1842

FRANCIS THOMAS, ESQUIRE, GOVERNOR.

CHAP. 204.

McCulloh, John Porter, John Young, Joseph Dilly, Charles
Williams, John Pickell, George S. Evans, John R. Nourse,
Jonathan Arnold, Peter Baer, and those who shall hereafter
become connected with them in this company, be and they
are hereby appointed commissioners who shall cause books
to be opened, at such time and place as they may deem ad-
visable, for the purpose of receiving subscriptions to the
capital stock of the company to be incorporated by the pro-
visions of this act, notice having been given as the said com-
missioners may deem expedient of the time and place of
opening said books, and continue the same open from time
to time so long and as often as they may find necessary to
complete such subscription.

Capital stock
$15, 000.

SEC. 2. And be it enacted, That the capital stock of said
company shall be fifteen thousand dollars, in shares of twen-
ty five dollars each, and all individual and bodies politic
and corporate, and the commissioners of Allegany county
are hereby authorized and empowered to subscribe for such

Provisoes.

amount of stock as they may think proper; provided never-
theless, that if the subscriptions shall exceed the amount
required and authorized by this act, the commissioners shall
regulate the sum, in such manner as to effect a just appor-
tionment of the stocky among the subscribers; provided
also, that at the time of making the subscriptions of the
said capital stock, there shall be paid to the said Commis-
ioners upon such shares the sum of one dollar on each
share, and the residue thereof shall be paid at such time
and in such manner as may be prescribed by the president
and directors of the company to be by this act incorpo-
rated.

Whenever one
third of stock
is subscribed,
stockholders
declared to be
incorporated.

SEC. 3. And be it enacted, That whenever one-third of
the shares of the said stock shall be subscribed, the said
subscribers shall be declared to be incorporated and made
a body politic and corporate by the name of the Frostburg
and the valley of Jenning's Run Turnpike Road Company,
for the purpose of making a turnpike road from some point
at or near the town of Frostburg, and to intersect the turn-
pike road recently constructed by the Maryland and New
York Iron and Coal Company, at the most convenient point
at or near the Rolling Mill of said company, in the valley
of Jenning's Run, and by the aforesaid name to have suc-
cession, and shall be capable in law to have, hold, pur-
chase, receive, possess and enjoy (o them and their succes-
sors, lands and tenements, hereditaments, goods chattels
and effects of what kind, nature or quality soever, and the
same to grant, devise, convey and dispose of, to sue and be
sued, plead and be impleaded, answer and be answered,
defend and be defended, in any court of record or any