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![handle is hein.slavery/ssactsal0637 and id is 1 raw text is: 1865-6 7
SEC. 6. BeC it further enacted, That in order to fali-
. tate the operations of said incorporation, that it is hereby
Aiu y invested with the right to erect dams and construct such
works on water courses, as they may deem necessary to
the propelling of machinery required to facilitate and
carry on stqccessfully the operations of said corporation.
SEc. 7. Be it further enacted, That said corporation
Inaponsihity shall be responsible to its creditor to the extent of its
to creditor. property, and the stockholders to the extent of the amount
of their respective stock not paid.
Approved, February 3, 1866..
No. 192.] AN ACT
To incorporate the Stonewall Insurance Company.
SECTION 1. Be it enacted by the Senate and House of
Rlepresentatives of the State of Alabama in General Assem-
bly convened, That A. J. ingersol, Samuel Wolff, S. 8.
Webb, William Flash, R. HI. Slough, C. W. Butt, Jno.
cerwators D. Raglind, P. Conley, L. Durand, E. A. Tracey, John
Billups, James A. Wemyss, L. T. Woodruff, Wm. 1H.
Moffet, Jno. T. Taylor, Hulcum Hudson, and Price Wil-
liams, of the city of Mobile, and such others as may be-
come stockholders in this company, and their successors,
be, and they are hereby made a body politic and corpor-
ate, under the name and style of The Stonewall Insur-
Farpose6. ance Company, for the purpose of conducting and doing
a general insurance business in the city of Mobile.
SEC. 2. Be it furfher enacted, That said company shall
have power in its corporate name, to sue and be sued,
to have a common seal, and'to alter the same at pleasure;
to hold, purchase, convey, and dispose. of all kinds of
estate, real and personal; to receive, accept, constitute
6wra1 row.and appoint agencies at their pleasure, and to appoint
ers. such subordinate officers, clerks and employees, as in the
opinion of its president -and directors, may be necessary
to its business; to prescribe their duties, and fix their
compensation; to make by-laws for the government of
of the company, not inconsistent with the laws of this
State and of the United States; to provide for the trans-
fer of its stock, the management of its property and
affairs, and to alter and amend such by-laws and regula-
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