JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 473

hereby declared to be incorporated into a company	How incor-
by the name of the Baltimore, Highlandtown and	porated.
Riverview Railroad Company, and by that name
shall be capable in law of purchasing, holding, sell-
ing, leasing and conveying estate, real personal and
mixed, so far as shall be necessary for the purpose
hereinafter mentioned, and no further, and shall have
perpetual succession by said corporate name ; may
sue and be sued, and have and use a common seal,
which they shall have power to alter or renew at
pleasure, and shall have and enjoy and may exercise
all the powers, rights and privileges which are neces-
sary for the purposes mentioned in this act.
SEC. 4. And be it enacted, That upon every sub-
scription there shall be paid at the time of subscribing,
to the said commissioners or their agents appointed	Amount to
to receive such subscriptions, the sum of one dollar	be paid.
on every share subscribed, and the residue thereof
shall be paid in such installments as the president
and directors of the said railroad company hereinafter
directed to be appointed shall require ; provided
that no payment shall be demanded until notice be
given in such manner as the said president and di-
rectors may elect ; and if any subscriber shall fail or
neglect to pay an instalment or part thereof thus
demanded for the space of sixty days next after the
time the said installment shall be due and payable,
the stock on which it is demanded shall be forfeited	Forfeiture.
to the company, but the president and directors may
remit any such forfeitures on such terms as they
shall deem proper ; provided always that in addition
to the forfeitures aforesaid the said company shall be
entitled to receive, sue for and recover the said in-
stallment and subscription due as aforesaid, and in
such manner as other debts and claims are now
recoverable by law.
SEC. 5. And be it enacted, That if the subscrip-
tions herein deemed necessary to the incorporation
of said company shall not be obtained within two
years after the first opening of the subscription books
by the said commissioners, this act and all the sub-
scriptions under it shall be null and void, and the	Null and void
said commissioners, after discharging the expenses of
opening the books, shall return the residue of the