T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

before the first day of May next, for subscriptions
to the capital stock of said company; and that
Jacob Hoover, Eli Shockey, Hugh Logan, David
Newcomer, Charles Hiteshew, Samuel Lyday, John
Mentzer, John Welty, Joseph Leiter, Daniel Ment-
zer, Josephas Grounk, Frederick E. Beigler, and
Jonathon Harbaugh, be and they are hereby ap-
pointed commissioners to receive such subscriptions.

CHAP. 304.

SEC. 4. And be it enacted, That when fifty shares
of said stock shall have been subscribed, the said
commissioners shall give twenty days notice to the
subscribers to meet at a time and place to be fixed
by said commissioners for the purpose of organizing
said company, and the said subscribers at such
meeting shall elect a president and five directors,
to serve until the first day of January thereafter,
and until their successors be elected and qualified, and
the stockholders of said company shall annually,
on the first Monday of January, or within sixty
days thereafter, elect a president and five directors.

Election of
president and
directors.

SEC. 5. And be it enacted, That the stockholders
of said company are hereby created a body politic
and corporate, by the name of the "Leitersburg
and Ringold Turnpike Company, " and by that
name shall have perpetual succession, and shall
have all the privileges and franchises of a corpora-
tion, and may sue and be sued, make a corporate
seal and by-laws, not inconsistent with the laws of
this State.

Corporate
powers.

SEC. 6. And be it enacted, That the sum so sub-
scribed for the stock of said company, shall be paid
to the president and directors aforesaid, in such
instalments and at such times as they may appoint
and require.

Instalments.

SEC. 7. And be it enacted, That the president and
directors of said company shall manage and direct
all its concerns and affairs, and three of the direc-
tors and the president shall constitute a quorum
for the transaction of any business, and if a vacancy
occurs in the presidency, a president shall be elected
by the directors to serve until the next election by
the stockholders.

Affairs of the
company —
how man-
aged.

SEC. 8. And be it enacted, That the president and
directors are hereby authorised to appoint five com-
missioners, who, or a majority of them, shall lay
out said road from Leitersburg to Ringold, and

Commission-
ers to lay out
road.