WILLIAM GRASON, ESQUIRE, GOVERNOR.

1839.

SEC. 2. And be it enacted, That as soon as convenient
after the passage of this act, subscription books shall be
opened for a capital stock of four hundred thousand dol-
lars, in shares of twenty dollars each, and that John H.
Price, Ignatius Rutledge, Isaac Rogers, Philip W. Silver,
Edward Rutledge, Doctor Abraham J. Street, Doctor Par-
ker Forwoocl, William Pyle, William Wilson, of William,
Benjamin Boarman, Thomas Hope, James W. Williams,
Otho Scott and Josiah Lee, be and they are hereby ap-
pointed commissioners for taking subscriptions to said
stock; and books therefor may be opened by any one of
them, with the consent of a majority of said commission-
ers, and at such places as they may appoint, and may be
continued open from time to time as to the said commis-

CHAP. 215.

To open sub-

scription books.

Commissioners

named.

sioners it shall seem expedient, public notice of the time
and place therefor being first given; and every person at
the time of subscribing in the said books shall pay or de-
liver to the commissioner having charge of such book in
cash therefor, one dollar for each share to be subscribed by
such person, which money the said commissioners shall
cause to bo safely deposited and kept to and for the use of
the 'company aforesaid, and as soon as the same shall be
organized by the appointment of its officers as hereinafter
mentioned, and a majority of said commissioners may per-
form any act necessary or proper to be performed by the
said commissioners, and may from time to time appoint any
time and place of meeting, and may fill any vacancy that
may occur in the said body of commissioners, and any

number of said commissioners, not less than three, may call

a meeting of them to take place at the court house in Bell
Air, by giving not less than two weeks previous notice by
public advertisement of the time appointed for such meet-
ing.

Notice to be

given.

To pay $1 for

each share sub-
scribed.

Duties of com-
missioners.

SEC. 3. And be it enacted, That as soon as one thou-
sand shares or more of the stock in said company shall
have been subscribed, the said commissioners shall give two
weeks notice through some newspapers published in Har-
ford county and in the city of Baltimore, of the time and
place by the said commissioners to be designated, for the
subscribers to the said slock to meet in Harford county,
and choose by ballot eight managers, who as soon as may
be afterwards, shall by the act of a majority of said ma-
nagers, choose and appoint a president, who may be selec-
ted either from among themselves or from among the stock-
holders at large; and the said president and managers of said

To give notice
of meeting of
subscribers.

Managers to be

elected.

To elect a pre-
sident.