| 1815.
CHAP. 98. |
LAWS OF MARYLAND.
the said Carroll reserving to himself and his assigns the right of
quarrying any stone which may be left within the lines of the said
Calverton Turnpike east of the said short courses, and above the
grade of the said road, after the said company have stoned the
same, from the Frederick turnpike to the lands of Dennis A. Smith. |
Style—Powers.
Provisos. |
4. AND BE IT ENACTED, That the said proprietors
of the said
five mill seats or mills, their heirs and successors, be and they are
hereby incorporated a body politic, by the name and style of The
President and Managers of the Calverton Turnpike Road, and by
the same name the said proprietors, and their successors, shall
have succession during the continuance of this incorporation, and
shall have all the privileges and franchises of or incident to a
corporation, with power to make such by-laws for the regulation of
all matters and things as may relate to the said turnpike road, and
also to sue and be sued, answer and be answered, to make a seal,
and alter and renew the same, according to their will and pleasure;
Provided nevertheless, That the powers vested in the said company
by this act of incorporation shall not extend to any other object
than the said road, and providing for keeping the same in good
repair; And provided also, that the owner or joint owners of each
mill or mill seat, shall be deemed to be the owner of one fifth part
of the stock or capital of said turnpike road company, and that the
owner or joint owners of each of the said mills or mill seat shall
have one vote at all the meetings of said company, either for
choosing officers or for the transaction of any other business, which
the said company may be competent to do under this act, and it is
hereby expressly declared that the qualification to vote at all such
meetings shall vest in the owner or owners of said mills or
mill seats, or their attorney duly authorised, and that if any of the
said owners shall at any time hereafter sell or otherwise dispose of
their interest in any of the said mills or mill seats, his, her or their
right to said road shall thereupon cease and become the right and
interest of his, her or their successor. |
President, managers,
&c. to be
chosen. |
5. AND BE IT ENACTED, That the said company
shall on the first
Monday in April next, and on the first Monday in April in each
and every year thereafter, meet at the upper mill, or such other
place or places as may be fixed on by their by-laws, for the purpose
of choosing a president, three managers and a treasurer, and
such other officers as may be deemed necessary, and to establish
such by-laws, rules and regulations, as shall be convenient,
provided the said by-laws, rules and regulations, shall not be inconsistent
with the provisions of this act, nor the constitution or
laws of this state, or of the United States; and to establish from
time to time the rates of toll that shall be demanded for passing or
travelling on said road, which said rates of toll shall not be increased
during the next twelve calendar months after the same
shall have been so fixed and established. |
| Meetings—Quorum. |
6. AND BE IT ENACTED, That the president and
managers shall
meet at such time and at such places as shall be ordained by the
by-laws of said company, and when met three members with or
without the president shall constitute a quorum, who in the absence
of the president may choose a chairman, and shall keep minutes of
all their proceedings fairly entered on a book, and a quorum being
formed they shall have full power to appoint such engineers, superintendants |
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