1849.

LAWS OF MARYLAND.

CHAP. 487.

CHAPTER 487.

Passed Mar. 9,
1850.

An act to Incorporate the Doughoregan and Mont-
gomery Plank or Turnpike Road Company.

Commissioners
to receive sub-
scriptions.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Charles Carroll, Isaac C. Ander-
son, John Orem, Thomas Cooke, Thomas C. Miller,
Alien Bowie Davis, and Hugh Ely, be and they are
hereby appointed commissioners to take subscription to
the capital stock of the Doughoregan and Montgomery
plank or turnpike road company hereby incorporated,
and they, or a majority of them, may cause hooks to be.
opened, at such times and places, and for such period or
periods, upon giving such notice as they may deem expe-
dient, of the times and places of opening the same, for
the purpose of receiving subscriptions to the same, and
if any of the commissioners shall die, resign or refuse to
act, another and others may be appointed in his or their
stead, by a majority of the remaining commissioners.

Incorporated,
etc.

SEC. 2. And be it enacted. That the subscribers to
said stock, their successors and assigns, shall be and they
are hereby declared to be incorporated into a company,
by the name of the Doughoregan and Montgomery
plank or turnpike road company, and by that, name
shall be capable in law of purchasing, holding, selling,
leasing and conveying estates, real, personal and mixed,
so far as shall be necessary for the purposes hereinafter
mentioned, and no farther, and shall have succession,
and by said corporate name may sue and be sued, and
may have and use a common seal, which they shall
have power to alter or renew at their pleasure, and shall
have, enjoy and may exercise all the powers, rights and
privileges which other corporate bodies may lawfully do
for the purposes mentioned in this act.

Instalments—
how paid in.

SEC. 3. And be it enacted, That upon every such
subscription there shall be paid at the time of subscribing
to the said commissioners, or their agents, the sum of
one dollar on every share subscribed, and the residue
thereof shall be paid in such instalments, and at such
times as it may be required by the president and direc-
tors of said company, and if any subscriber shall fail or
neglect, to pay an instalment or part of said subscription
thus demanded, for the space of sixty days, next after
the time the same shall be due and payable, the stock on
which it is demanded, shall be forfeited to the company,
and may be sold by the said president and directors, for the