1852.

LAWS OF MARYLAND.

CHAP. 318.

the laws of this State and of the United States, as they
may deem necessary for the interests of said road, and
shall give at least three weeks notice to the stockholders
in said company to convene as aforesaid, and elect in
the same manner a president and board of managers, to
serve for twelve months from the expiration of the term

of service of the aforesaid president and board of mana-
gers, and so in like manner shall notice be given, and
an election be held at the end of each year during the
continuance of this corporation; the president and board

of managers at all times having the power to alter,
amend or abolish the by-laws, rules and regulations
whenever the interest of the corporation may require
such change.

Sum subscrib-
ed to be paid
to managers.

SEC. 7. And be it enacted, That the sum subscrib-
ed as hereinbefore provided for, shall be paid to the
managers elected agreeably to this act, as follows, viz :
One-fourth part thereof, at the end of one month after
the election of said managers, and the remainder in
such instalments, and at such times as the managers
may direct, they giving at least three weeks notice of
the payment so required in one or more newspapers
published in said county.

Certificates

of stock.

Provisoes.

SEC. 8. And be it enacted, That the president and
managers of said company shall cause certificates of
stock to be issued to every person, community or cor-
poration, entitled to the same, when they shall be enti-
tiled to one vote for each share of stock held by them
respectively; Provided, that no one person, communi-
ty or corporation, shall be allowed more than thirty
votes; And provided further, that such certificates of
stock shall be transferable only upon notice given to
the board of managers, when a transfer shall be regu-
larly made upon the books of the corporation.

Board of com-
missioners of
Washington
co. authorised
to subscribe.

SEC. 9. And be it enacted, That the commissioners
board of Washington county, be, and they are hereby
authorised to subscribe for such number of shares, not
exceeding two hundred, in the capital stock of said
company, as they may deem expedient and proper, in
the name and for the benefit of Washington county, to
be represented, at all meetings of the stockholders of
said company, by the commissioners, for the time be-
ing, or by such person or persons as may be duly autho-
rised by them.

Condemna-
tion of lands.

SEC. 10. And be it enacted, That the president and
managers of said company, or a majority of them, or
any person or persons authorised by a majority, may
agree with the owner or owners of any land, earth,
gravel or stone, or other materials, which may be want-