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Session Laws, 1847
Volume 612, Page 155   View pdf image
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1847.

LAWS OF MARYLAND.

CHAP. 173.

May make
bye-laws.

annually on the first Monday of November, and that
said president and managers shall make such rules,
bye-laws and regulations as may to them seem necessa-
ry for the well governing of the affairs of said com-
pany, that all stockholders in any election of the officers
of said corporation shall be entitled to vote as follows,
that is to say, for every share not exceeding three, one
vote for each; for any number of shares greater than
three, and not exceeding ten, five votes; for any number
of shares not exceeding fifty, seven votes; for any
number of shares greater than fifty, and not exceeding
one hundred, ten votes; provided, that no person or body
politic shall have more than thirty votes, whatever
number of shares he, she or they may be entitled to.

Name and
style.

SEC. 3. And be it enacted, That the stockholders in
said company shall be and they are hereby incorpora-
ted and constituted a body politic, by the name of the
Weaverton and Boonsborough Turnpike Company,
and by the same name shall have succession during the
continuance of this corporation, and the said stockhold-

Corporate
powers.

ers 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 aforesaid
that they are authorised to do in virtue of this act.

To receive
additional sub-
scriptions.

SEC. 4. And be it enacted, That the president and
managers, after their election as hereinbefore provided
for, shall have full power to receive additional subscrip-
tions for the unsubscribed stock or vacant shares, and
when a sufficient sum has been raised and paid in to
construct said road no further subscription shall be receiv-
ed, and said president and managers shall cause said
road to be laid out as far as practicable, or as in their
discretion, may be advisable, on the bed of the old road
leading from Weaverton to Boonsborough.

Time limited
for completion
of road.

SEC. 5. And be it enacted, That said company
shall cause said road to be completed within three years
from the passage of this act, otherwise the right of
said stockholders shall revert to the State of Mary-
land, and that said company are hereby clothed and in-
vested, as respects the said road, with all and singular
the rights, privileges, immunities and advantages, not
inconsistent with the provisions of this act, that are held,
used and possessed by the several turnpike companies
incorporated by an act of assembly, passed at De-
cember session eighteen hundred and four, chapter
fifty-one, entitled, an act to incorporate companies to
make several turnpike roads through Baltimore county,
and for other purposes, and shall be governed by the



 
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Session Laws, 1847
Volume 612, Page 155   View pdf image
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