T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

act another or others may be appointed in his or
their stead by a majority of the remaining commis-
sioners.

CHAP. 34.

SEC. 2 And be it enacted, That the subscribers to
said stock and their successors and assigns shall be
and they are hereby declared to be incorporated
into a company by the name of the Baltimore, Ca-
tonsville and Ellicott's Mills Passenger Railway
Company, and by that name shall be capable in
law of purchasing, holding, selling and conveying
of property, real, personal and mixed, as far as
shall be necessary for the purpose hereinafter men-
tioned and no further, and shall have perpetual
succession, and by such corporate name may sue
and be sued, and may have and use a common seal,
which they shall have power to alter or renew at
their pleasure, and shall have and enjoy, and may
exercise all the rights, powers and privileges inci-
dent and necessary to the purposes of said corpora-
tion as created by this act.

Incorporated.

SEC. 3. And be it enacted, That the subscription
to the capital stock of said company shall be in
shares of twenty dollars each, to such amounts as
the commissioners aforesaid, or a majority of them
may deem necessary, not exceeding ten thousand
shares, and upon every subscription there shall be
paid at the time of subscribing to the said commis-
sioners or their agents, the sum of two dollars on
every share subscribed, and the residue thereof shall
be paid in such instalments and at such times as
may be required by the president and directors of
said company, and if any subscriber shall fail or
neglect to pay any instalment, or part of said sub-
scription thus demanded, for the space of sixty days
next after the time the same shall be due and pay-
able, the stock on which it is demanded shall be
forfeited to the company, and may be sold by the
said president and directors for the benefit of the
company, but the president and directors may re-
mit any such forfeiture on such terms as they shall
deem proper.

Capital stock.

SEC. 4. And be it enacted, That as soon as one
thousand share's of twenty dollars, each of said capi-
tal stock shall have been subscribed, the said com-
missioners or a majority of them shall call a general
meeting of the subscribers at such time and place
as they may appoint, and shall give at least ten

Directors.