1860.

LAWS OF MARYLAND.

CHAP. 138.

shall be opened at such time or times, place or
places, as they shall think proper, in each of which
said books shall be made the following entry: We,
whose names are hereunto subscribed, do promise
to pay to the president and directors of the Balti-
more and Towsontown Railroad company the sum
of twenty dollars for each and every share of stock
set opposite to our respective names in such manner
and proportion, and at such times, as shall be de-
termined by the president and directors of the said
company, in pursuance of an act of the General
Assembly of the State of Maryland, entitled an act
to incorporate the Baltimore and Towsontown Rail-
road company, as witness our hands this
day of, in the year of our
Lord, one thousand eight hundred and;
and the said commissioners, after giving such no-
tice as to them shall seem proper, shall permit all
persons of lawful age, who shall offer to subscribe
in the said books in their own names, or in the
name of any other person or company, who shall
authorise the same for any number of shares in the
said stock, and if any of the said commissioners
shall die or decline to act before the fulfilment of
the duties devolved on them by this act, others
may be appointed in their stead by the remaining
commissioners or a majority of them.

Capital stock.

SEC. 2. And be it enacted, That the capital stock
of said Baltimore and Towsontown Railroad com-
pany shall be one hundred thousand dollars, in

Incorporated.

shares of twenty dollars each; and as soon as five
hundred shares of said stock shall be subscribed,
the subscribers, their successors and assigns, shall
be and they are hereby declared to be incorporated
by the name, style and title of the Baltimore and
Towsontown Railroad company, and by that name
shall have perpetual succession, and be capable in
law of purchasing, receiving, holding, using, sell-
ing, leasing, mortgaging and conveying goods and
chattels, lands, tenements and hereditaments, and
all estate, real, personal and mixed, of whatsoever
kind or quality; may sue and be sued, plead and
be impleaded, in all courts of this State or the
United States; may make, have and use a common
seal, and the same may alter or renew at pleasure,
and may also ordain, establish and enforce such
by-laws and regulations as they shall deem neces-
sary for the government of said corporation, not