|
|
III. AND BE IT ENACTED, That subscription books be Opened for a capital stock of two hundred
and twenty thousand dollars, in shares of twenty dollars each, and that subscriptions be taken in
for one hundred thousand dollars of the same at the city of Baltimore, under the direction of James
Carey, Luke Tiernan, George F. Warfield and Francis Hollingsworth; for fifty thousand dollars at
Frederick-town, under the direction of John Schley, Henry Ridgely Warfield and David Levy; for
twenty thousand dollars at Middle-town, under the direction of Frederick Stemple, Joseph Swear-
ingen and Samuel Shoup; and for fifty thousand dollars at Elizabeth-town, under the direction of
Thomas Sprigg, Nathaniel Rochester, Charles Carroll, Jacob Zellar and Elie Williams, for the first
before-mentioned road; and for a capital stock of one hundred and sixty thousand dollars, in shares
of twenty dollars each, at the city of Baltimore, under the direction of William Owings, Solomon
Etting, David Williamson, Edward Johnson, doctor John Cromwell and Charles Carnan, for the se-
cond before-mentioned road; and for a capital stock of one hundred thousand dollars, in shares of
twenty dollars each, at the city of Baltimore aforesaid, for the third before-mentioned roact, under
the direction of James Winchester, Joseph Thornburgh, Thomas McEldry, Nicholas Merriman,
of Elijah, and David McMechen, who are hereby appointed commissioners for the purposes afore-
said, who shall, for each of the companies for which they are respectively appointed, on or before
the first Monday of April next, procure books, and in each enter as follows, to wit: " We, whose
names are hereunto subscribed, do promise to pay to the president, managers and company, of the,
(here insert the name of the company,) the sum of twenty dollars for every share of stock in the
said company set opposite to our respective names, agreeably to an act of the state of Maryland, en-
titled, An act to incorporate companies to make several turnpike roads through Baltimore county,
and for other purposes. Witness our hands, this —— day of —— , eighteen hundred and —— ,"
and shall give notice in two of the public news-papers in Baltimore, one in Easton, and both in an
English and German news-paper in Frederick-town and Elizabeth-town, for one month at least, of
the times when, and places where, the said books will be open to receive subscriptions of stock for
such respective company or companies, at which times and places at least two of the said respective
commissioners shall attend for each of the said respective companies, and shall permit and suffer all
persons who shall offer to subscribe in person, or by attorney duly authorised, in the said books,
which shall be kept open for that purpose at least four hours every day, Sundays excepted, for the
space of three days, if three days shall be necessary; provided nevertheless, that the said commis-
sioners shall not permit any one person or company to subscribe for more than twenty-five shares
during the first day on which the said books shall be opened in either of the respective companies,
nor more than fifty shares on the second day on which the said books shall be opened; and if at the
expiration of the said three first days the said books shall not have, for each respective roact, the full
number subscribed, the said respective commissioners may adjourn from time to time until the num-
ber of shares respectively shall be subscribed, of which adjournment public notice shall be given in
at least two of the public papers of the city of Baltimore, one in Easton, and in an English and
German paper in Frederick and Elizabetlvtown; and when the said subscriptions in the said books
shall amount to the said respective numbers aforesaid, the same shall be closed; provided always,
that every person offering to subscribe in the said books in his own name, or in the name of any
other person, shall, upon subscribing, pay to the attending commissioners one dollar for every share
to be subscribed, out of which shall be defrayed the expence attending the taking such subscription,
and other incidental charges, and the remainder shall be deposited in one or more of the banks of
Baltimore, for the use of each respective corporation for which the same shall be taken, as soon as
the same shall be organized and the officers chosen as herein after mentioned.
|
Books to be
opened, &c.
|
|
|
|
IV. AND BE IT ENACTED, That when one hundred persons or more shall have subscribed two
thousand five hundred shares or more of the said stock of the first before- mentioned company, and
when one hundred persons or more shall have subscribed two thousand five hundred shares or more
of the said stock of the said second before-mentioned company, and when eighty persons or more
shall have subscribed two thousand shares or more of the said stock of the said third before-menti-
oned company, the said commissioners heretofore named for each respective road shall, as soon as
conveniently may be, give thirty days notice in two of the news-papers of the tit.y of Baltimore, one
in Easton, and in an English and German paper in Frederick and Elizabeth town, of the time and
place by them appointed for the subscribers to meet, in order to organize the said corporation, and
to choose, by a majority of votes of the said subscribers, by ballot, to be delivered in person, or by
proxy duly authorised, one president, eight managers, one treasurer, and such other officers as shall
be deemed necessary to conduct the business of each of the said companies, until the third Monday
in October next, and until like officers shall be thereafter chosen, and make such by-laws, rules, or-
|
When certain
shares are sub-
scribed, notice
to be given,
kc.
|
|
