274
Capital stock
Proviso.
Proviso.
One-fifth of
the shares.
Incorporated
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LAWS OF MARYLAND.
Smith, Charles T. Reifsnider, Hanson T. Barthalow,
-John Da via, Samuel Bigham, John T. Hill, William
Reese, Elias Yingling, S. P. Everhart, John W.
Nelson, William B. Nelson, and Edwin R. Gernand,
be and they are hereby appointed Commissioners,
who shall cause books to be opened, at Westminster
and such other places along the contemplated line
of said road, at such times and places as they or a
majority of said Commissioners may deem advisable,
for the purpose of receiving subscription to the capi-
tal stock of the company incorporated by tins Act,
notice having been giving as the said Commissioners
or a majority of them may deem expedient, of the
time and place of opening said books, and continue
the same open, from time to time, as long and as
often as they may find necessary to complete such
subscription.
SEC. 2. And be it enacted. That the capital stock
of said company shall be twenty-five thousand dollars
in shares of twenty dollars each; and all individuals
and bodies corporate, and the County Commissioners
of Carroll county are hereby authorized and em-
powered to subscribe for such amount of said stock
as they may think proper; provided, nevertheless,
that at the time of making the subscriptions to said
stock there shall be paid to the said Commissioners
upon such shares the sum of one dollar per share,
and the residue thereof shall be paid at such time
and in such manner as may be prescribed by the
President and Directors of the said company; and
provided, that the Commissioners of Carroll comity
shall not subscribe for more than one-fifth of the
estimated coat of said road.
SEC. 3. And be it enacted, That whenever one-fifth
of the shares of the said stock shall be subscribed,
then the said subscribers shall be declared to be
incorporated by the name of " The Westminster and
Bird Hill Turnpike Company, for the making of a
turnpike road from the City of Westminster to Bird
Hill, in Carroll county, and by said name to have
succession, and shall be capable in law to have, hold,
purchase, possess and enjoy, to them and their suc-
cessors, lands and tenements, chattels and effects of
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