THOMAS SWANN, ESQUIRE, GOVERNOR

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In such election shall be entitled to one vote for
each and every share of stock held by him or her
at the time of said election.

Sec. 4. And be it enacted, That the subscribers
of said stock shall be and they are hereby incor-
porated and constituted a body politic, by the name
and style of the Western Run and Reisterstown
Turnpike Company, and by said name they and
their successors and assigns shall have all the
powers and privileges incident to a corporation for

Name.

such purposes, and of enlarging or reducing the
the capital stock of said Company, and of holding
in fee simple such real and personal property as
may be necessary for the prosecution of their
works, and the said Company shall have power to
make and use a common seal and to alter and
amend the same at pleasure.

Reduce capi-
tal stock.

Sec. 5. And be it enacted, That the sum so sub-
scribed shall be paid to the Directors elected as
hereinbefore named as follows : one-fourth part,
including the one dollar per share hereinbefore
required, at the end of one month after the elec-
tion of said Directors, and further installments
in such sums and at such times as said Directors
may require after four weeks notice being given by
publication in a newspaper published in said
county.

Installment.

Sec. 6. And be it enacted, That said Directors
shall elect from among their number a President
and Secretary, who shall act as treasurer, and said
Directors shall fix their compensation, and in ease
of a vacancy among said officers or Directors, the
remaining Directors shall fill the places so vacated
until a new election of Directors by the stockhold-
ers. Said election for Directors shall be on the
eighth day of January of each year, but if said
election should not take place at the time above
stated, it shall be competent to make and to hold
an election at any time thereinafter within ninety
days. General meetings of stockholders may be
called at any time by the holders of not less than
one-fourth, of the whole stock of said Company or
by the President at any time he may consider the
interests of said stockholders may require ; a ma-
jority of the Directors shall constitute a quorum
to do business and the by-laws of said Company
5

President and
Secretary.