1831.

LAWS OF MARYLAND.

CHAP. 168.

ers, under the direction of a majority of whom subscriptions
may be received to the capital stock of the Rail-road com-
pany, hereby incorporated, and they, or a majority of them,
may cause books to be opened at such times and places as they
may direct, for the purpose of receiving subscriptions to the

Notice thereof.

capital stock of said company; after having given notice by
advertisement, for at least three successive weeks, in one
newspaper, in the town of Cumberland, one in the town
of Williamsport, one in the town of Hagerstown, and one
in the District of Columbia, of the times and places of
opening the same; and, that upon the first opening of said
books, they shall be kept open in the town of Cumberland,
for at least six successive days, from ten o'clock A. M. un-
til one o'clock P. M. and if, at the expiration of that period
such a subscription to the capital stock of said company,
as is necessary to its incorporation, shall not have been ob-
tained, the said commissioners, ora majority of them, may

Re-open.

cause the said books to be opened from time to time, after
the expiration of the said six days, for the space of three
years thereafter, or until the sum necessary to the incorpo-
ration of the company shall have been subscribed alter
giving notice as aforesaid, in the newspapers aforesaid, of

Vacancies.

the times and places of opening said books; and, if any of
the said commissioners shall die, resign or refuse to act, dur-
ing the continuance of the duties devolved upon them by
this act, another may be appointed in his stead by the re-
maining commissioners, or a majority of them.

Capital stock.

Sec. 2. And be it enacted, That the capital stock of the
said Rail-road company, shall be one hundred thousand dol-

Reserved shares.

lars, in shares of twenty dollars each, of which one thou-
sand shares shall be reserved for subscription by the state of
Maryland, for the space of two years after the passage of
this act, and the remaining four thousand shares may be
subscribed for, by any corporation, firm or individuals, and
as soon as two thousand shares of the said capital stock
shall have been subscribed, the subscribers, their successors
and assigns, shall be, and they hereby are declared to be in-

Substribers incor-
porated.

corporated into a company, by the name and style of the
Allegany Coal Mine Rail Road Company, and by that name

General powers
granted

shall be capable in law, of purchasing, holding, selling,
leasing and conveying estates, real, personal and mixed, as
far as the same shall be necessary for the purposes herein-
after mentioned, and shall have perpetual succession by said
corporate name; may sue and be sued, and may have
and use a common seal, which they shall have power to al-
ter and renew at their pleasure, and shall have, enjoy and
may exercise, all the powers, rights and privileges, which