||22 have the general management of the affairs of the company, and may employ the capital and means of the company in such manufactures as they shall deem best for the Bti*ine«« of the company, and for the erection and maintenance of such •ompany. machinery, dams, buildings, races, watercourses, bridges, roads. &c, subject always to the control of the stockhold-Eecords. era. They shall cause a record to be kept of all business transactions, and their books, and record, shall at all reasonable times be open to the inspection of any stockholder. They shall also, when required, present to the ftaportt. stockholders reports in writing of the situation' and amount of business of ihe company, and declare and make such dividends of the profits from the business ot the company, not reducing the capital stock while they have outstanding liabilities as they'shall dtem expedient. Sec. 5. The pefsons named in the first section of this act, or a majority of them, shall be commissioned to Books to be open books tor the subscription to the capital stock of opened. said company, at such times and places as they may deem proper; and the said company, are authorized to commence operations upon the subscription of live thousand dollars of said stock. Sec. 6. The President and Director* of said company shall have power, at any of their meetings, to require Payment of the payment of the capital stock of said company, to •tock required. sllc\^ persons, and at such times as they may deem proper, upon ninety days notice of the amount of such installments as may be required, and the time "when the same shall be paid, in some newspaper of general cir-cnlation in that county, or public verbal notice, at any public meeting wherein there ah'tll be a large share of the inhabitants of said county. And if any stockholder Failure 10 pay shall fail to pay up said installment as shall be required by the President and Director* as aforesaid, the Directors shall have power either to institute suits against said stockholder in any court having jurisdiction,, to recover such installments, and shall have execution thereof, or to sell such share or shares as shall be delinquent at public auction to the highest bidder, after giving thirty days notice in ihe same manner as prescribed above; and such stockholder shall be liable for the residue of any sum due upon share or shares, after deducting the proceeds of such sale. Sec. 7. This act to be in force, from its passage. Approved Jan. 21st, 1853.