JOHN FRANCIS MERCER, ESQUIRE, GOVERNOR; NOVEMBER.

1801,

register of the said corporation, whose duty it shall be to keep a fair and regular account of then
proceedings, which shall be subject to the inspection of any of the members belonging to the said
congregation,

C' H A P. LII.

C H A P.

LI.

An ACT to incorporate a company to open a turnpike road from
Fort Cumberland to the western side of the Laurel hill, at or near
Union-town.

Passed 31st of
Dec. 1801.

BE IT ENACTED, by the General Assembly of Maryland, That a subscription be opened for a ca-
pital of twenty-five thousand dollars, in shares of one hundred dollars each, and that Thomas
Beall, of Samuel, Hanson Briscoe, David Hoffman, William M^cMahan, Charles F. Brodhagg,
Ninian Cohron and George Hoffman, be and they are hereby appointed managers for taking in sub-
scriptions for the shares aforesaid, and they, or a majority of them, shall and may appoint any and
as many persons under them, as they, or a majority of them, may think necessary, to take in sub-
scription ; and the subscription books shall be continued open under the aforesaid managers until
one hundred and fifty shares be subscribed, at which time it shall be the duty of the managers to
call a meeting of the subscribers, and the said managers shall make out a just and true list of all
the subscribers, with the shares subscribed by each; and the said managers shall cause a just and
true list to be made out and returned, under their hands and seals, to the clerks of the courts of
Allegany county, Maryland, Fayette and Somerset counties, in the commonwealth of Pennsylva-
nia, who are severally authorised and required to record the same among the records of said coun-
ties, and an attested copy of such record, under the hands of the said clerks, and seals of their
office, or either of them, shall in all cases be sufficient evidence of such subscription.

A subscription
to be opened,
&c.

II. AND BE IT ENACTED, That the shares subscribed as aforesaid shall be paid in the following
manner; that is to say, every person, at the time of the first election for managers by this act
directed to be made, shall pay ten dollars for each share bv him subscribed to the managers afore-
said, and that the remaining ninety dollars for each share shall be paid to the president and ma-
nagers elected agreeably to this act as follows : Ten dollars by every subscriber for each share sub-
scribed by him within six months from the election of the said president and managers, and ten dol-
lars every six months thereafter until the whole of the said shares shall be paid; and if any person
shall fail to make any of the payments aforesaid within twenty days from the time when it ought
to have been paid, he shall forfeit the sum or sums by him before paid, also his right to his sub-
scription, and the president and managers shall have liberty to dispose of such forfeitures for the
use of the road.

Shares, how to
be paid, &c

III. AND BE IT ENACTED, That every subscriber shall be entitled to vote by himself, his agent
or proxy, appointed under his hand and seal, at all elections in virtue of this act, and shall have
as many votes as he has shares, so far as five shares, and one vote for every five shares thereafter;
provided, that no stockholder shall have more than ten votes.

Every sub-
scriber to vote

&c.

IV. AND BE IT ENACTED, That each stockholder may sell and transfer his stock, or any part
thereof, not being less than one share, and on the transfer being entered in the road book, in the
presence of the stockholder, or his lawful attorney, the person to whom the same is transferred shall
thereupon be entitled to all the rights and privileges vested in the original stockholder by this act.

Stock may be
transferred,
&c.

V. AND BE IT ENACTED, That as soon as one hundred and fifty shares be subscribed, the ma-
nagers appointed by this act, or a majority of them, may call a meeting of the subscribers at any
place they may think proper, by giving four weeks previous notice successively in the Fayette Ga-
zette and Union Advertiser, Maryland Herald and Republican Gazette, notifying the time and
place of said meeting ; and at such meeting the subscribers may, either in person or by their
proxies, duly appointed by power of attorney, choose by ballot, from among themselves, seven
managers for the term of one year thereafter, and on the same day annually a like election shall be
made; and in case of refusal, death, resignation or disqualification, of any manager, the remaining
managers, at their next meeting thereafter, shall elect, by ballot, another person qualified as afore-
said in his place for the residue of the year; and the managers, or any four .of them, shall at their
first meeting after every annual election, elect, by ballot, from among themselves, a president;
and in case of refusal, death, resignation or disqualification, of the president, the managers shall
meet, as soon as conveniently can be thereafter, and elect another person for president in the man-
ner aforesaid.
VI. AND

A meeting; may
be called, &c.