1836.

LAWS OF MARYLAND.

CHAP. 196.

Passed Mar. 16,
1837.

CHAPTER 19G.

An act to incorporate a company to supply the town of
Frostburg in Allegany county, with an abundant
supply of water.

Corporation cre-
ated

SECTION- 1. Be it enacted by the General Assembly of
Maryland, That a company be, and they are hereby
incorporated and made a body politic for the purposes
herein after mentioned, and that the said body politic

Style

shall be known and distinguished by the appellation of
the President and Directors of the Frostburg Water

Corporate pow-
ers

Company, and shall have full and ample power and
authority to do. perform and execute all and every mat-
ter and thing which a similar corporation may, or
rightfully can do, and shall have succession during the
continuation of this act, and by the name aforesaid may
sue and be sued, answer and be answered in any court
of law or equity in this State or elsewhere.

Capital stock
$6000

SEC. 2. And be it enacted. That the capital stock of
the said corporation shall not exceed six thousand dol-
lars, to be divided into two hundred and forty shares

Subscription
opened

of twenty-five dollars each, and that subscriptions to
the said capital stock shall be opened in the town of
Frostburg under the direction of Mcshack Frost, Jo-
seph Dillcy, George H. Krebs, and John Powell, or

Notice required

any two or more of them, on a day appointed by them
for that purpose, and notified in the papers published
in the town of Cumberland at least three weeks pre-
vious thereto, who shall meet on the day appointed for
receiving subscriptions at ten o'clock, A. M. and con-
tinue the same open until five o'clock, P. M. and if the

Apportionment

subscriptions shall exceed the capital stock the com-
missioners shall apportion the same according to the
subscribers by proportionate deductions, so that the
whole be reduced to the proper limit; but if the said
subscriptions shall not be filled on the first day, the
commissioners aforesaid may adjourn from day to day
until the whole stock is subscribed, and those who have
previously subscribed shall be entitled to the stock in

First instalment

said company, from each of whom the said commis-
sioners shall exact the first instalment of three dollars
on each share so subscribed.