John Evans and all such persons as shall become subscribers to the stock herein after described, shall be, and they are hereby constituted and declared a body politic, and corporate, by the name and style of the “Carrolton Steam Mill Manufacturing company,” from and after the passage of this act, and by that name, they, and their successors, shall have succession, and shall in Law be capable of suing and being sued, pleading and being impleaded, in all courts and places whatsoever, may have a common seal, alter, and change the same at their pleasure, and they and their successors may also by that name and style be capable in Law of contracting, and being contracted with, of purchasing, holding, and conveying away Real & personal Estate, for the purpose, and use of the said corporation, as hereinafter limited

Sec.[Section] 2 The President and Directors of said Company hereinafter provided for shall have power and are hereby authorized to carry on the manufacture of the agricultural products of the Country; and other useful branches of Business. To erect Mills, Machines, works, and such other buildings as may be necessary to carry on their business, and to enter into all contracts which may concern the use, and management, of the property, and affairs, and interests, of the said company.

Sec. 3 The capital stock of the said company shall consist of one hundred thousand dollars,

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divided into shares of one hundred dollars each.

Sec. 4 That, for the purpose of carrying into effect the objects of this encorporation, the person named in the first Section of this act, is hereby appointed, as a commissioner1, to obtain subscriptions to the Capital Stock of said company, and may open Books for said Subscription at such times and places as he may deem expedient, and when at least five hundred of said Shares shall have been subscribed, and one dollar upon each share paid thereon, said commissioner shall within thirty days thereafter call a meeting of the Stockholders at Carolton, in Green County, by a printed notice in some newspaper of general circulation in this State.

Sec. 5 That, at said meeting, the stockholders of Said Company, shall procede to Elect five Directors, who shall manage, direct, and govern, the affairs of said Company, one year from the period of said Election, and, until their successors who shall be vested with the same authority are elected.

Sec 6 And that at said Elections each Stockholder shall be entitled to give one vote for each share of Stock he may hold, and a majority of all votes given, shall be required to make an election.

Sec. 7 That the period of Election shall be annual on the first Monday of in the month in which the first election shall be held, and if it shall so hapen that any Election does not take place upon the day appointed the same may be held

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on any day thereafter, the acting President giving the notice required in the fourth Section.

Sec. 8 That immediately after the Directors are chosen as above, they shall hold a meeting, at which, and all subsequent meetings, a majority shall constitute a quorum, That they shall procede to the Election of a president, from one of their number, a secretary, who shall be sworn by a Justice of the Peace to the faithfull discharge of his duty and who shall record all the procedings of the said Corporation under the direction of the said President and Directors in a Book to be by him kept for that purpose a Treasurer who shall give bond to such amount and in such manner and the said President & Directors shall direct and appoint such other officers and agent as to them may seam necessary

Sec. 9 That the Said President & Directors Shall have power from time to time to make all such By Laws[,] rules[,] and regulations not inconsistent with the Constitution and Laws of this State or of the United States which may be necessary for the payment or Collection of subscriptions to its stock and the transfer of the same[,] the conveyance of property[,] the payment or collection of dues to or from the said Company or that in any other way concern the interests[,] management[,] and direction of the affairs of said Company

Sec. 10. The Corperation hereby created shall continue for the term of years

Sec. 11. This act to be in force from and after its passage and shall be taken and considered a public act in all Courts of Record and also in Courts of Justices of the Peace and shall be beneficially construed.