. . .A Treasurer who shall give bond to such amount and i[n] [s]uch manner, as the President and Directors shall direct, [and] the Board shall appoint all other officers, and Agents, [as to th]em shall necessary.

[Sec.[Section] 7.] The Corporation shall have power to call for such portion to the stock subscribed, not exceeding twenty five per centum, every six months as they may think proper, to be paid at such time and place as they designate by giving sixty days notice, in some newspaper of this State, or by giving written notice to the Stockholders, in which shall be specified the amount demanded on each share, and the time and place of Payment, and if any Stockholders shall negle[ct] or refuse, to pay such subscription within ten days af[ter] the time named for such payment, the Corporation [may] bring suit against any delinquent for the amount [due] and called for, in any Court of competent Jurisdiction and recover the amount with two per cent interest thereon per month, and if the amount cannot be made on execution, or if said delinquent is out of the State, then the Corporation may by an order on their books, declare such stock forfeited to the corporation, with whatsoever amount may have been paid thereon, and no such delinquent after the forfeiture of his stock shall have a right to vote for directors, or receive any [di]vidend, on his, her, or their stock, until the Corporation is fully satisfied.

Sec. 8. The said President and Directors, shall have power to make and establish all such by-Laws, rules and regulations as shall be necessary and not inconsistant with the laws of this State, which may be necessary for the payment of or collection of the subscription to its stock, and the transfer of the

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same, and of Property that may in any other way [con]cern the management, and direction of the affairs of said [Company]

Sec. 9. If it should so happen that any election should not be made the day whereby the provisions of this act it should be made, the association shall not for that reason be dissolved, but said election shall be made may be [held on] any other day within sixty days thereafter, public [notice] being given, by putting up notices in three of the most public places in Greenville, or by publication in some newspaper of the state, by order of the President and Directors of said Company.

Sec. 10. This act shall be construed favourably in all courts of and places whatsoever, and shall be in force for the period of twenty Years and no longer.