LAWS OF MARYLAND.

1844.

SEC. 3. And be it enacted, That when one half or more
of the shares of said stock shall have been subscribed, the
said commissioners or a majority of them, who opened
the said subscription books, shall give thirty days notice,
in the papers published in Frederick city, of the time and
place by them appointed for the subscribers to meet, in
order to organize said company, and to choose by a ma-
jority of votes of the said subscribers, by ballot, to be de-
livered in person, or by proxy, duly authorised, managers
from among the stockholders, to conduct the business of
said company until the first Monday of May, eighteen

CHAP. 196.

Commission-
ers to give 30
days notice.

hundred and forty-six, and until their successors shall be
chosen in the manner hereinafter provided; at all elec-
tions each stockholder shall be entitled to one vote for
every share held by said stockholder, not exceeding two
hundred.

Each stock-
holder entitled
to one vote for
every share.

SEC. 4. And be it enacted, That the subscribers for
stock of said company, shall be, and they are hereby in-
corporated and constituted a body politic, by the name of
the Frederick and Emmettsburg Turnpike Road Com-
pany, and by the same name the said stockholders and
their successors and assigns, shall have all the privileges
and franchises of or incident to a corporation, and shall
be capable of taking and holding the said capital stock,
and the increase and profits thereof, and of enlarging the
same by new subscriptions on the original terms, if neces-
sary to fulfil the intent of this act, and of purchasing and
holding to them and their successors, in fee simple, or for
any less estate, such lands and estate, real or personal, as

Corporate
powers.

shall be necessary to them, in the prosecution of their
works: provided, said lands or real estate shall not exceed
two acres in any one lot or parcel, for the use of the gate
keeper; and of suing and being sued, answering and be-
ing answered, in any court of law or equity in this State;
and the said company shall have power to make a seal,
and alter and break the same, and renew it at their will
and pleasure, and to do all other acts necessary for the
purposes for which they are incorporated, as fully as any

Proviso.

other corporation may do.
SEC. 5. And be it enacted, That the suras so subscribed
shall be paid to the managers of said company, in such
instalments and at such times as they may direct, by giv-
ing two months notice of the payments required, in one
or more of the newspapers of Frederick.

Sums sub-
scribed paid to
managers.

SEC. 6. And be it enacted, That the stockholders in said
company shall, on the first Monday of May, eighteen hun-
dred and forty-six, and on the first Monday of May in
each succeeding year, elect by ballot as aforesaid, for the
13

Stockholders
to elect nine
managers.