THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.
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1835.
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the bed of any road or roads which it may be found
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CHAP. 324,
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necessary to construct, and may for the purposes
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aforesaid have and exercise, except as restricted by
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this act, the right to make by-laws, rules and re-
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gulations, and all the rights, privileges and pow-
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ers necessary to the objects of this act, and to the use,
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control and- disposition of the property acquired by
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them, and not repugnant to any law of this State or of
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the United States,
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SEC. 2. And be it enacted, That the capital stock of
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Capital stock
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said company shall consist of five thousand shares of
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one hundred dollars each, of which the lands and
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mines of the said Samuel B. Barrell, Roger C. Weight-
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man and Edmund Munroe, shall constitute a part at
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such price as may be agreed upon between them on the
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one part, and those who may associate with them and
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constitute the aforesaid corporation, by subscriptions
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for stock payable in money; and the president and di-
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Power of augmen-
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rectors of the said company shall have power, from
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tation
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time to time, to increase their capital stock to such an
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amount as may be found convenient and necessary for
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the objects of this act; Provided, the amount of capital
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Proviso
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stock shall at no time exceed ten thousand shares or
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one million of dollars.
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SEC. 3. And be it enacted, That the subscriptions to
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Persons to receive
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the capital stock of said company shall be received un-
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subscription
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der the direction of the said Samuel B. Barrell, Roger
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C. Weightman and Edmund Munroe, or a majority of
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them, at such times and places as they shall designate,
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giving at least ten days' previous notice in one or more
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Notice
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newspapers printed in the town of Cumberland, and
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in the cities of Baltimore and Washington, and else-
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where if they deem it necessary, and each subscriber
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shall pay at the time of subscription, to the commis-
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First payments
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siones receiving the same, the sum of twenty dollars
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on each share by him, her or them subscribed; and
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every person who shall so subscribe for, or become the,
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Membership
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owner of one or more shares of said stock, shall in
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virtue of such ownership be a member of the said cor-
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Number of votes
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poration, and shall be entitled at all meetings of the
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stockholders to one vote, in person or by proxy, for
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each share of the capital stock which shall be held by
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