Chap. 0150 AN ACT relative to the fifty associates, a massachusetts corporation.

Be it enacted, etc., as follows:

Section 1. Fifty Associates, incorporated under the name of The Proprietors of Museum Hall by an act approved February twenty-first, eighteen hundred and twenty, entitled "An Act to incorporate The Proprietors of Museum Hall, in the Town of Boston", whose name was changed to its present one by an act approved June twelfth, eighteen hundred and twenty-three, entitled "An Act in addition to an Act, entitled 'An Act to incorporate the Proprietors of Museum Hall, in the Town of Boston'", shall have a board of not less than three directors to be elected annually by ballot by the stockholders, and such officers as it may by its by-laws authorize.  The board of directors may exercise

all the powers of the corporation except such as are by law, other than the acts hereinabove mentioned, or by its bylaws conferred upon the stockholders. Without limiting the foregoing, the board of directors shall have power to purchase or otherwise acquire real estate or interests in real estate for the corporation and to sell, lease, manage, improve, build, rebuild, demolish, alter, exchange, dispose of and otherwise deal in or with property of the corporation and to mortgage or pledge the same to secure payment of its debts. There shall be an annual meeting of the stockholders of the corporation. The corporation may by vote of a majority of the shares outstanding and entitled to vote adopt by-laws and regulations consistent with law for its own government, the due and orderly conduct of its affairs and the management of its property, including determination of any or all matters which corporations subject to chapter one hundred and fifty-five and chapter one hundred and fifty-six of the General Laws may determine by their by-laws. At all meetings of the stockholders of the corporation for the transaction of business, stockholders shall have one vote for each share of stock owned by them, and the limitation provided in section six of said act approved February twenty-first, eighteen hundred and twenty, shall no longer apply, and all votes of the stockholders shall be determined by the number of shares and not by the number of stockholders notwithstanding any provision of either of said acts hereinabove mentioned.

Section 2. This act shall take effect upon its acceptance by the stockholders of said corporation in the manner provided by section three of chapter one hundred and fifty-six of the General Laws, and the filing in the office of the state secretary, on or before December thirty-first in the current year, of a copy of the vote of acceptance approved by the commissioner of corporations and taxation as provided in said section. Approved March 81, 1941'.