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Session Laws, 1826 Session
Volume 437, Page 97   View pdf image (33K)
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JOSEPH KENT, ESQUIRE, GOVERNOR.

United States; and generally to do and execute all such acts,
matters and things, as to them shall appertain to do.

1826.

CHAP. 122.

CHAP. CXXIII.
An Act to Incorporate the, Baltimore and Ohio Rail Road Company.

1. Be it enacted by the General Assembly of Maryland,
That Isaac M'Kim, Thomas Ellicott, Joseph W. Patterson,
John M'Kim, junior, William Stewart, Talbot Jones, Roswel
L. Colt, George Brown, and Evan Thomas, be and they are
hereby appointed commissioners, under the direction of a ma-
jority of whom subscriptions may be received to the capita
stock of the Baltimore and Ohio Rail Road Company, hereby
incorporated; and they, or a majority of them, may cause book:
to be opened at such times and places as they may direct, for the
purpose of receiving subscriptions to the capital stock of sai(
company after having given such notice of the times and place
of opening the same as they may deem proper; and that upon
the first opening of said books, they shall be kept open for at

least ten successive days, from ten o'clock A. M. until two
o'clock P. M. and if at the expiration of that period such
subscription to the capital stock of said company, as is necessa-
ry to its incorporation, shall not have been obtained, the said
commissioners, or a majority of them, may cause the said
books to be opened, from time to time, after the expiration of
the said ten days, for the space of twelve months thereafter, or
until the sum necessary to the incorporation of the company
shall be subscribed, if sooner subscribed; and if any of th
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 com-
missioners, or a majority of them.

Passed Feb 23, 1827

Commissioners to
open books for
subscriptions

2. And be it enacted, That the capital stock of the said Bal-
timore and Ohio Rail Road Company, shall be three millions of
dollars, in shares of one hundred dollars each, of which ten thou-
sand shares shall be reserved for subscription by the state of Ma-
ryland, and five thousand for the city of Baltimore, for the space
of twelve months after the passage of this act by the legislature of
Maryland, and the remaining fifteen thousand shares may be sul-
scribed for by any other corporation or by individuals; and th;
as soon as ten thousand shares of the said capital stock shall be
subscribed, the subscribers of the said 'stock, their successors and
assigns, shall be, and they are hereby declared to be, incorporat-
ed into a company, by the name of The Baltimore and Ohio Rail
Road Company, and by that name shall be capable in law of
purchasing, holding, selling, leasing and conveying, estates real
personal and mixed, so far as shall be necessary for the purposes
hereinafter mentioned, and no further; and shall have perpetuated
succession, and by said corporate name may sue and be sued, and

may have and use a common seal, which they shall have power
to alter or renew at their pleasure, and shall have, enjoy and may
exercise, all the powers, rights and privileges, which other cor-
porate bodies may lawfully do, for the purposes mentioned
this act

Capital stick—
subscribers incor-
porated




 
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Session Laws, 1826 Session
Volume 437, Page 97   View pdf image (33K)
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