6 [68] 
common seal, and the estates, rights, and interests, of the said compa> 
iiy, shall he adjudged and taken in law to he real estate; and it shall 
tliereupon be the duty of the said commissioners, or a majority of them, 
to call a general meeting of the said subscribers, at such time and 
place as they or a majority of them shall appoint, after advertising 
the same in such ])ublic prints, as they, or a majority of them, may 
think proper; and such of the said subscribers as shall be present at 
the said meeting, or a majority of Uunn, are hereby empowered and 
required to elect a president and six directors for conducting the 
said undertaking, and managing all the said company's business and 
concerns, for and during such time, not exceeding three years, as the 
said subscribers, or a majority' of them, shall think fit; an<l, in count- 
ifig ihe votes of all general meetings of the said company, each mem- 
ber shall be allowed one vote for every share, as far as ten shares, 
and one vo(e for every five shares above ten, by him or her held at 
the tinje, in tlie stock of the said company; and any proprietor, by 
writing under iiis oj- ber hand, executed befoi-e two witnesses, may 
depute any other member or piopiictor to vote and act as proxy, 
for him oi- iier, at any general meeting: Provided, also. That no officer 
or director of said company sliall, under any circumstances, be al- 
lowed to vote on any stock hut his own. 
JSKC 4. J'ul be it enacled, That the said president and di- 
rectors^, and theii' successors, uv a n^ajority of them, assembled, shall 
have fail power and autlfority to appoint, and at their pleasure dis- 
miss, such engineer or engineers, and agent or agents, as they may 
deem expedient, and to Hx tiit-ir compensation, and to agjee with any 
person or [jersons, on ber.alf of the said compiiny. to cut canals, erect 
daujs, open feeders, conslj'uct locks, and perform such other works, 
as they sliall judge necessai'V or expedieni, for completing the canal 
herein bel'ore niintioned and desciibed; and out of the money arising 
from the siibscrij)tioiis and tolls and otiier aids, hereinafter given, to 
])ay for tiie same, and to i-epair and keep in or.ler the said canals, 
locks, and other works, necessary tliei-eto, and to defray all incidetital 
chai'ges; an'.! nUo t'> appoint a treasurer, clerk, and other oificers, 
toll g;ithererH, managers, and sei'vants, as they shall judge re(juisite; 
and to agree for and settle their respective wages or allowances, and 
to settle, pass, and sign their accounts; and also to make and estab- 
lish rules of proreetling, and to transact all other business and con- 
cerns of the said company, in and during the intervals between the 
general meetings of the same; and they shall be allowed, as a com- 
pensation for their trouble tin-rein, suili sum of money, as shall, by a 
general meetitig of the stockholders, be determined: Frovided, alwajfs, 
'J'hat the treasure)- siial! give bond, iu such penalty, and with such 
security, as the said president and dir«'ctor'S, or* a majoi-ity of them, 
sliall dir-ect. for the true and Jaitliful discharge of the trust reposed in 
him, and tiiat the aliowanceto be made him for- his services shall not 
exceed three doliar-s in the huudied, for* the disbur-sements by hinii 
nrade; and that no oihcer- in tiie company shall have any vote itr the 
«e'tlciiicnt or p-assing of his own account. 
