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William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 484   View pdf image (33K)
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    1804.


CHAP. 91.
                                LAWS OF MARYLAND.

crop is thereon, without the consent of the owner; and for making
the said road, a subscription shall be opened for a capital of thirty
thousand dollars, in shares of one hundred dollars each, under
the direction and management of John Hollins, William Cooke, James
P. Boyd, Thomas Dickson and James Ellicott, in the city of Baltimore,
who shall for this purpose, on or before the first Monday in
March next, procure a book, and in it enter as follows, to wit:
" We, whose names are hereunto subscribed, do promise to pay to
the president, managers and company, of the Falls Turnpike, the
sum of one hundred dollars for every share of stock in the said
company set opposite to our names, agreeably to an act of the general
assembly of the state of Maryland, entitled, An act to incorporate
a company to make a turnpike road to lead from the cross
roads near Richard Caton's limekiln, in Baltimore county, nearly
in the direction of Jones's Falls, to the city of Baltimore.  Witness
our hands, this _____ day of _____, eighteen hundred and _____;"
and shall give notice in the several news-papers of the city of Baltimore,
for at least one month, of the time when, and the place where,
the said book will be open to receive subscriptions for the stock of
the said company, at which time and place three at least of the said
persons named as managers to receive subscriptions shall attend,
and shall permit all persons to subscribe in the said book, in person
or by attorney duly authorised; and the said book shall be kept
open four hours in each day for three days, if necessary; Provided
nevertheless,
that the said commissioners, shall not permit any one
person or company to subscribe for more than three shares during
the first day on which the said books shall be opened, nor more
than six shares on the second day on which the said books shall be
opened, and if at the expiration of said three first days the whole
number of shares shall not be subscribed, the said commissioners
may adjourn from time to time until the number shall be subscribed,
of which public notice shall be given in the several news-papers
published in the city of Baltimore; and every person subscribing
for the stock of the said company shall, on subscribing, pay to the
attending commissioners five dollars for every share so subscribed,
out of which shall be deducted the expense attending the taking of
such subscriptions, and all other incidental charges, and the residue
shall be deposited in one of the banks of Baltimore, for the use of
the said company, which the president and managers thereof may
draw out when the said company shall be organized.

Appointment of
president, managers
and officers.
    3.  AND BE IT ENACTED, That when one hundred shares of the
said stock shall be subscribed for, the before-mentioned managers
shall, as soon as conveniently may be, give twenty days notice
in the several news-papers of the city of Baltimore of the time and
place by them appointed for the subscribers to meet, in order to organize
the said corporation, and to choose out of the company, by
a majority of votes of the said subscribers, by ballot, to be delivered
in person, or by proxy, duly authorised, a president, six
managers, one treasurer, and such other officers as shall be deemed
necessary to conduct the business of the said company, until the
first Tuesday in October next, and until like officers shall be hereafter
chosen, and make such by-laws, rules, orders and regulations,
as do not contravene the constitution or the laws of this state, and
may be necessary for the well governing the affairs of the said


 
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William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 484   View pdf image (33K)   << PREVIOUS  NEXT >>


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