352

LAWS OF MARYLAND.

be raised under the direction of the said Lemuel
W. Gosnell, Samuel S. Woolston and Charles
Spilker, or a majority of them, at such times and
places as they shall designate, giving at least ten
days previous notice in two or more newspapers of
the city of Baltimore, and each subscriber shall
enter his, her or their name in a book in which
shall be written: We, whose names are hereunto
subscribed, do promise to pay to the Baltimore
Academy of Music the sum of one hundred dollars
for each share of stock set opposite our names re-
spectively, in such manner and proportions as shall
be determined by the corporators of the Baltimore
Academy of Music. Witness our hands and seals
this —— day of —— , A. D —— , that each sub-
scriber shall pay to the above named Gosnell,
Woolston and Spilker the sum of twenty dollars
on every share of stock so subscribed, out of which
money shall be paid the expenses of taking the
subscription and incidental charges, and the re-
mainder shall be paid over to the Treasurer of the
corporation as soon as the same shall be organized.

Relating to
real estate.

Sec. 4. And be it enacted, That it shall and may
be lawful for the said corporation to lease or pur-
chase and hold such real estate as they may deem
necessary, and to erect thereon and furnish such
building or buildings suitable for the representa-
tion of operatic, dramatic and other performances,
and to lease the said building and appurtenances,
from time to time, to such persons as they may
deem proper for the purpose of giving such repre-
sentations, or to employ or contract with persons
for doing the same.

Officers to be
elected

Sec. 5. And be it enacted, That when in the
opinion of the Commissioners a sufficient number
of shares to the capital stock shall have been sub-
scribed to, they shall call a general meeting of the
subscribers for the purpose of electing nine Direc-
tors to manage the affairs of the company until
their successors shall have been elected as hereafter
provided for; that the said nine Directors shall
meet at such time as they or a majority of them
may agree, and shall at the first meeting after
their election, or as soon thereafter as conveniently
may be, choose one of their number President of
their board for the ensuing year, and may also