1855.

LAWS OF MARYLAND.

CHAP. 246

Cooper, James A. Caldwell, John Kirk and Jeremiah

Brown, be and they are hereby appointed commis-

Open books of sub-

sioners, with power to a majority or any three of them,

scription

to receive subscriptions to the capital stork of the Bal-

timore and Peach Bottom Rail Eoad Company, hereby

incorporated or intended so to be, which subscription

shall be made in shares of one hundred dollars each, of

which one dollar per share shall be paid to said com-

missioners, at the time of makingsaid subscriptions,

which subscriptions shall be received subject to such

other rules, limitations and terms as shall be prescrib-

ed by a majority, or any three of said commissioners,

who shall consent to act, and when so much of the

capital stock of said company shall have; been subscrib-

ed, as the majority of the commissioners, or any three

of them, who shall receive the said subscriptions, may

deem necessary und sufficient to construct the rail road,

which the said company are by this act authorised ta

construct, the commissioners who may have received

Meeting to organ-

the said subscriptions, or any three of them, shall call

ize

a general meeting of the subscribers to the said capital

stock, for the purpose of electing thirteen of said sub-

scribers to manage the affairs, and be the first directors

of said company; which meeting and election shall he

held at such time and place as a majority of the com-

missioners; aforesaid, or any three of them, shall desig-

Notice thereof

nate in and by a notice which they shall cause to be

inserted, at least ten days previous thereto, in three

newspapers, one of which shall be published in the

city of Baltimore, one in Harford county, and one in

Lancaster county, in the State of Pennsylvania, and

the commissioners who may give said notice, or any

three of them, shall hold and be the judges of the said

election, in which, as in all other elections or meetings

Votes

of said company, each share shall entitle the owner

thereof to one vote, which may be given in person or

by proxy, and the judges of said first election shall

certify the names of the persons who shall be duly

Deliver over books

elected directors, and deliver over the subscription

book or list of subscribers, with the funds received by

them from the subscribers aforesaid, first deducting

the sum of all reasonable expenses incurred by them,