

     288 
     
    
     ROYAL GAZETTE. 
     
    
     ﬁ‘. 
     
    
     V. That the joint property or stock of the 
     
     said Company shall be alone liable for its debts 
     
     or engarrements, and that no proprietor or 
     
     shareholder in the said Company shall be or 
     
     become responsible, chargeable, or accountable, 
     
     by any ways or means, for any other or greater 
     
     sum of money than the amount of the shares 
     
     which he shall actually and bona_/ide possess, or 
     
     be entitled to, in the Capital or Joint Stock of 
     
     the said Corporation. 
     
    
     VI. That all such lands and real estate as the 
     
     said Company may hold, at any time, or so 
     
     much thereof as may be necessary to satisfy any 
     
     writ of execution, issued upon any judgment 
     
     obtained against the said Company, shall and 
     
     may be taken upon such writ and sold, in the 
     
     same manner, and with like notices, proceedings 
     
     and equity of redemption, as the lands of pri- 
     
     vate persons may be taken, levied on, and sold 
     
     according to law; and the Sheriff shall, imme- 
     
     diately after such sale, make and execute a 
     
     deed to the purchaser or purchasers, which deed 
     
     shall convey and transfer all the estate and 
     
     interest of the said Corporation in the lands so 
     
     taken, sold or conveyed. 
     
    
     VII. That the general annual meeting of the 
     
     said Company shall be held on the Second 
     
     Tuesday in March, in every year, at some con- 
     
     venient place in the village of Alberton, to be 
     
     appointed and duly notiﬁed to the Company by 
     
     the Board of Directors, and that special meetings 
     
     of the Company shall be summoned by the 
     
     Directors, when they shall deem the same 
     
     necessary, or Whenever a requisition, in writing 
     
     therefor, shall be delivered to the Board, signed 
     
     by ﬁve shareholders, and specifying the object 
     
     of such meeting; provided always, that at least 
     
     ten days’ notice of such special meeting, and 
     
     of the object thereof, shall be given in some one 
     
     of the public newspapers published in this 
     
     Island; and that all such general or Special 
     
     meetings may be adjourned, from time to time, 
     
     and from place to place, as may be found 
     
     expedient. 
     
    
     VIII. That at any annual or special 
     
     meeting of the Company, each proprietor or 
     
     shareholder, having paid up all calls upon him 
     
     made, and then due and payable, shall be 
     
     entitled to vote as follows, namely : The 
     
     owner of one share to have one vote; the 
     
     owner of three shares to have two votes; the 
     
     owner of ﬁve shares to have three votes ; 
     
     and the owner of ten shares, or a greater 
     
     number of shares, to have four votes, and no 
     
    
     more; and the said proprietor may give such 
     
     vote or votes by his proxy, in writing, duly 
     
     constituted according to the bye-laws, such 
     
     proxy being a shareholder, and entitled to 
     
     vote ; and every such vote by proxy shall be 
     
     as good and sufﬁcient to all intents and 
     
     purposes as if such principal had voted in 
     
     person; and at every meeting of the Board 
     
     of Directors each Director shall have one 
     
     vote only, and every question, matter or 
     
     thing, which shall be considered or discussed 
     
     at any meeting of the Board of Directors, 
     
     shall be determined by the majority of votes 
     
     then given by the Directors then present; 
     
     and in case it should so happen that at any 
     
     general or special meeting of the Board of 
     
     Directors the votes shall be equal, then the 
     
     President of the Company, or in his absence, 
     
     the Chairman of the meeting, or of the Board, 
     
     shall be entitled to a casting vote, in addition 
     
     to his own personal vote. 
     
    
     IX. That so soon after the passing of 
     
     this Act as may be convenient and deemed 
     
     expedient, the said six persons ﬁrst named in 
     
     this Act, or any three of them, shall, by public 
     
     advertisement, to be printed in at least two 
     
     of the newspapers in this Island, during ten 
     
     days, appoint a day and place for the ﬁrst 
     
     general meeting of the subscribers, and shall 
     
     assemble such meeting, and a Chairman there- 
     
     of being chosen from among the subscribers 
     
     present, with a Secretary, the Company 
     
     hereby Incorporated shall be formed and 
     
     organized, and go into operation under 
     
     this Act; and the said subscribers then and 
     
     there present, or their proxies, shall and may 
     
     forthwith, in the manner prescribed, proceed 
     
     to elect ﬁve Directors, who shall immediately 
     
     thereafter choose from among their number a 
     
     President and Secretary ; and the said ofﬁcers, 
     
     so to be elected, shall hold, exercise, and 
     
     enjoy, and retain their respective ofﬁces, from 
     
     the day of such their election until the ﬁrst 
     
     annual general meeting thereafter, and thence 
     
     continually until a new choice of ofﬁcers be 
     
     made by the Company, pursuant to this Act and 
     
     the bye-laws of the said Company; provided 
     
     always, that no person shall, at the said meeting, 
     
     or any subsequent meeting, at which ofﬁcers 
     
     shall be elected, be deemed eligible to office 
     
     unless such person shall be, at the time of such 
     
     election of ofﬁcers, a shareholder of said 
     
     Company ; and provided that the said ofﬁcers 
     
     shall be Free and Accepted Masons.