1838.

LAWS OF MARYLAND.

CHAP. 383.

Annual meeting.

Sec. 4. And be it enacted, That after the first meet-
ing of the stockholders shall have been held as herein-
after mentioned, there shall be a meeting of the stock-
holders in Boonsboro, on the second Monday in June,
in each and every year, or within two days thereafter,
when and where they may elect, by a plurality of

Choose President.

votes, by ballot, a president and five managers, three
of whom shall be a quorum; a treasurer, and such oth-
er officers as they may deem necessary for the ensu-
ing year, and until a new election, and may by a ma-

General powers.

jority of votes present, adopt, add to. alter or amend,
such by-laws, rules, orders and regulations, as may
be necessary for the well government of the affairs of
the company; provided, that they do not contravene
the constitution or laws of this State or of the United
States.

Instalments paya-

ble.

Sec. 5. And be it enacted, That the sums subscribed
to the stock of said company shall be paid in the fol-
lowing manner: one dollar on each share to the com-
missioners at the time of subscribing, four dollars on
each share to the managers, elected agreeably to the
provisions of this act, within one month after the elec-
tion of managers, and the remainder in such sums,
and at such times as the managers, or a majority of
them may appoint, they giving two months notice in
one or more of the papers printed in Hagerstown and
Chambersburg, as aforesaid.

Corporate powers

conferred.

Sec. 6. And be it enacted, That the stockholders in
the said company, shall be, and they are hereby incor-
porated and constituted a body politic, by the name of
the Boonsboro and Ridgeville Turnpike Company, and
by the same name shall have succession during the
continuance of this corporation, and the said stock-
holders and their successors, by the name aforesaid,
may sue and be sued, answer and be answered in any
court of law or equity in this State, and may do and
execute every other matter and thing, by the name a-
foresaid, that they are authorised to do in virtue of
this act.

Subscriptions for

unsubscribed stock.

Sec. 7. And be it enacted, That after the president

and managers are elected in the manner hereinbefore

mentioned, they shall have full power and authority to
receive subscriptions for all unsubscribed, or vacant
shares, and upon the said election, the powers hereto-