THOMAS W. VEAZEY, ESQUIRE) GOVERNOR.

1835.

appointed commissioners to receive subscriptions to

CHAP. 234.

the capital stock of the United States Hotel Company,

and they or any three or more of them, are hereby au-

Open books for subscriptions

thorised, after giving five day's notice, in two or more

newspapers published in the city of Baltimore, to open

a book or books, at such time, and place or places in

the said city, as they shall appoint and specify in the

notice so given, and receive from any free persons of

full age, or any corporation, subscriptions of one or

more shares of fifty dollars each, of the capital stock

Capital 100,000 dollars

aforesaid, to an amount not exceeding one hundred

thousand dollars, such subscription to be made in per-

son or by proxy, proved in such manner as the com-

missioners shall require; and the sum of five dollars

First payment

shall be paid on each share to the commissioners at the

time of subscribing. The said commissioners may con-

tinue the subscription books open so many days as they

shall deem proper, or close them at any time after one

thousand shares or more shall he subscribed, and may

Case of excess of subscription

apportion the shares incase of excess of subscription:

and within ten days after one thousand shares of stock

Meeting to organ. ize

shall be so subscribed, the commissioners or any three

or more of them shall appoint a day and place in the

said city, of which they shall give ten days no-

tice as aforesaid, for the said stockholders to meet and

elect nine of the stockholders directors of the company,

First elections

to hold their office until the next annual election, and

any three or more of the commissioners shall be judges

of such election; immediately after the election the com-

Payment over

missioners shall deliver and pay to the directors so

elected, the subscription book or books, certified by a

majority of the commissioners, and the money received

from the subscribers to the stock, deducting all expens-

es by them incurred in performing their duties as com-

missioners, either previous to, or after the passage of

this act.

SEC. 2. And be it enacted, That when one thousand

Incorporated

shares of the capital stock shall be subscribed as afore-

said, the subscribers as holders of the said stock, their

successors or assigns, shall be and they are hereby

Style

incorporated by the name of the United States Hotel

Company, and by that name shall be capable in law of