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LAWS OF MARYLAND.

Sec. 4. And be it enacted, That the President
and Directors, or a majority of them, shall after
two weeks notice thereof have the power to call for

Subscriptions
to stock.

the payment of subscriptions to the capital stock,
at such times and in, such amounts as they may
deem necessary, and should any subscriber fail or
refuse to pay any part of his subscriptions, or in-
stallment thus demanded, after sixty days from
the expiration of said notice, the said Company
shall he entitled to receive, sue for and demand the

Installments .

amount of said installment, with interest thereon
from the date of demand, in such manner as other
debts and claims are recoverable by law; provided,
that no installment so demanded shall exceed one-
fourth the value of the share subscribed, to appoint
all agents and officers to manage the affairs of the
Company, and fix their compensation, to purchase,
lease and hold property, real and personal, powers
and privileges to erect wharves, causeways, dams,
buildings, vessels, machinery, and works necessary
for all the aforementioned purposes of this Act, to

Dividends.

declare dividends from time to time of the net earn-
ings of the Company, to make rules, regulations
and by-laws as they may deem necessary for the
management of the Company and for the guidance
of its officers and agents, from whom they may
take suitable bonds for the faithful performance of
their duties.

May purchase.

Sec. 5. And be it enacted, That the President
and Directors of said Company may agree with
the owner or owners of any real estate or water-
rights in the bed or on the borders of said river for
the use and occupation of the same in making said
channel, or canal and wharves, and for the protec-
tion of the same from any injury whatsoever, and
in case they cannot agree, or if the owner or own-
ers thereof shall be a feme covert, under age, non
compos mentis, or absent, on application to a Jus-
tice of the Peace for Wicomico County, he shall
issue his warrant under his hand and seal, directed

Summon jury.

to the Sheriff of said county, requiring him to sum-
mon a jury of twenty competent and disinterested
men, inhabitants of Wicomico County, to meet on
the land or at the water to be valued on a day that
shall be named in said warrant, not less than ten
nor more than thirty days after issuing the same, and