| 1814. |
LAWS OF MARYLAND.
shall upon subscribing, pay to the attending commissioners one
dollar for every share to be subscribed, out of which shall be defrayed
the expense attending the taking such subscription, and
other incidental charges, and the remainder shall be paid to the
president and managers, in such sums and at such times as the
president and managers may appoint, they giving thirty days public
notice of the payment so required. |
| Election of officers. |
3. AND BE IT ENACTED, That when six hundred
shares or more
shall have been subscribed, the said commissioners shall, as soon
as conveniently may be, give thirty days notice in one or more of
the newspapers printed in Frederick county, of the time and place
by them appointed for the subscribers to meet, in order to organize
the said corporation, and to choose, by a majority of votes of the said
subscribers, by ballot, to be delivered in person, or by proxy duly
authorised, one president, eight managers, one treasurer, and such
other officers as shall be deemed necessary to conduct the business
of the said company until the third Monday in October next, and
make such by-laws, rules, orders and regulations, as do not contravene
the constitution and laws of this state, and may be necessary
for the well governing the affairs of the said company; and
on the third Monday in October in every year thereafter said company
shall meet for the same purpose at such place as the president
and managers shall appoint; and in all elections by stockholders,
each share shall be entitled to one vote, but no person or company
shall have more than twenty-five votes. |
Stockholders erected
a body politic. |
4. AND BE IT ENACTED, That the stockholders
in said company
shall be and they are hereby created and erected into a body
politic and corporate, by the name and style of The Emmittsburg
Turnpike Company, and by the same name shall have perpetual
succession, and all the privileges and franchises incident to a corporation;
and shall be capable of suing and being sued, answering
and being answered, and of enlarging their stock by new subscriptions,
if the same shall be found necessary. |
| Direction of road. |
5. AND BE IT ENACTED, That the said company
shall open the
said road from a point on the turnpike road leading from Westminster
through Harman's Gap to Hager's town, at or near the great
bend of Big-Pipe Creek, below the mouth of Koon's Run, or in
case the said Westminster and Hager's-town turnpike shall not
be located and made so as to render a junction or intersection
there eligible in the opinion of the president and managers of the
company incorporated by this act, or a majority of them, then the
said road shall be opened and made from such other point or part
of said road as may be found most suitable, (provided the distance
to Baltimore shall be lessened thereby,) in the nearest and best direction,
having regard to the nature of the country or ground and
eligible places for bridges over the streams to be crossed, avoiding
Piney creek, sixty feet wide, to Emmittsburg, and shall cause
eighteen feet in width to be bedded with stone, gravel or other materials,
and erect and keep up bridges over the streams crossing
the same; and whenever five miles of the said road shall be perfected,
said company shall be entitled to receive tolls; and in case
the company incorporated by an act of assembly passed at December
session eighteen hundred and thirteen, for the purpose of making
a turnpike road from Westminster, through Taney Town to |
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