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![handle is hein.slavery/ssactsal0553 and id is 1 raw text is: 177 . 1859-'80.
No. 16.] AN' ACT
To Incorporate the Eutaw Insurance Company, in
Greene county.
SR:c. 1. Ik it ectel by the &:tate and House of Rleprescot-
(aires ,f the Stat of Alu hua in Ueral Asseinl conv) ned,
Thit Suinel M1. Gowdy, Williaun Perkins, Foster M1. Kirk-
siy, (hle-lIis 1'. DeXter, Lewis F. Pollard, Willitun P. Webb
ml \Vile'y Colemlanl, atd thLir' aISSOCialtes, be, and they N.e
h1r=by consituted a body coimporate, under the name ando o
style Of to Eutaw Insurance Comlpay,' the amount of the
capital stock thereof to he not lss than one nor more than
three hundied thonsand dollar,, and to be dividedi into
shares of one hundred dollars cach, at nd whose plae of
butsinIess shall be in the town of Eutaw, ill the county of
G reeno.
SiE:. 2 Ik' it fiuther cinacted, That notice shiall he given
by ad vertiso ne it for two ccsiv, e we0, ks, by pulintin Advertent.
inl 0110 of the nIewsl)aleIs published in said town, of the time
mid plaee when and where subscriptions will be received
for stock in said company; said subscription shall be oped
under the inspection and con trol of SunIal blI. (owdy,
Charles P. Dexter and Wiley Coleman, or any two of th ema,
and the sm of tea dollars on each shaie of stock subscribid
for shall he paid in cash at the time of subscription, and
the b.Janc sen ured to be paid at such tni and in such
manner as the Board of Directors, after their eleotion, may
determnine, arid when the suin of' one hundred thousand
dollars is subncribed, the company may organize and coan-
inence hsiness.
SEa. 3. 1h it jither enated, That a Bohrd of Directors
to Consist of five persons, Owners of ,to,.ck in said company
who shall hohl their ofice for one year, and until their sue' nornI or alec-
ensors shall ie elected and qualifed, shail be elected by
hallot by the stckholders votng in person or by proxy,
afT(r notice by advertiseint for two succesjve weeks in
smte newspapr published in the town of Eutaw, stating
the tine iAl place of' holding such election ; the first ece-
tion to be hlid under the inspection of Siniuel M. Gowly,
Lewis F. Pollard, Wiley Coleman and Willium P. Wefbb,
or any two of them, and all snbsquent elketins to be held gemo an,
n lori the intl''tion of three persun t) be appo tinted prior 'E
thereto hy the Board of Directors; the stockhollers at all
( Mlettis and at all InCetinzs fr the transietotin of btuiness
shal hinve one vote for each share of stock they may own.
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