376
LAWS OF MARYLAND.
Passed May
24, 1853.
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CHAPTER 272.
AN ACT to incorporate the Frostburg and Westernport
Plank Road Company.
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Incorporated.
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SECTION 1. Be it
enacted by the General Assembly
of Maryland, That Michael P. O' Hern, William
Shaw, William H. Smith and John S. Coombs, and
their associates and successors, and all other persons
who may be stockholders as hereinafter provided, are
hereby constituted and made a body corporate by the
name of the Frostburg and Westernport Plank road
company, for the purpose of making a plank road from
some point on the National road at or east of the town
of Frostburg to Westernport in Allegany county, and
by the aforesaid corporate name, shall be, and they are
hereby made capable in law of purchasing, holding,
selling, conveying estates, real, personal and mixed so
far as may be necessary and convenient for the purposes
herein mentioned, and shall have perpetual succession
and by said corporate name, may sue and be
sued, and have and use a common seal, and the same
to alter and renew at pleasure, and also to ordain, establish
and put in execution such by-laws, ordinances
and regulations as shall seem necessary for the
management of said corporation and the preservation
of said road, and the same to alter and renew at pleasure,
and shall have and exercise all the rights, privileges
and powers, which corporate bodies may rightfully
possess for the purposes mentioned in this act.
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Capital stock.
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SEC. 2. And be it enacted,
That the capital stock of
said corporation shall be sixty thousand dollars, to be
divided into shares of fifty dollars each, which said
capital stock shall be deemed as personal property, and
shall be transferrable in such manner as the by-laws of
said corporation may prescribe.
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Commissioners.
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SEC. 3. And be it enacted,
That the said Michael
P. O' Hern, William H. Smith, William Shaw and
John S. Coombs, shall be, and they are hereby constituted
commissioners to receive subscriptions to the capital
stock of said company and they or any two of them are
hereby authorised to open books for the purpose of receiving
subscriptions to said capital stock, and shall
designate the time and place at which said subscriptions
shall be taken by giving ten days previous notice
in one newspaper published in the town of Cumberland,
and in case more stock is subscribed than is necessary
for the full and ample completion of said plank
road, the said commissioners shall apportion said subscriptions
among the stockholders in such manner, as
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