|
JOHN FRANCIS MERCER, ESQUIRE, GOVERNOR.
John Mason and Francis Deakins, who will meet such persons as
are or may be appointed by the state of Virginia, in the city of
Washington, on the first Monday in March next; Paul Hoyle and
Samuel Ringgold, who will meet such persons as are or may be appointed
for the same purpose by the state of Virginia, at William's
Port, on the said first Monday in March; and John Lynn and Thomas
Cresap, who will meet such persons as are or may be appointed
for the same purpose by the state of Virginia, at Fort Cumberland,
on the said first Monday in March; John Webster, John Prunty
and Maxwell Armstrong, of Harrison county, Virginia, who will
attend at Clarksburgh on the first Monday of March next; John
Stealey, Henry Deering and Hugh McNealey, of Monongahela
county, Virginia, who will attend at Morgan-town on the first Monday
of March next; Archibald Magill, Adam Douglass and Robert
Mackey, of Frederick County, Virginia, who will attend at
Winchester on the said first Monday of March next; who, or a majority
of them at each place of subscription, shall procure two books, and
in each of them enter as follows: We whose names are hereto subscribed
do promise to pay to the president, managers and company,
of the Allegany turnpike road company, the sum of fifty dollars for
every share of stock in the said company set opposite to our respective
names; and the persons appointed as aforesaid, or a majority
of them, may proceed at any other time and place to take subscriptions,
as a majority of them at any such place may determine,
until the whole number of shares be subscribed for. |
1801.
CHAP. 45. |
2. AND BE IT ENACTED, That the shares subscribed
as aforesaid
shall be paid in the following manner, viz. Every person, at
the time of subscribing, shall pay five dollars for each share by
him subscribed to the person or persons appointed by this act to
take in subscriptions, and that the remaining forty-five dollars for
each share shall be paid to the president and managers of the road,
elected agreeable to this act, as follows: Ten dollars by every subscriber
for each share subscribed by him within six months from
the election of the said president and managers, fifteen dollars by
every subscriber for each share subscribed by him in twelve months
from the election of the said managers, ten dollars by every subscriber
for each share subscribed by him in eighteen months from
the election of the said managers, and ten dollars by every subscriber
for each share subscribed by him in two years from the election
of the said managers; and if any person shall fail to make any future
payments within twenty days from the time when it ought
to have been paid, he shall forfeit the sum or sums by him before
paid, also to his right to his subscription, and the president and managers
shall have liberty to dispose of such forfeitures for the use of
the road. |
Shares, how to be
paid. |
3. AND BE IT ENACTED, That every subscriber
shall be entitled
to vote by himself, his agent or proxy, appointed under his
hand and seal, at all elections in virtue of this act, and shall have
as many votes as he has shares, so far as five shares, and one vote
for every five shares thereafter; Provided, that no stockholder
shall
have more than ten votes. |
Votes. |
4. AND BE IT ENACTED, That each stockholder
may sell and
transfer his stock, or any part thereof, and on the transfer being
entered in the road book, in the presence of the stockholder, or his |
How stock may be
transferred. |
|
 |
