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![handle is hein.slavery/ssactsal0173 and id is 1 raw text is: 81 1834
the amount by them received, to the person or persons legally Y
entitled to the same, whensoever a demand thervof may be law.
fully made.
Soc. 3. And be it further enacete, That the president and now sta)
directors, of the sold rail road company, shall have power, on sbat he isol
failure of any stockholder to pay any instalments or amount, in naymsenut
pursuance of any call which has heretofore been or hereafter
may be made by them, or the stockholders of said company,
to sell the stock of any such defaulting stockholder, or so much
as may be sufficient to pay the sum for which he may be in ar-
reara at public sale, at such public place as they may appoint,
for the best price in cash that can be obtained, after having giv.
#n at least sixty days notice thereof, by advertising such in-
tended sale in samp newspaper, printed in the Tennessee val-
ley; and the stock, so sold, shall be deemed personal property, Stock CON 4
and the purchaser thereof shall receive a certificate of urchase ered peronti
from the president and directors of said company, and acquire property.
all the rights of the original stockholder, and the excess of such
sale, after paying all arrearages due on such stock, shall he paid
to such defaultgin stockholder or his representatives.
See. 4. And be it /urther enacted, That the proviso at the now stok
end of the fourth section of an act, entitled an act to incorpor. shall be sold.
ate the Daletown, Woodville and Greensborough rail road
company, approved December the 27th, 1882, be, and the same
is hereby repealed; and hereafter, it shall be lawful for the
president and directors of said company to sell the stock of
any stockholder as provided for by the said fourth section, at
public aution for what it will bring, on giving ten dayspublic
notice of the time and place of sale, and the said stooldcolder
or stockholders shall be liable to the said president and diree-
tors, for whatever difference there shall be on such sale between
the price or sum for which the said stock shall be sold under
its par value. Approved, January 11, 11S4.
[No. 41.] AN ACT
'To Incorporate the Town of Donatur.
Section 1. Be it enacted by the Senate and House qf Re-
presentatives of the State qf Alabama in General Asse.m-
bly convened, That from aid after the passage of this act, incorporation
the town of Decatur in Morgan county, as daid out and estab-
lish by the trustees of the Decatur land company in the year
1820, be and the same is hereby incorporated.
See. 2. A&nd be itfurther enacted, That on the 1st Monday Electina pr
in February next, and in dach and every year thereafter, an counce.
lection by ballot for five councillors, resident land holdersshall
be held at some convenient and public place in said town, who
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