654
Number of
Comissi'nrs
First opening
of books.
Vacancy.
Capital stock
divided.
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LAWS OF MARYLAND.
the City of Washington, and Washington Bowie,
Daniel H. Gaither, and Frederick P. Stanton, of
Montgomery county, John A. Dorsey, William B.
Matthews, and Augustus Riggs, of Howard county,
John K. Longwell, John E. Smith, and Charles W.
Hood, of Carroll county, be and they are hereby
appointed commissioners, with power and authority
to open books and receive subscriptions to the capital to stock of said company, according to the terms set
forth in the next succeeding section of this Act.
SEC. 5. And be it enacted, That the said commis-
sioners shall not be less* seven in number, and they,
or a majority of them, may cause hooks to be opened
for the purpose of receiving subscriptions to the
capital stock of the said company, at such time or
times and at such place or places as they may deem
expedient, after having given notice at least once a
week, for three successive weeks, in one or more
newspapers published in the county or city in winch
1 books of subscription are to be opened as aforesaid.
Sue. 6. And be it enacted , That upon the first open-
ing of said books, they shall be kept open for at least
ten successive days, from ten o'clock A. M. until
two o'clock P. M., and if at the expiration of that
period such a subscription to the capital stock of
said company as is necessary to its incorporation,
shall not have been obtained, the said commissioners,
or a majority of them, may cause the said books to
be opened from time to time after the expiration of the
said ten days, for the space of twelve months thereafter,
or until the sum necessary to the incorporation of
the company shall be subscribed, if not sooner sub-
scribed; and if any of the said commissioners shall
die, resign or refuse to act during the continuance of
the duties devolved upon them by this Act, another
may be appointed in his stead by the remaining
commissioners, or a majority of them.
SEC. 7. And be it enacted. That the capital stock of
1 his corporation shall be divided into shares of fifty
dollars each, which may be subscribed for by indi-
viduals, or by any other corporation which may be
authorized to subscribe for the same; and soon as
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