1831.

LAWS OF MARYLANB.

CHAP 287.

Robert,) Gransville S. Townsend, William Kirk, (Clothier,)

Amos Ewing, William Cameron, Henry B. Braughtoo and

Cornelius C. Smith, be, and they are hereby appointed

commissioners under the direction of a majority of whom,

Receive subscrip-
tions.

subscriptions may be received to the capital stock of the
Rail-road company hereby incorporated, and they or a ma-

jority 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 capital stock of the said company, after

Notice required.

having given notice by advertisement, for at least three suc-

cessive weeks, in one newspaper in the town of Elkton, and

two in the city of Baltimore, of the times and places of

opening the same; and that after the first opening of the said

books, they shall be kept open in the town of Port Depo-

sit, for at least six successive days, from ten o'clock A. M.

until one o'clock P. M. and if at the expiration of that pe-

riod, such subscription to the capital stock of said compa-

ny as is necessary in the opinion of the said commissioners,

to commence and prosecute the said Rail-road shall not have

been obtained, the said commissioners or a majority of them

May reopen books

may cause, the said books to be opened from time to time,

aiter the expiration of the said six days, for the space of

three weeks thereafter, or until the sum necessary as afore-

said, shall have been subscribed; and if any oi the said com-

Vacancies provi
ded against.

missioners shall die, resign or refuse to act, during the con-

tinuance of the duties devolved upon them by this act,

another or others may be appointed in his or their stead by

the said 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 two hundred and fifty

thousand dollars, in shares of fifty dollars each, which 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 succes-

sors and assigns, shall be, and they hereby are declared to

Incorporation
granted.

be incorporated into a company, by the name and style of

the Cecil county Rail-road company, and by that name,

shall be capable in law, of purchasing, holding, selling leas-

ing 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, and by said

corporate name, may sue and be sued, and may have and

use a common seal, which they shall have power to alter and

renew at their pleasure, and shall have, enjoy and exercise,

all the powers, rights and privileges, which other corporate
bodies may lawfully do, for the purposes mentioned in this
act.