ever, for the purpose of transacting the business of a savings bank, in the town of Griswold, in the county of New London, in this state, as such business now is or hereafter shall be authorized and defined by the statute laws of this state.

SEC. 2. The said corporation shall be and hereby is vested with the power of making and carrying into effect such bylaws, rules and regulations as they may deem expedient for the proper management of their affairs: provided, that nothing in said by laws shall conflict with the constitution or laws of this state, or of the United States; and may adopt a common seal, which may be changed and renewed at pleasure. All deeds, conveyances, grants, covenants and agreements, made by their treasurer or by any other person, by their authority and direction, according to the by laws of this institution, shall be good and valid; and said corporation shall, at all times, have power to sue and be sued, may defend, and shall be held to answer by the name, style and title aforesaid.

SEC. 3. Said corporation shall be capable of receiving from any person or persons, company or corporation, disposed to obtain and enjoy the advantages of said corporation, any deposit or deposits of money, not to exceed the sum of one thousand dollars ($1,000), from any individual, company or corporation, in any one year, and to use and improve the same for the purpose, and according to the discretion, hereinafter provided.

SEC. 4. All deposits of money, received by said corporation, shall be used and improved to the best advantage, by loaning not less thah three-fourths (3-4) of the amount of deposits actually received, on the mortgage of unencumbered real estate, situated within the limits of this state, the estimated value of which shall be double the amount of the loan secured thereon in each case, and the remaining deposits received by said corporation, and not so loaned as aforesaid, may be invested in the purchase of such real estate as the wants or convenience of said corporation may require for a banking house, in addition to such as may be conveyed to said corporation for security, or in the payment of debts, or so far as now is or hereafter shall be authorized by the laws of this state, in the purchase of the stock of any of the banks of this state, or any public stocks or bonds of the United States, or of any of the New England states, of the state of New York, Pennsylvania, New Jersey, Ohio, Kentucky, Michigan, Indiana, Illinois, Wisconsin or Iowa, or of any of the incorporated cities or boroughs of this state, or loaned on undoubted personal security, in any manner not inconsistent with the laws of this state, or of the United

States: provided, that said stocks or bonds may be sold, from time to time, to such an amount as will meet the demands of depositors, or promote the interests of said corporation; and the income or profits of said corporation shall be divided among the persons making the deposits, their executors or adminis trators, in just proportion with such reasonable deduction as may be chargeable thereon; and the principal of such deposits may be withdrawn by the owner or owners thereof, or by any other person or persons, duly authorized for that purpose, on giving notice of such intention in writing, and lodging the same with the treasurer of said corporation, at least three months previous to withdrawing such deposit or deposits.

SEC 5. Said corporation shall, at their annual meeting, have power to elect, by ballot, any other person or persons to be members of said corporation, and shall so elect whenever the members of said corporation shall be reduced to twenty. five: provided, however, that no person so elected shall become a member of said corporation until he shall assent thereto by a written declaration; by him subscribed, on the books of said savings bank.

SEC. 6. A meeting of the members of said corporation shall be held annually, at the village of Jewett City, in Griswold, some time in the month of July, and at such other times as said members may judge expedient, and any seven members of said corporation, the president, vice-president, treasurer or secretary being one, shall be a quorum; and said corporation, at their annual meeting, shall have power to elect and choose a president, vice-president, secretary, trustees, and all such other officers as shall to them appear necessary, which officers, so chosen, shall continue in office one year, and until others are chosen in their places; and all officers, so chosen, shall be under oath to the faithful performance of the duties of their offices, respectively.

SEC. 7. No officer of said corporation shall be the hirer or borrower, or surety for any hirer or borrower, of any portion of the funds of said corporation; and no president, vice president or trustee of said corporation shall be entitled to, or receive, any compensation for his services.

SEC. 8. Thomas L. Shipman, James O. Sweet, Alfred A. Young and Hezekiah L. Reade, or any two of them, are hereby authorized to call the first meeting of said corporation, by causing a written or printed notice of the same to be left with, or at the usual place of abode of, each member of said corporation, stating the time and place of said meeting, at least seven days before it is to be held; and said meeting shall be held at some place in the town of Griswold.

SEC. 9. It shall be the duty of the president and trustees of said corporation to make an annual report to the general assem bly, containing a statement of the amount of deposits, and of the dividends declared and made by said corporation, for the preceding year.

SEC. 10. Said corporation shall be subject to the provisions of all the public acts of this state, relating to savings banks. SEC. 11. This act shall take effect from and after the day of its passage.

SEC. 12. This resolution may be altered, amended or repealed, at the pleasure of the general assembly. Approved, June 11th, 1873.

[House Joint Resolution, No. 39.]

[18.]

EXTENDING THE TIME FOR THE CONSTRUCTION OF THE DERBY AND WOODBURY RAILROAD.

Resolved by this Assembly: That the time limited by the charter of the Derby and Woodbury Railroad Company, for the construction of said railroad, be, and it is hereby extended for five years from the rising of this assembly. Approved, June 11th, 1873.

[19.]

INCORPORATING THE ONECO QUARRY COMPANY.

Upon the petition of Amasa Sprague and William Sprague, praying for a grant of certain corporate rights, as per petition on file. This assembly having considered the allegations in said petition, and having found the same to be true; therefore,

Resolved by this Assembly: SECTION 1. That Amasa Sprague and Will am Sprague, together with such person or persons as are now, or shall hereafter become associated with them, be, and they hereby are, with their successors and assigns, constituted a body politic and corporate, by and under the name of "The

Oneco Quarry Company," for the purpose of quarrying, working, and dressing granite and other stones, and selling, and disposing of the same, and for conducting such mercantile business as may be convenient in connection therewith, and by that name they and their successors and assigns be and hereby are authorized and empowered to purchase, take, hold, and enjoy to them, their successors and assigns, any goods and chattels, and effects of whatever kind soever, and also to take, hold, cupy, and enjoy any lands, tenements, or hereditaments in the county of Windham, that shall be necessary and convenient to carry on the said business of said corporation, and the same, or any part thereof to sell and convey, and dispose of at pleasure, and also to sue and be sued, plead and be impleaded, to defend and be defended, answer and be answered, in any court of record or elsewhere. And said corporation may have and use a common seal, and may alter the same at pleasure.

SEC. 2. Said corporation is also hereby authorized and empowered to locate, construct, and fully complete a single, double, or treble railroad, or way from a point at or near the quarry of the said Amasa and William Sprague, in the town of Sterling, in said Windham county, and thence easterly and northerly about four thousand feet, to a point in the southerly line of lands of the Hartford, Providence and Fishkill railroad, in said town of Sterling, about three thousand feet westerly from the Oneco station house on said railroad. And said corporation shall have power to equip, maintain, use and enjoy said railroad when built, and to take, transport, and convey the products of their said quarry, and the supplies for the same, on said railroad by the force and power of steam, of animals, or other power, and to use the same for any and all other purposes necessary or convenient in conducting the business of said corporation, or in working their said quarry, and to lease the said railroad to the said Hartford, Providence and Fishkill railroad company, their successors and assigns.

SEC. 3. For the purpose of carrying out the last preceding section of this act, said corporation shall have all the powers conferred upon railroad corporations by chapter seven of the statute entitled "An Act concerning Communities and Corporations," and of the other statutes in addition to or in alteration of said statute.

SEC. 4. The capital stock of said corporation shall be one hundred thousand dollars, with liberty to increase the same from time to time to an amount not exceeding two hundred thousand dollars, to be divided into shares of one hundred dollars each,

which shares shall be deemed to be personal property, and be transferable upon the books of said corporation in such manner as its by-laws shall prescribe; and said corporation may organize and go into operation when and as soon as three quarters of said stock shall be subscribed for and taken.

SEC. 5. The stock, property, and affairs of said corporation shall be managed by not less than two nor more than five directors, to be chosen by the stockholders, one of whom shall by said directors be appointed president of said corporation, and said directors shall hold their offices for one year, and until others are chosen in their places; said directors shall be stockholders, and shall be annually elected at such times and places as shall be prescribed by the by-laws of said corporation. A majority of the directors shall in all cases form a quorum, and constitute a board for the transaction of business, and a majority of the stockholders at any legal meeting, shall be capable of transacting the business of such meeting, each stockholder to be entitled to one vote for each and every share of stock owned and held by him, to be given in person, or by lawful proxy. The first meeting of the said corporation may be called by the cor porators named in the first section of this act, at such time and place, and upon such notice as said corporators shall deem reasonable.

SEC. 6. The president and directors for the time being, or the major part of them, shall have power to fill any vacancy that may happen in their board by death, resignation, or otherwise, for the current year, and to appoint and employ a superintendent, secretary, and treasurer, and such other officers, mechanics, and laborers, as they may think proper for the transaction of the business and concerns of said corporation; and may require from the treasurer and other officers, sufficient security by bond or otherwise, for the faithful performance of his or their duties, and also to make and establish, from time to time, such by laws, rules and regulations, not inconsistent with the laws of this state, or of the United States, as they shall deem expedient for the management of the affairs of said corporation, and the same to alter, amend, and repeal; and said directors shall and may, as often as the interests of the stockholders and the affairs of said corporation will warrant, declare a dividend or dividends of profits on each share of said capital stock, which shall be paid by the treasurer of said corporation.

SEC. 7. If it shall so happen that an election of directors shall not be made on any day designated for that purpose by the by-laws of said corporation, said corporation shall not for that cause be deemed to be dissolved, but such election may be