ANDROSCOGGIN BOOMS, &c.

according to law, shall make-upon the terms and conditions hereafter mentioned, and not otherwise-Provided, that the fee established, shall at all times be subject to be altered, revised or annulled by the Legislature.

Proviso.

431

Proprietors

SECT. 2. Be it further enacted, That the said Proprietors of said side booms shall before the first day of April next erect, build, complete and finish such a number of Piers shall build Piers and Booms in Topsham, and Brunswick, as shall in the and Booms in Topsham and opinion of the Committee hereafter mentioned, be sufficient Brunswick, to secure for the several owners, all logs and other timber that may be carried put or placed in said side booms in Androscoggin River, and shall always afterwards keep in the same in regood and sufficient repair, said side Booms and Piers.

and shall keep

pair.

Persons ap

amine the

SECT. 3. Be it further enacted, That William Frost, John Barron, Henry Bowman and David Scribner, be, and are hereby appointed to examine into the state and condi- pointed to extion of the several side booms and piers, that said proprie- Booms & tors may erect and build above the Falls in Androscoggin which said Proprietors may river, at any time before the first day of April next—and if erect &c. said side booms and piers, shall be deemed and considered by said Frost, Barron, Bowman and Scribner or by the major part of them, as being well built, of good and sufficient materials—and they shall make a certificate thereof Persons so appointed shall in writing under their hands stating their proceedings and make and file opinion of the sufficiency of said side booms and piers, their doings and file the same with the Clerk or Treasurer of said side with the Clerk or Treasurer of boom corporation on or before the fifteenth day of April said Corporanext-then, the said Proprietors of said side booms shall have a right to demand take and receive the said additional sum of eight cents, as provided in the first section of this

act.

a certificate of

tion &c.

appoint a com

Side Booms and

SECT. 4. Be it further enacted, That the selectmen of Selectmen of the town of Topsham for the time being shall annually in Topsham shall March, appoint in writing under their hands a Committee mittee of three consisting of three or more men interested in the lumbering to inspect the business in said Topsham, to inspect the said side booms, Piers erected aand piers, that now are, or may be erected, above the Falls Androscoggin in Androscoggin river, and if at any time said side booms and piers shall be considered as not being in good and suf

13

bove the Falls in

river &c.

432

dition of said

HANCOCK AGRICULTURAL SOCIETY.

ficient repair by said Committee or the major part of them, they shall make a statement thereof in writing under their Said Committee hands and lodge the same with the Clerk or Treasurer of shall lodge a statement rela. said side boom corporation, which certificate shall be taken tive to the con- and considered as conclusive evidence that said side booms Side Booms and and piers, are, and were at the time of making such certifiPiers, with the Clerk or Treas-cate out of good and sufficient repair, and said proprietors, shall not thereafter be entitled to demand and receive said additional toll of eight cents, until said side booms and piers shall be put in good and sufficient repair, and a certificate to that effect from said Committee, shall have been lodged with the Clerk or Treasurer of said boom corpora

urer of said Side

Boom Corporation &c.

tion.

SECT. 5. Be it further enacted, That whenever said proUnless the Side prietors shall wilfully suffer or permit their said side booms Booms and and piers, to be and remain in an insecure, ruinous and Piers are kept in good repair, improper state and condition, for any unreasonable length the right of the Proprietors to of time, their right to demand, and take the additional sum demand the ad- of eight cents mentioned in the first section of this act shall

dition sum, shall

ted.

CHAPTER 270.

AN ACT to incorporate the Hancock Agricultural Society.

Approved March 8, 1832.

SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That John Burnham, Rowland H. Bridgham, Sewall Lake, Charles Jarvis and Names of persons incorpora- their associates, successors and assigns, be and they hereby are created a corporation by the name of the Hancock Agricultural Society, with power by that name to sue and be sued, use a common seal, make by-laws for the management of their affairs, not repugnant to the laws of the May hold Real State, take, hold and possess any estates, real or personal, or Personal Es the yearly income of which shall not exceed three thousand dollars, to be used exclusively for the promotion and

Powers &c.

tate.

improvement of agriculture and the mechanic arts connected therewith; and said corporation may sell or lease their estates at pleasure, and have and enjoy all the powers and privileges usually granted to similar corporations.

SECT. 2. Be it further enacted, That the powers grant- Powers granted maybe changed. ed by this Act may be enlarged, restricted or annulled at

the pleasure of the Legislature.

SECT. 3. Be it further enacted, That John Burnham

may call the first meeting of said corporation by giving First meeting. such previous notice as he may judge suitable.

CHAPTER 271.

AN ACT to incorporate the East Somerset County Agricultural Society.

Approved March 8, 1832.

sons incorpora

SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That Henry Warren, Names of PerElijah Wood Jr., Augustus J. Brown, Sewall Prescott ted. and Jacob Stafford their associates and successors be and hereby are created a corporation by the name of the East Somerset County Agricultural Society, with power by that Powers &c. name to prosecute and defend suits at law; to have a common seal; to make by-laws for the management of their affairs, not repugnant to the laws of the State; to take and hold any estate, real or personal, the yearly income of which shall not exceed three thousand dollars, to be May hold real used exclusively for the promotion of Agriculture, and the tate &c. mechanic arts connected therewith, and may sell or lease the same at pleasure and have all the powers incident to similar corporations.

SECT. 2. Be it further enacted, That the first meeting of, said Corporation may be called by any three of the persons above named on giving such notice as they may think proper.

or personal Es

First meeting.

SECT. 3. Be it further enacted, That the powers, grant- Powers granted ed by this Act, may be enlarged, restricted or annulled at ed. may be changthe pleasure of the Legislature.

434

ted.

Powers &c.

OCEAN INSURANCE COMPANY.

CHAPTER 272.

AN ACT to incorporate the Ocean Insurance Company.

Approved March 8, 1832.

SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That Hezekiah Winslow, Names of Per-Levi Cutter, James C. Churchill, Leonard Billings, Asa sons incorporaClapp, Jacob Knight, Nathaniel Blanchard, William Cutter, Charles Jones, Caleb S. Carter, George Knight, Luther Dana, Isaac Smith, John A. Smith and Benjamin Knight, with their associates, successors and assigns, be and they hereby are created a corporation by the name of the Ocean Insurance Company, with the powers usually granted to other Insurance Companies, and subject to all the duties, obligations and restrictions contained in a law of this State, entitled "An Act to define the powers, duties and restrictions of Insurance Companies," passed the twenty fourth day of February one thousand eight hundred and twenty To continue 20 one, for the term of twenty years from the passing of this Act, and by that name may sue and be sued, have a comMay hold Real mon seal and purchase and hold real estate to an amount not exceeding five thousand dollars.

years.

Estate.

shall be One

and dolls. to be

SECT. 2. Be it further enacted, That the capital stock Capital Stock of said company, exclusive of premium notes and profits, hundred thous- shall be one hundred thousand dollars, divided into shares divided into of one hundred dollars each, of which fifty per cent shall shares of $100, be paid within thirty days after public notice given by the cent. shall be President and Directors in two newspapers, printed in days after notice Portland, and the remaining fifty per cent, within two years after the payment of the first instalment.

of which 50 per

paid within 30

&c.

Directors.

When to be elected, &c.

SECT. 3. Be it further enacted, That the property and affairs of said company shall be managed by seven Directors, who shall hold their offices one year and until others are chosen in their room, and shall be stockholders and citizens of this State, and be elected on the first Monday of January in each year, on such notice of the place and hour as shall be given according to the by-laws of the Company; which election shall be had and held by the

.

by ballot. Absent mem

Stockholders by a major vote, by ballot, one vote being Election to be allowed to each share, and absent stockholders may vote by proxy, authorized in writing, under such restrictions as bers may vote the by-laws may prescribe. Said election shall be had un- by proxy. der the inspection of three stockholders not being directors, but no stockholder to be entitled to more than ten votes.

SECT. 4. Be it further enacted, That the Directors

Board of Direc

shall choose one of their own number to be President, who President. shall be sworn to the faithful discharge of the duties of his office, and shall preside at the Board. All vacancies in Vacancies in the Board of Directors may be filled by a special election, tors how to be held and conducted in the same manner as above mentioned. But no person, being a Director of any other Company, Persons inelegicarrying on the business of insurance, shall be eligible as a ble.

Director of this corporation.

filled.

rectors shall

SECT. 5. Be it further enacted, That a majority of the Majority of Diwhole number of Directors shall constitute a quorum for constitute

⚫ the transaction of business. And said Corporation shall quorum. have power to make by-laws for managing the affairs of Corporation said company, not repugnant to the laws of the State.

a

may make bylaws.

how to be call

SECT. 6. Be it further enacted, That any two of the three persons first above named may call the first meeting First meeting of said Company by publishing the time and place thereof ed. in two public newspapers printed in Portland fourteen days previously, at which meeting any officers may be chosen and any corporation business transacted.

CHAPTER 273.

AN ACT to incorporate the Ossipee Agricultural Society.

Approved March 8, 1832.

SECT. 1. Be it enacted by the Senate and House of Represensatives, in Legislature assembled, That Daniel Perry, John Bailey, Edmund Trafton, Nathan Clifford, Simeon Strout Names of perJr., with their associates and successors be, and they sons incorporahereby are created a corporation by the name of the Ossipee Agricultural Society, with power by that name to prosecute and defend suits at law; use a common seal; make

ted.