elected shall choose one of their own number president, and said president and directors shall have authority to appoint a secretary and treasurer, and such other agents and employés as the interests of the corporation demand, and to take bonds with such good and sufficient security for the faithful performance of their duties, as they may think just and proper.

SEC. 9. The office of said company shall be located in the city of Indianola, and all meetings of directors and stockholders for the transaction of business, shall be held in said city. After the first election of directors and choice of president as aforesaid, the said directors shall be elected, and president chosen annually, on the first Monday of May, as aforesaid; and if, from any cause, the election shall not be held on that day, it may be held as soon thereafter as practicable. Whenever the stockholders shall have elected directors, and said directors shall have chosen a president, and appointed a secretary and treasurer, then the said commissioners shall deliver the books of said company to the aforesaid president and directors, and shall also pay to the said treasurer all funds and amounts received, whether by subscription to stock, donation, or otherwise, for the use of said company, reserving a reasonable amount for their services for transacting the business of the company.

SEC. 10. The directors shall have the power to call on the stockholders from time to time, for such amount or instalments of the stock held by them, as said directors shall deem expedient and proper for the interest of said company, and any stockholder who shall fail to pay the amount of the call, after notice of thirty days served on him in writing, shall forfeit his right to hold said stock, and the directors shall sell the same, after twenty days' advertisement in a newspaper published in said city. Should any stockholder desire to withdraw from said company, he or she may sell his or her stock, and have it transferred on the books of said company, and thereby be released from all responsibility as stockholders therein, for any losses the company may sustain, after the transfer shall have been made and recorded, and he or she shall be debarred from any benefits or profits thereafter. The stock or shares in said company shall be personal property, and transferable by assignment entered on the books of the company, and each stockholder shall be held liable only for his or her amount of stock owned therein.

SEC. 11. The directors shall call the stockholders together whenever the interest of the company require it. Said directors shall discharge their duties until their successors are elected and installed, and shall have power to fill vacancies that may occur by resignation or otherwise, from time to time, until the regular elec

tion to fill such vacancies. A majority of the stockholders shall concur in any proposition to dissolve the company before said proposition shall be acted on. The said company are authorized to transfer stock in said company in payment of dues thereof for work done or materials furnished to the company, for the advancement or completion of the object for which this charter is granted.

SEC. 12. All the rights, powers and privileges granted in this act shall continue in force for twenty-five years from and after the passage thereof. The channels, canals and other works enumerated in this act shall be commenced within two years from the first day of July, A. D. 1871, and be completed within four years thereafter. There shall be nothing construed in this act, so as to grant banking privileges.

SEC. 13. This act shall be in force and take effect from and after its passage, and all acts or parts of acts inconsistent herewith are hereby repealed.

Approved December 1, 1871.

AN ACT TO

CHAPTER CVIII.

INCORPORATE

THE MARSHALL

SALAMANDER FIRE

COMPANY NUMBER ONE, OF THE CITY OF MARSHALL, TEXAS.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That J. H. Van Hook, W. W. Hartsill, J. F. Naendell, J. F. Starr, Charles Henrick, J. B. Hubbard, G. W. Coit, and their associates and successors, be and they are hereby constituted a body' corporate and politic, under the name and style of the Salamander Fire Company No. 1, of the city of Marshall, with power to sue and be sued, plead and be impleaded; to appear and prosecute to final judgment in any court of this State; to have a common seal, with such device as they may adopt; to elect, in whatever manner they may choose, the officers necessary to command them; to establish by-laws for their government and regulation of their affairs, not inconsistent with the Constitution and laws of this State, and the same to alter and amend at pleasure; and to hold real and personal property, and to dispose of the same; provided, that such real estate and personal property shall not at any time exceed twenty thousand dollars in value, and that said company shall ever exceed sixty men, rank and file.

SEC. 2. That the active members of said company shall be exempt from jury service, except in felony cases, and from militia duty, except in times of insurrection, rebellion or war.

SEC. 3. That said company shall have power by their constitution and by-laws, to try all violations of their ordinances agreed upon by a majority of the members of said company; to expel, or fine, not exceeding ten dollars, those members violating the constitution and by-laws of said company.

SEC. 4. That this act take effect from and after its passage, and remain in force for the term of twenty-five years. Approved December 1, 1871.

CHAPTER CIX.

AN ACT TO AMEND AN ACT ENTITLED AN ACT TO INCORPORATE THE
ISLAND CITY REAL ESTATE AND HOMESTEAD ASSOCIATION, OF
GALVESTON.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That the Island City Real Estate and Homestead Association is hereby created a Savings Bank and Trust Company, and, in addition to the powers granted by the act of incorporation, approved June 24, 1870, may have, enjoy and exercise all the powers necessary to carry out and execute all the purposes of a savings bank and trust company.

SEC. 2. The business and object of this corporation, under this amendment, shall be to receive, on deposit or in trust, such sum or sums of money as may, from time to time, be offered therefor by tradesmen, merchants, clerks, laborers, servants and others, to be repaid to such depositors, when required, at such times, with such interest, and under such regulations as the board of directors may from time to prescribe, which regulations shall be posted up in some conspicuous place in the business room of said corporation.

SEC. 3. This corporation may loan money according to the Constitution and laws of the State, upon such security, either real or personal, as the directors may deem sufficient. It may borrow money, buy and sell exchange, bullion, notes, stocks and other securities.

SEC. 4. The stockholders and depositors may, at any time, investigate the condition of the Association. And at the request of

any three stockholders or depositors, in writing, the President shall appoint a committee of two stockholders and three depositors, whose duty it shall be to examine the assets and condition of said corporation, and publish their report upon said examination for the information of all concerned.

SEC. 5. The said corporation may issue certificates of deposit in such form as may be agreed upon by the board of directors. Such certificates are to be issued only at the request of a depositor, and shall be redeemed on presentation at the office of said corporation.

SEC. 6. When any deposit is made to said corporation by a minor, or by a female, being or hereafter becoming a married woman, the said corporation may pay such depositors any sums of money due to them, and their receipt or acquittance shall be a legal discharge to said corporation therefor.

SEC. 7. This act shall be deemed a public act, of which all courts and magistrates shall officially take notice, and shall take effect on and after its passage. Approved December 1, 1871.

CHAPTER CX.

AN ACT TO INCORPORATE THE LIBRARY BUILDING ASSOCIATION OF GALVESTON.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That the subscribers of the moneys heretofore paid in under the auspices of the Galveston Chamber of Commerce, in pursuance of an undertaking known as the Founders' Library Fund of the Galveston Mercantile Library, to-wit: F. A. Anderson, J. L. Anderson, E. L. Anderson, D. D. Atchinson, E. T. Austin, W. P. Ballinger, W. T. Beers, C. S. Beissner, jr., J. Bernstein, L. Block, L. Blum, Geo. Bondies, C. E. Broussard, I. M. Brown, J. Buckley, H. Burns, Chs. Fowler, H. Frauenfeld, J. Fredrich, R. L. Flulton, R. F. George, T. Goggan, I. C. Gorham, L. Hill, A. M. Hobby, J. F. Huffinaster, W. F. Brittingham, Geo. Butler, F. N. Camp, I. H. F. Champman, R. Clark, J. P. Cole, A. C. Crawford, P. Dargan, J. Davidson, J. P. Davis, B. R. Davis, S. B. Davis, H. Duble, C. N. Eley, G. W. Emboy, I. Fock, J. Gottschalk, G. W. Grover, F. Half, J. W. Harris, J. P. Harrison, S. Heidenheimer, P. Hennessy, J. Sorley, J. Stancel, O. Steele, C. R.

Hughes, R. J. Hughes, C. W. Hanley, T. H. Hutchings, T. M. Jack, G. B. Jewell, J. W. Jockusch, C. H. Jordan, T. M. Joseph, J. Kauffman, M. Kopperl, J. Reymerschoffer, J. S. Rhea, J. W. Rice, Chs. E. Richards, S. Rinker, J. D. Rogers, P. H. Rose, H. Rosenberg, J. B. Root, J. G. Rost, L. Schnierder, G. Sealy, J. S. Sellers, W. H. Sellers, D. C. Stone, H. J. Labbatt, J. W. Lang, N. O. Lanoe, T. J. League, C. B. Lee, R. Levy, F. R. Lubbock, A. P. Lufkin, T. D. Lufkin, A. T. Lynn, S. Maas, C. M. Mason, J. M. McDonald, A. C. McKeen, T. H. McMahan, J. H. Metcalf, W. L. Moody, C. H. Moore, A. Muckle, P. Neil, G. B. Nichols, N. Ortleib, V. B. Poole, E. Randall, J. M. Seymour, W. A. Shelton, I. C. Smith, H. Reyband, J. S. Trasher, J. S. Vedder, H. Range, T. Ratto, G. Ranger, E. Van Harten, C. Wynne, E. L. Wood, F. K. Sturgis, M. Strickland, W. Terry, R. M. Trevis, A. B. Tronell, T. Vogel, jr., Thos. Wagner, I. C. Wallis, W. Walker, R. S. Willis, J. Holstone, I. B. Woodyard, N. B. Yard, and those whom they may hereafter associate with them, be and they are hereby incorporated under the name and style of the Galveston Library Building Association, and they and their successors are constituted a body public and corporate, with power to purchase, hold, improve, sell and convey any estate, real, personal or mixed; to make contracts; to sue and be sued; to loan money, and otherwise invest their funds in such safe and judicious manner as the trustees hereinafter provided for, may determine; to borrow money upon pledges of their real estate; to make rules, regulations, bylaws and ordinances for the management, direction and control of said corporation, and to have, employ and exercise all the rights, power and privileges pertaining to corporate bodies, necessary for the object and purpose of this act, and not in contravention of the Constitution and laws of the State of Texas.

SEC. 2. The object of the Library Building Association is to provide a permanent, secure and spacious building for the deposit and safe keeping of the books, records, educational apparatus, art collections and other acquisitions of the library departments of the Galveston Chamber of Commerce.

SEC. 3. The officers of the association shall consist of seven trustees, of whom the President of the Galveston Chamber of Commerce shall be ex officio one, and six shall be annually elected from among the shareholders. The board of trustees shall have power to fill vacancies in their board during the term for which they were elected, and shall elect a president from among their own number, and such other officers as may hereafter be provided for in the bylaws, regulations and ordinances of the association.

SEC. 4. The capital stock of the association shall be fifty thou