the subscribers to said capital stock, their success-
ors and assigns shall be and they are hereby de-
clared to be incorporated into a Company, by the
name of the Frederick and Pennsylvania line Rail
Road Company, and by that name shall be capa-
ble in law of purchasing, holding, leasing, selling
and conveying estates, real, personal and mixed,
so far as shall be necessary for the purposes here-
inafter mentioned and no further, and shall have
perpetual succession by said corporate name, may
sue and be sued, plead and be impleaded, answer
and defend in any Court in this State, and
may have and use a common peal which
they shall have power to alter or renew at
their pleasure, and shall have, enjoy and may ex-
ercise all the powers, rights, and privilege which
are necessary for the purposes mentioned in this
Act.

Sec. 3. And be it enacted, That upon every
such subscription there shall be paid to said Com-
missioners or their agent or agents, appointed to
receive such subscriptions, such instalments as the
President and Directors of said Rail Road herein-

Subscribers
to pay an in-
stalment.

after directed to be appointed, shall require; provi-
ded, that no payment shall be demanded until at
least thirty days public notice shall be given, in at
least one newspaper in the county in which said
payment shall be demanded, and should any sub-
scriber fail or neglect to pay any instalment or
any part of said subscription thus demanded, for
the space of sixty days next after the time the
same shall be deemed payable, said Company shall
be entitled to receive, sue for, and recover double
the amount of said instalment so demanded, with
interest thereon from the day of the demand, in
such manner as other debts and claims are now
recoverable by law; provided, the instalments so
demanded shall not exceed one-fifth of the value of
the share or shares subscribed.

Provisos.

Sec. 4. And be it enacted, That if the subscrip-
tions herein deemed necessary to the incorporation
of said Company shall not be obtained within three
years after the passage of this Act, all such sub-
scriptions under it shall be null and void, and the
said Commissioners, after discharging the expense
of opening the books, surveying the routes and
74

In case neces-
sary subscrip-
tions be not ob-
tained.