A. W. BRADFORD, ESQUIRE, GOVERNOR. 367

CHAPTER 271.
AN ACT to incorporate the Great Savage Tim- ber Company of Allegany county.	Passed Mar. 8, 1864.
SECTION 1 . Be it enacted by the General Assembly of Maryland, That William Schley, Cadwallader Ringgold, Samuel Ringgold Schley, and such other persons as may hereafter become associated with them in the manner hereinafter mentioned, shall be and they are hereby constituted a body politic and corporate, by the name and title of "The Great Savage Timber Company of Allegany county," and by that name shall sue and be sued, make contracts, and have all the powers, faculties, rights and franchises necessary, proper or conve- nient for the accomplishment of the ends and ob- jects of its incorporation, as well as all other pow- ers, general and incidental, belonging or apper- taining to its character and nature as a corporate body.	Incorporated.
Sec. 2. And be it enacted, That the capital stock of said company shall be two hundred and fifty thousand dollars, divided into ten thousand shares of the par value of twenty-five dollars each share, and for the purpose of obtaining subscriptions to said capital stock, books of subscription shall be opened, under the superintendence and direction of any one or more of the said persons named in the first section of this act, at such time or times, and at such place or places, as said person or persons shall deem best, notice being previously given of the time and place appointed by advertisement, at least once in every week for four successive weeks in one of the newspapers of Baltimore city, and also in one of the newspapers of the city of Cumberland; and as soon, as one thousand shares shall have been subscribed, the said company shall be authorized and empowered to act as a corporate body, and payment for all or any of said subscriptions may be made in money or in land, as may be agreed on at the time of said subscrip- tion, between the person or persons who may re- ceive said subscription, and the persons respec- tively who may subscribe as aforesaid for stock; and in case said company shall proceed to act as a	Capital stock.