E. LOUIS LOWE, ESQUIRE, GOVERNOR.
497
style of the Fairview and Funkstown Turnpike road
company, and shall have succession during the continuance
of this act, and shall be capable of taking and
holding the capital stock, and the increase and profits,
and declaring dividends thereon; to increase the
capital from time to time, by new subscriptions on the
terms prescribed, and subject to the limitations of this
act, and of sueing and being sued, answer and being
answered, and the said company shall have power to
make and use a seal, and the same to alter, break or
renew at pleasure.
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SEC. 4. And be it enacted,
That subscription books
be opened for a capital stock not to exceed twelve
thousand dollars, in shares of twenty dollars each, and
that subscriptions be taken at such times and places as
the commissioners named in this act may select and
agree upon, until a sufficient amount of stock shall have
been subscribed to complete the said road; Provided,
that due notice shall have been given in one or more
newspapers published in said county, of the time and
place of opening the subscription books.
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Subscription
books to be
opened.
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SEC. 5. And be it enacted,
That David Clagett,
John S. Rowland, George Shafer, John W. Stouffer,
Adam Shoup, S. S. Cunningham, Henry Wolf,
Joseph T. Van Lear, Andrew Friend, E. G. W. Stake,
and Alexander Neill, or any five of them shall constitute
a board of commissioners to receive subscriptions
to the capital stock of said company, who shall, whenever
in their judgment a sufficient amount of stock
shall have been subscribed, give notice to the subscribers
that an election will be held for a president and
five managers, treasurer and such other officers as may
be deemed necessary to conduct the business of said
corporation, and upon such notice the aforesaid subscribers
shall convene in the town of Williamsport, or
some other convenient place upon the line of said road,
and proceed to organise said corporation by the election
of the officers aforesaid, a majority of them present in
person or by proxy, shall determine the election, the
same to be expressed by ballot, the aforesaid commissioners,
or any three of them acting as judges of said
election.
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Commissioners.
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SEC. 6. And be it enacted,
That the president and
board of managers elected under the provisions of this
act, shall continue in office one year from the date of
their election, and shall have power to fill any vacancy
or vacancies that may occur for the unexpired term, a
a majority of those present determining the same in
such manner as they may deem proper, and shall enact
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Power of president
and
managers.
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