cause books to be opened at such times and places
as they may direct, giving public notice thereof,
for at least twenty days in some newspaper print-
ed and published in Carroll county, for the pur-
pose of receiving subscriptions to the capital stock
of the said Company, which shall be divided into

shares of ten dollars each, and be limited to twen-
thousand shares, and that the corporation of the
city of Westminster are hereby authorized to sub-
scribe for said stock as they may deem proper, not
to exceed tea thousand dollars.

Number of
shares limited.

Sec. 3. And be it enacted. That so soon as five
hundred shares of the capital stock shall be sub-
scribed as aforesaid) the said seven persons, or a
majority of them, shall call a general meeting of
the stockholders at such time and place as they
may appoint, by giving at least twenty days no-
tice in some newspaper in Carroll county, and at
such meeting the stockholders shall elect a Presi-
dent and six Directors by ballot, to manage the af-
fairs of the Company. Each stockholder at every
election, and at every voting, shall be entitled to
have one vote for every share of stock owned by
him.

General meet-
ing of Stock-
holders to be
called,

Sec. 4. And be it enacted, That the President
and Directors for the time being, or a majority of
them, shall have power to call tor the payment of
the subscriptions to the capital stock as they may
deem necessary, under the penalty to the subscrib-
ers of forfeiting all previous payments; due no-
tice thereof, at least twenty days being given; to
appoint all officers and agents to manage the busi-
ness and affairs of the Company, to purchase and
lease property, and to erect thereon all suitable
buildings and works of the Company, to manufac-
ture Gas, and dispose of the same for the purpose
hereinbefore stated, or for other purposes, to exca-
vate the earth, and lay pipes for Gas in the said

President and
Directors---
power and du-
ty of.

city and its precincts; provided, no injury is
done thereby, to receive subscriptions for the whole
or any part of the capital stock remaining unsub-
scribed, in such manner, and at such times, as
they may deem proper, to make and pay over to
the stockholders from time to time, dividends of
the net profits of the said Company, to make rules,
regulations and by-laws for the government of the

Proviso.