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Excerpt from An Act to Authorize the Formation of Railroad Associations, and to Regulate the Same: Approved February 24, 1853
If any stockholder shall neglect to pay any instalment as required by a resolution of the Board of Directors, the said board shall be authorized to declare his stock and all his previous payments thereon, forfeited for the use of the company; but they shall not declare it so forfeited, until they shall have carried a notice in writing, to’ be served on him personally, or by depositing the same in the. Post office.
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|Title||An ACT to Authorize the Formation of Railroad Associations, and to Regulate the Same: Approved February 24, 1853 (Classic Reprint)|