| 1804.
CHAP. 91. |
LAWS OF MARYLAND.
a book of the company to be kept for that purpose, shall be a member
of the corporation, and for every certificate assigned to him as
aforesaid, shall be entitled to one share of the capital stock, and
of all the estate and emolument of the company, and to vote as
aforesaid at the meetings thereof. |
Quorum—appointment
of surveyors,
&c. |
8. AND BE IT ENACTED, That the said president
and managers
shall meet at such times and places as shall be ordained by the by-laws
of the company, and when met, four members, with or without
the president, shall form a quorum, who, in the absence of the
president, may choose a chairman, and shall keep minutes of all
their transactions, fairly entered in a book, and a quorum being
formed, they shall have full power and authority to appoint all
such surveyors, engineers, superintendents and other officers, as
they shall deem necessary to carry on their intended works, and to
fix their salaries and wages, and to draw on the bank for all monies
as shall have been so as aforesaid deposited by the commissioners
aforesaid, which draught or draughts shall be signed by
the said president, or in his absence, by a majority of a quorum,
and countersigned by their treasurer, and generally to do all such
other acts, matters and things, as by this act, and by the by-laws,
rules, orders and regulations, of the company, they shall be authorised
to do. |
Penalty for neglect
of a payment. |
9. AND BE IT ENACTED, That if, after notice
as aforesaid in
the public papers of the city of Baltimore, of the time and place
appointed for the payment of any proportion of the capital stock
of the said company, any stockholder shall neglect to pay such
proportion at the time and place appointed, for the space of thirty
days after the time appointed, every such stockholder, or his assignee,
shall, in addition to the payment so called for, pay at the rate
of five per cent. per month for delay of such payment; and if
the same, and the said additional penalty, shall remain unpaid for
such space of time as that the accumulated penalties shall become
equal to the sums before paid in part on account of such share or
shares, the same shall be forfeited to the said company, and may
and shall be sold and assigned by the president and managers of
the said company to any person willing to purchase the same, for
such price as can be obtained for the same, and the purchaser or
purchasers aforesaid shall have all the benefit and advantage of
such assignment and purchase as if they had been original stockholders. |
President, &c.
may agree for the
purchase of stone,
gravel, &c. |
10. AND BE IT ENACTED, That in all cases where
stone, gravel,
earth or sand, not already quarried or dug for the use of the owner,
or for sale, shall be necessary for repairing the said turnpike
road, the president and managers of the company, or a majority of
them, or any person authorised by them, may agree with the owner
or owners of said materials for the purchase of the same, or with
the said owner or owners of the land on which the same may be,
for the purchase of said land, and in case of disagreement, or in
case the owner should be a feme-covert, under age, or non compos,
or out of the state or county, the president of the company, or
any person authorised by him for that purpose, shall apply to a
justice of the peace for Baltimore county, which justice shall thereupon
issue his warrant, directed to the sheriff of the county, commanding
him to summon twelve disinterested persons, qualified to |
|
 |
