JOSEPH KENT, ESQUIRE, GOVERNOR,

1827

Creswell, Cornelius Smith, James Gerrey, Lewis Thomas,
Washington Hall, and Alexander E Grubb, who are hereby a
pointed commissioners tor the purposes aforesaid,who shall on
or before the first Monday in May, eighteen hundred and thirty,
procure books, and in each enter as follows, to wit: We whose
names are hereunto subscribed, do promise to pay to the pre-
sident and managers of the Port Deposit and Columbia turn-

CHAP. 182

pike road company, the sum of twenty five dollars for every
share of stock in said company, set opposite to our names,
witness our hands this day of eighteen hun-
dred and and shall give notice in two of the public
papers in Baltimore, and in the newspaper printed in the town
of Elkton, for one month at least, of the times when, and the
places in Cecil county where the said books will be open to
receive subscriptions of stock for the said company, at which
times and places some one or more of the said respective com-
missioners shall attend, and shall permit and suffer all persons
who shall offer to subsbribe in person, or by attorney duly
authorised, in the said books, which shall he kept open for that

Payment on sub-
scribing.

purpose at least four hours every day, for the space of three
days, if three days shall be necessary : Provided, nevertheless,
That the said commissioners shall not permit any one person
or company to subscribe for more than fifty shares in the said
company, during the first 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 books
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 subscriptions 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 books in
his oxvn name, or in the name of any other person, shall upon
subscribing, pay to the attending 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 commissioners,
For the use of the company aforesaid, as soon as the same
shall be organized, and the officers chosen as hereinafter men

Proviso

tioned.
Sec. 3, And be it enacted. That when five hundred shares
or more of the stock in the said company shall have been sub-
scribed, the said commissioners heretofore named, or majo-
yity 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 tor the subscribers to meet in order to organ-
ize the said corporation, and to choose by ballot eight mana-
gers,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 trea-
surer and such other officers as shall be deemed by them ne-

Meeting: to orga-
nize— officers