on or before the first day of May, eighteen hun-
dred and sixty seven, for subscriptions for the cap-
ital stock of said company, and that Samuel D.
Middlehauff, Joseplius Ground, Martin Speck,
Benjamin Shank and Samuel Geiser, be and they
are hereby appointed Commissioners to receive
such subscriptions of stock.

Sec. 4. And be it enacted, That when three hun-
dred shares of said stock shall have been sub-
scribed the said Commissioners shall give thirty
days notice to the subscribers to meet at a time
and place to be fixed by said Commissioners for
the purpose of organizing said company, and the
said subscribers at such meeting shall elect a Pres-
ident and five Directors, to serve until the first
Wednesday in October thereafter, and until their
succesors shall be elected and qualified, and the
stockholders shall annually, on the first Wednes-
day in October, or within sixty days thereafter,
elect a President and five Directors, each stock-
holder to have one vote for each share of stock
standing in the name of said stockholder on the
books of the company, to be voted by the said stock-
holder in person and not otherwise.

Notice to be
given.

Sec. 5. And be it enacted, That the stockholders
of said company are hereby created a body politic
and corporate, by the name of the Leitersburg
and Smithsburg Turnpike Company, and by that
. name shall have perpetual succession, and shall
have all the privileges and franchises of a corpo-
ration, and may sue and be sued, make a corpora-
tion seal and by-laws for the regulation of said
company, such by-laws not to be inconsistent with
the laws of the State.

Body corpo-
rate.

Sec. 6. And be it enacted, That the sums so
subscribed for the stock of said company shall be
paid to the President and Directors aforesaid in
such installments and at such times as they may
appoint and require.

Instalments.

Sec. 7. And be it enacted. That the President
and Directors of said company shall manage and
direct all the affairs and concerns of said com-
pany, and three of the Directors and the Presi-
dent shall constitute a quorum for the transaction
of any business, and if any vacancy occurs in the

Quorum.