1843.

FRANCIS THOMAS, ESQUIRE, GOVERNOR.

CHAP. 159

Corporate
powers.

Sec. 4. And be it enacted, That the subscribers of stock,
of the said company, shall be and they are hereby incorpo-
rated and constituted a body politic by the name of the
Baltimore and Liberty Turnpike Road Company, and by
the same name the said stockholders and their successors
and assigns shall have perpetual succession, and shall have
all the privileges and franchises of or incident to a corpora-
tion, and shall be capable of taking and holding the said
capital stock, and the increase and profits thereof, and of
enlarging the same from time to time by new subscriptions
on the original terms in such manner and form as they shall
think proper, if such enlargement shall be found necessary
to fulfil the intent of this act and of purchasing, and of
taking to them, and their successors in fee simple and for
any lesser estate, all such lands, tenements, hereditaments
and estate, real and personal, as shall be necessary to them

Proviso.

in the prosecution of their work, provided, the said real
estate shall not exceed two acres in any one lot or parcel for
the use of the gate keeper, and twenty in one other place;
and of suing and being sued, answering and being answered,
and the said company shall have power to make a seal, and
alter and break, and renew the same according to their will
end pleasure, and to do all other acts necessary to the pur-
poses for which they were incorporated as full as any other
corporation may do.

To be paid to
Managers.

Sec. 5. And be it enacted, That the sum so subscribed
shall be paid to the managers elected agreeably to this act
or to such persons as they or a majority of them shall
direct, in such instalments or proportions and at such times
as the managers may appoint, they giving two months notice

Meet on first
Monday in
May.

of the payments so required in the newspapers aforesaid.
Sec. 6. And be it enacted, That the stockholders in
said company shall meet on the first Monday in May in the
year eighteen hundred and forty-five, and on the first Mon-
day in May in each succeeding year, for the purpose of
choosing twelve managers as aforesaid for the ensuing year
in manner aforesaid, and at such other times as they shall be
summoned, in such manner and form as shall be described
by the by-laws of the said corporation at which annual or
special meetings they shall have full power and authority
to make, alter or repeal, by a majority of votes in manner
aforesaid, all or any of the by-laws, rules, orders and regu-
lations made as herein after provided, and to do and perform
any other corporate acts herein authorised, and the man-
agers of the said company or a majority of them shall have
power to appoint judges of election, and to elect a Presi-
dent of said company from among the directors or stock-
holders, and to allow him a compensation for his services,
if they shall deem it proper, and if any vacancy shall occur