| 1818.
CHAP. 34. |
LAWS OF MARYLAND.
any one of the commissioners aforesaid to take subscriptions, at
such time and place as may be most convenient, which subscriptions
shall be as binding in every respect as if made at the time the
books were first opened. |
When 1000 shares
are subscribed
company may be
organized.
Proviso. |
3. AND BE IT ENACTED, That when one thousand
shares of said
stock shall have been subscribed for, the commissioners shall give
twenty days public notice in all the Hager's-town papers, of the time
and place appointed for the subscribers to meet and organize said
institution, and to choose, by a 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, for
conducting the affairs of said company until the first Monday in
April thereafter, and until a new election, and to make such by-laws
as they shall deem necessary, and on the first Monday in
April in every year, or within ten days thereafter, for such purpose,
and at such place as the said president and managers shall
appoint; and in all elections by stockholders each share shall be entitled
to one vote; Provided always, that no person shall have more
than twenty-five votes. |
| 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,
by the name and style of The Williams Port and Cumberland Turnpike
Road 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. |
Subscriptions,
how to be paid. |
5. AND BE IT ENACTED, That the sums so subscribed
shall be paid
to the president and managers of the company, in such sums, and
at such times, as they may appoint, giving three months public notice
of the payment required. |
Commissioners to
be appointed to
lay out road. |
6. AND BE IT ENACTED, That the president and
managers be and
they are hereby authorised, to appoint three commissioners, who,
or a majority of whom agreeing, shall lay out the said road in the
nearest and best direction, from the west bank of the Conococheague
creek at Williams-Port, to intersect the Cumberland turnpike road
at some point which the commissioners in their discretion and judgment
may think best, at or near Stone Quarry Ridge; and after
having laid out and marked said road, shall make out a plot of the
same, specifying the course and distance, and return the said plot
to the president and managers; 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 Williams-Port
and Cumberland turnpike road, according to the best of my
skill and judgment, agreeably to the discretion 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." |
Company to open
road according to
location of commissioners. |
7. AND BE IT ENACTED, That the said company
shall open said
road from the west bank of the Conococheague creek at Williams-Port
according to the location of the commissioners aforesaid, sixty
feet wide, of which at least twenty feet shall be an artificial road,
composed of stone or gravel, and erect and keep up bridges over
streams crossing the same; and when the said road and bridges
shall be perfect, said company shall be entitled to receive the tolls |
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