PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

in order to organise the said company, and to choose,
by a majority of votes of the said subscribers by bal-
lot, to be delivered in person or by proxy duly autho-
rised, three managers from among the stockholders,
to conduct the business of the said company until the
first day of May, one thousand eight hundred
and fifty, and until their successors shall be chosen,
in the manner hereinafter provided, and at such elec-
tion, and all subsequent elections and meetings of the
stockholders for determining any question arising at
such meeting, each stockholder shall be entitled to

one vote for every share held by him or her.

CHAP. 160.

SEC. 4. And be it enacted, That the subscribers for
stock of the said Company shall be and they are here-
by incorporated and constituted a body politic, by the
name of the Old Road Turnpike Company, and by
the same name the said stockholders and their suc-
cessors and assigns shall have succession, and shall
have all the privileges and franchises of, or incident
to corporations, and shall be capable of taking and
holding the said capital stock, and the increase and
profits thereof, and of enlarging the same from time
time by new subscriptions on the original terms, in
such manner and firm as they shall think proper, if
such enlargement shall be found necessary to fulfil

Powers, &c.

the intent of this act; provided, the said increase doth
not exceed six thousand dollars, and of purchasing
and taking to them and their successors in fee simple,
and for any lesser estate, all such lands, tenements, he-
reditaments and estate, real and personal, as shall be
necessary to them in the prosecution of their works ;
provided, the said real estate shall not exceed one acre,
in any one lot or parcel, for the use of the gate-keeper,
and of sueing and being sued, answering and being
answered, and the said company shall have power to
make and have a seal, and alter and break and renew
the same according to their will and pleasure, and do
all other acts necessary to the purposes for which they
are all hereby incorporated, as fully as any other cor-
poration may.

Provisoes.

SEC. 5 And be it enacted, That the sums so sub-
scribed shall be paid to the managers elected agree-
ably to this act, or to such persons as they, or a ma-
jority of them, shall direct, in such instalments or
proportions, and at such times as the managers may
appoint, they giving two months notice of their pay-
ments so required, in the newspapers as aforesaid.

Subscription —
how paid in.

SEC. 6 And be it enacted, That the stockholders

in said company shall meet on the first day of July,

General meet-
ings — how and
when called.