. . .deemed guilty of a misdemeanor and liable to fine and imprisionment.

Sec[Section] 13 That the said corporation, Shall have the liberty of taking and receiving in payment of the stock subscribed to Said corporation, a conveyance in fee simple, of any land, or town lots, and the same together with any such donations as above provided, to sell and convey in such manner, and on such terms, as may be thought necessary, and most advantageous to the said Corporation.

Sec 14 When one tenth part, or more of the stock of said Company shall be subscribed, the said Commissioners shall make an election, at such time and place, as they may direct for the Election of directors, as herein provided; and the said directors, Shall receive from the said Commissioners, all the books, papers, and and money, which they may have received, and thereafter the directors shall receive subscriptions to the said Capital Stock, until the whole amount shall be subscribed.

Sec 15 This act shall be deemed a public act, and shall be favorably construed for the purposes therein expressed and declared, in all courts and places whatever.