Section 3

Section 3. The three persons just named in the letters patent of incorporation, shall, as soon as conveniently may be after sealing the same, give notice in one or more of the public newspapers printed in the counties of Northampton and Lehigh, of a time and place to be appointed, not less than twenty days from the time of issuing said notice, at which time and place the said subscribers shall proceed to organize the corporation, and shall choose by a majority of votes of the said subscribers, taken by ballot, to be delivered either in person or by proxy duly authorized, one president, four mangers, one treasurer, one clerk and such other officers as they may think necessary to conduct the business of the company during one year, and until other officers be chosen, and shall have power to make such by-by-laws, rules, orders and regulations not inconsistent with the constitution and laws of this state or of the United States, as may be necessary for the well ordering the affairs of the company: Provided always, That no stockholder shall have more than one vote for each share not exceeding five shares, and one vote for every two shares above five and not exceeding eleven, and one vote for every three shares above eleven and not exceeding twenty, and one vote for every five shares above twenty: Provided also, That no person shall have more than twenty votes at any election or in determining any question arising at such meetings, whatever number of shares he may have subscribed.