T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

directors; and as soon as subscribers to the amount
of ten thousand dollars are obtained, a majority so
subscribing shall give public notice, or cause the
same to be given by three or more handbills set up
in the most conspicuous places on the line of the
said contemplated road, of the time and place des-
ignated by them for the stockholders in said com-
pany to meet for the purpose of organizing said cor-
poration, choosing by ballot and by a majority of
votes a president and seven directors, five of the said
directors without the president, and four of whom
with the president, shall constitute a quorum, and
they shall select in the same manner by ballot a
treasurer and such other officers as they shall deem
necessary for conducting the affairs of said company
until the first Monday of May, eighteen hundred
and sixty-one, and until a new election shall be
held, which said election shall be held annually

CHAP. 272.

Election of
president and
directors.

thereafter, and that said president and directors
shall make such rules, by-laws and regulations as
may to them seem necessary for the well-governing
of the affairs of the company, and all stockholders
in any election of the officers of said corporation
shall be entitled to one vote in person or by proxy, for
every share; Provided, that no person or body poli-
tic shall be entitled to more than twenty-five votes,
no matter what number of shares he, she or they
may be entitled to.

By-laws.

SEC. 3. And be it enacted, That the stockholders
in said company, shall be and they are hereby in-
corporated and constituted a body politic by the
name of the Baltimore and Liberty Turnpike Road
Company, in Carroll and Frederick counties and by
the same name shall have succession during the
continuance of this corporation, and the said stock-
holders and their successors by the above authority
may sue and be sued, answer and be answered, in
any court of law or equity in this State, and may
adopt and use a common seal and break the same
at their pleasure and may do and execute every
other matter and thing, by the name aforesaid, that
they are authorised to do by virtue of this act.

Corporate
powers.

SEC. 4. And be it enacted, That the president and
directors, after their election as hereinbefore provi-
ded for, shall have full power to receive additional
subscriptions for the completion of said road, and
said president and directors arc hereby invested with
all the rights and powers necessary to the construction

Subscrip-
tions, con-
struction of
road, &c.