1860.

CHAP. 252.

LAWS OF MARYLAND.

ballot to be delivered in person by proxy duly
authorised, five managers from among the stock-
holders to conduct the business of the said company
until the first Monday of June, [illegible]
the day of their election, and until the day [illegible]
which their successors shall be chosen in the man-
ner hereinafter provided, and at all elections each
stockholder shall be entitled to one vote for every
share of stock held by said stockholder.

Corporate
powers.

SEC. 4. And be it enacted, That the subscribers
for stock of said company shall be and they are
hereby incorporated and constituted a body politic
by the name of the Liberty and Frederick Turn-
pike Road Company, and by the same name the
said stockholders, their successors and assigns
shall have all the privileges and franchises of or
incident to a corporation, and shall be capable of
taking and holding the said capital stock and the
increase and profits thereof and of enlarging the
same by new subscriptions on the original terms if
necessary to fulfil the intent of this act and of pur-
chasing and holding to them and to their succes-
sors in fee simple or for any less estate, such lands
and estate, real or personal as shall be necessary

Proviso.

to them in prosecution of their works; Provided,
said lands or real estates shall not exceed ten acres
in any one parcel for the use of the gate keepers,
and of suing and being sued in any court of law or
equity in this State, and the said company shall
have power to make a seal and to alter and break
the same and renew it at their will and pleasure,
and to do all other acts necessary for the purposes
for which they are incorporated as full as any other
corporation may do.

Instalments.

SEC. 5. And be it enacted, That the sums so
subscribed, shall be paid to the managers in such
instalments and at such times as they may direct,
by giving one month's notice of the payment re-
quired in one or more newspapers of the county.

Annual elec-
tion of offi-
cers, &c.

SEC. 6. And be it enacted, That the stockholders
in said company shall on the first Monday in June
next succeeding the first election of managers, and
on the same day in each year succeeding, elect by
ballot as aforesaid, for the ensuing year, five mana-
gers as aforesaid, and the managers or a majority
of them shall have the power to appoint one or
more judges of all elections, and to elect a presi-
dent of said company from among the managers or