698

LAWS OF MARYLAND.

incorporation.

Clark, Thomas Rawlings, James L. Bond, Jasper
M. Jackson, Asa M. Stabler, Benjamin Fawcett,
William F. Lazenby, William H. Spencer, Fran-
cis Valdenair and Charles G. Porter, of Montgo-
mery County, be, and they are hereby, appointed
Commissioners to take subscriptions to the capital
stock of the Washington, Colesville and Ashton
Turnpike Company hereby incorporated, and they,
or a majority of them, may cause books to be

Open books.

opened at such times and places, and for such
period or periods, upon giving ten days public
notice of the times and places of opening the same,
for the purpose of receiving subscriptions to the
same, not exceeding forty thousand dollars, and if
any of the Commissioners shall die, resign or
refuse to act, another or others may he appointed
in his or their stead, by a majority of the remain-
ing Commissioners.

Sec. 2. And be it enacted, That the subscribers
to said stock, their successors and assigns shall be,
and they are hereby, declared to be incorporated
into a Company by the name of the "Washington,
Colesville and Ashton Turnpike Company," and by

Powers.

that name, shall be capable in law of purchasing,
holding, selling, leasing and conveying estates,
real, personal and mixed, so far as shall be neces-
sary for the purpose hereinafter mentioned, and no
farther, and shall have succession, and by said
corporate name may sue and be sued, and may
have and use a common seal, which they shall
have power to alter or renew at pleasure, and shall
have, enjoy, and may exercise all the powers,
rights and privileges which other corporate bodies
may lawfully do for the purposes mentioned in this
Act.

Sec. 3. And be it enacted, That upon every such
subscription there shall he paid at the time of sub-
scribing, to the said Commissioners or their agents,
the sum of one dollar on every share subscribed,
and the residue thereof shall be paid in such man-

Installments.

ner, and at such times, and in such installments,
as it may be required by the President and Direc-
tors of said Company, and if any subscriber shall
fail or neglect to pay any installment or part of said

Failure to pay
forfeits.

subscription thus demanded for the space of sixty
days next after the time the same shall be due and