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![handle is hein.slavery/ssactsal0473 and id is 1 raw text is: 1881'4. 428
Capital increased Company shall have power to extend ti capitait tock tO
the sum of five hundred thousaid dollars; an thaot smuc
of the act approved the 14th of February, 1848 ameinded
by the act approved the 16th of January, 1844, as restricts
the capital stock to two hundred thousand dollars, be and
the same is hereby repealed.
APPROVEb, February 18, 1854.
[No. 496.] AN ACT
To incorporate the Selma Insurance and Trust Company.
SECTION 1. Be it enacted by the Senate and Rouse of Rep-
resentatives of the State of Alabama in General Assembly con-
vened, That T. B. Goldsby, P. J. Weaver,.D. A. Boyd, N.
Waller, J. W. Lapsley, Abner Jones, J. E. Prestridge, R.
corporatorm. N. Philpot, Josiah Morgan and Samuel M. Chapman, be
and they are hereby constituted aind appointed commission-
ers to open books of subscription to the capital stock of the
company by this act to be incorporated and to be located
Name andastyle. in the city of Selma, in this state, to be called the Selma
Insurance and Trust Company; said commissioners or any
three or more of them shall have power and are hereby
autborised to open said books in the city of Selma, and
at such other places as they may deem proper, and iceceive
subscriptions to the. capital stock of said company; and
Modeof subscrib. said commissioners, or any three or more of them who may
Ing to stock. act, shall receive all subscriptions that inay be offered to an
* amount not exceeding in the whole the sum of one hun.
dred and fifty thousand dollars, and in shares of an hun-
dred dollars each; and said commissioners shall give notice
of the time and place or times and placts of opening such
books by publication in I t least one newspaper published
in the city of Selma, and in such other papers as they may
deein best, at least twenty days before the timo appointed
for, opening the books, All subscriptions which may be
miado in pursuance of this act shall be binding on the sub-
scribers, respectively, their heirs and legal representatives,
and shall be payable in such time and manner, and be sub-
ject to such regulations as the board of directors to be con-
stituted.under this act may prescribe, in conformity to the
provisions of this act.
SEc. 2. Be it fqrther enacted, That when the subscrip-
'tions authorised in the first section of this act shall amount
to fifty thousand dollars or upwards the subscrilers and](ViewImageLocal?handle=hein.slavery/ssactsal0473&div=1&collection=&method=preview&ext=.png&size=3)