472

LAWS OF MARYLAND.

such times and places as they may direct, for the

purpose of receiving subscriptions to the said capital

stock of said company, after having given such no-

tice as they shall deem proper, and if such subscrip-

tions to the capital stock of said company as is neces-

sary for its incorporation be not previously obtained,

the said books may be opened from time to time, at

the discretion of said commissioners, or a majority

of them, and in each of the said books shall be made

the following entry : We, whose names are hereunto

Form of en-

subscribed, do promise to pay to the Baltimore, High-

try.

landtown and Riverview Railroad Company, the sum

of twenty dollars for each and every share of stock

set opposite our respective names, and in such mari-

ner and proportions, and at such times as shall be de-

termined by the president and directors of said com-

pany, in pursuance of an act of the General Assembly

of Maryland, entitled "An act incorporating the Bal-

timore, Highlandtown and Riverview Railroad Com-

pany," as witness our hands this —— day of —— ,

in the year one thousand eight hundred and seventy

—— . And in case any of said commissioners shall

Vacancies to

die, resign or refuse to act, another may be appointed

be filled

in his stead by the remaining commissioners, or a

majority of them, and the said commissioners shall

be the first directors of said company, and shall con-

tinue such until their successors are duly elected and

qualified, as hereinafter mentioned.

SEC. 2. And be it enacted, That any individuals

Individuals
may sub-

or any corporations incorporated by the laws of
this State, or doing business in this State, may sub-

scribe.

scribe for such portion of the stock of the said com-

pany as to the said individuals, corporation or cor-

porations may seem proper.

SEC. 3. And be it enacted, That the capital stock

of the Baltimore, Highlandtown and Riverview

Railroad Company shall be sixty thousand dollars,

in shares of twenty dollars each, which said capital

Capital stock.

may be increased at the discretion of the directors,

to be appointed as hereinafter provided for, to an

amount not exceeding one hundred thousand dollars,

and as soon as five hundred shares of the capital

stock shall be subscribed, the subscribers to the said

stock, and their successors, shall be and they are