JAMES THOMAS, ESQUIRE, GOVERNOR.

1832.

Turnpike Company, for the purpose of making a turnpike
road from Conowingo, in Cecil county, to the Pennsylvania
line, and, by the aforesaid name, to have perpetual succes-
sion, and shall be capable in law, to have, purchase, re-
ceive, possess, and enjoy, to them and their successors,
lands, tenements, hereditaments, goods, chattels, and ef-
fects, of what kind, nature, or quality soever, and the same
to grant, demise, convey, and dispose of, to sue and be
sued, plead and be impleaded, answer and be answered,
defend and be defended, in any court of record, or any
place whatsoever; and also to make, have and use a common
seal, and the same to break, alter and renew at pleasure,
and also to ordain, establish and put in execution, such
by-laws, ordinances, and regulations, as shall seem neces-
sary and convenient for the government of the said corpo-
ration, and the management and conduct of their affairs;
Provided, the same be not contrary to the laws and the
constitution of the State of Maryland, or of the United
States.

CHAP. 274.

Sec. 4. And be it enacted, That whenever shares to the
amount of two thousand dollars shall have been subscrib-
ed, the said company or a majority of them, shall call a
general meeting of the subscribers, to be held in the town

fixed upon, and such of the said subscribers as shall be
present at the said meeting, or a majority of them, shall

Mating to orga-

nize

be empowered to elect a president and four directors to
manage the affairs of the company for one year, and until
a new election of president and directors shall be had in

Choose president

and directors

the manner directed by the by-laws of the company; and
that every subscriber shall be entitled to one vote for every
share that he may own.

Votes

Sec. 5. And be it enacted, That the said president and di-
rectors shall have power to appoint the time, and direct the
manner of holding the election for president and directors,
which election shall be annual, may provide for calling the

Annual election.

general meetings of the stockholders, may provide the
mode of transferring the stock of the company, and of fur-

General meeting

nishing evidences of the ownership of shares of said com-
pany, may have authority to fix the amount of toll to be
paid by persons using or passing along and on said road.

Fixing tolls.

Sec. 6. And be it enacted, That the president and direc-
tors, who may be chosen in the manner hereinbefore provid-
ed for, be, and they are hereby authorized and empowered
to cut, dig, and make the said Turnpike road from Cono

Authority to con-

struct road/