190

LAWS OF MARYLAND.

Bonks to be
opened.

tions may he received to the capital stock of the
Union Railroad Company, which is hereby incor-
porated; and the said Commissioners, or a majority
of them, may cause hooks to be opened at such
times and places as they may direct, for the pur-
pose of receiving subscriptions to the capital stock
of said company, after having given such notice
of the times and places of opening the same as
they may deem proper; and upon the first opening
of said books they shall be kept open for at least
ten successive days, from ten o'clock, A. M., to
two o'clock, P. M., and if within that period such
a subscription to the capital stock of said company
as is necessary to its incorporation shall not be ob-
tained, the said Commissioners, or a majority of
them, may cause the said books to be opened from
time to time for the space of twelve months there-
after, or until the sum necessary to the incorpora-

Agents.

tion of said company shall be subscribed; and the
said Commissioners or a majority of them, may ap-
point an agent or agents to receive subscriptions
to said capital stock, and each of said Commission-
ers may individually receive such subscriptions,
and the subscriptions thus privately obtained shall
be as valid as those received by the Commissioners

In case of
death.

at the opening of the books as aforesaid; and if
any of the said Commissioners shall die, resign or
refuse to act during the continuance of the duties
devolved upon them by this act, another may be
appointed in his stead by the remaining Commis-
sioners or a majority of them.

Capital stock.

Sec. 2. Be it enacted, That the capital stock
of said company shall be sis hundred thousand
dollars in shares of one hundred dollars each, and
as soon as fifteen hundred shares are subscribed,
the subscribers, their successors and assigns, shall
be, and they are hereby declared to be incorporated
into a company, by the name of the Union Rail-
road Company of Baltimore, and by that name
shall be capable in law of purchasing, holding,
selling, leasing and conveying estates, real, per-
sonal and mixed, so far as shall be necessary for
the purpose herein mentioned, and no further, and
shall have perpetual succession, and by said corpo-
rate name may sue and be sued, and may have and
use a common seal, which they shall have power

Privileges.

to alter and renew at their pleasure; and shall
have, enjoy, and may exercise all the rights and