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An Act to incorporate the Rockville Manufacturing company and the Elorado Manufacturing company. 1850-1851 256 (1850)

handle is hein.slavery/ssactsar0087 and id is 1 raw text is: 256 An act to incorporate the Rockville Manufacturing company and the Eldorado Manufacturing company. SECTION ISECTION 1. Rockville Manufacturing companyj 7. Company books and statements. incorporated. 8. Instalments upon and sales of stock. 2. Capital stock of said company. 9. Corporation only responsible for debts. 3. Eldorado manufacturing company in- 10 Certificates of amount of stock paid corporated. in. 4. Organization of company. 11. Limitation of charter act in force 5. Officers. from passage. 6. Provisions in case of failure to elect 12. Act to be deemed a public act. directors. b Whereas for the purpose of concentrating the efforts, and giving force and stability to the laudable exertions of a portion of the citi- zens of this State, who are endeavoring to promote the general pros- perity and independence of our common country by erecting cotton factories for the manufacture of our great staple: Therefore. SEc. 1. Be it enacted by the General Assembly of the State of Arkansas, That George Brodie, Dr. P. Renton, . Loring, . L. Dodge, G. C. Watkins with all others who or may be hereafter as- sociated with them, be, and they hereby are, with their successors and assigns, made and established a body politic and corporate by the name of the Rockville Manufacturing Company for the purpose of manufacturing any kind of cotton or woolen goods, yarns or ma- chinery, and also to carry on the business of merchandising, in the most advantageous manner, and by that name they and their assigns, and successors shall be, and hereby are authorized and empowered to purchase, take, hold, occupy, possess and enjoy to them, and their successors any goods, chattels and effects of whatever kind they may be, the better to enable them to carry o such business to advantage; also to purchase, take, hold, occupy, possess and enjoy tte slaves, lands, tenements or hereditaments, as shall be necessary for the views and purposes of said corporation, and the same to sell and dispose of at pleasure, or to take a lease or leases thereof, for a term of years; al- so to sue and be sued, plead and be impleaded, defend and be defend- ed, and be answered unto, in any court of record, or elsewhere, by the name and style aforesaid, and said corporation may have and use a common seal, and may alter the same at their pleasure. SEc. 2. Be it further enacted, That the capital stock of said cor- poration shall not exceed two hundred thousand dollars, and that a share of said stock shall be one hundred dollars, and shall be consid- ered and deemed personal estate, and be transferrable only on the books of said company in such form as the directors of said company shall prescribe; and said company shall at all times have a lien upon all the stock or property of the members of said corporation invested therein, for all debts due from them to said company. SEc. 3. Be it further enacted, That Edward W. Wright, Edmund P. Tatum, John T. Prim, John Newton, William V. Tatum, Hugh D. Man, together with all others who are or may be hereafter associated

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