T. WATKINS LIGON, ESQUIRE, GOVERNOR.

199

after mentioned, their successors and assigns, shall be,
and they are hereby created and made a corporation and
body politic, by the name and style of the Rosehill
Company of Allegany county, and by that name shall
and may have continuous succession, and be capable in
law, of purchasing, holding, improving and disposing
of property real, personal or mixed, to the extent in
the manner, and for the purposes herein authorised,
and may sue and be sued, plead and be impleaded,
answer and defend, be answered and defended in
all courts of law and equity, and may receive and
make all deeds, transfers, covenants, conveyances,
grants, contracts, agreements and bargains whatsoever,
necessary for the said purposes, and may hove and use
a common seal, and generally may do every other act
or thing necessary to carry into effect the provisions of
this act, and promote the objects and designs of said

company, as authorised, by this act; Provided, that
nothing herein contained shall authorise said company
to hold more than five thousand acres of land all lying
in Allegany county.

Proviso.

SEC. 2. And be it enacted, That the said John
G. Lynn, George Lynn, Jonathan M. Magruder, Fred-
erick A. Schley, Anna B. Tilghman, John A. Graham,
Joseph H. Tucker and James L. Graham, or a majori-
ty of them, may receive subscriptions from time to time
to the capital stock of the said corporation, in shares of
one hundred dollars each, to any amount not exceed-
ing five thousand shares, and for the purpose of obtain-
ing such subscriptions, they shall give at least ten days
public notice by advertisement in some newspaper pub-
lished in the town of Cumberland, of the time, place
and terms of subscribing said slock, and all persons
subscribing, and entitled to one or more shares of said
stock, shall thereupon become a member of the Rose-
hill Company, of Allegany county, hereby incorpo-
rated.

Authority to
receive sub-
scriptions.

SEC. 3. And be it enacted, That the concerns of
said corporation, shall be managed by a board of five
directors of which one shall be president, to serve for
one year, or until others are appointed, which said direc-
tors during their term of service shall have the sole
management and direction of the stock, property, affairs
and concerns of said company; all elections shall be
by ballot, and each share of stock, shall entitle the
holder thereof to one vote, to be voted in person or
by proxy; the first election of directors to be made
at the time of the subscription of the stock and or-

Management.