401

1853.

holders, by publishing a notice of the time, place and ob-ject of said meeting, at least four weeks successively, pre-vious to the time of holding such meeting, in some publicnewspaper published in Will county , or by serving a writ-ten or printed notice on each of said stockholders, at leastten days previous to such meeting, and the certificate ofthe publisher of such newspaper, in case of publication,shall be sufficient proof of such publication. As soon as organiMUun «rthe board of directors shall have organized after the first 1,utt ‘' u 'election of directors, the commissioners appointed by thisact to open books and receive subscriptions of stock shalldeliver to the president of said company all books, papersand moneys in their possession belonging to said company,who shall deliver the same to the proper officers of saidcompany.

§ 3. At the first meeting of said stockholders, in pur- President,siiance of the notice specified in the last preceding sec-tion, they shall choose a president and secretary fromamong their number, and then shall elect, by ballot, fivedirectors, who shall be stockholders. Said directors shallhold their offices until the first Monday of April succeed-ing their election and until their successors are elected,and on the first Monday of April of each year, after thefirst elections of directors, said company shall meet an<lelect five directors for the ensuing year, but a failure tomeet and elect directors at said time shall not work a for-feiture of this charter or effect the rights of said company,and directors may, in such case, be elected at a subs -quent meeting, on due notice given for that purpose. Thedirectors shall choose a president fiom among their num-ber, and shall choose or appoint such other officers and Amman imtcr«.agents as they may deem necessary; they shall have powerto make such by-laws, rules and regulations as may benecessary for the transaction of their necessary business,and the conducting the affairs of said company, and mayalter the same when necessary; and they shall cause no-tices to be given by publication, or otherwise, of theannual meetings for the election of directors, for suchlength of time as they may deem necessary, and at eachelection every stockholder shall be entitled to one vote foreach share of stock owned by such stockholder, whichmay be cast in person or by proxy duly authorized.

§ 4. Said company shall commence said bridge within Time ofone year, and complete the same within three years from tt<m 'the passage of this act, and when completed, they maydemand and receive for passing over the same the follow-ing rates of toll, viz : for each two-horse pleasure car-ioiis.riage or vehicle drawn by two horses or other animals,twenty-five cents, and five cents for each additional ani-mal in such team ; for each two horse lumber wagon or[ A2 J