Copying Book: Secretary's Letters, 1860 (page 224)

224

As to voting by proxy -- : authorized in the Charter

The provisions as to Banks, ch. 57 Gen. Stat.
(p. 304) seem too cumbersome, and inapplicable to
a Corporation like this.

The provisions as to Insurance Companies, Ch. 58,
Sec. 27 (p. 323) are: "Each share shall be entitled to
one vote. Proxies may be authorized in writing. No
officer shall vote as proxy, and no stockholder shall
either in person or by proxy cast more than thirty
votes. The record of the vote, whether cast in person
or by proxy, made by the Secretary, or Clerk of the Company,
shall be evidence of all such elections." --

The provisions stating to Manuf^g & other Corpor-
ations organized under Special Charters are: --

Ch. 60, p.337 "At all meetings of the Company about stockholders may
vote by proxy authorized in writing: but no proxy shall be
valid unless executed and dated within six months previous
to the meeting at which it is used, if the maker thereof resides
in the U.S.; and no person shall as proxy or attorney cast
more than fifty votes, unless all the shares so represented
by him are owned by one person; and no office of the
Corporation as proxy or attorney shall cast more than twenty
votes." --

How far any of the foregoing provisions can be
made to suit the case of our Corporation, if they can
be made so at all, the Trustees must determine. --