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Session Laws, 1849
Volume 613, Page 605   View pdf image
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PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

CHAPTER 469.

CHAP. 469.

An act to Incorporate the Cumberland and Pennsyl-
vania Rail Road Company.

Passed Mar. 4,
1850.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Robert Garrett, John Q. Hewlett,
and P. H. Sullivan, of Baltimore, William Price, and
George A. Thruston, of Cumberland, and Andrew
Stewart and Edward D. Gayzan, of Pennsylvania, be
and they are hereby appointed commissioners, under
the direction of any two of whom, subscriptions may be
received to the capital stock of the Cumberland and
Pennsylvania Rail Road company hereby incorporated,
and they or any two of them, may cause books to be
opened at such times and places as they may direct, for
the purpose of receiving subscriptions to the capital
stock of said company, after having given such notice
of the times and places of opening the same us they
may deem proper, and that upon the first opening of
said books, they shall be kept open for at least ten suc-
cessive days, from ten o'clock in the morning, until,
two o'clock in the evening, and if at the expiration of
that period such a subscription to the capital stock of
said company as is necessary to its incorporation shall
not have been obtained, the said commissioners or any
two of them, may cause the said books to be opened
from time to time, after the expiration of the said ten
days, for the space of twelve months thereafter, or until
the sum necessary to the incorporation of the company
shall be subscribed, if sooner subscribed, and if any of
the said commissioners shall die, resign, or refuse to act
during the continuance of the duties devolved upon
them by this act, another may be appointed in his stead
by the remaining commissioners, or a majority of them.

Commissioners
to receive sub-
scriptions.

SEC. 2. And be it enacted That the capital stock of

the said Cumberland and Pennsylvania Rail Road
company, shall be one million of dollars, in shares of,
one hundred dollars each, and that as soon as five thou-
sand shares of the capital stock shall be subscribed, the
subscribers of the said stock, their successors and assigns,
shall be, and they are hereby declared incorporated
into a company, by the name of the Cumberland and
Pennsylvania Rail Road company, and by that name
shall be capable in law, of purchasing, holding, leasing,
selling, and conveying estates, real, personal and mixed,
so far as shall be necessary for the purposes hereinafter

Capital stock.



 
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Session Laws, 1849
Volume 613, Page 605   View pdf image
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