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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 3412   View pdf image (33K)
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ODEN BOWIE, ESQUIRE, GOVERNOR. 873

of this Act, procure a sufficient number of books,
which shall be opened at such time or times, place
or places as they may think proper, in each of
which books shall be made the following entry :
We whose names hereunto subscribed, do promise
to pay to the President and Directors of the Balti-
more, Calverton and Powhattan Railroad Company
the sum of twenty dollars for each and every share
of stock set opposite to our respective names, in
such manner and proportion, and at such times as
shall be determined by the President and Directors
of the said Company, in pursuance of an Act to
incorporate the Baltimore Calverton and Powhat-
tan Railroad Company, as witness our hand and
seals this ...... day of ......... in the year of our Lord
one thousand and eight hundred ......... and if any
of the said Commissioners shall die or decline to
act before the fulfillment of the duties devolved on
them by this Act, others may be appointed in
their stead by the remaining Commissioners.

Manner of
subscribing.

Sec. 2. And be it enacted, That the capital stock
of said Baltimore, Calverton and Powhattan Rail-
road Company, shall be three hundred thousand
dollars, in shares of twenty dollars each,' and as
soon as thirteen hundred shares of said stock shall
be subscribed and paid in, the subscribers, their
successors and assigns shall be, and are hereby
declared to be incorporated by the name and style
and title of the Baltimore, Calverton and Powhattan
Railroad Company, and by that name shall have
perpetual succession, and be capable in law of pur-
chasing, receiving, holding, using, selling, leasing,
mortgaging and conveying goods and chattels,
lands and tenements and hereditaments, and all
real estates, personal and mixed property of what-
soever kind necessary for the purposes of this cor-
poration, may sue and be sued, plead and be im-
pleaded in all Courts ol this State, or the United
States, may make, have and use a common seal,
and may also ordain and establish and enforce such
by-laws and regulations, as they shall deem neces-
sary for the government of said corporation, and
generally may do all and singular, the matters
and things, and exercise all rights, powers and
privileges which may properly appertain for the
well being, and ordering of said corporation; pro-

Capital stock.

vided, that nothing herein contained shall be con-

Proviso.

 

 

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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 3412   View pdf image (33K)
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