| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
the same among the subscribers by proportional deductions,
so that the whole be reduced to the proper limit, but if the said subscriptions
shall not be filled up on the first day, the commissioners
aforesaid may adjourn from day to day; and at any time after the
first day if the subscriptions shall be complete, the commissioners
shall close the books; Provided, that there shall be paid to
said
commissioners at the time of subscribing, one dollar on each share
which shall be subscribed. |
1816.
CHAP. 35.
Proviso. |
3. AND BE IT ENACTED, That when two hundred
and fifty shares
of the 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 a plurality of votes, by ballot, a president and eight managers,
(five of whom shall form 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 January thereafter, and until a
new election; and to make such by-laws as they shall deem necessary;
and on the first Monday in January 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, but no person or company shall have more than ten votes. |
Organization of
company. |
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 Conowingo 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 the stock by new subscriptions, if the
same shall be found necessary. |
Stockholders incorporated. |
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 two months public notice
of the payments required. |
Payments, how to
be made. |
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
site of Conowingo Bridge, in Cecil county aforesaid, to the
Pennsylvania line, to intersect a turnpike to be made from
Philadelphia via New-London Cross Roads to the said line, on
as straight a line as the nature of the ground and other circumstances
will admit of, having regard to hills and other obstructions,
and after having laid out and marked said road, they shall
make one plot of the same, specifying the courses and distances,
and return the same to the clerk of Cecil county court, to be recorded;
and the 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 Conowingo turnpike
road according to the best of my skill and judgment, and according
to the directions of an act of assembly, entitled, An act to incorporate
a company to make a turnpike road from the contemplated
bridge over the river Susquehanna, at Conowingo creek, to the
Pennsylvania line; and I do further swear, (or affirm,) that I am
not interested in any land through which said road is likely to
pass." |
Direction of road. |
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