102

LAWS OF MARYLAND.

survey shall be recorded in the office of the Clerk
of the Circuit court for the county in which the
land survey is situated, and the record thereof shall
he evidence of the route and limits of such part of
the said road.

Power to re-
ceive deeds
for lands.

Sec. 26. And be it enacted, That the said com-
pany may have the privileges, and they are hereby
empowered at their option to receive on subscrip-
tion to their capital stock in lieu of money, mortgage
or deeds for lands at such valuation and on such
terms as may be agreed upon by said company, and
such subscription and all lands so received shall
he exposed to sale in good faith within ten years

Proviso,

from the date of said deeds respectively; provided,
that nothing herein contained shall he construed
to authorize the said company to release any cash
subscriptions by accepting land in lieu thereof.

President to
make affida-
vit,

Sec. 27. And be it enacted, That as soon as the
bona fide subscriptions to the capital stock of the
said company shall amount in the aggregate to
the sum of one hundred and one thousand one
hundred and seventy-five dollars, the President of
the said company shall make affidavit that such
bona fide subscriptions to the amount aforesaid
have been actually made, and shall transmit said

Treasurer au-
thorized to
subscribe.

affidavit to the Governor of this State; and there-
upon the Treasurer of this State shall be and he is
hereby authorized and directed in the name and on
behalf of this State to subscribe for so many shares
of the capital stock of the said company as shall
amount to the said sum of one hundred and one
thousand one hundred and seventy-five dollars,
and the said Treasurer shall out of any unappro-
priated money in the Treasury, as per act of eigh-
teen hundred and sixty, chapter three hundred
and three, pay the instalments on each share of the
said capital stock for which he may subscribe as
aforesaid on the warrant of the Comptroller, which
the latter officer is hereby directed to issue as the
said instalments may be called for agreeably to the

Proviso.

provisions of this act; provided, that the Treasurer
shall not at any time pay upon the State subscrip-
tion to the capital stock of the said company a greater
amount than shall have been actually paid by the
other subscribers to the said capital stock.

State entitled
to two direc-
tors.

Sec. 28. And be it enacted, That as soon as the
Treasurer shall have subscribed in the name and