| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
number of shares he, she or they, may be entitled to notwithstanding,
and that each person be entitled to one vote for every
share so held under the said number of twenty-five shares. |
1817.
CHAP. 97. |
4. AND BE IT ENACTED, That the stockholders
in the said respective
companies shall be and they are hereby incorporated and
constituted two separate and distinct bodies politic, the first before
mentioned by the name of The President, Managers and Company,
of the Rockville and Williams-Port Turnpike Road, and the
last before mentioned company, by the name of The President,
Managers and Company, of the Rockville and Washington Turnpike
Road; and by the same names, the said subscribers, and their
successors, shall have perpetual succession, and shall have all the
privileges and franchises of, or incident to a corporation, and shall
be capable of taking and holding the said capital stock, and the increase
and profits thereof, and of enlarging the same from time to
time by new subscriptions on the original terms, in such manner
and form as they shall think proper, if such enlargements shall be
found necessary to fulfil the intent of this act, and of purchasing
and taking to them, and their successors, in fee-simple, and for
any lesser estate, all such lands, tenements, hereditaments and estate,
real and personal, as shall be necessary to them in the prosecution
of their works, provided the said real estate shall not exceed
twenty acres in any one lot or parcel, and of suing and being sued,
answering and being answered; and the said company shall have
power to make a seal, and alter and break and renew the same according
to their will and pleasure. |
Stockholders incorporated. |
5. AND BE IT ENACTED, That the sums so subscribed
shall be
paid to the managers elected agreeably to this act, in the manner following,
to wit: One fourth part thereof, (including the one dollar
paid to the commissioners at the time of subscribing) at the end of
one month after the election of managers, and the remainder in
such sums and at such times as the managers may appoint, they
giving two months notice of the payment so required in the news-papers
as aforesaid. |
Payments, how
to be made. |
6. AND BE IT ENACTED, That the first before
mentioned company
shall meet on the first Monday in May eighteen hundred and nineteen,
and on the first Monday in May in each succeeding year;
and the last before mentioned company shall meet on the fourth
Monday in May eighteen hundred and nineteen, and on the fourth
Monday in May in each succeeding year, for the purpose of
choosing such other officers as aforesaid, for the ensuing year, in
manner aforesaid, and at such other times as they shall be summoned,
in such manner and form as shall be prescribed by their
respective by-laws; at which annual or special meeting they shall
have full power and authority to make, alter or repeal, by a majority
of votes, in manner aforesaid, all such by-laws, rules, orders
and regulations, made as aforesaid, and to do and perform any
other corporate act herein authorised. |
Times of meeting. |
7. AND BE IT ENACTED, That the respective
presidents and
managers first chosen as aforesaid, shall procure certificates for all
the shares of the stock of the said company, and shall deliver one
such certificate, signed by the president, and countersigned by the
treasurer, and sealed with the common seal of the respective companies,
to each person or persons for every share by him, her or |
Certificates of
stock. |
|
 |
