THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

CHAPTER 92.

CHAP. 92.

An act supplementary to an act, entitled, an act to incor-

Passed Mar. 11, 1836

porate a company, to be styled the Allegany Coal Mine

Rail Road Company, passed at December session,

eighteen hundred and thirty-one, chapter one hundred

and sixty-eight.

SECTION 1. Be it enacted by the General Assembly of

Capital increased

Maryland, That the capital stock of the Allegany

to $150,000

Coal Mine Rail Road Company, shall he increased to

the sum of one hundred and fifty thousand dollars, in

shares of twenty-five dollars each, which may be sub-

scribed for, by any corporation, firm or individuals,

and as soon as four thousand shares of the said capital

stock shall have been subscribed, the subscribers, their

successors and assigns, shall be and they are hereby

declared to be incorporated into a company by the

Incorporated

name and style of the Allegany Coal Mine Rail Road

Company.

SEC. 2. And be it enacted, That if more than six

Case of excess of

thousand shares shall be subscribed to the capital stock

subscription

of said company, the commissioners named in the ori-

ginal act, or a majority of them shall reduce the sub-

scription to six thousand shares, by striking off from

the largest number of shares in succession, until the

subscriptions shall have been reduced to six thousand

shares or all the subscriptions to one share, and if

there be still an excess, then lots shall be drawn by

the commissioners to determine who are to be excluded.

SEC. 5. And be it enacted, That upon all subscrip-

Instalments — pay-

tions for stock of said company, there shall be paid at

ment

the time of subscribing to the commissioners or their

agents appointed to receive such subscriptions, the

sum of two dollars on every share subscribed, and the

residue thereof shall be paid in quarterly payments,

and in instalments not exceeding fire dollars on each

share at any one payment, provided, that no payment

Notice

shall be demanded, until at least thirty days public

notice of such demand shall have been given by the

President and Directors.

13