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Session Laws, 1854
Volume 616, Page 235   View pdf image
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230

LAWS OF MARYLAND.

CHAPTER 190.

Passed
Mar. 10, 1854.

AN ACT to incorporate a company for constructing a
Bridge at or near the Great Falls, across the Potomac

River. .....

Commission-
ers appointed.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That John W. Wells, Thomas J. Car-
par, Thomas Ap C. Jones, John Turner, Hull Neil-
son, John R. Carpenter, John Rowzee, John Sher-
man and Richard Hirst, be, and they are hereby ap-
pointed commissioners for the purposes hereinafter men-
tioned, that is to say they or a majority of them, after
thirty days notice in any newspaper published in Rock-
ville, Montgomery county, shall or may open a book or
books at Rockville, in said county or elsewhere, for
raising subscriptions to construct a bridge at or near the
Great fall's of the Potomac river, and thereupon they
shall proceed to receive subscriptions to the capital
stock of said company, which is hereby limited to fif-
ty thousand dollars, to be divided into shares of fifty
dollars each, and the said book or books shall be kept
open for ten consecutive days and if the whole number
of shares, shall not have been subscribed for within
that time, said commissioners or a majority of them
shall give notice as aforesaid of the time and place,
of places when and where they will receive subscrip-
tions for the remaining shares.

$2 to be paid
at time of sub-
scribing.

SEC. 2. And be it enacted, That every person at
the time of subscribing shall pay the attending commis-
sioner or commissioners two dollars for every share by
him or her subscribed for.

Meetings.

SEC. 3. And be it enacted, That as soon as one
hundred shares shall be subscribed the said commission-
ers or a majority of them shall call a meeting of the stock-
holders who shall proceed by person or by proxy to the
election by ballot seven directors who shall continue in
office one year, and until a new election for directors
shall thereafter be made, and said directors shall have
full power and authority to elect by ballot a president
from their body and shall have full power to elect a
treasurer for the said company, and the stockholders in
said company in one year after the day on which the
election of directors shall be made and on the same
day in every year thereafter, except the same shall hap-
pen on Sunday, and in that case the day succeeding,



 
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Session Laws, 1854
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