JAMES THOMAS, ESQUIRE, GOVERNOR.

1833.

when and where they may elect by plurality of votes by
ballot, a president, five managers, (three of whom shall be a
quorum,) a treasurer, and such other officers as they may
deem necessary for the ensuing year, and until a new elec-
tion, and may, by a majority of votes present, adopt,
add to, alter or amend such by-laws, rules, orders and
regulations as may be necessary for the well governing the
affairs of said company: Provided, that they do not contra-
vene the constitution or the laws of this state or of the
United States.

CHAP. 214.

Sec. 6. And, be it enacted, That the sums subscribed to
the stock of said company shall be paid in "the following
manner; one dollar on each share to the commissioners at
the time of subscribing, four dollars on each share to the
managers elected agreeably to the provisions of this act,
within one month after the election of the managers, and
the remainder in such sums, and at such times as the man-
agers, or a majority of them, may appoint, they giving two
months' notice of the payments required, in one or more
of the papers published in Hagerstown or Williamsport.

Instalments paya,
ble

Sec. 7. And be, it enacted, That the stockholders in the
said company shall be and they are hereby incorporated
and constituted a body politic, by the name of the Clear
Spring and Canal Turnpike company, and by the same
name shall have succession during the continuance of tnis
incorporation, and the said stockholders and their succesors,
by the name aforesaid, may sue and be sued, answer and
be answered, in any court of law or equity in this state,
and may do and pxecnte every other matter and thing by
the name aforesaid, that they are authorised to do by the
provisions of this act.

Corporate powers

Sec. 8. And be it enacted, That after the President and
managers are elected in the manner heretofore mentioned,
they shall have full power and authority to receive sub-
scriptions for all unsubscribed or vacant shares, and upon
said election, the powers heretofore vested in the commis-
sioners for receiving subscriptions, shall cease: Provided
nevertheless, that when either the capital stock, or a sum
sufficient for the completion of the said road, is subscribed
for, no furlher subscriptions shall be received.

Occupation cease

Sec. 9. And be it enacted, That the President and man-
agers 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 town of Clear Spring beforesaid, to the canal

location