of said Company which is hereinafter provided for,
after which should the said Company not obtain
subscriptions to said capital stock sufficient to com-
plete said Turnpike road, then the said Company
shall have power to issue coupon bonds of the said
Company for such an amount as may be necessary
to complete said road, said bonds to be a lien on
said Turnpike road and a preferred debt, to be
paid as soon as the net profits of the road will
liquidate and fully pay the same, with the privi-
lege to the said Company at any time before ma-
turity, to redeem any of such bonds as may be of-
fered for redemption.

Books to be
opened.

Sec. 4. And be it enacted. That for the making
of said road, the aforesaid corporators or any three
of them are hereby required on the first Monday
in April next, or as soon thereafter as practicable,
and at such place or places as they may judge best,
to open a book or books for subscription to the capi-
tal stock of fifty thousand dollars in shares of
twenty-five dollars each.

Notice to be
given.

Sec. 5. And be it enacted, That when subscrib-
ers to said stock amounting to two hundred shares
shall have been obtained, a majority in value of
the subscribers shall give notice by handbills, set
up in three or more conspicuous places on the line
of said contemplated road, ten days previous there-
to, of the time and place for the subscribers to
meet for the purpose of organizing said corpora-
tion, and the said subscribers shall at such time
and place choose by ballot, by a majority of votes
of those present, a President and seven Directors,
tour of whom shall be a quorum for the transac-
tion of business, and the said subscribers shall al-
so at such meeting, elect a Treasurer and such
other officers as they shall deem necessary for con-
ducting the affairs of said Company; all of which
said officers shall hold their respective offices un-
til the second Monday in March next ensuing their
election, and until their successors shall be elected
and shall enter upon the duties of their office, and
at all elections each stockholder shall he entitled
to one vote for each share of stock held by him,
not exceeding twenty votes in all, and each stock-
holder shall be entitled to one vote in person or
by proxy.