school system in the State of Arkansas," approved the 11th of January, 1851, and an act "to authorize the sale of the sixteenth section for less than two dollars per acre, in certain cases," approved December 13th, 1850, so far as said acts refer, and apply to the counties of Union, Chicot, Desha, Drew, Sevier, Jefferson, Calhoun and Hempstead, in this State, be, and the same are hereby repealed. SEC. 2. Be it further enacted, That so much of the 145th chapter of the digest of the statutes of Arkansas, under the head of schools and school lands be, and the same is hereby revived within, and for the counties of Union, Chicot, Desha, Drew, Sevier, Jefferson, Calhoun and Hempstead, in this State. SEC. 3. Be it further enacted, That this act take effect and be in force from and after its passage. Approved 24th December, 1852. An act to incorporate the Van Buren Manufacturing Company. SECTION 1. Establishes the "Van Buren Manu- 3. Limits the capital stock to not less board to regulate and conduct the SECTION for the general welfare of the com pany. 7. Stockholders at general meetings to stockholders in December of each SECTION 1. Be it enacted by the General Assembly of the State of Arkansas, That a joint stock company for the purpose of manufacturing cotton and wool, may be established at Van Buren, Crawford county, by the name and style of "Van Buren Manufacturing Company;" and by that name and style, sue and be sued, contract and be contracted with, have and use a common seal, and change same at pleasure; and shall have power to purchase, take, possess and enjoy, all such lands, tenements, property, goods, chattles and effects, as may be required for the purpose of said corporation, and the same to grant, bargain, sell, alien, convey, demise, mortgage, charge, encumber and dispose of, at their will and pleasure. SEC. 2. Be it further enacted, That the capital stock of said company shall not be less than twenty-five thousand dollars, nor more than one hundred thousand dollars, to be raised by subscription, in shares of one hundred dollars each; for which purpose books of subscription may be opened under the superintendance of John Henry, Alfred Wallace, John Drennen, Ephraim Bishop, Joseph P. Warren and Jesse Turner, or any three or more of them, at such time and places as they may deem expedient; and so soon as the first mentioned sum shall have been subscribed for, the corporation may go into operation. SEC. 3. And be it further enacted, That the general meeting of said company shall be held at least once in every year, at such time and place as shall be perscribed by its by-laws. The presence of a majority of stockholders interested, in person or by proxy, shall be necessary to the transaction of business at such meeting; but a smaller number may adjourn from time to time. In all meetings of said company, the stockholders shall be entitled to a vote for each share, in person or by proxy. SEC. 4. And be it further enacted, That the officers of said company shall be elected at general meetings, and shall hold their offices for one year, and until their successors be appointed. They shall consist of a president, four directors, a treasurer, and such inferior officers and clerks as the company shall deem necessary. The president, directors and treasurer shall be stockholders; the presence of any three or more of them shall be sufficient for the transaction of business at the meetings of the board. In the absence of the president, the directors, or any three of them, may appoint a president pro tempore, out of their own number. SEC. 5. And be it further enacted, That the president, directors and treasurer shall constitute a board to regulate the affairs of the company. They shall have power to call special meetings of the stockholders, to supply vacancies among the inferior officers authorized by the company and to do all other acts and things touching the affairs of the company, that they may deem expedient for the interests of the stockholders; Provided, That the same be not contrary to the laws of the United States, or of this State. SEC. 6. Be it further enacted, That said company at its general meetings shall have power to make such by-laws and regulations for the government of its affairs as the said company may deem expedient; Provided, That the same be not contrary to the laws of the United States or of this State. SEC. 7. Be it further enacted, That the maximum amount of the capital stock of said company shall be determined by the stockholders, at the general meetings; and they may, from time to time, enlarge the capital stock of the company, by selling or causing to be sold, shares therein, at such times, in such manner, and to amount as they may direct, until the capital stock shall reach the amount of one hundred thousand dollars. SEC. 8. Be it further enacted, That the capital stock of said corporation shall be deemed personal estate, and shall be transferable upon the books of said corporation; and no part of said stock shall be withdrawn or refunded to the stockholders until all debts and liabilities of the corporation are fully paid; and said company shall, at all times, have a lien upon all the stock or property of the members invested therein, for all the debts due from them to said company. SEC. 9. Be it further enacted, That if any subscriber or stockholder shall fail to pay the amount of his subscription, or any installment thereof, when the same shall be required, according to the rules of the company, it shall be lawful for the company to recover the amounts due by action of debt, on motion, after ten day's notice in any court of record in this State. SEC. 10. Be it further enacted, That the ninth of December in each year, the directors shall submit to the stockholders of said company a written statement under oath or affirmation of said directors, showing the amount of capital stock paid in, the amount of all existing debts against the corporation, as well as the receipts, assets and expenditures of said corporation; and no dividend shall be declared or paid to the stockholders, except from realized net profits of said corporation; dividends of the net profits of the company, shall be made at such times and manner, as shall be determined by the by-laws; but the profits shall never remain accumulated for more than six months to an amount exceeding ten per cent. of the stock. SEC. 11. And be it further enacted, That this act shall continue in force thirty years, unless sooner altered, amended, or repealed by the legislature of this State. Approved 24th December, 1852. 6 An act to define specifically the law governing the management and disposition of Section sixteen, in Township thirteen, north of Range six, west. SECTION 1. Be it enacted by the General Assembly of the State of Arkansas, That the act of the General Assembly of this State, entitled "an act, for the election of school commissioners, and for the disposition of section sixteen, in township thirteen, north of range six west, approved, 28th December, 1840," and the act of the said assembly entitled "a supplementary act, to the act approved, 28th December, 1840," and which supplementary act was approved, December 18th, 1846. and also, the act passed by the same assembly, entitled an "act, supplementary to an act, supplementary to an act entitled an act, for the election of school commissioners, and for the sale and disposition of section sixteen, in township thirteen, north of range six west, and approved, December 20th, 1848," be, and the same are hereby declared to be the laws governing the control, management and disposition of said section sixteen, in township thirteen, north of range six west. SEC. 2. Be it further enacted, That said section sixteen, in township thirteen, north of range six west, be, and the same is hereby declared to be exempted out of the provisions of an act, entitled "an act, to amend the common school system in the State of Arkansas, approved, January 11th, 1851," and out of the provisions of all other general laws of that nature; and that all laws in conflict with the provisions of this act, be, and the same are hereby repealed, and that this act take effect and be in force from and after passage. Approved 27th December, 1852. An act to permit Guardians to hire out negroes at private hiring. SECTION 1. Empowers guardians to hire out slaves, the property of their wards at private hiring. 2. Guardians thus hiring out slaves to make report to probate court of the SECTION number so hired out, to whom and 3. This act in force from and after its passage. SECTION 1. Be it enacted by the General Assembly of the State of Arkansas, That guardians at law, having the custody and control of negroes, slaves for life, the property of their wards, shall not be required to hire the same out at public vendue, but may hire the same out at private hiring; observing, in all instances a due regard to the preservation and proper use of the property, and best interest of the ward. SEC. 2. That all guardians at law hiring out the negro or negroes, slaves for life, the property of their wards, at private hire, as provided for in the preceding section, shall make annual reports thereof to the probate court of the county, granting the letters of guardianship, stating therein the number of negroes hired out, to whom, for what time, and the price per month at which they were hired; which report shall be supported by the following affidavit, to wit: I, do solemnly swear that the statements made in the foregoing report, are true, to the best of my knowledge and belief; that in discharging the duties incumbent on me as such guardian in hiring the negro, (or negroes) of my wards' estate, I have consulted alone the best interest of my ward, (or wards,) so help me God. SEC. 3. That this act take effect from and after its passage. Approved, 29th December, 1852. An act to provide for a correct publication of the Laws. SECTION 1. Secretary of State to certify to correctness of printed laws, resolutions and memorials. 2. Does away with the signatures of the President of the Senate, Speaker of the House and Governor to the SECTION printed laws. 3. Public printer to furnish the Secretary with proof sheets, and assist him to compare the same with original. 4. One half iuch to be the space between each printed law. SECTION 1. Be it enacted by the General Assembly of the State of Arkansas, That it is hereby made the duty of the Secretary of State to insert his certificate in the pamphlet containing the printed laws, joint resolutions, memorials &c., that the laws thus printed are "correct copies of the original on file in his office." SEC. 2. Be it further enacted, That in printing the laws, the signatures of the Speaker of the House of Representatives, President of the Senate, and Governor shall not be inserted; but simply the date of the approval at the close of each law. SEC. 3. Be it further enacted That the public printer is hereby required to furnish the Secretary of State at his office, with a proof sheet of each form of the laws, in their course of publication, and to assist the Secretary of State in comparing the printed with the original copy. SEC. 4. Be it further enacted, That the blank space between the laws, resolutions, &c., and that between the proceedings of |