Laws Passed by the General Assembly of Illinois Territory
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Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Laws Passed by the General Assembly of Illinois Territory: At Their Sixth Session, Held at Kaskaskia 1817-´18 Sec. 2. And be it further enacted, That the said subscribers and their heirs and assigns from the time of the said first meeting, shall be and are hereby declared to be incorporated into a company by the name and style of the "Wabash Navigation Company," and may sue and be sued as such: Such of the subscribers as may be present at the said meeting, or a majority of them, are hereby empowered to elect seven directors, who are hereby authorized to elect from among themselves a President; which said President and Directors, shall have the conducting and managing the business of the company, for twelve months, then next after such election; and incase of the death, removal or resignation, or incapacity of the president, or any of the directors, the remaining ones, may call a general meeting of the shareholders to fill such vacancy by elections as aforesaid. Sec. 3. Be it further enacted, That from time to time, upon the expiration of the said term for which said president and directors were elected, the proprietors of said company may at their next general meeting, which shall be held annually, either continue the same directors, who may continue the same president, or either of them or elect new ones in their stead. Sec. 4. After the first meeting as aforesaid, the attendance of proprietors in person, or by proxy, having one hundred shares at the least shall be necessary to constitute a general meeting, but if a sufficient number of share-holders to constitute a general meeting should not attend, those who do meet may adjourn the meeting from day to day, until a sufficient number can be had. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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