real, personal and mixed, so far as shall be neces-
sary for the purposes hereinafter 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 of this State, and may have and use a
common seal, which they shall have power to
alter or renew at their pleasure, and shall have,
enjoy, and may exercise, all the powers, rights
and privileges which are necessary for the pur-
poses mentioned in this Act.

Sec. 3. And be it enacted. That upon any such
subscription there shall be paid to said Commis-
sioners or their agent or agents appointed to
receive such subscriptions, such installments as
the President and Directors of said railroad here-
inafter directed to be appointed shall require;

Instalments.

provided, no payment shall be demanded until at
least thirty days public notice shall have been
given in at least one newspaper in the county in
which said payment shall be demanded, and one
newspaper in Baltimore city; and should any
subscriber fail or neglect to pay any installment
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 installment so demand-
ed, with interest thereon from the day of the
demand in such manner as other debts and claims
are now recoverable by law; provided, the install-
ments so demanded shall not exceed one-fifth of
the value of the share or shares subscribed.

Provisos.

Sec. 4. And be it enacted, That it the subscrip-
tions herein deemed necessary to the incorporation
of said company shall not be obtained within five
years after the passage of this Act. all subscrip-
tions under it shall be null and void, and the said
Commissioners, after discharging the expense of
opening the books, surveying the routes, and
other expenses, under this Act, shall return the
residue of the money to the several subscribers in
due proportion to the sums respectively paid in
by them.

Subscriptions
-how annulled.

Sec. 5. And be it enacted, That as soon as five
hundred shares of said capital stock shall be sub-

Directors to
be elected.