246
LAWS OF MARYLAND.
Books to be
opened.
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Lingan Gaither, Francis C. Clopper, of Montgomery
county; Daniel Weisel, James Wason, and
Elias Davis, of Washington county, be, and are hereby
appointed commissioners, under the direction of a majority
of whom subscriptions may be received to the
capital stock of the Metropolitan rail road company
hereby incorporated; and they or a majority of them,
may cause books to be opened at such times and places
as they may direct, for the purpose of receiving subscriptions
to the capital stock of said company, to
which any person, corporation or association of individuals
may subscribe, after giving such notice of the
times and places of opening the same as they may
deem proper; and that upon the first opening of said
books, they shall be kept open for at least ten successive
days, from ten o'clock A. M. until two o'clock
P. M., and if at the expiration of that period, such a
subscription to the capital stock of said company, as is
necessary to its incorporation, shall not have been obtained,
the said commissioners or a majority of them,
may cause the said books to be opened from time to
time, after the expiration of the said ten days for the
space of twelve months thereafter, or until the sum
necessary to the incorporation of the company shall be
subscribed, if sooner subscribed, and if any of the said
commissioners shall die, resign, or refuse to act during
the continuance of the duties devolved upon them by
this act another may be appointed in his stead by the
remaining commissioners, or a majority of them.
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Capital stock.
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SEC. 2. And be it enacted,
That the capital stock
of said Metropolitan rail road company, shall be two
millions dollars, in shares of fifty dollars each; and as
soon as ten thousand shares of said capital stock shall
be subscribed, the subscribers of said stock, their successors
and assigns, shall be, and they are hereby declared
to be incorporated into a company by the name
of the Metropolitan rail road company, and by that
name shall be capable in law of purchasing, holding,
selling, leasing, and conveying estates, real, persona,
and mixed, so far as shall be necessary for the purposes
hereinafter mentioned, and no further, and shall have
perpetual succession, and by said corporate name
may sue and be sued, and may have and use a
common seal, which they shall have power to alter
and renew at their pleasure, and shall have, enjoy,
and may exercise all the powers, rights and
privileges which other corporate bodies may lawfully
do for the purposes mentioned in this act.
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