1827.

LAWS OF MARYLAND.

CHAP 108

day in which the said books shall be opened, nor more than
one hundred shares on the second; and if after the expiration of
the said three days, the said boo|s shall not have for the said
road the full number subscribed, the said commissioners may
adjourn from time to time until the number of shares shall
be subscribed, of which adjournment public notice shall be .
given in the newspapers aforesaid, and when the said sub-
scriptions in the said books shall amount to the said number,
the same shall be closed: Provided always. That every person
offering to subscribe in the said book in his own name, or in
the name of any other person, shall upon subscribing, pay to
the attending commissioner or commissioners, one dollar for
every share to be subscribed out of which shall be defrayed
the expense attending the taking such subscription, and
other incidental charges, and the remainder shall be deposited
in such banks as may be most convenient to the said commis-
sioners, for the use of the company aforesaid, as soon as the
same shall be organized, and the officers chosen as hereinafter
mentioned.

Meeting to orig-
nize-appoint offi-
cers

SEC, 3. And be it enacted, That when five hundred shares
or more of the stock in the said company shall have been
subscribed, the said commissioners heretofore named, or a
majority of them, shall, as soon as conveniently may be, give
thirty days notice in the papers aforesaid, of the time and
place by them appointed for the subscribers to meet in order
to organise the said corporation, and to choose, by ballot,
eight managers, who, when they shall have been organized
by their electing a president, either from their own body, or
the stockholders at large, shall have full power and authority
to appoint a treasurer, and such other officers as shall be
deemed by them necessary to conduct: the business of the said
company, and the same to remove, re-appoint, or their vacan-
cies to fill at their will and pleasure.

Corporate powers
granted—may ex-
tend the capital.

SEC. 4. And be it enacted, That all persons who shall be-
come subscribers to the said road, their successors and as-
signs shall be, and are hereby made a corporation and body
politic, by the name and style of the Conewingo and Wil-
mington Turnpike Company, and by the same name, the said
subscribers and their successors and assigns, shall have suc-
cession during the continuance of this corporation, and shall
have all the privileges and franchises of, or incident to a cor-
poration, and shall be capable of taking and holding the said
capital stock on the, increase and profits thereof, and of en-
larging the same from time to time by new subscriptions or
the original terms, in such manner and form as they shall
think proper, if such enlargement shall be found accessary
to fulfil the intent of this act, and of purchasing and taking
to them and their successors, in fee simple and for any, lesser
estate, al! such lands, tenements, hereditaments and estate,
real and personal, as shall be necessary to them in the prose-
cution of their works, provided the said real estate shall not
exceed twenty acres in any one lot or parcel, and of suing or
being sued, answering or being answered, and the said com-