1849.

LAWS OF MARYLAND.

CHAP. 196.

ty of them, shall, as soon as conveniently may be,
give thirty days notice, in the papers aforesaid, of the
time and place by them appointed for the subscribers.
to meet, in order to organise the said corporation, and
to choose, by a majority of votes of the said subscri-
bers by ballot, to be delivered in person or by proxy
duly authorised, six managers from among the stock-
holders, to conduct the business of the said company
until the first day of May, eighteen hundred and fifty-
one, and until their successors shall be chosen in the
manner hereinafter provided, and at such election, and
all subsequent elections and meetings of the stockhol-
ders for determining any question arising at such
meeting, each stockholder shall be entitled to one
vote for every share held by him, her or it, not ex-
ceeding twenty-five.

Corporate

powers.

SEC. 4. And be it enacted, That the subscribers of
stock of the said company shall be and they are here-
by incorporated and constituted a body politic, by the
name of the Liberty and Franklin Plank or Turn-
pike Road company, and by the same name (he said
stockholders and their successors and assigns shall
have succession, and 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 from time time by new subscriptions on the
original terms, in such manner and form as they
shall think proper, if such enlargement shall be found
necessary to fulfil the intent of this act; and of pur-
chasing and of taking to them and their successors in.
fee simple, and for any lesser estate, all such lands,
tenements, hereditaments and estate, real and perso-
nal, as shall be necessary to them in the prosecution

Proviso.

of their work, provided, the said real estate shall not
exceed two acres in any one lot or parcel, for the use
of the gate-keepers, and twenty in one other place,
and of sueing and being sued, answering and being
answered, and the said company shall have power to
make 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
were incorporated, as full as any other corporation
may do.

Capital— how
paid in.

SEC. 5. And be it enacted, That the sum so sub-
scribed shall be paid to the managers elected agree-
ably to this act, or to such person as they, or a ma-
jority of them, shall direct, in such instalments or
proportions, and at such times as the managers may