| 1817.
CHAP. 97.
Provisos. |
LAWS OF MARYLAND.
___________ eighteen hundred and _______________;" and shall give
notice in one or more of the public news-papers in the city of Washington,
in George-Town and Frederick, for one month at least, of the
times when, and places where, the said books will be opened to
receive subscriptions of stock for such respective company or
companies, at which times and places at least two of the said respective
commissioners shall attend for each of the said respective
companies, and shall permit and suffer all persons who shall offer
to subscribe in person, or by attorney duly authorised, in the said
books, which shall be kept open for that purpose at least four
hours every day, Sundays excepted, for the space of three days,
in three days shall be necessary; Provided nevertheless, that the
said commissioners shall not permit any one person or company
to subscribe for more than twenty-five shares during the first day
on which the said books shall be opened in either of the respective
companies, nor more than fifty shares on the second day on
which the said books shall be opened; and if at the expiration of
the said three first days, the said books shall not have, for each
respective road, the full number subscribed, the said respective
commissioners may adjourn from time to time, until the number
of shares respectively shall be subscribed, of which adjournment
public notice shall be given in at least one of the public news-papers
of the city of Washington, one in George-Town, and one
in Frederick; and when the said subscriptions in the said books
shall amount to the said respective numbers aforesaid, the same
shall be closed; Provided always, that every person offering to
subscribe in the said books, in his own name, or in the name of
any other person, shall, upon subscribing, pay to the attending
commissioners one dollar for every share to be subscribed, out of
which shall be defrayed the expenses attending the taking such subscription,
and other incidental charges, and the remainder shall be
deposited in such banks as shall be most convenient to the said
commissioners, for the use of each respective corporation for which
the same shall be taken, as soon as the same shall be organized,
and the officers chosen as herein after mentioned. |
Subscribers, when
to meet to organize
companies.
Provisos. |
3. AND BE IT ENACTED, That when two thousand
five hundred
shares or more of the said stock of the before mentioned company,
and when fifteen hundred shares or more of the said stock of the
said last before mentioned company, shall have been subscribed,
the said commissioners heretofore named for each respective road
shall, as soon as conveniently may be, give thirty days notice in
the papers aforesaid, 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, a
president, eight managers, a treasurer, and such other officers as
shall be deemed necessary, to conduct the business of the said company
until the first day of May eighteen hundred and nineteen,
and until like officers shall be thereafter chosen, 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; Provided always,
that no person shall have more than twenty-five votes in any election,
or in determining any question arising at such meeting, whatever |
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