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No. of votes to
ers are entitled.
and assigns, be and they hereby are constituted a body corporate, by the name of the “Bluehill Fishing Company,” and shall have power to prosecute and defend suits Corpo at law, to have and to use a common seal, to take and hold, for the objects of their association any estate real or personal, to an amount, not exceeding fifty thousand Powers, &c. dollars, the same to be divided into shares, to use and manage at their pleasure; to choose such officers, to levy such assessments and make and execute such by-laws, as may be necessary for the convenient management of their concerns, and not repugnant to the constitution and laws of this State; and generally to have and enjoy all the powers and privileges, incident to corporations established for like purposes.
Sect. 2. Be it further enacted, That the Capital Stock of said Corporation, shall be divided into shares of one Division of Capihundred dollars each:-and the number of votes to which each Stockholder shall be entitled, at all meetings of said which stockhold. Stockholders, shall be according to the number of shares he shall hold, in the following proportion, that is to say, for one share, one vote, and every two shares, above one, shall give a right to one voté more, provided no one member shall have more than ten votes.
Sect. 2. Be it further enaeted, That the shares or Stock of this Corporation, shall be deemed and taken to be per- Shraversa, demed sonal property, and held, transferred, pledged or sold, as dec. such, and whenever the Corporation shall be dissolved, the property thereof, shall vest in the holders of the shares at the time of such dissolution, according to their several and respective interests, subject to the legal and equitable claims of the creditors of the Corporation, to be enforced according to law.
Sect. 4. Be it further enacted, That, in case of any loss or deficiency of the capital stock of said corporation, the private and individual property of the stockholders, fain lia shall be liable, and may be taken, to satisfy any claims against said Corporation, Provided, that, in no case, shall Proviso. any one stockholder be liable to pay a sum, exceeding the
Shares deemed personal property
Individual prop erty of stockholders liable in cer
amount of the stock, actually then held by him, And provided further, that the liability of such Stock holder, as aforesaid shall not continue, beyond the term of one year, from and after the time, he shall have duly transferred his stock, pursuant to the by-laws of the Corporation.
Sect. 5. Be it further enacted, That, this Act shall conTime of taking tinue in full force and effect, from and after the passage
thereof, for the term of ten years, and no longer.
Sect. 6. Be it further enacted, That the two CorporaMode of calling tors first named in this Act, may call the first meeting of
said Corporation, by notifications of the time and place thereof, posted up in two public places in, the town of Bluebill, ten days at least, before the time appointed for holdiog such meeting.
AN ACT authorizing the First Congregational Parish in the Town of
Kittery to sell Parsonage Lands.
lot of land.
Approved February 3, 1836. Sect. 1. Be it enacted by the Senate and House of Representatives in Legislature assembled, That the First Congrega
tional Parish in the town of Kittery beauthorized to sell a May sell certain certain lot of land belonging to said Parish lying in said
Town of Kittery and known by the name of the Parsonage Pasture and by their Agent to make execute and deliver a good and sufficient deed thereof to the purchaser or purchasers.—Provided, said Parish at a legal meeting of the members thereof shall vote in favor of said such sale.
Sect. 2. Be it further enacted, That said Parish by their
Agent may loan the money arising from such sale or invest or invest it in the same in bank or other stock or property at their elec
tion and the interest or income thereof shall go to the support of the ministry in said Parish.
May loan money
AN ACT to incorporate the Waldo Fire and Marine Insurance Company.
Approved February 3, 1836. Sect. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That Hugh J. Anderson Names of Corpo Alfred Johnson Jr. H. 0. Alden W. G. Crosby, Jna. Thayer N. M. Lowney, J. Williamson, Frye Hall, Bohan P. Field Isaac Allard, Daniel Lane, Ralph C. Johnson, James White, Paul R. Hazeltine, Nathaniel Wilson, Mayo Hazeltine, H. G. K. Calef John S. Kimball, John Haradan James P. White, Thomas Marshall, John Dorr, and Salathiel Nickerson Jr. with their associates, successors and assigns be and they are hereby created a Corporation by the name of the Waldo Fire and Marine Insurance Com- Corporate name. pany, with powers usually granted to other similar corpo- Powers, liabilirations, 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 one, for the term of thirty years from the passing of this Act, and by that name may sue and be sued, have a common seal; and purchase and hold real estate to an amount not exceeding fifteen thousand dollars.
Sect. 2. Be it further enacted, That the office of said Company shall be kept in Belfast in the County of Waldo: Office to be kept that the capital stock of said Company, exclusive of premium notes and profits shall be One Hundred Thousand Dollars divided into shares of One Hundred Dollars each, Amount of Capiof which fifty per cent. shall be paid within thirty days divided a after public notice given by the President and Directors in any newspaper printed in Belfast, and the remaining fifty per cent. within two years after the payment of the first instalment.
Sect. 3. Be it further enacted, That the property and . affairs of said company shall be managed by not less than five nor more than seven Directors, who shall hold their
tal stock and how
Directors to manage affairs.
and how chosen.
Tenure of officers offices one year and until otbers are chosen in their roon
and shall be stockholders and citizens of this State au shall be elected on the first Monday of March in eac year, on such notice of the time and place as shall b given according to the by laws of the company; wbic election shall be had and held by the Stockholders by major vote, by ballot, one vote being allowed to eacl share, and absent stockholders may vote by proxy, author ized in writing, under such restrictions as the by laws may prescribe. .
Sect. 4. Be it further enacted, That the Directors shall
choose one of their own number to be President, that a choose President majority of the whole number of Directors shall constitute
a quorum for the transaction of business, and shall have the power to make by laws for managing the affairs of the company consistent with the laws of the State.
Sect. 5. Be it further enacted, That any three of the
persons named in this Act may call the first meeting of Mode of calling said company by publishing the time and place thereof in
any public newspaper' printed in Belfast, fourteen days previously, at which meeting any officers may be chosen to act until the next annual meeting and any corporation business be transacted.
and make bylaws.
Approved February 6, 1836.
sentatives, in Legislature assembled, That, Henry R. Parsons, Names of Corpo- Abijah Hall Jr. Elisha Morse, Thomas N. Stowell, Zebe
dee Perry, Ansel Field, James Dearing, Samuel Dearing Charles Porter and Cyprian Stevens, their associates and successors, be and they hereby are constituted a body
politic and corporate, by the name of the South Paris Corporate name. Manufacturing Company, for the purpose of manufacturing
cotton, wool, iron and steel, in the town of Paris, and said corporation may erect such mills, dams, works, machines and buildings, and dig such canals on their own lands, as may be necessary for carrying on these useful manufactures and branches of trade, to have and to hold real and personal estate, to an amount not exceeding, at Amount of Stock. any one time, one hundred thousand dollars, in value, and to have power to give, grant, sell and dispose of the same, and shall have all the powers and privileges, and be subject Powers, &c. to all the duties and requirements, expressed in the several acts of this State defining the general powers and duties, incident to manufacturing companies.
Sect. 2. Be it further enacted, That, in case of any loss or deficiency of the Capital Stock of said Corporation, the private and individual property of the stockholders shall be liable and may be taken to satisfy any claims against said corporation, Provided, that in no case shall any one stockholder be liable to pay a sum exceeding the amount of his stock, and further provided, that the liability of such stockholder as aforesaid, shall continue for the term of one year and no longer from and after the time, he shall have duly transferred his stock, pursuant to the by laws of the corporation.
Approved February 6, 1836.