loaned, on real or personal security, within the State of Pennsylvania. Power to sell SECTION 6. The directors of said company shall have full power and authority at any time to sell, dispose and transfer all or any of the public or other securities, stock or evidence of ties. debt, in which the capital stock and funds of the company shall be invested and the proceeds of any such sale or transfer to reinvest in any securities or stocks as may be deemed expedient: Provided, That nothing herein contained shall be construed Proviso. to authorize the said company to use their funds for banking purposes. SECTION 7. The president and directors of the said corporation for the time being shall have power to appoint a secretary, and such officers, agents and clerks, or other persons as shall Officers appointed. be necessary for conducting and executing the business of the said corporation, and to allow them such compensation for their services, as they shall deem reasonable, and generally to exercise all other powers and authorities for the proper management and direction of the affairs and funds of the said corporation as may be allowed by this act or the ordinances of the Power to precorporation, and especially shall have power to prevent the vent delinq't transfer of any stock while the holder thereof shall be indebted stockholders to the company, and furthermore, if the holder of any stock so indebted shall after demand upon him for the payment of said ring stock. debt or any portion thereof, neglect or refuse to pay the same, for the space of sixty days the said directors shall have power to direct the sale of the same at public auction after two weeks notice of said sale in two of the newspapers of the city of Pittsburg. from transfer. make insu. rance. SECTION 8. The president and directors shall have full power President and and authority on behalf of said corporation to make all kinds of directors to insurance against fire, and all kinds of insurance upon the in- have power to land transportation of goods, wares and merchandize, all kinds of insurance upon vessels, whether propelled by steam or otherwise, and upon their cargoes, and to loan money upon bottomry and respondentia, and generally to make, execute and perfect such contracts, agreements, policies or other instruments as may be necessary, and to transact and perform all matters and things relating to the said objects, and all policies of insurance and other contracts to be made by said company shall be under the seal of the said corporation, signed by the president and attested by the secretary or other officer appointed for that purpose. surance con SECTION 9. In case any party to any policy of insurance made by said corporation, shall sell, convey or assign the subject in- Policy of in sured it shall be lawful for such party to assign or deliver to the purchaser such policy or contract of insurance, and such assignee shall have all the benefit of such policy or contract of insurance, and may bring and maintain a suit in his own name veyed or 1 Semi annual declaration of dividends. made until thereon, if before any loss happened, he shall have obtained the consent of the corporation to such assignment to be endorsed on or annexed to such policy of insurance, and the said corporation, shall not be bound after the transfer or assignment of any such subject of insurance made by them unless their consent as aforesaid be obtained. SECTION 10. The directors shall on the first Mondays of January and July in each year, declare a dividend of so much of the profits of the corporation as to them shall appear advisable to be paid to the respective stockholders agreeably to such regulations as the said directors may adopt, but the monies received as premiums on risks which remain undetermined and outstanding at the time of declaring the dividends respectively shall not be computed as any part of the profits of said corpo ration. SECTION 11. In case any loss shall happen by which the In case of lose capital stock shall be diminished no dividend shall be made unt no dividend the amount of such diminution shall be supplied and added te diminution be the capital, and any president or director present at the declarsupplied. ation of any dividend contrary to the above prohibition who shall omit immediately to enter his protest against the same on the minutes of the company, shall be accountable for and pay to the company for their use, the amount of the dividend declared and paid contrary to the provisions of this act. Penalty on omitting to enter protest. Right to repeal. SECTION 12. If at any time it shall appear to the Legislature that the privileges granted by this act are injurious to the public welfare the power to repeal this act is hereby fully reserved but such repeal shall not affect any of the contracts of the said com pany, nor their powers to liquidate and settle all their past transactions, and the said company shall be subject to such general laws as the Legislature may at any time enact for tax ing the insurance companies of this Commonwealth. WM. PATTERSON, Speaker of the House of Representatives. JACOB KERN, Speaker of the Senate. -APPROVED-The fifteenth day of April, Anno Domini, eigh teen hundred and thirty-four. GEO: WOLF. No. 211. AN ACT For the relief of the heirs of Conrad Weiser, deceased. WHEREAS, In consideration of his services as Indian in terpreter, there were granted to Conrad Weiser, now deceased, a certain tract of land containing three hundred and five acres and thirty-six perches, and a certain island in the river Susquehanna, containing fifty acres and one hundred and forty-one perches, in Northumberland county: And whereas, It afterwards appeared that the said tract of land and island were not within the then new purchase from the Indians, and were sub sequently granted by the Commonwealth to other purchasers, who reserved the same against the heirs of said Conrad Weiser, saving only seventy acres and nine perches, which have since been granted by patent, to Jacob Weiser, one of the heirs of said deceased, who executed a mortgage, dated first May, eighteen hundred and twenty-seven, for the purchase money, amounting to fifty-five dollars and fourteen cents: Therefore, 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 the Secretary of the Land Office be and he is hereby required, without fee or compensation, to release and deliver to Jacob Weiser, his heirs and assigns, a certain mortgage, dated May first, eighteen hundred and twenty-seven, given to secure the payment of the purchase money of a certain tract of land situate in Mahonoy, Northumberland county, containing seventy acres and nine perches, and allowance, amounting to the sum of fifty-five dollars and fourteen cents. WM. PATTERSON, Speaker of the House of Representatives. JACOB KERN, Speaker of the Senate. APPROVED-The fifteenth day of April, Anno Domini, eigh teen hundred and thirty-four, GEO: WOLF. Preamble. Name. and 1 treas'r. No. 212. AN ACT To enable the owners and possessors of a certain tract of marsh and mex- WHEREAS, there is a certain tract or parcel of marsh and meadow land situate in the township of Kingsessing, in the county of Philadelphia, the whole of which is comprehended within the bounds following, to wit: beginning at the eliff of rocks adjoining Gray's Ferry, on the west side of the river Schuylkill, thence down the said river to the Bartram Botanic Garden, thence along the fast lands of Robert Carr, the heirs of Doctor James H. Bartram, Nathan Jones, James Bartram, Sarah Smith, George Fuhr, the heirs of George Gray, and the heirs of Doctor Benjamin Say, to the place of beginning, which said tract or parcel of marsh and meadow land hath been and now is embanked, but the regulations heretofore made for preventing the tide waters from overflowing the same, being found by experience to be inadequate and unequitable: Therefore, SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in Gereral Assembly met, and it is hereby enacted by the authority of the same, That the said tract or parcel of marsh and mea. dow land shall be henceforth called and named "the castern district of Kingsessing Meadows," and that the owners, occupi ers and possessors of meadow land in the said district, shall be named "the company of the eastern district of Kingsessing Meadows." SECTION 2. It shall and may be lawful for the said company, or as many of them as shall think fit, to meet together on the managers first Monday in February, every year, at the inn at Gray's Ferry, in the said township, or such other convenient place as shall hereafter be appointed by the managers of the said district, or any two of them to be chosen by virtue of this act, of which place and time of meeting the treasurer of the said district shall notify the owners and occupiers by three advertisements at least, posted up at the most public places in the said township, ten days before the day appointed for such meeting, and then and there by a majority of those met, shall choose by ballot three fit persons, owners or occupiers of land in the said district, to be managers, and one fit person to be treasurer for the then next ensuing. year SECTION 3. If any of the owners or occupiers, elected mana gers as aforesaid on due notice given in writing of his election duty. by some of the company present at the said election, shall re- Penalty for fuse or afterwards neglect to do the duty required of him or refusal or neglect of them by this act, he or they so refusing or neglecting his duty, shall forfeit and pay to the treasurer for the time being, the sum of five dollars, to be added to the common stock of the said company, unless he or they hath or have served two years succossively in the said office, next before his or their said appointment, which fine shall be recovered in the manner hereinafter directed for the recovery of other money due to the company, and the other managers or a majority of them, may choose others of the said owners or occupiers to be manager or managers in the place of him or them so refusing or neglecting, and if the person so elected treasurer shall refuse or neglect to take upon him the duties, or to give the securities required by this act, or shall misbehave himself, or by death or otherwise be rendered incapable to execute the said office in any of these cases, the managers for the time being shall choose another fit person to be the treasurer for that year. SECTION 4. Every treasurer hereafter to be chosen, shall Treasurer to before he takes upon himself the execution of his office, enter enter into obinto an obligation with at least one sufficient surety, in double ligation, ko the value of the money which may probably come into his hands during the continuance of his office, as near as can be esti mated by the managers, conditioned that he will once in every year, or oftener if required, render his accounts to the said Annually to managers or a majority of them, and well and truly account, render acc'ta adjust, and settle with them when required, for and concerning to managers. all monies that are and shall come into his hands by virtue of this act, and shall well and truly pay the balance that shall appear on such settlement to be in his hands, to such person and to such services as any two of the managers for the time being shall order and appoint, and not otherwise, and that he will do and execute all other matters and things as treasurer to the said company, according to the true intent and meaning of this act, and that he will, at the expiration of his office, well and truly pay, or cause to be paid and delivered, all the money then remaining in his hands, together with the books of ac counts concerning the same, and all others, papers and writings, in his keeping, belonging to the company, unto his successor in the said office. Banks, dams and sluices, to SECTION 5. The banks, dams, and sluices, which belong to the said district, shall hereafter be maintained and supported in common by the managers, for which purpose it shall and may be supported, be lawful for the said managers or any two of them, as they &c. by manashall see occasion, to meet together and lay such assessments gera. and taxes on every acre of land in the said district, as they shall judge to be necessary for the benefit and security of the same, and the owners or occupiers of land on which the banks are, shall sow the said banks with grass seed from time to time when necessary, and shall mow and keep them clean |