ment on the back of the beach bank, thence same course south 0° 45' 56.44" east to the sea."

SEC. 2. All acts and parts of acts inconsistent herewith are hereby repealed, and this act shall take effect upon its passage.

ACTS

OF A

Local and Private Hature,

INCLUDING

ACTS OF INCORPORATION.

AN ACT TO INCORPORATE THE 'BAILEY BEACH ASSOCIA- Passed Feb. 5,

TION."

It is enacted by the General Assembly as follows:

SECTION 1. Robert Goelet, Henry A. C. Taylor and I. Townsend Burden, and their associates and successors are hereby created a corporation by the name of the Bailey Beach Association, for the purpose of buying, selling, leasing, holding and improving real and personal property, bathing privileges and other rights and of undertaking such measures as may promote the welfare of the city of Newport as a resort for summer residents and owners of cottages, and for the transaction of any business connected therewith or incidental thereto, with all the powers and privileges and subject to all the duties and liabilities, set forth in Chapter 177 of the General Laws, and of all acts in amendment thereof and in addition thereto.

SEC. 2. The said corporation shall have power to make and ordain such constitution and by-laws not repugnant to the constitution and laws of this state

1897.

and of the United States as it may think proper and the same to modify and repeal at pleasure, to take, hold and convey real and personal property to an amount not to exceed two hundred thousand dollars, and which real and personal property may be divided into such number of shares and of such amount as may be determined from time to time by said corporation, and which shall be deemed personal property and be transferred as such according to such rules and conditions as the said constitution and by-laws of said corporation may prescribe.

SEC. 3. No stockholder shall sell or transfer his stock or any portion thereof without first giving said corporation the right to purchase the same at the lowest price for which he is willing to sell such stock, and said corporation may provide by by-laws in what way such right of pre-emption shall be exercised by said corporation.

SEC. 4. This act shall take effect from and after its passage.

Passed Feb. 5, 1897.

AN ACT TO INCORPORATE THE SPRAGUE LAND COMPANY.

It is enacted by the General Assembly as follows:

SECTION 1. Charles H. Sprague, Henry S. Sprague and Frank E. Sprague, their associates and successors, are hereby made a corporation by the name of "The Sprague Land Company," for the purpose of holding, using, improving, buying, selling and managing real estate, with all the powers and privileges, and subject to all the duties and liabilities, set forth in Chapter 177 of the General Laws, and in any acts in amendment thereof or in addition thereto.

SEC. 2. The capital stock of this corporation shall be a sum not exceeding one hundred thousand dollars, and may be divided into such number of shares and of such par value, and may be increased or reduced as said corporation shall from time to time by its vote or by-laws prescribe, within the limits above specified,

SEC. 3. The stock or shares of each and every stockholder shall be pledged and liable to the corporation for all debts and demands due and owing from such stockholder to the corporation, whether overdue or due at a future day, and whether arising from assessments or installments, 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 corporation may by by-laws prescribe; and in case the proceeds of such sale shall be insufficient to satisfy such debts or demands, with the incidental expenses of sale, the corporation may have its action against the debtor for the balance due.

SEC. 4. No stockholder shall transfer his stock or any part thereof, without first giving the corporation in writing the refusal of the same for ten days at the lowest price for which he will sell the same.

SEC. 5. Said corporation shall have a place of business in the city of Providence.

SEC. 6. This act shall take effect from and after its passage.

AN ACT TO INCORPORATE THE THOMAS BURGESS ESTATE Passed May 14, 1'897. COMPANY.

It is enacted by the General Assembly as follows:

.

SECTION 1. Edward P. Burgess, Emily R. Kingsbury, George B. Pierce, and Henry R. Storrs, their associates and successors are hereby made a corporation by the name of The Thomas Burgess Estate Company for the purpose of acquiring, holding, managing, platting, improving, leasing, selling, and otherwise dealing in real estate, and by that name shall have all the powers and privileges and be subject to all the duties and liabilities set forth in Chapter 177 of the General Laws of Rhode Island and of any act in amendment thereof or in addition thereto.

SEC. 2. The capital stock of said corporation shall be one hundred and fifty thousand dollars and may be increased from time to time to four hundred and fifty

thousand dollars and shall be divided into shares of one hundred dollars each.

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 such stockholder to the corporation, and whether over due or due at a day future and whether arising from instalments or in any other manner: and said stock or shares may be sold for the payment of such debts in such manner as the by-laws of the corporation shall prescribe; and in case the proceeds of such sale shall be insufficient to discharge such debts or demands, with incidental expenses, the corporation may have their action against the debtor for the balance due.

SEC. 4.

At all meetings of the corporation each share of stock shall be entitled to one vote.

SEC. 5. Every conveyance of land made by said corporation shall be under its seal, executed by its treasurer and by him acknowledged as the deed of the corporation.

SEC. 6. The annual meeting of the corporation for the election of officers shall be held at its place of business, which shall be in the city of Providence.

SEC. 7. This act shall take effect on and after its passage.

Passed May 21, AN ACT TO INCORPORATE THE DAY BUILDING AND LAND COMPANY.

1897.

It is enacted by the General Assembly as follows:

SECTION 1. Henry G. Day, Charles R. Day, Addie D. Eames, their associates and successors are hereby made a corporation by the name of the Day Building and Land Company, for the purpose of acquiring, holding, improving and conveying real estate and personal property and for the transaction of any business connected therewith or incidental thereto, with all the powers and privileges and subject to all the duties and liabilities set forth in chapter 177 of