1835.

LAWS OF MARYLAND.

other minerals as may exist in the tract of land on

CHAP. 328.

George's ereek, called Commonwealth, now owned by

them, and such other hinds not exceeding the quantity

of ten thousand acres, as the company hereby incorpo-

rated shall hereafter acquire; and on such lands to

erect and carry on mills and manufactories of iron or

other products of said lands or mines, in order to pre-

Power as to con-

pare the same for market; and for the more ready

structing a rail road

transportation of such produce, to survey, locate and

establish and construct a, rail road or roads from the

mines or other works of the said company, to some

convenient point or points on George's creek or the

Potomac river, near the mouth of George's creek, and

the same with its necessary appurtenances to keep in

continual use and repair, and to have and exercise such

other powers and authorities as are necessarily inci-

dent to corporations, and may be necessary for the

specific purposes aforesaid.

Capital stock

SEC. 2. And be it enacted, That the capital stock

of said company shall consist of three thousand shares

of one hundred dollars each, in addition to the afore-

said lands of said John H. Alexander and Philip T.

Tyson, which shall be subscribed and constitute part

of the capital stock or property of said company, at a.

price to be made known by the commissioners authoris-

ed to receive subscriptions to the capital stock of said

company, at the times of receiving such subscriptions,

Estimate of price

and which price or value shall be estimated and fixed

by disinterested persons, one of whom shall be ap-

pointed by the Governor — one by the above named pro-

How estimated

prietors, and the third by these two, and who or a

majority of them, shall estimate and fix, on oath, the

To make return

value of said lands, and make return thereof in writ-

ing to the said commissioners, before they shall re-

ceive any subscriptions to the said capital stock.

Commissioners

SEC. 3. And be it enacted, That the subscriptions to

the capital stock of the said company shall he receiv-

under the direction of commissioners to be named by

How appointed

the said John H. Alexander and Philip T. Tyson, and

approved by the Governor, at Cumberland, at such

times and places as said commissioners or a majority

of them shall designate, after giving at least ten days