Apb..
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which Directors shall appoint
authorized:
of their number President, and
for
the said Commissioners, or a
the purpose of electing the first Directors, majority of them after the stock shall have been
Subscribed as provided in the second Section of this act shall give five days notice in the newspaper herein before
mentioned of the time and place by them appointed for the subscribers or Stockholders to meet for the purpose
of electing Directors, and annually thereafter on
the second Monday of January the Stockholders shall meet
as aforesaid for electing Directors.
Provided, that none but Stockholders shall be elected Directors.
Section 4. A majority of said Board of Directors shall constitute a quorum for
the transaction of business. They shall have power to make and establish such
by-laws, rules, orders and regulations as may be necessary for the management of the affairs of said company, to make such
Covenants, contracts and agreements with any person or persons, Copartnerships or body politic whatsoever, as the execution and
management of the works, and interests of the company may require.
Section 5. The said Company shall have power and the exclusive right and privilege
of building Gas works in the town of ... for supplying to said town and its inhabitants Gas Light, and for making all excavations
and completing such other work as may ...