THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

Nourse, Charles Williams, Orlando Haniman, John

CHAP. 326

C. Baldwin and F. L. Wilsey, or a majority of them,

at such times and places as they shall designate, giv-

ing at least ten days' previous notice, in one or more

newspapers, printed in the town of Cumberland, in the

city of Washington, and such other places as they or a

majority of them shall deem necessary, and each sub-

scriber shall pay at the time of subscription, to the

commissioners receiving the same, the sum of twenty

$20 on each share

dollars on each share, by him, her or them subscribed,

and every person who shall so subscribe for, or become

the owner of one or more shares of said stock, shall in

virtue of such ownership, be a member of the said cor-

poration, and shall be entitled at "all meetings of the

stockholders, to one vote, in person or by proxy, for

each share of the capital stock which shall be held by

such person, and the shares of the said capital stock shall

Transferable

be assignable or transferable, and shall be considered

as personal property.

SEC. 5. And be it enacted, That the lands and mines

Lands and mines a

of the said J. L. Skinner, John R. Nourse, Charles

part of capital

Williams, Orlando Haniman, John C. Baldwin and

F. L. Wilsey, shall constitute a part of said capital

stock, at such prices as may be agreed upon between

them on the one part, and such persons as may be here-

after associated with them, and constitute the aforesaid

corporation by subscribing for stock payable in mo-

ney.

SEC. 6. And be it enacted. That the capital stock of

Capital stock

said company shall consist of ten thousand shares, of

one hundred dollars each, and no more, unless the

company shall purchase and hold other coal and iron

lands contiguous, in order to add to and to increase

Power of increase

the interest of said company in the premises, in which

case the company may enlarge the amount of tiicir

stock, five thousand shares for every thousand acres so

added to the lands they now hold, and no further ad-

dition shall be made to the amount of this stock on

account of any further purchases they may make.

SEC. 7. And be it enacted, That any company here-

To pass over lands

after formed shall have the privilege of passing over

the lands of said Allegany Mining company, so as to