1831.

LAWS OF MARYLAND.

CHAP. 54.

Managers.

in person, or by proxy duly authorised, seven managers
from among the stockholders to conduct the business of
said company until the first day of April eighteen hundred
and thirty three, and until their successors shall be chosen

One vote for every
share of stock not
exceeding 25.

in the manner hereinafter provided; at all elections each
stockholder shall be entitled to one vote for every share
held by him, not exceeding twenty-five.

Corporate powers

granted.

Sec. 4. And be it enacted, That subscribers for stock of
the said company, shall be, and they are hereby incorpora-
ted and constituted a body politic, by the name of The
Frederick and Woodsborough Turnpike Road Company,
and by the same name the said stockholders, and their suc-
cessors and assigns, shall have perpetual succession, and
shall have all the privileges and franchises of, or incident
to a corporation, and shall be capable of taking and hold-
ing the said capital stock, and the increase and profits
thereof, and of enlarging the same, by new subscriptions on
the original terms, it necessary to fulfil the intent of this
act, and of purchasing and holding to them and their suc-
cessors in fee simple, or for any lesser estate, such lands
and estate, real and personal, as shall be necessary to them
in the prosecution of their works, provided said land or real
estate shall not exceed two acres in any one lot or parcel
for the use of a gate keeper, and of suing and being sued,
answering and being answered, and the said company shall
have power to make a seal, and alter, and break, and renew
the same, at their will and pleasure, and to do all other
acts, necessary for the purposes for which they are iqcor-
porated, as fully as any other incorporation may do.

Instalments.

Sec. 5. And be it enacted, That the sums so subscribed,
shall be paid to the managers of said company, in such in-

Notice.

stalments and at such times as they may direct, they giving
two months notice of the payments required, in one or more
of the news papers in Frederick.

Managers and of-
ficers—judges of
election-president

Sec.6.And be it enacted,That the stockholders in said com-
pany, shall, on the first Monday of April, in the year eighteen
hundred and thirty-three, and on the first Monday of April, in
each succeeding year, elect by ballot, as aforesaid, seven
managers as aforesaid, for the ensuing,year in manner afore-
said,and the managers of the said company, or a majority of
them, shall have power to appoint one or more judges of all
elections,and to elect a president of said company from among
the managers or stockholders, and to allow him a compensa-
tion for his services if they shall deem it proper, and if any
vacancy shall occur by death, resignation, refusal to act, or
removal from the county, of any president, or manager, a
stockholder may be elected by the managers, to fill such