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said commissioners shall attend, and shall furnish
all persons or corporations who shall offer to sub-
scribe in person or by attorney for stock in said
company in the books aforesaid, which shall be
kept open for that purpose at least four hours in
every day for three successive days, and shall con-
tinue them open until two hundred shares of said
stock shall be subscribed for, and until the presi-
dent and directors of said company are elected in
the manner hereafter mentioned, unless in the mean-
time, the whole of the capital stock be subscribed
for.
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CHAP. 113.
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SEC. 3. And be it enacted, That all subscrip-
tions of stock made by any persons or corporations
in the presence of any one of the aforesaid commis-
sioners, and at any other place or time, than the
place or time designated in the notice aforesaid,
shall be deemed as valid and binding as if said
stock were subscribed before said commissioners
in the manner prescribed by the second section of
this act.
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Subscriptions
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SEC. 4. And be it enacted, That when two hun-
dred shares or more of the said capital stock shall
have been subscribed for, the said commissioners
or a majority of them, shall give at least two weeks
notice in one or more of the newspapers of the city
of Baltimore, of the time and place, to be desig-
nated by them for the subscribers to meet for the
purpose of organising said company, and choosing
by a plurality of votes of said subscribers, by bal-
lot to be voted in person, or by proxy duly autho-
rised, a president and five directors from among the
stockholders, and such other officers as they shall
deem necessary to conduct the business of said com-
pany, until the first Monday in April, eighteen
hundred and sixty-one, and until a new election as
hereinafter provided for, at which said election,
and on all other questions to be determined by said
stockholders, each stockholder shall be entitled to
one vote for every share of stock held by him not
exceeding twenty-five shares, but when more than
that number of shares are held, the holder there-
of shall only cast one vote for every five additional
shares, after having voted twenty-five votes.
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Meeting, or-
ganization,
&c.
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SEC. 5. And be it enacted, That after the first
meeting of the stockholders shall have been held
as hereinbefore mentioned, there shall be a meet-
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Election of
president and
directors.
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