1835.

LAWS OF MARYLAND

CHAP. 365

CHAPTER 363.

Passed June 1,1836

An act to incorporate the Cumberland Hotel Company,

in Cumberland.

Incorporated

SECTION 1. Be it enacted ly the General Assembly of

Maryland, That David Schriver, Moore N. Falls,

John Gebbart, Richard Beall, and John Hoye and

Reubin Worthington, or a majority of them, be and

they are hereby appointed commissioners to receive

subscriptions to the capital stock of the Cumberland

Hotel Company in Cumberland, and they or any three

Open books

or more of them, are hereby authorised, alter giving

Police

five days notice in two or more newspapers, published

in Allegany county, Baltimore city, and Washington

city, to open or cause to be opened a book or books, at

such time and place or places in the said county and

elsewhere as they shall appoint, and specify in the, no-

tice so given, and receive from any free persons of full

age, or any corporation, subscriptions of one or more

shares of twenty five dollars each of the capital stock

aforesaid, to an amount not exceeding fifty thousand

dollars, such subscription to be made in person or by

proxy, proved in such manner as the commissioners

Paymfnt on sub-

shall require, and the sum of five dollars shall he paid

scribing

on each share to the commissions or to any person or

persons, by them authorised to receive subscriptions at

the time of subscribing; the said commissioners may

continue the subscription Looks open so many days as

they shall deem proper, or close them at any time af-

ter two thousand shares or more shall be subscribed,

Apportionment

and may apportion the shares in case of excess of sub-

scription, and within ten days after two thousand

Meeting to organize

shares of stock shall be so subscribed, the commission-

ears or any three or more of them shall appoint a day

and place in the town of Cumberland, of which they

shall give ten days notice as aforesaid, for the said

stockholders to meet and elect nine of the stockholders

directors of the company, to hold their office until the

next annual election, and any three or more of the

commissioners shall be judges of such election; imme-

diately after the eleetion the commissioners shall de