| 182
Dec. Ses. 1825. |
JOSEPH KENT, ESQUIRE, GOVERNOR.
the said real estate shall not exceed twenty acres in any one lot
or parcel, and shall be capable of suing and being sued, answering
and being answered; and the said corporation shall have
power to make a seal, and alter and break and renew the same
at their will and pleasure. |
Installments
payable. |
5. And be it enacted, That the sum
so subscribed shall be
paid to the president and managers agreeably to this act in the
manner following, to wit: one fifth part thereof (including the
one dollar paid to the commissioners at the time of subscribing)
at the end of one month after the election of the managers, and
the remainder in such sums, and at such times and places as the
president and managers shall appoint, they giving at least twenty
days notice of the payment so required, in the newspapers
aforesaid. |
Elections and
powers of directors.
Proviso. |
6. And be it enacted, That the president
and managers first
elected as aforesaid, shall hold their seats until the first Monday
which shall happen in the month of December next following
the election to be made agreeably to the mode prescribed as
aforesaid, and upon the first Monday of December in each and
every year thereafter, there shall be a new election for nine managers,
who shall on the second Monday of December in each
and every year, elect a president out of their own body; and the
president and managers thus elected annually shall have full power
and authority to appoint a treasurer, and to make, alter and repeal
bye-laws for the government of the company; Provided always,
That the same are not inconsistent with this act, or the
laws of this state or of the United States. |
| General powers. |
7. And be it enacted, That the said
president, managers and
company, shall be, and hereby are invested and clothed with all
the privileges, rights, immunities and advantages which are held
and possessed by the turnpike company incorporated by an act
passed at November session, eighteen hundred and nine, entitled,
an act to incorporate a company to make a turnpike road
from near Ellicott's lower mills towards Georgetown, in the district
of Columbia; to be governed by the same regulations as are
therein prescribed and be entitled to the same tolls, and every
clause and provision of the said act, relative to the road therein
proposed to be made, so far as the same are applicable to and
not inconsistent with this act. |
Subscriptions
authorised. |
8. And be it enacted, That it shall
and may be lawful for any
corporation or body politic, and for the government of the United
states to subscribe for any number of shares of stock in the
said company upon the same terms as other subscribers are authorised
to take and subscribe for the same. |
|
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Passed March
7, 1826. |
CHAPTER 188.
An additional supplement to an act, entitled, an act for the benefit
of the
University of Maryland. |
Appropriation
to the department |
Sec. 1. Be it enacted by the General Assembly
of Maryland,
That out of the next proceeds that may be received from the |
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