosen and any other necessary business transacted. SECT. 6. Be it further enacted, That said corporation shall be entitled to all the powers and privileges, and subject to all the duties, liabilities and requirements, contained in an Act entitled "An Act to regulate Banks and Banking," passed on the thirty first day of March in the year of our Lord one thousand eight hundred and thirty one. SECT. 7. Be it further enacted, That the persons, in this act above named, or such of them as shall be living at the time when said Bank shall go into operation shall become stockholders in said corporation to the amount of at This Act to be least fifty per centum of its capital stock, and continue to hold that proportion of said capital stock from the commencement of the operations of said Bank until the whole amount of said capital stock, named in the second section of this Act, shall have been paid into said Bank-otherwise this Act shall be void. void unless, &c. CHAPTER 247. AN ACT to incorporate the Mauufacturers' and Traders' Bank. Approved February 27, 1832. rated. SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That Joshua Richardson, William Willis, Prentiss Mellen, Benjamin Willis Jr, Joseph Names of perWeeks, Amos H. Cross, Toppan Robie, Paschal Brooks, sona incorpoMartha F. Trask, Charles Rogers Jr, Samuel Cutler, Seth Paine, John L. Meserve, Henry Smith, Henry Poor, Oliver B. Dorrance, Nathaniel F. Deering, Ellen Waite, Margaret Wildrage, Elizabeth Holland, Lucy McLellan, Mary Preble, Daniel Chamberlain, Ezra C. Hutchins, John D. Gardner, Marshall French, Martin Gore, Ebenezer Steele, Charles Blanchard, William C. Mitchell, Israel Waterhouse, Mason Greenwood, Neal Dow and their associates, successors and assigns be and hereby are created a corporation by the name of the President, Directors and Company of the Manufacturers' and Traders' Bank, and shall so continue until the first day of October one thousand eight shall continue hundred and forty seven; Provided, that the persons above until 1847. named, or such of them, as may be living at the time when Proviso. said Bank shall go into operation, shall become stockholders therein, to the amount of at least fifty per centum of the capital stock, and continue to hold that proportion from said time until the whole capital stock named in the second section of this Act shall have been paid into said Bank. Corporation SECT. 2. Be it further enacted, That the capital stock Capital Stock to be $100,000 of said Bank shall be one hundred thousand dollars in gold -to be divided and silver divided into shares of one hundred dollars each, into shares of $100 each. and said Bank shall be established in the town of Portland in the County of Cumberland. SECT. 3. Be it further enacted, That for the well ordering of the affairs of said Bank a meeting of the Stock-. holders shall be called on the first Monday of October Annual annually, and at such other times as the Directors may apmeetings. point by fourteen days previous public notification. At said annual meetings seven Directors shall be chosen by ballot. 380 Powers, privileges, &c. CITY OF PORTLAND. SECT. 4. Be it further enacted, That said corporation shall be entitled to all the powers and privileges and subject to all the duties and liabilities specified in an Act to regulate Banks and Banking, passed the thirty first day of March one thousand eight hundred and thirty one. SECT. 5. Be it further enacted, That Joshua Richardson, William Willis and Prentiss Mellen, or a major part of First meeting. them, may call the first meeting of said corporation, to be holden in Portland, by advertisement in either of the newspapers printed in said Portland seven days at least before the time of such meeting. CHAPTER 248. AN ACT to incorporate the City of Portland. Approved February 28, 1822. SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That the inhabitants of the town of Portland shall continue to be a body politic and corporate by the name of the "City of Portland,” and Rights, immu- as such shall have, exercise and enjoy all the rights, immunities, &c. nities, powers, privileges, and franchises, and shall be subject to all the duties and obligations now appertaining to, or incumbent upon said town as a municipal corporation, or appertaining to, or incumbent upon the inhabitants or Selectmen thereof; and may ordain and publish such acts, laws, and regulations, not inconsistent with the constitution and laws of this State, as shall be needful to the good order of said body politic; and impose fines and penalties for the breach thereof not exceeding fifty dollars, for any one exceeding $50, offence. Corporation may impose fines, &c. not SECT. 2. Be it further enacted, That the administration of all the fiscal, prudential, and municipal affairs of said City, with the government thereof, shall be vested in one principal Magistrate, to be styled the Mayor, and one Council of seven to be denominated the board of Alder |