PHILIP F. THOMAS, ESQUIRE, GOVERNOR

1849.

CHAPTER 40.

CHAP. 40.

A further supplement to the act entitled, an act to in
corporate Companies to make several Turnpike
Roads through Baltimore county, and for other pur-
poses, passed at November Session, eighteen hundred
and four, chapter fifty -one.

Passed Jan 30,
1850.

WHEREAS, It is represented to this General Assem-
bly, that it would be for the interest of the stock
holders of the Baltimore and Reistertown Turnpike
Road Company, that the capital stock of said com-
pauy should be reduced, and the par value of share:
rated according to their actual value.

Preamble.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the capital stock of the said Balti-
more and Reistertown Turnpike Road Company, be
and the same is hereby reduced to the sum of one
hundred and ninety-one thousand and four hundred
dollars, and the par value of each share thereof, be
reduced from the sum of twenty dollars, to the sum
\ of six dollars.

Capital redu-
ced.

SEC. 2. And be it enacted, That all the provisions
of the act to which this is a supplement, and its va-
rious supplements, inconsistent with this act, be and
the same are hereby repealed, but that the restriction
upon the per centum of dividend to be paid to the
stockholders, as provided by the twenty-fourth section
of the act to which this is a supplement, shall be con-
strued to apply to the original subscription price, and
not to the value of the shares, as reduced by this sup-
plement.

Repealed in
part.

SEC. 3. And be it enacted, That nothing herein
contained shall he of force or effect, unless the presi-
dent and managers of the said Baltimore and Reister-
town Turnpike Company shall, on or before the first
day of May next, file with the Governor of Maryland,
a resolution authorised by its stockholders in general
meeting, and under its corporate seal, declaring their
acceptance of the act, after which time this act, if
accepted, shall have operation and effect.

To file with
Governor reso-
lution.