Capital stock.

Votes.

Dividends.

the corporation, and the location of the office of the company, and transmit said certificate to the secretary of the commonwealth, at Harrisburg, to be filed in his office; and a certified copy thereof shall be evidence of the existence of said corporation, and of its formation, pursuant to this act.

SECTION 3. That the capital stock of said company shall consist of four thousand shares, of fifty dollars each, to be paid in such instalments as the directors may determine; and the persons holding said stock shall be entitled to one vote, for each share of stock held by them, and may vote, either in person, or by proxy; and a majority of the stockholders, convened for that purpose, on ten days' notice, published in two daily papers, in the city of Philadelphia, may increase the capital stock to eight thousand shares, to be paid in such instalments as the directors may determine.

SECTION 4. That the directors shall declare dividends, annually, or oftener, out of the net profit of the business of the company, and pay the same to the stockholders; but they shall, in no case, exceed the net profit, actually made, and acquired, after deducting all losses, and expenses; and if the directors Directors liable shall declare, and pay, any dividends, by which the capital stock shall be impaired, they shall be jointly, and severally, liable, for so much of said capital stock as may be thus impaired; which shall be recoverable, by any party aggrieved, or injured, in any action of debt, recoverable as in other cases.

for excess of

dividend over net profits.

Bonus and taxes on dividends.

SECTION 5. That the corporation shall pay, into the treasury of the commonwealth, a bonus of one-half of one per centum, on the capital stock authorized, in two equal, annual instalments, and a like per centum on the increased capital stock, st the time such increase is made; and the said company shall, also, pay such taxes on dividends, as may, hereafter, be provided by any general law, taxing dividends, on like corporaIndividual lia- tions; and the stockholders shall be individually liable, for all bility. debts due mechanics, workmen and laborers, employed by said company, to be sued for, and collected, as is provided in the twelfth, thirteenth, and fourteenth sections of an act incorporating the Lackawanna Coal and Iron Company, approved the fifth day of April, Anno Domini one thousand eight hundred and fifty-three.

JOHN CESSNA,

Speaker of the House of Representatives.
GEORGE V. LAWRENCE,

Speaker of the Senate.

APPROVED-The twenty-second day of April, Anno Domini

one thousand eight hundred and sixty-three.

A. G. CURTIN,

No. 517.

An Act

Relative to the term of office of School Directors.

SECTION 1. Be it enacted by the Senate and House of Represenlatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the term of office of school directors, from and after the first of January, Anno Domini one thousand eight hundred and sixty-four, shall commence on the first of Monday of June, in each and every year: Provided, That the term of office of school directors, now in office, shall, severally, be extended until the first Monday of June, of the year, in which their term of office expires: And provided further, The organization of each board of school directors, as provided by the twelfth section of the act of the eighth of May, one thousand eight hundred and fifty-four, shall be within ten days of the first Monday of June, in each year: And provided further, That the school tax, for each year, shall not be levied until after such organization, and before the first of July, of each year: Provided, That the provisions of this act shall not extend to the city of Philadelphia, nor to the county of Allegheny, nor to the cities of Reading and Lancaster.

JOHN CESSNA,

Speaker of the House of Representatives.
GEORGE V. LAWRENCE,

Speaker of the Senate.

APPROVED- The twenty-second day of April, Anno Domini one thousand eight hundred and sixty-three.

A. G. CURTIN.

No. 518.

An Act

To incorporate the Garment Cutters' Association of Philadelphia.

SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That William R. Rudduck, Samuel C. Paris, John Fredericks, Corporators. E. Bacon, William S. Sandy, John Hobson, John Broderick,

Title.

Privileges.

Income.

Membership.

Management.

Augustus Trimble and Samuel Ridgway, and their associates, are hereby created a body politic and corporate, in deed and in law, by the name, style and title of the Garment Cutters' Association of Philadelphia, and by the same name shall have perpetual succession, be capable of suing and be sued, to have a common seal, and the same to alter, or renew, at pleasure; and shall be able and capable, in law, and in equity, to take, and hold, for the use of said association, any real estate, goods, or chattels, and sum, or sums, of money, by gift, grant, bargain, sale, will, devise, or bequest, or otherwise, from any person, or persons, themselves capable of making the same, and the same to grant, bargain, sell, and a good conveyance make, for the use of said association, and generally do all, and singular, the matters and things which may he lawful, and necessary, for the well being. and due management, of the affairs thereof: Provided, That the clear yearly value, or income, of the real and personal estate of said corporation, shall not exceed the sum of one hundred thousand dollars.

SECTION 2. That this corporation shall consist of such persons as are now members, or shall be hereafter admitted as such, agreeably to the by-laws of the said association.

SECTION 3. That the affairs of said Garment Cutters' Association shall be conducted by a board of managers, which shall consist of a president, vice-president, recording secretary, corresponding secretary, treasurer, and twelve directors, seven members of which board shall form a quorum, for the transacElection of offi- tion of business, who shall be chosen annually, by the associa tion, at an election to be held on the first Tuesday of February, of each and every year, and shall continue in office for one year, or until their successors may organize, and take office.

cers.

Vacancies.

Funds, how to be raised and appropriated.

By-laws.

Proviso.

Present direc

tors and treasurer to con

SECTION 4. That in case of death, resignation, or any other event causing vacancy, in the office of any member of said board of management, the remaining members thereof shall have power to fill such vacancy, until the occurrence of the next annual election.

SECTION 5. That the funds of this association shall be raised by the sale of stock, and monthly dues, and initiation fees, of members, and other lawful means, and shall be appropriated, by the directors, in such manner as may appear to them most conducive to the interests of the association.

SECTION 6. That the association shall have full power, at any general meeting of the members and stockholders, to make such by-laws as may be deemed necessary for the better regulation of the association: Provided, Such by-laws are not repugnant to, nor inconsistent with, the constitution and laws of this state, or of the United States.

SECTION 7. That the directors and treasurer, at present in tinue until elec- office, shall be, and remain, so until the first Tuesday in February next, and until their successors are duly organized.

tion. Meetings.

Statements to be made by managers.

SECTION 8. That a general meeting of the members and stockholders of the association shall be held monthly, (annually) on the first Tuesday in each month; at which, the board of management, in answer to the call of twelve stockholders, made one month previous, shall produce a statement of the affairs of the association, for the preceding term of their office, and

such other business may be transacted, as shall relate to the general interest of the association.

JOHN CESSNA,

Speaker of the House of Representatives.

GEORGE V. LAWRENCE,

Speaker of the Senate.

APPROVED The twenty-second day of April, Anno Domini one thousand eight hundred and sixty-three.

A. G. CURTIN.

No. 519.

An Act

To change the place of holding the elections in certain townships, in Dauphin county.

SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That, hereafter, the qualified voters of Upper Paxton township, Dauphin county, shall hold their general, special and township elections, at the house of J. G. Yager, in the borough of Millersburg, in Dauphin county, and all law, in conflict herewith, be and the same is hereby repealed; and that the general, special and township elections, in the township of Lower Paxton, Dauphin county, shall hereafter be held at the school house, in the village of Linglestown.

JOHN CESSNA,

Speaker of the House of Representatives.
GEORGE V. LAWRENCE,

Speaker of the Senate.

APPROVED-The twenty-second day of April, Anno Domini

one thousand eight hundred and sixty-three

A. G. CURTIN.

No. 520.

An Act

To release the county of Potter, from the payment of a certain judgment, in favor of the Commonwealth.

SECTION 1. Be it enacted by the Senate ana House of Representatives of the Commonwealth of Pennsylvania in General Assem bly met, and it is hereby enacted by the authority of the same. That the county of Potter is hereby discharged and released from the payment of a certain judgment, in favor of the commonwealth of Pennsylvania, against the said county of Potter, said judgment being number one hundred and thirty-five, June term, Anno Domini one thousand eight hundred and fifty-six, in the common pleas of said county; and said county of Potter is hereby released and discharged from the payment of judg ment number seventy, September term, one thousand eight hundred and sixty-two, said last mentioned judgment being entered upon a scire facias, to revive the judgment last before mentioned.

JOHN CESSNA,

Speaker of the House of Representatives.
GEORGE V. LAWRENCE,

Speaker of the Senate.

APPROVED-The twenty-second day of April, Anno Domini one thousand eight hundred and sixty-three.

A. G. CURTIN.

No. 521.

An Act

Declaring Trout run and Spring run public highways.

SECTION 1. Be it enacted by the Senate and House of Represen tatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That from and after the passage of this act, Trout run is hereby declared a public highway, from its mouth, to the mouth of Spring run, and that Spring run, is hereby declared a public highway, from its junction with Trout run, up to the Spring run mills, now owned by H. W. Earley, L. D. Brewster and