THOMAS SWANN, ESQUIRE, GOVERNOR.

129

Sec. 2. And he it enacted, That the capital stock
of said company shall be twenty-five thousand dol-
lars, in shares of twenty-five dollars each.

Capital stock.

Sec. 3. And be it enacted, That the subscription
books of said company shall be opened at Warren
Factory, on or before the first day of June next,
for subscriptions to the capital stock of said com-
pany, and that Amon Green, Benjamin B. Ridge-
ly, Thomas T. Griffith, George K. Royston, Ed-
ward Price, John Curtis, George H. Cole and
Zephaniah Poteet, be and they are hereby appoint-
ed commissioners to receive such subscriptions.

Books to be
opened.

Sec. 4. And be it enacted, That when one hun-
dred shares of said stock shall have been subscrib-
ed, and fifty shares paid in, the said commis-
sioners shall give twenty days notice to the sub-
scribers to meet at a time and place to be fixed by
the said commissioners for the purpose of organiz-
ing said company, and the said subscribers at
such meeting shall elect a President and five Di-
rectors to serve until the second Monday in Jan-
uary thereafter, and until their successors shall be
elected and qualified, and the Stockholders of said
company shall annually, on the second Monday of
January or within sixty days thereafter, elect a
President and five Directors.

Organization.

Sec. 5. And be it enacted, That the Stockholders
of said company are hereby created a body politic
and corporate by the name and title of the Warren
and My Lady's Manor Turnpike Company, and by
that name shall have perpetual succession, and
shall have the privileges and franchises of a cor-
poration, and may sue and be sued, make a cor-
porate seal, and by-laws for the regulation of the
company.

Name..

SEC. 6. And be it enacted, That the sums so
subscribed for the stock of said company, shall be
payable to the President and Directors aforesaid,
in such sums and at such times as they may direct
and require.

Sums payable

Sec. 7. And be it enacted, That the President
and Directors of said company shall manage all
the affairs and concerns, and that those of the
Directors with or without the President, shall con-
stitute a quorum for the transaction of any busi-
ness; and that if a vacancy occurs in the Presi-
9

Management