SCO

LAWS OF MARYLAND.

Commission-
ers.

Whitridge, Johns Hopkins, E. Wyatt Blanchard,
J. Morrison Harris, be, and they are hereby ap-
pointed commissioners to take subscriptions to the
capital stock of the Baltimore and Hall's Springs
Railway Company, hereby incorporated, and that
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, and upon such notice as they
may deem expedient, and may reopen the same
trom time to time, for the purpose of receiving
subscriptions to said capital stock; and if any of
the above named commissioners shall die, resign
or refuse to act, another or others may be ap-
pointed in his or their stead by a majority of the
remaining commissioners.

Name.

Sec. 2. And be it enacted, That the subscri-
bers to said stock and their successors and assigns
shall be, and they are hereby declared to be in-
corporated into a Company by the name of the
Baltimore and Hall's Springs Railway Com-
pany, and by that name shall be capable in
law of purchasing, holding, selling and con-
veying property, real, personal and mixed as
far as shall be necessary for the purpose here-
inafter mentioned, and no further, and shall have
perpetual succession; and by such corporate name
may sue and be sued, and may have and use a

Powers.

common seal, which they may have the power to
alter or renew at their pleasure, and shall have
and enjoy, and may exercise all the rights, powers
and privileges incident and necessary to the pur-
pose of said corporation, as created by this Act.

Subscriptions.

Sec. 3. And be it enacted, That the subscrip-
tions to the capital stock of said Company shall be
in shares of twenty dollars each, to such amount
as the Commissioners aforesaid, or a majority of
them may deem necessary, not exceeding twenty
thousand shares; and upon every subscription
there shall be paid at the time of subscribing to
the said Commissioners or their agents, the sum
of two dollars on every share subscribed, and the

Installments.

residue thereof shall be paid in such installments,
and at such times as may be required by the Presi-
dent and Directors of said Company, and if any
subscriber shall fail or neglect to pay any install-
ment or part of said subscription thus demanded,