THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.

capital stock of sixty thousand dollars, in shares of twenty
dollars each, the commissioners or a majority of them
having first given at least two weeks notice of the time
and place of meeting in one or more newspapers publish-
ed in Frederick county, the subscription to the stock to
be made in the manner provided by the act to which this
is a supplement.

CHAP. 10.

SEC. 2. And be it further enacted, That all subscription
to stock made by any person or corporation, in the presence
of any one of the aforesaid commissioners, and at any other
place or time than the place, or time designated in the
notice published by the commissioners, shall be deemed
as valid and binding, as if said slock were subscribed
before the said commissioners in the manner directed and
prescribed by the previous section of this act.

Subscriptions
valid.

SEC. 3. And be it enacted, That as soon as one-fifth of
the capital slock shall have been subscribed, the com-
pany shall be organised in the manner prescribed by the
third section of the act to which this is a supplement.

Our fifth to be
subscribed.

SEC. 4. And be it enacted, That the said commission-
ers, or a majority of them shall from time to time, open
the said subscription books at such places and at such
times as they may designate, until the whole of the stock
authorised by this act is subscribed.

Books to
be opened.

SEC. 5. And be it enacted, That as soon as the com-
pany is organised, the managers elected shall proceed to
expend the money subscribed in the construction of said
road, beginning at such point as they or a majority of
them shall determine, and that the said managers be, and
are hereby vested with full power and authority to borrow
upon the pledge of the property of the road and its tolls,
such sum or sums of money as they may deem necessary.
SEC. 6. And be it enacted, That all persons residing
on said road and holding stock therein, shall not be charg-
ed for passing through the toll gates on said road, more
than once at each toll gate on any single day.

Managers au-
thorised to ex-
pend money.

SEC. 7. And be it enacted, That the first election for
managers under this act shall be held on the first Mon-
day of April, eighteen hundred and forty-seven, or at such
time thereafter as the commissioners or a majority of them
shall determine, having first given three weeks notice in
one or more newspapers published in Frederick county
of the time and place of election, which said managers
shall serve until the first Monday in May, eighteen hun-
dred and forty-eight, until their successors shall be elect-
ed in the manner prescribed by the act to which this is a
supplement.

Election of

managers.