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Sec. 1. Be it enacted by the General Assembly of Ma-
ryland, That Nicholas G. Ridgely, Hugh M'Elderry,
Brice W. Howard, Samuel Keerle, George M'Culloch,
William M'Mahon, George Brown, Hugh W. Evans, and
John Thomas, or any three of them, shall be and they are
hereby constituted and appointed commissioners, with pow-
er to open subscription books, at some suitable place in the
cities of Baltimore ami Frederick, first giving ten days
notice thereof in two newspapers published in the said cities,
and whose duty it shall be to insert in the said books the
names of all persons who have associated under the name
and style of The Maryland Mining Company, or shall of-
fer to subscribe and join in the said association, together with
the number of shares by such persons respectively taken
or subscribed; which subscriptions to the capital stock of
the said company shall be received, subject to such rules,
limitations and terms, as shall be prescribed by the said
commissioners; and as soon as the said capital stock, or so
much thereof as the commissioners shall deem necessary to
commence the business of the said corporation, shall be tak-
en and subscribed, the commissioners shall give ten days
public notice, in the manner aforesaid, for a meeting of the
stockholders, to choose a president and eight directors, to
manage the affairs of the company; and the said commissi-
oners shall hold the said election, according to such ap-
pointment, and certify the names of the persons duly
elected, and deliver over the aforesaid subscription book, to
any subscriber to the capital slock of the said company shall
thereafter fail or neglect to pay any instalment, or part of
his or her subscription, for the space of thirty days subse-
quent to the time at which the same shall be demanded by
the president and directors of the said company, the stock
on which it is demanded shall be and become thereby for-
feited to the said company, and may be sold by the presi-
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Subscribed au-
thorised Pres-
dent and Directors
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