JAMES THOMAS, ESQUIRE, GOVERNOR.

1832.

this act; notice have been duly given in the two papers c
printed in the town of Cumberland, Maryland; the paper,
in the town of Romney, and the paper in the town of
Clarksburgh, Virginia, of the time and place of opening
said books, and to continue from time to time, so long,

ving due notice, complete such subscription.

CHAP. 277.

Sec. 2. And be it enacted, That the capital stock of said
company, shall be so regulated in amount as the aforesaid
commissioners may deem sufficient for the commencement
and completion of said work, so as to be equal in grade, qua-
lity and dimensions, with the north western Turnpike road

Capital stock.

of Virginia, at fifty dollars per share, and all individuals

Shares $10.

and bodies politic, and corporate are hereby authorized
and empowered, whether in the state of Virginia, or Mary-
land, to subscribe for such amount of said stock, as they

Privilege to sub-

scribe

may think proper; Provided, nevertheless, that if the sub-
scription shall exceed the amount required, the commis-

a just apportionment of the amount subscribed, to the se-
veral and respective subscribers.

Case of excess of

subscription

Sec. 3. And be it enacted, That the several subscribers, ,
whether individuals or bodies politic or corporate, shall at
the time of said subscription pay the sum of five dollars to
said Commissioners for each share, and the residue thereof
shall be paid at such time, and in such manner as may be
thought necessary and expedient by the President and Di-
rectors of the Company to be by this act incorporated.

Payment on sub-

scribing

Instalments.

Sec. 4. And be it enacted, That whenever a sufficient sum
of money shall have been subscribed, at the discretion of
said Commissioners as aforesaid, for the commencement
and completion of said work, that the said subscribers shall

Corportate powers

granted

be declared to be incorporated, and made a body politic and
corporate, by the name and style of "The Northwestern
Turnpike Road Company of Allegany," for the purpose of
making a turnpike road from the north branch of the Poto-
mac, in and through Allegany county, to the north-west
Virginia line, so as to intersect at each point with the north-
western turnpike road of Virginia, and shall have perpetual
succession; Provided, said work shall have been put in oper-
ation within the space of three years; otherwise, to be null
and void.

Name and style

Sec. 5. And be it enacted, That the aforesaid company so
incorporated, shall be capable in law to have, purchase, re-
lands, tenements, hereditaments, goods, chattels, and ef-

Legal capacity