WM. T. HAMILTON, ESQUIRE, GOVERNOR.

333

by a majority in value of the bona fide stockhold-

ers of said company at a special meeting of said

stockholders to be called for this purpose; and

whereas it has been certified to this General As-

sembly that at a special meeting of the stock-

holders of said company duly called for the pur-

pose, and held on the seventh day of May, eigh-

Preamble.

teen hundred and seventy-seven, by the votes

of a majority in value of the bona fide stockholders

of said company, it was resolved and agreed to

accept the provisions and conditions of said act

of eighteen hundred and seventy-six, chapter nine-

ty-four, whereupon and whereby said act took

effect and became in force; and whereas, in pur-

suance of the provisions of said act of eighteen

hundred and seventy-six, chapter ninety-four, the

said Liberty and New Windsor Turnpike Com-

pany, in Frederick and Carroll counties, did exe-

cute to James Pearre, of Frederick county, a bond

of said company for the sum of five thousand two

hundred dollars, for money due and owing from

said company to the said James Pearre on ac-

Preamble.

count of the building, construction and repair of

the road of said company and for work done,

materials provided and money lent in and about

the same, said bond of said company bearing date

July first, eighteen hundred and eighty, and paya-

ble one year after date with interest from date,

and did also further, in pursuance of said act of

eighteen hundred and seventy-six, chapter ninety-

four, and on the said first day of July, eighteen

hundred and eighty, execute to the said James

Pearre a mortgage on its property and rights of

property of all kinds and descriptions, real, per-

sonal and mixed, including its franchise as a cor-

poration, to secure the payment of the aforesaid

bond for the said sum of five thousand two hun-

dred dollars and the interest thereon; and where-

as it may be found necessary to sell the properties

and franchises of said company under the provi-

Preamble.

sions of the aforesaid mortgage, in order to pay

and discharge said bond and mortgage; and where-

as, in the event of a sale of the said properties

and franchises of said company, it is deemed de-

sirable and important that there should be a re-