interest not exceeding seven per cent. per annum, or interest payable in gold, payable semi-annually; which said bonds shall be transferable; shall be sealed with the seal of said company, and signed by the president and treasurer thereof. And for the security of the payment of said bonds, said company is hereby authorized and empowered to execute a mortgage deed to any person or persons, or trustees of the franchise of said company, and of the whole or such portion as the directors of said company shall deem proper or sufficient, of all lands, tenements and hereditaments belonging to said company, of the bed of its road, iron rails and other fixtures connected with the superstructure of said road, cars, engines, and also all the rents, income and profits which may be derived from the use of its said road.

AN ACT IN AMENDMENT OF AN ACT INCORPORATING THE SAVINGS BANK OF NEWPORT, AND OF THE SEVERAL ACTS IN AMENDMENT THEREOF, OR IN ADDITION THERETO.

It is enacted by the General Assembly as follows:

SECTION 1. The sum which may be received by said corporation and remain under its management, may be increased to, but shall not exceed the sum of three millions of dollars.

SEC. 2. Said corporation shall have power to refuse any deposit at their pleasure.

SEC. 3. This act shall take effect on its passage, and all acts or parts of acts inconsistent herewith, are hereby repealed.

AN ACT IN AMENDMENT OF AN ACT TO INCORPORATE THE PORTSMOUTH MINING COMPANY.

It is enacted by the General Assembly as follows:

SECTION 1. Sections four, five and six of the act to incorporate the Portsmouth Mining Company, are hereby repealed.

SEC. 2. Said corporation shall have an office in the town of Portsmouth; and in all proceedings in law or equity, the leaving an attested copy of the writ, sum

mons, or other process with the clerk, agent, or treasurer, or at such office or place of business, shall be a sufficient service thereof.

AN ACT IN AMENDMENT OF AN ACT ENTITLED "AN ACT TO INCORPORATE THE WESTERLY RIFLE COMPANY."

It is enacted by the General Assembly as follows:

SECTION 1. Article four of said act is hereby amended by striking out the words "four times in the year," and inserting in their place," twice in the year."

SEC. 2. So much of said act to which this is an amendment, as is inconsistent herewith, is hereby repealed.

AN ACT IN AMENDMENT OF AN ACT ENTITLED "AN ACT TO INCORPORATE THE FIRST INDEPENDENT BAPTIST SOCIETY IN PAWTUCKET, IN NORTH PROVIDENCE."

It is enacted by the General Assembly as follows:

SECTION 1. The first section of the act of which this is an amendment, is hereby amended by striking out of said section, the words "twenty thousand dollars," and inserting instead thereof, the words "forty thousand dollars."

SEC. 2. This act shall take effect from and after the passage thereof.

AN ACT IN AMENDMENT OF, AND IN ADDITION TO THE WICKFORD FIRE ENGINE CORPORATION.

It is enacted by the General Assembly as follows:

SECTION 1. The Wickford Fire Engine Corporation are hereby authorized and empowered to levy, assess and collect taxes for the support and keeping up of the fire department, upon all the property liable to taxation for town or state purposes within the corporate limits of the said company.

AN ACT IN AMENDMENT OF AN ACT ENTITLED "AN ACT TO INCORPORATE THE MILL STREET UNIVERSALIST SOCIETY, PAWTUCKET, RHODE ISLAND.”

It is enacted by the General Assembly as follows:

SECTION 1. The corporate name of said society shall hereafter be the High Street Universalist Society.

AN ACT TO INCORPORATE THE "MACHINIST TOOL COMPANY."

It is enacted by the General Assembly as follows:

SECTION 1. Joseph P. Manton, William H. Reynolds, Frank S. Manton, B. D. Thayer, O. Holden, John S. Parkis, their associates, successors and assigns, are hereby constituted and made a body corporate and, politic, by the name of the "Machinist Tool Company,' for manufacturing machinists' tools, and for other manufacturing purposes connected therewith, and by that name shall have perpetual succession; may make, have and use a common seal, and the same break, alter and renew at pleasure; and generally may do and execute all acts, matters and things which may be necessary to carry into effect the powers and privileges herein. granted.

SEC. 2. The capital stock of said corporation shall be twenty thousand dollars, with liberty to increase the same to the sum of fifty thousand dollars, to be divided into shares of five hundred dollars each; the shares in said capital stock are hereby declared to be personal estate, and shall be transferred by bill of sale, and recorded in the office of the treasurer of said corporation, in a book provided for that purpose.

SEC. 3. There shall be an annual meeting of said corporation holden in the city of Providence, on the first Monday in January in each year, for the choice of such officers as they may deem expedient, who shall respectively hold their offices during one year, and until others are chosen in their stead, unless removed by death, incapacity, or by a vote of the corporation; and at any legal meeting, said corporation may elect such officers as may be judged necessary; and may

declare any offices vacant, and fill any vacancies that may happen in any offices created by said corporation; and if said corporation should fail, from any cause or circumstance whatever, to hold their annual meeting on the day aforesaid, it shall not work a forfeiture of this charter, but the business of such meeting may be transacted at any legal meeting called for that purpose. Special meetings may be called in such manner as shall be prescribed by the by-laws of the corporation; and at all meetings of the corporation not less than a majority of the shares shall constitute a quorum for doing business, and all matters shall be decided by a majority of the votes present, allowing each stockholder, in person or by proxy, one vote for each share by him owned.

SEC. 4. The stock or shares of each and every stockholder shall be pledged and liable for all debts and demands due and owing from such stockholder to said corporation, whether over due or due at a day future, or whether the same shall arise from assessments or instalments, or in any other manner; and said stock or shares may be sold for the payment of such debts and demands, in such manner as the by-laws of the corporation may prescribe; and in case the proceeds of such sale shall be insufficient to discharge such debts and demands, with incidental expenses of sale, then the corporation may have their action against the debtor for the balance due.

SEC. 5. The officers of said corporation shall be a president, secretary and treasurer.

SEC. 6. Said corporation shall have a counting-room and place of business in the city of Providence, and in all proceedings in law or equity in which said corporation shall be a party, the leaving an attested copy of the writ, summons or other process with the treasurer, or at such place of business, shall be sufficient service thereof.

SEC. 7. Either of the persons named in the first section of this act is hereby authorized to call the first meeting of the stockholders, for organization and other business of the corporation hereby formed, at such time and place, and give such notice of such meeting as he may deem reasonable and proper.

SEC. 8. The liabilities of the members of this com

pany for the debts of the corporation, its officers and members, shall, in all respects, be subject to the provisions of chapters 125 and 128 of the revised statutes, and of all acts or parts of acts in amendment thereof, or in addition thereto.

AN ACT TO INCORPORATE THE BROWN & SHARPE MANUFACTURING COMPANY.

It is enacted by the Gemeral Assembly as follows:

SECTION 1. Joseph R. Brown, Lucian Sharpe, Frederic W. Howe, and Thomas McFarlane, their associates, successors and assigns, are constituted a body corporate, by the name of the Brown & Sharpe Manufacturing Company, for the purpose of manufacturing machinery, and working in iron and other materials, and for the transaction of other business connected therewith, and by that name shall have perpetual succession; to make, have and use a common seal, and the same to break, alter and renew at pleasure; with all the powers and privileges, and subject to all the duties and liabilities, set forth in chapters 125 and 128 of the revised statutes, and of any acts in amendment thereof or in addition thereto.

SEC. 2. The capital stock of said corporation shall be one hundred thousand dollars, to be divided into shares of one hundred dollars each. Said shares are hereby declared to be personal estate, and shall be transferred in such manner as shall be prescribed by the by-laws of said corporation; but no stockholder shall transfer his stock, or any portion of the same, without first giving. the corporation or some member thereof the refusal of the same, at the price for which he is willing to sell.

SEC. 3. The stock or shares of every stockholder shall be pledged and liable to the corporation for all debts and demands due and owing from any such stockholder to the corporation, and whether over due or due at a future day, and whether arising from instalments, or in any other manner; and said stock or shares may be sold for the payment of such debts and demands, in such manner as the by-laws of the corporation may prescribe; and in case the proceeds of such