| 1815.
CHAP. 100.
Subscription books
to be opened. |
LAWS OF MARYLAND.
2. AND BE IT ENACTED, That subscription books
shall be opened
on or before the first day of October next, at Middle-town, at the
house of Casper Schnebly, at Frederick-town and at Baltimore,
for a capital stock for said company of forty thousand dollars, in
sixteen hundred shares, twenty-five dollars each, under the direction
of the following commissioners, or any one of them, to wit:
At Middle-town by Henry Stemple, Thomas Marlowe and John
Ringer; at the house of Casper Schnebly, John Brien, Frederick
Rhorer and Zachariah Clagett; at Frederick-town, John McPherson,
John Grahame and Thomas Shaw; at Baltimore, Hezekiah
Clagett, George F. Warfield and William Lorman. |
Election of president
and managers. |
3. AND BE IT ENACTED, That when six hundred
shares of said
stock shall have been subscribed, the commissioners shall give
twenty days public notice of the time and place appointed for the
subscribers to meet to organize said institution, and to choose, by
plurality of votes, by ballot, a president and five managers, (three
of whom shall be a quorum,) a treasurer, and such other officers
as they shall deem necessary, to conduct the affairs of the company
until the first Monday in March thereafter, and until a new election,
and to make such by-laws as they shall deem necessary; and
on the first Monday of March in every year, or within ten days
thereafter, said company shall meet for the same purposes, at such
place as the president and managers shall appoint, and in all elections
by stockholders each share shall be entitled to one vote. |
| Stockholders incorporated. |
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 Washington and
Frederick 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. |
Payments, how to
be made. |
5. AND BE IT ENACTED, That the sums so subscribed
shall be
paid to the president and managers aforesaid, in such sums and
at such times as they may appoint, giving one month's public notice
of the payment so required. |
Commissioners to
be appointed to
lay out a road. |
6. AND BE IT ENACTED, That the president and
managers be
and they are hereby authorised to appoint five commissioners, who
or a majority of whom agreeing, shall lay out the road from the
Baltimore and Frederick turnpike, at or near the fifty-fifth mile-stone
west of Middle-town, by John Ringer's, to the Potomac
river near McShan's ferry, on as straight a line as the nature of
the country will admit, having regard to mills, and other obstructions;
and after having laid out and marked said road, they shall
make out two plots of the same, specifying the courses and distances,
and return them, one to the clerk of Frederick county, and one to
the clerk of Washington county, to be recorded; and said commissioners,
before they proceed to act, shall take the following
oath, (or affirmation): " I, A. B. do swear, or affirm, that I will
lay out and mark the Washington and Frederick Turnpike Road,
according to the best of my skill and judgment, according to the
directions of this act; and I do further swear, (or affirm,) that I am
not interested in any land through which the said road is likely to
pass." |
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