PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

hereby incorporated, and they, or any one of them,
under the direction of a majority, may cause books to
be opened at such time and places as they may direct,
for the purpose of receiving subscriptions to the capi-
tal stock of said company, after giving such notice of
the times and places of opening the same, as they
may deem proper, and may cause said books to be
kept open from time to time, for the space of twelve
months after the first opening of the same, or until
the sum necessary to the incorporation shall be sub-
scribed.

CHAP. 497.

SEC. 2. And be it enacted, That the capital stock of
said company shall be twenty-five thousand dollars,
and shall be divided into shares of fifty dollars each,
and so soon as five, thousand dollars of the same shall
have been subscribed and fully paid in, the subscribers
of the said stock, their successors and assigns, shall
be and they are hereby declared to be incorporated
into a company, by the name of the Wellersburg and

Jennings Run Rail Road Company, and by that name
shall be capable in law of sueing and being sued, plead
and be impended, answer and be answered, and have
a common seal, to break or renew at pleasure, of pur-
chasing, holding, selling, leasing and conveying es-
tates, real, personal and mixed, so far only as it shall
be necessary for the purposes of constructing their
rail road, erecting depots, bridges, and so forth, and
for this purpose shall have all the privileges and rights
granted to the Baltimore and Ohio Rail Road Com-
pany, in the act of Assembly, passed at December ses-
sion, eighteen hundred and twenty-six, chapter one
hundred and twenty-three, and provided for in sec-
tions fourteen, fifteen, sixteen, seventeen and eighteen,
which said sections shall be and they are hereby de-
clared to be a part of this act.

Capital stock,

etc.

SEC. 3. And be it enacted, That upon every share
of stock subscribed, there shall be paid two dollars at
the time of subscribing the same, and the residue
thereof shall be paid in such instalments and at such
times as it may be required by the president and di-

Instalments—
how paid in.

rectors of said company; provided, that not more than
one third of said subscription shall be demanded in
any one month from the commencement of the work,
and if any subscriber shall fail or neglect to pay any
instalment or part of said subscription, thus demanded,
for the space of sixty days next after the time the
same shall be duo and payable, the stock on which it
is demanded, shall be forfeited to the company, and

Proviso.